House prices in the City and its fringes have boomed in the last five years August 11, 2016 House prices in the City and the surrounding boroughs have soared over the past five years as the centre of London has become a more attractive place to live. City fringe areas such as Clerkenwell, Shoreditch and Wapping have proven particularly popular, where prices have jumped by 47 per cent since 2011, according to research [...]
Lloyd’s of London wants to be at the “heart of Europe” with its new EU base March 30, 2017 Lloyd’s of London is planning to attract new EU customers by placing itself at the “heart of Europe”, the corporation’s chairman said this morning. In the wake of the UK triggering Article 50 yesterday, the iconic insurance market this morning revealed it will set up an EU base in Brussels, with new business set to [...]
Mayor of London Sadiq Khan calls for artists to light up Thames bridges June 2, 2016 Hot on the heels of backing the Garden Bridge, Sadiq Khan has called on the world's creative minds to create permanent light art installation on the Thames' bridges. The light installations will feature on 17 bridges that span the Thames between Albert Bridge in Chelsea and Tower Bridge in the City. "This is a really exciting [...]
Businesses have a duty to help end the scourge of youth unemployment in London August 22, 2016 On Thursday, the tense wait will finally come to an end for thousands of students who will find out their GCSE results. Last week thousands more received their A-Level grades, and both sets of results could determine these young people’s futures. Whether it’s deciding to continue into higher education or take on additional training – [...]
Moody’s says UK banks don’t need EU passporting rights September 19, 2016 Leaving the EU Single Market and losing passporting rights would be far from a disaster for the City of London, leading analysts at Moody's have found. The new research comes amid ongoing wrangling between the UK and Europe, between government ministers and across different industries all competing to put their views about what deal Theresa May should [...]
The City Property Association has come out against Brexit after members backed staying in the EU May 31, 2016 The City Property Association (CPA) has come out in favour of the UK remaining in the European Union after two polls showed its members were "overwhelming" against Brexit. An online poll of its members last week found 75 per cent in favour of the Remain campaign. The CPA, which represents 170 companies operating in Central London, said [...]
Who owns London? The capital’s biggest landowners: Qataris own as much land as the Queen and TfL put together March 17, 2017 A company part-owned by the Qataris own almost as much land in the capital as Transport for London and the Queen put together, a new ranking has suggested, while the City of London was ranked second. Figures compiled by Datscha for property trade bible Property Week showed Canary Wharf Group, which is joint-owned by Qatari [...]
Epiris proves its strength as a standalone private equity manager as split with Electra approaches May 25, 2017 Private equity manager Epiris has cemented its position as a strong standalone player, as its final split with listed investment trust Electra Private Equity (EPE) approaches. EPE, which used to count Epiris as its exclusive manager before effectively sacking it last year, has released its results for the first half of 2017 – a period [...]
London tech heavyweights call for European talent to remain in the capital following Brexit vote June 30, 2016 The London tech community has called for non-UK Europeans working in the sector to stay following the country’s vote to quit the European Union. Russ Shaw, founder of lobby group Tech London Advocates (TLA), has gathered around 150 signatures, including the Mayor of London and the likes of entrepreneur and angel investor Sherry Coutu and co-chief executive of digital literacy [...]
City Moves – who’s switching jobs at Legal & General, Northern Trust and Jackpotjoy March 17, 2017 Today's City Moves cover insurance, wealth management and online bingo. Take a look at these movers and shakers: Legal & General Legal & General has appointed Dharshini David as corporate affairs director. Dharshini will take up the appointment at the end of March and will report to group CEO, Nigel Wilson. She will be responsible [...]