London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
Manchester tops list of best UK cities to be a landlord June 4, 2018 Manchester is the best city in the UK to invest in real estate, according to price comparison site Gocompare. According to Gocompare, Manchester had the UK’s highest average yield at 5.55 per cent, followed by Leicester and Cardiff. The company ranked cities across the country based on criteria like average property price and rental yields, [...]
House of Fraser denies rumours of CVA showdown June 4, 2018 House of Fraser has insisted its restructuring plan is "on track" despite reports suggesting its landlords could block the plans. The retailer is expected to close a swathe of its stores under a company voluntary arrangement (CVA), the same mechanism used by New Look and Mothercare among others. But some creditors are understood to be [...]
Mothercare subsidiary Childrens World fails to get CVA approval June 4, 2018 Part of Mothercare's restructuring plans has been put to a halt after it emerged that it did not get full support from creditors. Shares in the company fell 6.5 per cent after lunchtime when the announcement was made. Last week creditors voted to approve Mothercare's company voluntary arrangement (CVA), which is likely to result in [...]
Doubts grow over the UK’s preferred post-Brexit model for financial services June 4, 2018 The government's preferred post-Brexit trading model for the City remains uncertain amid growing concerns that Brussels is not prepared to compromise. Mutual recognition, the post-Brexit system heavily promoted by the financial services sector as well as Whitehall, has failed to win the support of EU chief negotiator Michel Barnier. One Square Mile source familiar with [...]
Govia Thameslink Railway rolls out amended timetables on Thameslink and Great Northern to tackle rail timetable chaos June 4, 2018 Southern rail parent company Govia Thameslink Railway said today it is rolling out amended timetables across Great Northern and Thameslink as it looks to tackle rail chaos brought from a mass timetable shake-up. GTR's network includes Southern rail, Thameslink, Great Northern and Gatwick Express. GTR said an amended timetable was in operation today, and has [...]
Turning a new page – how book marketing is changing June 4, 2018 ONE MIGHT think that with the rise of smartphones, the growing popularity of on-demand entertainment from the likes of Netflix, and headlines about Amazon eating the lunch of the high street bookshop, the UK book publishing industry might be in trouble. In fact, the most recent figures from the Publisher Association show that the sector [...]
Euribor developer says it was ‘natural’ for banks to consider their commercial interests in rate submissions June 4, 2018 A senior executive responsible for developing the Euro Interbank Offered Rate (Euribor), which became the centre of a rigging scandal, has said it was "just natural" for traders to take into account their banks' commercial interests when submitting rates into the market. Helmut Konrad, a former president of the ACI in Germany who helped [...]
Who are the City’s best paid lawyers and what are they taking home? June 4, 2018 When private equity partner David Higgins started his new role in the City office of US law firm Kirkland & Ellis in April, he came with the weight of expectation generated by a reported $10m (£7m) salary. Higgins’ salary, which works out at nearly $200,000 per week, is almost unprecedented in the London legal market. [...]
How the founder of Push Doctor hopes to take the stress away from the NHS June 4, 2018 Nowadays, it’s rare to hear any mention of the NHS without the word “crisis” trailing closely behind. Increasing patient numbers and the worst winter period on record have left the NHS bowing under the pressure. A recent report from the Institute of Fiscal Studies and the Health Foundation said taxes would have to increase by [...]
Exclusive: Doubts grow over UK’s preferred post-Brexit model for City June 3, 2018 Uncertainty is growing over the City's preferred post-Brexit trading model for financial services, amid growing concerns that Brussels is not prepared to compromise. Mutual recognition, the post-Brexit system heavily promoted by the financial services sector as well as Whitehall, has failed to win the support of EU chief negotiator Michel Barnier. One Square Mile source familiar with [...]