City of London Corporation puts its legal challenge on ice November 2, 2011 THE CITY of London Corporation has put its legal bid to evict the Occupy London protesters on ice while it digests the church’s astonishing U-turn. There are now fears the campsite surrounding St Paul’s could remain until the 2012 Olympics. Meanwhile, City A.M. has learned the City of London Corporation has held meetings to discuss [...]
London offices enjoy strongest spend in years February 5, 2013 THE CENTRAL London office market enjoyed its strongest year for investment since 2007 last year, thanks to a record level of purchases by foreign investors, according to data published yesterday by Knight Frank. The property specialist said total investment turnover for central London was £13.8bn in 2012, up from £9.6bn in 2011 and higher than [...]
City maverick David Buik slams Sir Mervyn King’s BoE speech February 13, 2013 CITY stalwart David Buik of Cantor, who is known for his poetic City commentary – often quoting the likes of Whitman, Shakespeare, Poe and Housman – was left unimpressed with the Bank of England governor yesterday. “I would hardly describe myself as the sharpest pin in the box” opened Buik. “However having looked at the [...]
The hub of the matter: Growing aviation capacity will stop firms taking flight September 2, 2012 IN THE ongoing debate on aviation capacity, we have become gridlocked in a game of political poker. Nobody is prepared to grasp the nettle, despite the obvious benefits increased capacity would generate for our economy. We need international trade to grow. The default position at the moment is against the construction of a third runway [...]
City Moves for 13 February 2013 | Who’s switching jobs February 12, 2013 RBS The bank has announced the appointment of Jonathan Barrow as regional director for the east of England in its corporate and institutional banking coverage team. Barrow joined RBS 17 years ago, and has worked in various regional corporate locations in the UK, as well as at RBS’s New York office. Smith and Williamson The [...]
Deutsche man flown in to add profit to charity January 15, 2013 EX-DEUTSCHE chief Graham Hodgkin has taken a more literal than usual route to cementing his reputation as a City high-flyer – by becoming the new CEO of the London Air Ambulance. Hodgkin, formerly a managing director at Deutsche Bank, reckons he is well qualified for the newly-created role, having worked in investment banking for over [...]
The financial sector is vital to unlocking Britain’s potential for growth August 19, 2012 AFTER an incredible couple of weeks for the UK, the first leg of London 2012 has drawn to a close. It has shown the very best of Britain, with athletes from over 200 countries coming to demonstrate their excellence. Team GB excelled, just as Britain excels in business. There’s an old joke that the British [...]
Letters to the editor February 3, 2013 London by night [RE: Tube could run until 2am, says transport boss, Thursday] Last week’s announcement that London Underground will run extended weekend Tube services is a boon for businesses across the capital. It is also positive for businesses like Addison Lee, as we also benefit from Londoners being able to get around at busy [...]
US web ad firm to raise £12.5m in London IPO February 4, 2013 A US online advertising company will today announce plans to raise up to £12.5m on London’s Alternative Investment Market (Aim) as a springboard for expansion into Europe. Digital Global Services (DGS), which buys advertising space on search engines and Facebook for telecoms companies, is looking to float in mid-February despite not yet having a presence [...]
Bank ringfences will solve little February 11, 2013 Chief Market Strategist, Cantor Index I AM enormously proud to have survived 50 years in the City of London. Over the last week, however, there has been little news involving banks to be remotely glad about. We heard some “mea-culpa” testimony to the Parliamentary Commission on Banking Standards from Lloyds Banking Group’s chief executive Antonio [...]