EU referendum: Vote Leave confirms Labour MP Gisela Stuart as chair, with other top jobs for justice secretary Michael Gove, mayor of London Boris Johnson and former BCC boss John Longworth March 13, 2016 Vote Leave has confirmed that justice secretary Michael Gove will co-chair its campaign committee with Labour MP Gisela Stuart, with mayor of London Boris Johnson, former British Chambers of Commerce (BCC) boss John Longworth and Ukip spokesperson Suzanne Evans also getting top jobs at the eurosceptic campaign. It was first reported last week that Gove was being [...]
Network Rail considering selling 18 major stations including London Waterloo, Paddington and Birmingham New Street March 11, 2016 The chief executive of Network Rail, Mark Carne, has revealed he is considering selling off 18 major stations including London Waterloo, Birmingham New Street and Paddington in order to cut debt and break up what he described in the interview as a "Kremlin-type model". Carne said there would potentially be a £1.8bn sale of 7,500 other properties, including [...]
The best off the beaten track art shows in London March 10, 2016 Harmony Korine: Fazors Gagosian Davies St Harmony Korine may be best known for his lurid, colour-drenched films such as Spring Breakers and Gummo, but he’s also an established artist. This exhibition, “Fazor”, refers to “a musical swirl of oscillating sound that summons the hypno-psychedelic effects”. The result is a collection of jarring, hypnotic pieces based [...]
London mayoral election 2016: Ukip accuses business groups of “laziness and inertia” after not including pro-Brexit mayoral candidate Peter Whittle in business hustings March 10, 2016 Ukip has accused Britain's biggest business groups of "laziness and inertia" for not including the eurosceptic party's candidate for mayor of London in a major hustings event. Peter Whittle, the Ukip candidate to replace Boris Johnson as mayor of London, was not invited to take part in the London business mayoral hustings tonight, jointly organised by the Confederation [...]
Eggsclusive: We use the Walkie Scorchie light beam to fry an egg September 3, 2013 The developers of the Walkie Scorchie skyscraper – aka 20 Fenchurch Street – had hoped their building would be known for its striking design and its blue chip clients. But instead City A.M. has revealed how the building has begun emitting a curious ray of light, started melting cars, set a carpet on fire and cracked [...]
London and New York need each other July 21, 2008 Much fuss is made about the “lead” or “lag” that London shows vis-ą-vis New York in the financial and business sector. Whenever studies such as the Global Financial Centres Index report is published, many commentators pore over the tables to see by what degree London or New York is ahead. This misses the point: more [...]
This crisis shows what lies in wait for the rest of the City July 14, 2008 While Dawnay Day is no household name, the crisis that has engulfed the privately-owned investment giant in recent days will be remembered as a key milestone in the credit crunch. A perfect microcosm of the unravelling of the great financial boom of the noughties, Dawnay’s woes are being followed especially closely by London’s huge Mayfair-based [...]
City law firms beat the crunch July 9, 2008 The City’s biggest law firms look set to beat the credit crunch, topping revenues of £1bn last year. All four of the firms that make up the “magic circle” posted earnings over £1bn and showed double digit growth, with Clifford Chance holding the top spot as the world’s largest law firm with revenues of £1.33bn, [...]
London nears fresh fall into bear territory July 7, 2008 The City is bracing itself for possible entry into bear market territory this week, after the FTSE fell 41.7 points to 5434.9 by midday on Friday, and saw the psychologically-important 5,400 level broken in the final hour. With the words “negative”, “topsy-turvy”, and “recession” dominating reports on the market at the end of last week, [...]
FSA clamps down on CFD investors July 3, 2008 Rules forcing contract for difference (CFD) holders to disclose long positions of three per cent have had a mixed reaction in the City. A clampdown by City watchdog the Financial Services Authority (FSA) has long been anticipated due to fears that investors are using CFDs, which give exposure to a share for a fraction of [...]