Who could take over from the CBI? April 24, 2023 Britain’s biggest business organisation, the CBI, has been engulfed by a toxic scandal which threatens to see it collapse. Allegations of rape, sexual attacks and harassment have seen the Confederation of British Industry’s (CBI) brand damaged “beyond repair”, according to one business leader. A flood of firms announced they were quitting the lobbying group, which [...]
‘Shocking’: Driver caught on CCTV running down group by Leadenhall Market jailed for seven years April 14, 2023 A BMW driver caught on “shocking” CCTV footage driving at a group of brawlers in the heart of the City of London has been jailed for seven years. Two men were hurt when they were hit by Bristan William’s car on Leadenhall Street on the evening of July 26 last year. William had been seen [...]
Liverpool Street redevelopment: Project secures support of key London business body April 12, 2023 A key business body has shown its support for the £1.5bn redevelopment of Liverpool Station as it calls for greater measures to streamline access to London’s financial hub. The City of London Chamber of Commerce said this morning that it has decided to back the redevelopment of Liverpool Street Station, which could potentially see new [...]
London IPO market slows to a crawl in 2023 as analysts warn ‘challenging’ times to come April 11, 2023 London managed only five IPOs in the first quarter of 2023, raising just £81m as the City’s flagship exchange struggles to attract new participants. The main market saw only two IPOs, from Dar Global and Streaks Gaming. The two IPOs raised a combined £63m, with £60m of that coming from luxury real estate firm Dar [...]
City of London chiefs: We’ve lost our undisputed global finance crown March 30, 2023 THE CITY OF LONDON CORPORATION’s annual report into global financial centres has for the first time put New York joint-top alongside the capital – with a warning that the Square Mile’s competitive advantage is “at risk.” According to the updating ranking compiled by the body which governs the City, London – which had come top [...]
‘The UK has real strengths’: Deutsche Bank CEO Tiina Lee on Brexit, the City of London and Edinburgh reforms March 24, 2023 The City of London has been facing a crisis in confidence recently with a string of stories suggesting London no longer holds its edge as a world-leading financial sector. But despite hand-wringing in the City – particularly following ARM’s decision to list in New York – Deutsche Bank UK’s CEO Tiina Lee cautioned against this [...]
New 32-storey building to tower over iconic Leadenhall Market and showcase City of London’s Roman past March 21, 2023 Plans to build a 32-storey tower over the City’s iconic Leadenhall Market have been given the green light by city planners. The City of London Corporation’s planning applications sub-committee approved plans this week for the new tower that will house 27,000 sq m of new office space and will look to boost the Square Mile’s [...]
Square Mile embraces hybrid working and tourism as post pandemic planning applications soar 30 per cent March 14, 2023 The Square Mile experienced a 30 per cent spike in planning applications during the pandemic, as investor confidence return to the City of London. The Museum of London, and new HQs for the City’s police and law firm Hogan Lovells were among the 56 applications submitted between 2020 and 2022, it has been revealed. The [...]
Law firms help drive record demand for London office space February 23, 2023 Law firms, accounting firms and consultancies acquired a record 2.5m sq ft of central London office space in 2022, following a boom in the professional services sector’s revenues. London’s top services firms took up 50 per cent more office space last year than in 2021, as the sector capitalised on an “unprecedented” surge in demand, [...]
Chancery Lane to be closed off to cars for 18 months as Square Mile experiments with pedestrian only route February 13, 2023 Chancery Lane will be closed off to cars for the next 18 months as the City of London experiments with a scheme to support pedestrians more. Sandwiched between Holborn and Fleet Street, the Square Mile’s historic road will have no access for cars after 20 February. For 18 months, traffic restrictions will apply from 7am [...]