Sport in 2025: A rallying cry to London, Mayor Khan and Londoners January 2, 2025 For at least the past five years it has felt as if London was disappearing off the global sporting stage. The capital may boast the Home of Cricket, 17 professional football clubs and five stadiums with a capacity of over 50,000 but huge sporting events have sought refuge in the likes of Saudi Arabia, the [...]
1 Undershaft: City approves Square Mile’s tallest tower December 13, 2024 The City of London has approved the planning application of 1 Undershaft, which upon completion, will be the tallest tower in the City while matching the Shard
FTSE bosses should be paid like top footballers, says ICAP founder December 11, 2024 Bosses of London-listed firms should be paid like the best footballers without facing a backlash, Michael Spencer has argued. The founder of brokerage ICAP and former Conservative party Treasurer said that to attract top talent to run major companies, the UK needed to tackle the “political hot potato” of FTSE bosses’ pay. “We don’t mind [...]
City lawyers gear up for US firms’ bonus season amid pay war December 10, 2024 Lawyers at US law firms across the City are poised to receive their bonus payouts following another year of fierce competition in the industry. In a year that saw US law firms Quinn Emanuel and Gibson Dunn and Paul raise their pay for newly qualified lawyers to £180,000, the salary battle shows no signs of [...]
Belfast is a fintech powerhouse. The City can gain from its expertise December 9, 2024 As the number one city in the world for fintech inward investment projects, Belfast can help boost the City, writes Alastair King.
City of London approves plans for new skyscraper near Walkie Talkie December 6, 2024 The City of London has approved plans to build a “landmark” 36-storey tower near Liverpool Street. The proposals for the £500m tower, located at 60 Gracechurch Street, were first put forward in April by the UK property developer behind The Shard, Sellar, and Japanese developer Obayashi. The developers had said the construction will start in [...]
Ian King quits Business Live and will leave Sky News in Spring December 6, 2024 Presenter Ian King has quit Business Live and will leave Sky News early next year, it has been announced. King has been with the news channel for ten years and has “agreed to contribute analysis and reporting” to Sky News’ website over the coming months ahead of his departure. The move comes after City AM [...]
City of London approves Barbican Centre regeneration ahead of 50th anniversary December 6, 2024 A £191m funding package has been approved to repair and upgrade the Barbican, the City of London’s flagship cultural and performing arts centre. The City of London Corporation approved the package yesterday, and construction on the Barbican Centre will begin in 2027. The package will fund 80 per cent of the first phase of the [...]
Former City minister quits Westminster group over scathing FCA report December 4, 2024 The former City minister John Glen has quit a cross-parliamentary group on fairer finance after it released an incendiary report on the Financial Conduct Authority (FCA) accusing it of “incompetence”. In a letter to the Financial Times, Glen, who served as City minister between 2018 and 2022, said he was “dismayed” by the report and [...]
French turmoil could be a boost for the City of London, says top lawyer December 3, 2024 Political turmoil in France and geopolitical tensions between China and the US are showcasing the UK’s status as an “independent financial centre” and destination for international IPOs, a leading capital markets figure has suggested. Mark Austin, a lawyer at Latham & Watkins who has masterminded many of the City’s reform efforts over the past two [...]