City broker Britannia Global Markets cancels LME membership following March nickel price fiasco June 9, 2022 Derivatives broker Britannia Global Markets has said it is giving up its membership to the London Metal Exchange (LME), after the London market halted nickel trading in March in response to surging prices. Britannia said it had decided to cancel its Category 2 membership to the LME, which allows it to trade on behalf of [...]
Leaders right to call on government to reset relationship with London May 30, 2022 Londoners are not typically known for their patience, but in truth the leaders of this city have shown a remarkable ability in recent years to bite their tongue amid unprecedented attacks on the capital. That patience appears finally to have worn thin, at least judging from last night’s speeches at the Mansion House from both [...]
Lawyers must work 2,400 hours a year to get coveted partner promotions, Hogan Lovells chief says May 25, 2022 The head of City of London law firm Hogan Lovells has told staff they are expected to work at least 2,400 hours a year if they expect to rise to partner level. In a memo sent out to staff, chief executive Miguel Zaldivar said “success typically means” making an “all in commitment” to the firm, [...]
City of London’s annual Beerfest returns in aid of five good causes May 24, 2022 The City’s annual Beerfest returns to historic Guildhall yard, with visitors able to sample 30 different ales in support of five good causes . British beer-makers will be on show at the 7 July event alongside low alcohol and vegan products, as-well-as having food and live music on offer. The eighth event held by the [...]
Square Mile to celebrate Queen’s platinum jubilee with Commonwealth Games baton relay May 24, 2022 The Square Mile will celebrate the Queen’s platinum jubilee this weekend with a baton relay ahead of the Commonwealth Games. Her Majesty will be honoured during an afternoon of sport-themed activities hosted at Paternoster Square, next to St Paul’s Cathedral, on 4 June. The event, beginning at midday, marks the closing stages of the baton’s [...]
Money maker: Traffic camera at Bank Junction makes £15m in fines in three years May 20, 2022 The traffic camera at Bank Junction has made £15.2m in fines between 2018 and 2021. According to a FOI request by Bloomberg News to the City of London Corporation, in 2021 fines at the junction amounted to £3.2m – 40 per cent of all penalties levied in the City during the year. Drivers in fact [...]
Police charge man over murder near St Paul’s Cathedral May 16, 2022 City of London Police have charged a man over the murder of Emmanuel Odunlami near St Paul’s Cathedral. In a statement today, the force said detectives investigating the murder of Emmanuel Odunlami have charged a man, naming him as Quincy Ffrench-Yethman, 26, of Foyle Road, Tottenham. He was charged on Monday 16 May 2022 with [...]
Audit giant Mazars ups size of London offices with new City premises next to Old Bailey court May 9, 2022 French auditor Mazars is set to move into new City of London premises after setting out plans to expand the size of its office space by 10 per cent. The accountancy firm is set to move from its current offices in Tower Bridge House to new, larger City of London premises at 30 Old Bailey. [...]
City of London backs plans to ‘design out suicide’ from skyscrapers April 29, 2022 Plans to “design out suicide” from the Square Mile’s skyscrapers have been approved by the City of London. The Corporation’s planning committee backed advice in a paper about preventing deaths in high rise buildings, using methods which designers should take on. According to EGI, developers will have to take suicide prevention measures into “material consideration [...]
Former Citibank exec named head of City of London police force’s insurance fraud unit April 26, 2022 The City of London police has named a former Citibank exec as the head of its crack unit dedicated to tackling insurance fraud. Detective Chief Inspector Tom Hill, who joined the City of London police more than 15 years ago from his previous role as a project manager at Citibank, is set to lead the [...]