Wealthy splurge £3.1bn on luxury London homes as demand recovers after pandemic May 11, 2023 London’s mega wealthy splurged £3.1bn on 161 luxury homes across the capital’s most affluent boroughs in the year to 23 March – the strongest year for London’s luxury property market since the Brexit vote. The highest number of £10 million-plus deals in London took place in Kensington, Belgravia and Mayfair, where the rich bought 73 [...]
Square Mile and Me: Katrina Cheverton talks paper rounds, City life and the push for more diversity May 11, 2023 We dig into the memory bank of the City’s great and good: this week, Katrina Cheverton, CEO of recruitment and consulting firm Savannah Group, joins City A.M. for a chat.
The Notebook: James Ashton on his new book, microchips and bullishness May 11, 2023 Book-writing novices need know one thing before putting metaphorical pen to paper: submitting that manuscript after months of toil is far from a full stop.
Virgin Atlantic hits out at Heathrow ‘failings’ as high costs delay post-pandemic recovery May 10, 2023 Virgin Atlantic said today that challenges surrounding last years passenger cap at Heathrow and ongoing economic uncertainty affected its final year results, with the airline not expecting to return to profit in 2023. In its 2022 full year results, the airline highlighted “industry wide challenges,” such as July’s 100,000 passenger limit introduced at Heathrow and [...]
Supermarkets do butter to ease soaring prices for shoppers May 10, 2023 The price of a slice of toast with butter is about to get cheaper as some of the UK’s biggest supermarkets have slashed the price of the kitchen staples following criticism over high prices. Sainsbury’s said that as commodity prices started to fall on wheat and butter, it is now able to reduce the price [...]
Sharon White: Embattled John Lewis chair survives confidence vote – just about May 10, 2023 John Lewis chair Sharon White will remain chief of the business after winning a vote of confidence on her future leadership, but remains under considerable pressure with partners voting against her performance over the last year. White secured one victory at a John Lewis Partnership meeting held on Wednesday, with a majority of partners saying [...]
City of London Police bars former chief superintendent due to ‘gross misconduct’ May 10, 2023 City of London Police has barred a former top officer from serving again after allegations of “gross misconduct” were proven. The Square Mile’s force found former chief superintendent David Clark had breached the force’s standards of professional behaviour. Clark, who resigned in 2019, was found to have forwarded emails from his official email to a [...]
Bob Bob Ricard City review: Like a hallucinogenic trip, or a warm hug, this just needs to be experienced May 10, 2023 Bob Bob Ricard founder Leonid Shutov said he wanted his recently renovated Bob Bob Ricard City restaurant to be “somewhere you’ll travel to” rather than somewhere you’d go “because you happen to be nearby.” In the capital, where half the new restaurants close within two years of opening, it’s a smart approach. ‘Make somewhere memorable’ [...]
Crypto markets shuffle sideways as traders cautiously await CPI figures May 10, 2023 The price of Bitcoin is holding steady above $27.500 today while Ethereum is trading around $1,840 as investors wait for CPI numbers.
Just Stop Oil’s Square Mile slow walk causes chaos as Bank and Moorgate brought to a halt May 10, 2023 Just Stop Oil protestors caused chaos in the Square Mile this morning with a slow walk through Moorgate and Bank, which was eventually broken up by police. The environmental group forced the closure of roads, prevented buses from getting through and led to police officers issuing a Section 12 order, forcing them onto the pavement. [...]