Business group pushes for cap on rising rates September 26, 2013 A NEW report released today by the Confederation of British Industry (CBI) calls on the government to cap annual business rate increases at two per cent, and to review the whole system. The CBI’s research highlights how much business rates have risen in comparison to other taxes. In the decade up to the 2012-13 financial [...]
Canary Wharf’s Canadian backer October 28, 2013 CANARY WHARF was the biggest development in the world when work officially began in 1988. Prime Minister Margaret Thatcher praised the level of foreign investment in the project – having personally arranged that Olympia & York, run by Paul Reichmann, would finance it. It had taken almost seven years to secure the commercial backer for [...]
WIEF 2013 today October 29, 2013 Face to Face – Smart Cities ■ 9am to 10am ■ Boris Johnson, mayor of London ■ Lauren Taylor, presenter, Aljazeera English, UK Designing the Future – Why do we need Smart Cities? ■ 10am to 11.30am ■ Neil M Denari, founder, Neil M Denari Architects, United States ■ Professor Dr Uwe Krueger, chief executive, [...]
Cameron cheers China trade but Europe baulks December 2, 2013 DAVID Cameron sparked frustration in Brussels yesterday by talking up the prospect of a free trade deal with China. The Prime Minister, who has taken dozens of business leaders on a trade trip to the country, told Chinese leaders yesterday he will champion a tie-up with the European Union. “Some in Europe and elsewhere see [...]
New York picks Bill de Blasio as next city mayor November 6, 2013 NEW YORKERS yesterday chose liberal Democrat candidate Bill de Blasio to succeed Michael Bloomberg as the city’s mayor next year, delivering him a landslide victory over Republican rival Joe Lhota. De Blasio – the first Democrat to be elected as mayor in two decades – grabbed 73.3 per cent of Tuesday night’s vote after a lengthy [...]
City Moves for 09 October 2013 | Who’s switching jobs October 8, 2013 MacKay ShieldsThe fixed-income investment management firm has hired Matthew Nagele as managing director and head of distribution for the UK and Europe, the Middle East and Africa. He has previously held senior roles at Janus Capital Group and Old Mutual Asset Managers (UK). Jones DayThe law firm has announced the appointment of Michael Weir as a [...]
City Moves for 24 October 2013 | Who’s switching jobs October 23, 2013 Investec Private Bank The private bank has announced the appointment of Eden Riche as head of high net worth lending. He has previously held senior roles at RBS and Lehman Brothers Europe. Lloyds Bank Commercial Banking Ender Tanar has joined the bank as head of central Europe. He has over 28 years’ experience in the finance [...]
London falls to third in world for office costs September 17, 2013 LONDON is now the third most expensive city in the world to rent space for a business, having been knocked out of second place by New York in the first six months of the year, a report out today shows. Hong Kong has kept its title as the world’s dearest property rental market, though prices [...]
Public offered a ride on theme park flotation October 21, 2013 ALTON Towers owner Merlin Entertainments yesterday said members of the public will have the chance to become shareholders in the company when it floats in London next month, with a minimum investment of just £1,000. The business, which also owns Madame Tussauds and Legoland, plans to raise £200m in an initial public offering of shares. [...]
City’s finest banquet in honour of our heroes October 6, 2013 With just under two weeks to go to the City’s finest banquet, our illustrious chefs led by Albert and Michel Roux Jr are ready to reveal the banquet menu. We can also share some more of the auction lots that guests can bid on at this very special night hosted by Brian Turner CBE, president [...]