We’re going to build Crossrail 2 and the private sector is going to pay for it April 3, 2017 Passengers crammed on to the Central, District, Circle and Piccadilly Lines are gasping for the opening of the Elizabeth Line, running from west to east, from Heathrow to Canary Wharf and beyond, late next year. But what about Londoners packed on to the north-south Northern, Victoria, Bakerloo and Jubilee Lines who suffer from similar over-crowding [...]
Forget Brexit: London and Belgium are collaborating on fintech January 11, 2017 London's world-leading fintech sector is forging ahead despite Brexit with closer ties to counterparts in Belgium, the heart of European government. Belgium's finance minister Johan Van Overtveldt and a delegation of fintech experts are in London to build closer ties with the city and launch a new platform for fostering collaboration between startups and finance firms. "Brexit [...]
The City’s tallest skyscraper gets the go-ahead November 28, 2016 The tallest building in the City of London, 1 Undershaft, has just received planning approval. Rising up 73 storeys, the new glass giant will be the second tallest tower in western Europe after the Shard. To make room for the building, Aviva Tower will be demolished. Read more: Steel group Severfield sets its sights on [...]
The government is offering Saudi Aramco a $2bn loan guarantee November 9, 2017 The UK government is finalising a $2bn loan guarantee for the most valuable company in the world – and one which it is currently hoping will list in London. UK Export and Finance (UKEF) is close to signing off a “significant” finance facility with Saudi Aramco, hoping it will be used to support making purchases [...]
“Strong case” for London Stock Exchange to win Saudi Aramco float says 10 Downing Street November 6, 2017 The London Stock Exchange (LSE) has a “strong case” for attracting the mega-float of part of state-backed oil giant Saudi Aramco, 10 Downing Street said today. A spokesperson for the Prime Minister said: “Obviously there are lots of big stock exchanges which have an interest in Aramco, including the London Stock Exchange, which we believe [...]
No transition deal for UK’s clearing houses post-Brexit will hurt the other EU member states February 20, 2017 A transition deal for clearing in the UK must be decided on as soon as possible, or EU economies and banks will take a hit, a report out today is warning. The International Regulatory Strategy Group (IRSG), which carried out the study and is a regulatory advisory body for the City of London Corporation and [...]
Arqiva shuns private sale in favour of raising £1.5bn from London float October 23, 2017 Arqiva, the firm that owns the majority of Britain’s UK TV and radio masts, today revealed plans to raise £1.5bn through a London stock market float. The announcement comes after an attempt at a private sale fell apart on Friday. The listing would be the City’s largest of 2017. Owned by Canadian Pension Plan Investment [...]
The opening shots of ‘Brexodus’? November 22, 2017 On Monday came two announcements that Britain was losing two European agencies. Two European agencies plan to relocate post Brexit The first was the European Medicines Agency (EMA), which will relocate to Amsterdam after Britain leaves the European Union (EU) in 2019, with the loss of an estimated 900 jobs. The second was the European [...]
London mayoral election 2016: Labour candidate Sadiq Khan rejects suggestions from shadow chancellor John McDonnell to scrap City of London Corporation January 26, 2016 Labour candidate for mayor of London Sadiq Khan has sharply rejected calls from shadow chancellor John McDonnell and top Labour advisers to get rid of the City of London Corporation. “The City of London Corporation is the City’s bedrock, playing an historic and vital role representing business,” a spokesperson for Khan told City A.M. “Any suggestion [...]
Bank junction in the City will come to a standstill this evening due to a cab drivers demonstration January 12, 2017 Cab drivers are planning to demonstrate in the Square Mile today, with police warning that there will be significant traffic problems for most of this evening as a result. Bank junction will be closed from 4.30pm, ahead of the protest action by United Cabbie Group (UCG), which starts at 5pm and runs until 6.30pm. The cab [...]