Nick Jones interview: Soho House founder on The Ned, his new £200m project in the heart of the Square Mile February 18, 2017 As Nick Jones returns his teacup to its saucer, sits back and spreads his arms across the fluffy blue sofa, he looks uncommonly comfy. Of course he does. The founder of the world’s most famous chain of private members clubs, Soho House, is in his home from home, 76 Dean Street, one of 18 dotted [...]
White collar crime crackdown expected in 2017, as UK prosecutors hone in on Bribery Act January 8, 2017 This year will see renewed efforts on clamping down on white collar crime, particularly as prosecutors chase convictions under the Bribery Act, experts have told City A.M. Prosecutions for bribery offences have been picking up pace ever since the Bribery Act 2010 came into force in 2011. Last year marked the first time a company was sentenced [...]
Over 50 business leaders have called for an “urgent” decision on airport expansion almost exactly a year after an official report lent its support to a new Heathrow runway June 27, 2016 Over 50 business leaders have called on the government to urgently make a decision on expansion of capacity at London's airports, a year after an official report backed a new runway at Heathrow. Prior to last week's Brexit vote, reports had suggested that a decision could be made as soon as 7 July. However, following [...]
City Moves for 9 March 2017 – who’s switching jobs? March 9, 2017 Today’s City Moves cover finance, legal eagles, engineering and banking. Take a look at these movers and shakers: BNY Mellon Markets Dan Watkins has been appointed Head of BNY Mellon Markets in Europe, the Middle East and Africa (EMEA). In this role, he will oversee the growth of BNY Mellon Markets as it responds to [...]
The City’s philanthropic heritage is a powerful draw for values-led millennials June 6, 2016 The City of London has a proud tradition of philanthropy dating back to the Middle Ages, and philanthropy is the reason that our Square Mile – the world’s pre-eminent global financial centre – exists as we know it. From schools to sanitation, and from hospitals to housing for vulnerable people, many of my forebears as [...]
Amazon creates thousands of new jobs in another win for post-Brexit UK and Expedia expands London office February 20, 2017 Amazon is the latest US tech giant to commit to the UK after the vote for Brexit, promising to create thousands of new jobs by the end of the year. Some 5,000 full-time jobs will be created across Amazon's business in the UK, bringing total headcount to 24,000 by the end of 2017. The plans include jobs [...]
The Blockchain Brothers: BTL’s Guy and Hugh Halford-Thompson on running the world’s first public blockchain firm July 10, 2017 Based on Fenchurch Street, it’s not so often I mosey down to Canary Wharf. I suffer a terrible contradiction of mind when I do. Its Dubai-lite pastiche is soulless and underwhelming, yet as a location, its essence is one of unassailable purpose: a financial powerhouse, driving upwards of £100bn into the UK economy every year. [...]
How do you raise funding if your tech startup is not based in London? February 15, 2017 London, fintech and money. They're three amigos aren't they? A winning combo of location, sector and investment, affording the best exposure to startup capital and markets. Right? Not quite. Last year, more was invested in UK tech and fintech outside of London than anywhere else in Europe. And thousands of tech firms are finding competitive funding and startup costs outside the [...]
Kraft Heinz has “amicably agreed” to withdraw its $140bn mega-bid for Unilever February 20, 2017 US food giant Kraft Heinz shocked the financial world last night, scrapping its $140bn (£113bn) takeover bid for Unilever just two days after news of the offer was leaked. Kraft said it had "amicably agreed" to abandon the proposed merger, which would have been the second largest in corporate history, and the largest ever acquisition of [...]
City Moves for 23 February 2017 – who’s switching jobs? February 23, 2017 Today's City Moves cover legal eagles, private banking and engineering. Take a look at these movers and shakers: Bishop & Sewell Bishop & Sewell, a leading full service Central London law firm, has appointed Stephen Charnock as senior associate solicitor in its landlord & tenant team. Stephen specialises in leasehold enfranchisement and has more than [...]