City Matters: EU reform is possible – and it can safeguard the position of the City of London January 19, 2014 GEORGE Osborne has made it his New Year’s resolution to reform the European Union to reverse the continent’s economic decline. His remarks, made in a speech last week, highlight the high stakes in Britain’s membership debate, and he is fundamentally correct in his assertion that “it is in no-one’s interests for Britain to come to [...]
Ed Miliband tries to thaw Labour’s relations with business July 2, 2014 Labour leader Ed Miliband will today attempt to convince UK financial leaders and entrepreneurs that he backs big business. Miliband will seek to reassure the business leaders at a speech in London that Labour wants to work with, not against them, in a bid to reverse perceptions that the party is anti-corporation. “The only way [...]
Bottom Line: AbbVie succeeds where Pfizer has failed July 14, 2014 HOW PFIZER’S chief executive Ian Read must be looking enviously at his US pharmaceutical counterpart Rick Gonzalez this morning. Read, you’ll remember, was the plucky Scot hauled over to the UK by MPs into a blaze of publicity about his dastardly plan to take over UK drug giant AstraZeneca. In contrast, Gonzalez has swept quietly [...]
Tech set to help drive London’s rents up a fifth July 14, 2014 Tech-related firms are set to overtake financial services and insurance as London’s biggest employer for the first time in 2018, helping to drive residential rental values as more workers search for a place to live in the capital. According to research released by Savills yesterday, an extra 368,000 people will be working in London in [...]
How the City gained an edge in offshore renminbi – and will grow even stronger June 16, 2014 AS TOP bankers and policymakers meet in London this week for the UK-China Financial Forum, they may want to reflect on how far the City has come as a main offshore hub for the Chinese renminbi (RMB), supporting a rapidly growing number of British and other European companies trading with China. The offshore RMB market [...]
Heathrow protests gather pace over expansion plan December 15, 2013 PROTESTERS against a third runway at Heathrow airport are braced for action as transport secretary Patrick McLoughlin yesterday refused to rule out plans to expand the site. The government-backed Airports Commission, chaired by Sir Howard Davies, is publishing an interim report tomorrow that will provide a shortlist of locations for new runways, with a final [...]
City of London recruitment drops despite UK job market boom July 5, 2014 Cost cutting at European and UK investment banks has led to a fall in new vacancies at the City of London, as the capital's financial district lags behind the country's recent roaring employment growth. The latest monthly analysis by international recruiter Astbury Marsden points to an 11 per cent drop in new vacancies at the City [...]
A warm welcome to race-goers from London’s business paper June 7, 2014 WELCOME to today’s special Saturday edition to celebrate one of the greatest and most exciting sporting events of the year. Here at City A.M., we are truly passionate about the Investec Derby as well as horse-racing in general. Our readers work hard – but they also love to play hard, and that means they have [...]
City landmark Royal Exchange close to being sold for £80m November 11, 2013 THE OWNERS of the Royal Exchange are understood to be close to signing a deal to sell the historic landmark next to Bank station for £80m. The Irish Bank Resolution Corporation, formed in 2011 by the merger of troubled Anglo and Irish Nationwide, hired property advisers CBRE last month to market the long leasehold in [...]
Little Britain: The UK will never punch above its weight again if the Scots vote to leave September 17, 2014 I ONLY lost it once on 9/11. It was some time after the third plane hit the Pentagon that early September morning. Working flat out at the Heritage Foundation in Washington, DC, I was dimly aware the phone was ringing incessantly, as my staff went on with the important job of working out who was [...]