Battersea panic stations: Investors flee luxury scheme as up to £2m is knocked off some asking prices March 4, 2016 More than 50 luxury flats on sale at London’s iconic Battersea Power Station have had their prices slashed since January, with some seeing discounts as large as 38 per cent in a sign that wealthy foreign investors are scrambling to desert the scheme. The news adds to fears that demand for prime homes in the capital is [...]
Manufacturers in the south east of England see M&A boom thanks to interest from overseas buyers January 20, 2016 Manufacturers in the south east of England are attracting the attention of overseas investors, sparking a surge in M&A activity. According to figures shown exclusively to City A.M. today by law firm Irwin Mitchell, which were based on analysis of data from Experian, M&A deals in the manufacturing sector grew by five per cent in [...]
City Moves for 8 December 2015 | Who’s switching jobs December 7, 2015 BAKER & MCKENZIE Global law firm Baker & McKenzie has appointed Andy Moody as a partner in London. He joins in early 2016 from Eversheds. Andy has acted on a wide range of commercial disputes, focusing on international arbitration. His experience is in the energy sector where he has advised on international upstream, downstream and [...]
City set for a decade of job growth as finance and technology hiring to soar in London June 2, 2015 Booming finance and technology hiring will help create 145,000 new jobs in central London over the next decade in a sustained bounce-back from the financial crisis, according to a study out today from the City of London Corporation. The Square Mile can expect an additional 39,000 workers, with the remainder created across the other central [...]
Mayor of London Boris Johnson accused of “cover up” over Garden Bridge meeting January 29, 2016 The Mayor of London has been accused of misleading the London Assembly over the controversial Garden Bridge, amid claims he targeted Apple for corporate sponsorship before the scheme had even received backing. According to trade magazine Architects' Journal, which has been running a series of exposes on the matter, Boris Johnson and Garden Bridge designer Thomas Heatherwick travelled [...]
Lord Mayor Alan Yarrow plans to make City Giving Day bigger and better July 6, 2015 How much do you really know about the charitable work your company is doing? Lord Mayor Alan Yarrow thinks it is time the City shouted a bit louder about the good it does on top of its invaluable financial operations – and he wants your company to join in. The best can hope to be [...]
London mayoral election 2016: Conservative candidate Zac Goldsmith courts small businesses December 3, 2015 Conservative London mayoral candidate Zac Goldsmith will launch a charm offensive on the capital’s small businesses tonight, promising to provide them with better broadband, faster payments and more funding from City Hall. Speaking at a dinner for London members of the Federation of Small Businesses (FSB), Goldsmith will say that while “business is good in [...]
Bashing landlords won’t bring down sky-high rents in London February 10, 2016 The proportion of households renting privately in London has more than doubled over the last 10 years. And with demand far outstripping supply, fears are mounting that London’s sky-high rents will rise even further. Some believe a simple fix would be for the winner of May’s mayoral election to introduce some form of rent control in [...]
City Moves for 19 January 2016 | Who’s switching jobs January 19, 2016 Bryan Cave International law firm Bryan Cave has announced two new appointments to its London office. Corporate partner Sarah Atkinson joins the transactions client service group from Hogan Lovells. Associate Yannis Erifillidis joins the financial services client service group from Norton Rose Fulbright. Sarah’s experience concentrates on cross-border M&A, private equity and general corporate advisory work. [...]
We need some better speakers on the London speaker circuit: When anyone can be an “authority”, any fraud can get an audience March 7, 2016 I used to be in awe of people who were recognised as an “authority” on something or other. Those who spoke at conferences. Or frequented panel discussions. Or gave prolific press commentary. Or – the pinnacle of any career – appeared on TV. If a CV saying “X regularly speaks at high-profile industry events” landed [...]