Square Mile embraces hybrid working and tourism as post pandemic planning applications soar 30 per cent March 14, 2023 The Square Mile experienced a 30 per cent spike in planning applications during the pandemic, as investor confidence return to the City of London. The Museum of London, and new HQs for the City’s police and law firm Hogan Lovells were among the 56 applications submitted between 2020 and 2022, it has been revealed. The [...]
Senior Labour MP calls on government to give £2.5bn from Chelsea sale to Ukraine September 6, 2022 A senior Labour MP has hit out at the government for its delay in handing over billions of pounds to Ukraine, after the sale of Chelsea FC in May. Around £2.5bn made from the sale of the Premier League club still sits in the frozen Barclays bank account of ex-Chelsea owner, and sanctioned Russian oligarch, [...]
Christmas strikes: Border Force to walk out for eight days December 7, 2022 Border Force staff working at several UK airports will strike over the Christmas period in a long-standing dispute over jobs and pay. Members of the union PCS will walk out between 23 and 26 as well as 28 and 31 December at several UK airports, including Heathrow and Gatwick. According to aviation analytics firm Cirium, [...]
Russia finds huge oil and gas reserves in British Antarctic territory May 12, 2024 Russia has found huge oil and gas reserves in British Antarctic territory, potentially leading to drilling in the pristine region.
Balli Steel execs found guilty of £120m fraud at collapsed trading firm February 2, 2023 Two Balli Steel executives have been convicted of using forged documents to mislead banks into lending the bankrupt commodities trader $150m (£122m). A jury at Southwark Crown Court today found Balli Steel executives Melis Erda and Louise Worsell guilty on six counts of fraud. Worsell, the managing director of Balli’s UAE business, and Erda, group [...]
Capita prepares to cut 900 jobs to bring down costs November 21, 2023 Outsourcing firm Capita has kicked off a programme that is set to make approximately 900 roles at risk of redundancy as the company tries to cost save. The company’s aim is to double its operating margin to six per cent but in order to do this it needs to cost save £40m per annum on [...]
KPMG shakes up UK executive committee in line with £300m growth strategy September 1, 2022 KPMG today set out plans to shake up its UK executive committee in line with efforts to bolster high-growth areas of its business by investing £300m over the next three years. The executive reshuffle will see KPMG’s chief financial officer Chris Hearld take the reins from current chief operating officer Tim Jones from 1 October. [...]
La chimera review: Spectacular, weird, spectacularly weird May 11, 2024 La chimera is best enjoyed if you go in knowing that nothing will make sense, until the story comes together is a magical way
Businessman jailed over Gray’s Inn bomb plot amid £1.4m legal wrangle September 22, 2023 A businessman suspected of being involved in an international money laundering ring who targeted two lawyers for Britain’s FBI by orchestrating a bomb plot against them has been jailed for eight years and two months. Jonathan Nuttall, 50, was convicted of conspiring with his driver, Michael Sode, and an ex-marine, Michael Broddle, to plant two [...]
London Stock Exchange Group flies in new CFO from Paris on £850,000 a year November 20, 2023 He joins the company from Publicis Groupe SA, and will relocate from Paris to London upon taking up the role, with the LSEG saying he'll be on £850,000 a year, before bonuses.