Changing face of the City as workforce diversifies November 25, 2012 THE CITY is far more diverse than the UK as a whole, with proportionally far more ethnic minorities and non-British workers than the general population, research released today reveals. A report from recruitment firm Astbury Marsden finds that just seven in 10 financial services workers in the Square Mile and Canary Wharf are white, compared [...]
Boris poaches City economist Lyons to become finance guru December 11, 2012 MAYOR of London Boris Johnson yesterday appointed top City economist Gerard Lyons, formerly of Standard Chartered, as his chief economic adviser to help preserve’s Square Mile’s dominance as a global financial hub. Lyons, who stepped down as chief economist at Standard Chartered earlier this month after 13 years at the bank, will be paid an [...]
Accidental bidding at Coutts auction for ambulance charity January 2, 2013 PRIVATE bank Coutts finished 2012 by writing one very large cheque – having raised over £50,000 for the London Air Ambulance charity in the last 12 months. Staff handed over £51,705 to the trauma charity – after fundraising activities including a comedy night, treasure hunt, abseil and auction. But The Capitalist hears that one new [...]
Desmond the cosy neighbour November 18, 2012 YOUVIEW chief executive Richard Halton may not have anticipated that moving into the Northern & Shell building would involve such frequent visits from the man who heads up one of the firm’s partners, and landlord of the building. The Capitalist hears that Desmond, who owns Channel 5, has taken advantage of the proximity, and often [...]
The unlikely bedfellows driving a cab revolution November 24, 2013 Annabel Palmer talks taxis with Russell Hall and Ron Zeghibe, two of the founders behind Hailo IN 1639, a licence was granted to the Corporation of Coachmen, allowing its members to compete with the then-dominant licensed sedan chairs. Today, there are over 23,000 licensed taxi drivers in London. They’ve become a British institution – described [...]
Uganda’s East African Gold to ring in New Year with listing December 3, 2012 GOLD miner East African Gold yesterday announced its plans to list on London’s Alternative Investment Market (Aim), becoming the first Ugandan-focused company to seek a London flotation. East African Gold, which was formed in September 2011 and holds more than 800 square miles of exploration licences in northern Uganda, said its shares will begin trading in [...]
Businesses back Boles’ plans to develop on open countryside November 28, 2012 BUSINESS leaders have applauded planning minister Nick Boles after he called for homes to be built over swathes of countryside in order to combat the UK’s housing shortage. Last night Boles told BBC Newsnight that around 1,500 square miles of open countryside should be developed, in the hope of bringing down the cost of homes [...]
Tory minister plans massive building drive November 27, 2012 THE GOVERNMENT’S planning minister is calling for an enormous increase in housing levels in Britain in order to meet rising demand. Nick Boles, a Tory who was appointed to his role in David Cameron’s September reshuffle, will today reveal a plan to expand the area that property can be built on by up to a [...]
CIBC gets in the Xmas mood on its Miracle Day December 6, 2012 ‘TIS the season and alongside mince pies, carols and tinsel, charity trading days are fast becoming the traditional way to celebrate Christmas in the Square Mile. Just a day after Icap’s annual charity extravaganza, Canadian Bank CIBC yesterday hosted its Miracle Day with all fees and commissions from its London wholesale banking employees going to [...]
The new lord mayor’s message: Social and financial returns go hand in hand November 11, 2012 IN THE 35 years since I first started working in the Square Mile, I have seen many things change. But one constant over this period is that the success of our financial services industry continues to be dependent on the concept of service. In other words, the City must serve society rather than the other [...]