Businesses could be hit with £1,000 levy per EU worker after Brexit January 11, 2017 Employers could face a £1,000 charge for every EU worker they recruit under plans being considered by the Home Office. Immigration minister Robert Goodwill revealed the controversial plans earlier today in a House of Lords subcommittee looking at post-Brexit migration rules. Goodwill claimed the charge will "be helpful to British workers who feel they are overlooked". Read [...]
Activist shareholder Sir Chris Hohn requests meeting to remove London Stock Exchange chairman Donald Brydon November 9, 2017 Activist shareholder Sir Chris Hohn today upped the stakes in his battle with the London Stock Exchange (LSE) Group, requesting an extraordinary shareholder meeting as part of a dramatic bid to remove chairman Donald Brydon. Hohn, head of The Children’s Investment (TCI) fund, believes Brydon is forcing out LSE chief executive Xavier Rolet. He has [...]
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 [...]
The City should welcome apprenticeships to build a higher-skilled economy for all January 30, 2017 The City of London Corporation recently announced its pledge to hire 100 new apprentices. This figure, combined with 17 current positions, will give 117 career-starters a role in the organisation. This echoes Sadiq Khan’s recent calls for more powers to build skills among London’s workforce – and to help keep the capital globally competitive in [...]
Gocompare share price rises after splashing £36.5m of its spondoolicks on voucher code website MyVoucherCodes December 19, 2017 Price comparison website Gocompare today snapped up online voucher code website MyVoucherCodes for £36.5m. Gocompare is hoping the acquisition will be transformational by attracting customers on a daily rather than annual basis. Boss Matthew Crummack said MyVoucherCodes would play a “valuable role [in the firm’s] ambition to become the ‘go-to’ place for savvy savers to [...]
London-listed IDH and Mansour family’s Man Capital join to scoop up Nigerian healthcare firm December 1, 2017 London-listed Integrated Diagnostics Holdings (IDH) has created a joint venture with Man Capital, the investment arm of the billionaire Mansour family, to acquire Nigerian medical diagnostics business Echo-Scan. The two firms have partnered with the World Bank’s International Finance Corporation to invest $25m in Echo-Scan, which is one of the biggest medical diagnostics players in [...]
Brexit vacuum must be avoided, as new report warns of a second cliff edge scenario February 22, 2017 Businesses could find themselves launched off of a cliff edge and into a Brexit vacuum if the government does not line up its transition period with care. The Institute of Directors (IoD) is warning the UK will likely need longer than the two-year Article 50 process to negotiate both an EU exit agreement and a [...]
Cycle superhighways are causing traffic jams in the City October 5, 2016 Traffic is building up in the City due to the introduction of new cycle superhighways, according to a report by the City of London Corporation. The superhighways have been put in by Transport for London (TfL) to make sure cyclists can move more safely through the City's busy roads, but the road system is still [...]
Crystal Palace reveal £100m Selhurst Park transformation plans ushering in “new era” for the club December 4, 2017 Premier League strugglers Crystal Palace today released plans for a massive revamp of their Selhurst Park stadium. Costing between £75m and £100m, the club want to hike home capacity from 26,000 to more than 34,000 and wrap the ground in glass – paying homage to the historic original Crystal Palace exhibition venue. A new stand [...]
Tower Bridge will reopen today – ahead of schedule December 22, 2016 Tower Bridge is to reopen at noon today, after a three-month closure to traffic for maintenance work. The City of London Corporation originally planned to reopen the iconic bridge on New Year's Eve, but said that "due to favourable weather conditions and well organised planning, management, and project execution, the extensive refurbishment works were able [...]