London needs a new financial services story – and it should be crypto, says former chancellor Hammond April 6, 2023 Back in 2017, a word association for then-Chancellor Philip Hammond may have conjured up the likes of staid and steady over innovative and adventurous. Theresa May’s right hand man oversaw a turbulent period for the country but he was the last man in Number 11 to stick to the Office for Budget Responsibility’s forecasts. While [...]
Eurostar cancels Paris-London services as strikes hit France October 18, 2022 Eurostar has cancelled trains between Paris and London as nation-wide strikes hit France. The train operator was forced to axe today’s 11.13am and 4.13pm services to London as well as the 1.31pm and 7.01pm trains to Paris, as thousands of French transport workers walked out in a dispute over pay. “Travellers booked on a cancelled [...]
London is being hollowed out of clever 20-year-olds refusing rent hikes February 16, 2023 Young, talented people are leaving London in flocks because they can't afford the record spike in rents. It risks making the capital a place for the super wealthy only, writes Elena Siniscalco
Qatari investment in London pulled into question over transport advert ban November 26, 2022 Qatar is reportedly reviewing its investment in London after the capital banned the country’s adverts from its transport network. Transport for London (TfL) contacted Q22, the body overseeing the World Cup, to inform them of the ban this week, the Financial Times reported, citing a person involved in the Qatari review. In response, Qatar said [...]
Lloyd’s of London syndicate Beazley launches world’s first ‘cyber catastrophe bond’ January 9, 2023 Lloyd’s syndicate Beazley has launched the world’s first ‘cyber catastrophe bond’. The insurer’s catastrophe bond protects Beazley’s balance sheet in the event it is forced to pay out more than $300m (£246m) in insurance on any cyber risk policy. Catastrophe bonds have traditionally been used to protect insurers from natural disaster risks, through deals that [...]
FTSE 100 live: Beazley and Ocado edge London higher on final day of first quarter March 31, 2023 The FTSE 100 nudged higher on the final morning of the first quarter on the back of an early rise for insurance giant Beazley and retail tech firm Ocado. London’s flagship index rose around 0.2 per cent in early trading before settling to be around up around 0.16 per cent at 9:43am. Lloyds of London [...]
John Lewis submits £500m London planning bid for 800 homes – but questions remain about affordability June 30, 2023 John Lewis is pressing on with its shift away from the high street and into residential property by submitting initial planning applications for new ‘build to rent’ homes in the capital The hard-hit retailer submitted proposals for nearly 800 rental homes on London sites in West Ealing and Bromley, with plans for a site in [...]
Exclusive: Bridgerton cast rally to save vital London arts event from closure February 19, 2023 Speaking exclusively to City A.M., some of Bridgerton’s lead cast, including Nicola Coughlan and Jonathan Bailey, rally to help save Vault Festival, one of the UK’s brightest arts festivals, which faces closure after landlords have said they’ll turf them out in 2024. Help Save Vault by donating to their campaign here Bridgerton’s leading actors have [...]
‘Bitcoin inventor’ court proceedings dropped in London as judge says it’s no longer in public interest April 5, 2023 Contempt of court proceedings involving a computer expert who claims to be the inventor of Bitcoin have been dropped after judges ruled it was no longer in the public interest to continue. Dr Craig Wright, who says he is Bitcoin creator “Satoshi Nakamoto”, was facing allegations that he may have deliberately leaked details of a [...]
FCA risks ‘watering down’ investor protection in bid to revive London, 10 top pension funds warn June 28, 2023 The Financial Conduct Authority risks “watering down” investor protections in its push to revive the appeal of London’s markets, a group of top pension has claimed today.