The Shard skyscraper has won a new letting as Mitie moves offices September 12, 2017 The Shard, one of London's most iconic skyscrapers, today confirmed office lettings totaling 39,967 square feet. Outsourcing services firm Mitie Group will become the 31st business to move into the 310-metre-high Shard in the first quarter of 2018. The company has agreed a 15-year lease to take the entirety of level 12, which is 29,824 [...]
Dress-down Friday? Dress-down every day. The City of London is becoming more casual, with bowler hats out and designer stubble in September 8, 2017 Goodbye bowler hats, brollies and polished black shoes – hello dress-down Fridays, jazzy colours and designer stubble. Dress codes appear to be falling out of fashion in the City of London. Around two-thirds of financial services employees will be allowed to travel into work in casualwear for dress-down Friday today, the results of a new [...]
Britain needs future-facing leaders, not nostalgic dinosaurs like Rees-Mogg and Corbyn September 8, 2017 Jacob Rees-Mogg – committed Brexiteer, potential contender for the Conservative leadership, and devout Roman Catholic – is against abortion and same-sex marriage. Who would have guessed? Rees-Mogg’s comments on ITV on Wednesday, especially his assertion that a rape victim should be forced to carry an unwanted pregnancy to term, raised eyebrows among the commentariat. But [...]
Twenty-one investment lessons from history September 6, 2017 | City Talk Some investors give short shrift to analysis. They position portfolios to appease outside consultants, fickle clients, or their own institutional sales force. In many cases, they just buy what feels right. Other investors drown themselves in corporate road shows, insane travel schedules, monstrous spreadsheets. and detailed company reports, completely oblivious to the lessons of [...]
Baroness Bitcoin of Arabia: Michelle Mone and Douglas Barrowman on their delve into the world of cryptocurrency September 6, 2017 Baroness Michelle Mone, and her billionaire property mogul partner Douglas Barrowman, this morning open the sale of two 40-storey residential towers spanning 2.4m square feet in Dubai. Building a huge complex in the Emirates isn’t itself remarkable – the Middle Eastern playground for the rich is peppered with luxury apartments, largely paid for in state-owned [...]
Brevan Howard US fixed income head jumps ship and heads to Barclays September 6, 2017 A top trader from Brevan Howard’s New York office has left the renowned hedge fund to head up Barclays' macro trading team. The exit comes after City A.M. revealed last week that Brevan Howard’s chief operating officer had resigned and the fund was considering headcount reductions in New York and Israel. Michael Lublinsky will start [...]
Deutsche Bank bags Tesco’s Thomas Nielsen as its new chief digital officer for global transaction banking September 5, 2017 Deutsche Bank has hired Tesco’s chief digital officer, Thomas Nielsen. The German firm said today that Nielsen, as chief digital officer for global transaction banking, will drive its “digitalisation strategy”. At Tesco, Nielsen was responsible for a portfolio of digital platforms, websites and apps, including loyalty programme Clubcard. He previously spent more than 20 years [...]
Speechwriters, take a leaf out of Donald Tusk’s book September 5, 2017 I have a crush on Donald. No, not that Donald: not the illiterate, illiberal charlatan with a knack for whiny 5am tweets. The subject of my thoughts is the President of the European Council Donald Tusk. And my crush is strictly professional: I think he is one of the most skilled communicators around. This is [...]
London ranked the most prosperous spot in the UK, but its growth is slowing against other regions September 5, 2017 London has held its position as the UK’s top spot for prosperity, but growth in the capital is lagging against a backdrop of fluctuating economic conditions and Brexit negotiations, new research suggests. Barclays Wealth & Investments’ annual UK prosperity map, which will be published today, found London’s growth was slowing across a range of indicators [...]
UK drone firm wins the backing of Japanese industrial giant Mitsui August 31, 2017 A UK-based drone company is set to receive a $4m (£3m) investment from Japanese conglomerate Mitsui. Sky Futures provides drone-based industrial inspection technology. With drones, companies can more safely inspect industrial equipment like oil rigs. The strategic partnership, to be announced today, is launched in tandem with Prime Minister Theresa May’s visit to Japan. It [...]