Qatari hires veteran banker Ken Costa to board of Songbird December 11, 2014 The Qataris have brought in one of the City’s best-known rainmakers to help win control of the Canary Wharf Estate. The Qatar Holding Shareholder Group said it had appointed Ken Costa as a director of Songbird, the owner of the east London financial district, taking its representation on the board back to three. South African-born [...]
City Moves for 09 June 2014 | Who’s switching jobs June 9, 2014 Allen & Overy The law firm has hired Maria Darby-Walker as global head of communications. For the past nine years, Darby-Walker has acted as an independent communications consultant, and was most recently interim head of internal and external relations at the Financial Conduct Authority. KPMG The professional services firm has announced the appointment of Julie [...]
Five charts showing what happens to London-listed companies when oil prices plummet February 19, 2015 Oil companies have been burned by plunging global oil prices, which have shed around 60 per cent since July, prompting them to abandon projects, and some have even had to make job cuts. Oil prices have crumbled 60 per cent since July last year, skidding to a near six-year low of $45.19 per barrel in January, thanks [...]
Booming house prices defy talk of cooler times November 18, 2014 UK HOUSE prices continued their summer boom into September, official figures say, but other sources show price growth slowing. House prices shot up by 12.1 per cent in the year to September 2014, up from 11.7 per cent in the year to August, according to data released by the Office for National Statistics (ONS) yesterday. [...]
Who is responsible for you in retirement? May 29, 2014 Despite chancellor George Osborne's strong hint in this year’s Budget that the burden of retirement provision will fall more heavily on savers’ shoulders in future it seems most Brits didn’t get the memo. A new Ipos Mori poll out this morning reveals one in two of us think the government should ultimately be held accountable [...]
How long will the poppies be at the the Tower of London? These beautiful pictures show the first Remembrance Day flowers being removed November 12, 2014 The first ceramic poppy was “planted” at the Tower of London on August 5 and the last one entered the ground yesterday to commemorate Remembrace Day; today they started being harvested. The amazing installation Blood Swept Lands and Seas of Red, created by ceramic artist Paul Cummins, has captured the imagination of more [...]
Essential Living wins funds for Build-to-Rent November 27, 2014 RESIDENTIAL Landlord Essential Living has become the first company to receive funding from the second phase of the government’s build-to-rent fund, paving the way for three private rented sector developments in London and the south east. The company said today it had secured a three-year £51.6m loan from the Royal Bank of Scotland and the [...]
Lord Mayor’s Show 2014 in pictures: City of London procession marks Alan Yarrow taking over from Fiona Woolf November 9, 2014 The City of London played host to the 799th Lord Mayor's Show where incoming Lord Mayor Alan Yarrow and outgoing mayor Fiona Woolf, along with huge public crowds, watched the procession of floats travel past City landmarks. The procession headed off from Mansion House at 11am today, passing by Bank station, the Bank of England and [...]
Stocks hope to rebound after last week’s dip – London Report November 15, 2015 MARKETS across Europe will be looking to recover lost ground this week, following UK and European stocks recording their worst performance since late August last week, due to falling mining shares chipping away at blue chip FTSE 100. Tomorrow EasyJet will report its full year results, coming off the back of a share price surge [...]
Remembrance Sunday 2014: The City will never forget those who fought for our liberties November 2, 2014 Every year, the pageantry and fun of the Lord Mayor’s Show is followed by a more solemn occasion, one that is of great significance to each new lord mayor: Remembrance Sunday. The City’s link with the military is ancient and rich, with every Lord Mayor’s Show being honoured by the participation of some of the [...]