City Moves: Who’s switching jobs in the Square Mile this week? February 8, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Hilton Hiltonhas appointed a travel industry veteran to take on the role of vice president of focused service operations across Europe, the Middle East and Africa (EMEA). Pauline Wilson, who brings more than 25 years of experience to [...]
US law firm eyes City skyscraper 22 Bishopsgate for new headquarters May 19, 2021 A US law firm is said to be eying up office space in the new 22 Bishopsgate skyscraper, marking a major show of confidence in the City after the pandemic. Skadden, Arps, Slate, Meagher & Flom is closing in on a deal to lease several floors in the building, which is the largest building in [...]
Sarah Everard death: Wayne Couzens pleads guilty to rape and kidnap June 8, 2021 A serving British police officer has admitted the rape and kidnap of Sarah Everard, whose body was found a week after she disappeared walking home in London in March. Couzens, 48, a London officer whose role was to guard diplomatic premises, told the Old Bailey that he accepted responsibility for killing Everard but did not [...]
Government to carry out safety checks on P&O following salary accusations March 21, 2022 Transport secretary Grant Shapps said the government will carry out safety checks on P&O vessels, after unions accused the operator of paying the replacement crew £1.80 per hour. The Maritime and Coastguard agency was instructed to inspect the ferries before allowing them to re-enter service to make sure the crews are “safe and properly trained.” [...]
Fenchurch Advisory Partners plots US expansion March 2, 2022 London-based investment bank Fenchurch Advisory Partners is plotting the launch of a US office led by a former Credit Suisse director.
Bain, McKinsey and BCG outgun Big Four with huge salaries and big bonuses January 28, 2022 The Big Three consulting firms – Bain, McKinsey, and Boston Consulting Group (BCG) – are now offering considerably higher salaries than the Big Four accounting firms – EY, PwC, KPMG, and Deloitte – new figures from Management Consulted show. A tight global labour market in 2021 and stiff competition among white collar firms has caused [...]
Trader sues UBS over stress induced mental health issues September 22, 2021 A UBS Group trader is suing his employer claiming the “toxic” London work environment and “punishing workload” caused his mental health to deteriorate. Simon Rope, who has been unable to work since suffering a breakdown in 2018, is claiming upwards of £200,000 for negligence over an anxiety disorder which was caused by “the stress to [...]
Four-fifths of Londoners want to get back to the office August 23, 2020 More than four-fifths of Londoners want to get back to working from the office, the highest such proportion in the UK, City A.M. can reveal. According to new statistics from IT provider Atlas Cloud, residents of the capital are the keenest in the country to get back to office life, above an average of 74 [...]
Inside UK banks’ arms race against fintech start-ups June 8, 2024 The UK’s major banks are muscling into new areas of the fintech space as they look to keep up with a wave of young challengers and grab a slice of the lucrative market.
Land Securities losses widen with work-from-home measures May 18, 2021 Commercial property firm Land Securities has seen its full-year loss widened this morning, as its London-centric office portfolio crumbled under work-from-home measures. The FTSE 100 firm has reported a loss before tax of £1.39bn for the 12 months ending 31 March, compared with a loss of £837m the year before. The pandemic pushed many companies [...]