Accountancy boss sentenced for offering non-existent jobs in the City and Canary Wharf October 1, 2021 The director of a London-based company that offered jobs via an online recruitment website has been given a suspended sentence for his part in a fraud that saw job applicants apply for positions that didn’t exist. Wemba Akobola was sentenced to 18 months’ imprisonment, suspended for 18 months, according to a statement from the City [...]
City of London elects Vincent Keaveny as next Lord Mayor September 29, 2021 The City of London’s next Lord Mayor, who acts as a global spokesperson for the business hub, has finally been named. Vincent Keaveny has been elected today as the 693rd Lord Mayor of the City, who will step into the role on November 12. During his upcoming one-year term, Keaveny is set to lead business [...]
Extinction Rebellion target the City, with Guildhall and StanChart doused in paint August 27, 2021 In the group’s fifth consecutive day of action Extinction Rebellion (XR) activists have vandalised Guildhall and the headquarteres of Standard Chartered. In a video shared on Twitter police could be seen clashing with protestors as the green rabble rousers painted red streaks and pressed handprints onto the bank’s main entrance. Activists also targeted the Guildhall. [...]
Oops: Traffic chaos mounts after Tower Bridge gets stuck open August 9, 2021 The moving elements of Tower Bridge remain stuck in the raised position tonight, shutting down one of the main road arteries across the Thames. The Bridge was raised to allow a sailboat passage along the river, but the bridge’s bascules this afternoon became lodged in the raised position. The technical fault last occurred in August [...]
City Corporation urges firms to support its socio-economic diversity task force July 28, 2021 The City of London Corporation is calling on financial and professional services firms to encourage their networks and employees to support its socio-economic diversity task force. At a virtual meeting, City Corporation policy chair Catherine McGuinness asked individuals and organisations to get involved by being informed and using their influence to raise awareness of the [...]
Women on City board seats up by more than a third since 2016 July 19, 2021 Women hold 39 per cent more positions on boardrooms than they did five years ago, according to a report by New Financial. The think tank published its evaluation of the impact of a government effort to increase gender diversity in the City’s financial services firms. The proportion of women sitting on boards across the UK [...]
City of London Corporation chief says 19 July will ‘restore vibrancy’ in capital July 13, 2021 The City of London’s local authority welcomed the government’s announcement that “Freedom Day” will go ahead next week, helping the capital to bounce back from the pandemic. Catherine McGuinness, the City of London Corporation’s policy chair, said: “This is a light at the end of the tunnel for the many City businesses desperate to return [...]
Insurance chief Nick Lyons picked as new Lord Mayor of London July 7, 2021 Insurance bigwig Nick Lyons has reportedly been appointed as the next Lord Mayor of London after a secretive election in the Square Mile. Lyons, who is chairman of insurer Phoenix and a board member of Bupa, is said to have been picked for the role last night by the City of London Corporation’s Court of [...]
City of London Corporation unveils plans for startup hub at City Place House July 1, 2021 The City of London Corporation this morning announced it has resolved to grant planning permission for Great Portland Estates’ redevelopment of City Place House into a 13-storey office structure that will include affordable space for small businesses and startups. The redevelopment, which will be overseen by Great Portland Estates, will be redeveloped into a 44,500 [...]
‘Grave concerns’ over multi-million pound cuts to City of London Police June 28, 2021 The City of London Police Federation pushed 125 elected representatives to pressure the City of London Corporation to rethink £2.3m of cuts to the force. In a letter sent to 25 aldermen and 100 councillors in the City, chairman of the City of London Police Federation Mike Reed said the body had “grave concerns” over [...]