HSBC considers leaving Canary Wharf HQ September 29, 2022 HSBC is considering leaving its iconic Canary Wharf headquarters when its lease expires in early-2027. The bank is carrying out a review of “the best future location in London” for its global headquarters, according to an internal memo seen by Financial News. HSBC’s options include either renovating its current building or moving to another London [...]
Tech startup helps businesses to combat £9bn waste in productivity due to poor mental health September 28, 2022 12 billion workdays lost annually to mental ill-health but young entrepreneur thinks he has the solution. Mental health issues in the workplace are costing the global economy over £9bn ($1tn) due to lost productivity say international agencies. The World Health Organization (WHO) and the International Labour Organization (ILO) are calling for “concrete actions” as depression [...]
Oxford Street to slash ‘opening hours’ for Christmas lights amid energy crisis September 27, 2022 Oxford Street will lower its energy usage by two-thirds this Christmas as it lights up for the festive season. Amid the ongoing energy crisis, London’s famous light display is brightening the street with energy-efficient LED bulbs and reducing its operating hours this year. The switch on, taking place on 2 November, will illuminate the sky [...]
Despite economic gloom more than 800,000 new firms were created this year September 26, 2022 More than 800,000 new firms were created this year despite economic turmoil and grim prospects for the immediate future. Online shopping was a key driver for the 98,000 new retailers which popped up in wake of the pandemic, as Covid unleashed a wave of entrepreneurialism. Figures from private equity firm Growthdeck show 808,000 new businesses [...]
Lawyers welcome plans to boost arbitration laws to secure London’s status as leading disputes hub September 22, 2022 Lawyers have welcomed the Law Commission’s plans to amend the Arbitration Act 1996 with a view to strengthening the UK’s position as a “leading destination” for commercial disputes. The Law Commission’s plans aim to boost the cost savings, efficiency, and confidentiality benefits arbitration has over litigation, by strengthening the powers of arbitration tribunals and streamlining [...]
Addleshaw Goddard signs lease on larger London offices September 22, 2022 Addleshaw Goddard has signed a 15-year lease on new offices at the heart of London’s financial centre in a vote of confidence in the City. The City law firm is set to leave its Milton Gate offices near the Barbican for the newly refurbished 41 Lothbury building, opposite the Bank of England. Addleshaw Goddard is [...]
Cyclists form human barrier in Old Street to protest bike safety concerns September 22, 2022 Around 350 cyclists gathered in Old Street earlier this morning to protest cycling safety concerns on one of the Capital’s most dangerous routes. The Make the Lane protest was organised by campaigner groups Camden Cyclists and Cycle Islington brought traffic to a standstill along the Clerkenwell boulevard route, on the way into the City. During [...]
Exclusive: The City’s best-known headhunter on decades in the midst of the action September 22, 2022 One of London’s biggest executive search companies, Anthony Gregg Partnership, is celebrating its 20th year in business this week. Time for City A.M. to sit down with chief executive Tony Gregg to look back on the last two decades as he opens up about what the anniversary means to him and to hear what the Square Mile insider [...]
Govt sets up two-phase approach to make City ‘most competitive place for financial services’ September 22, 2022 The UK Government has set-up a two-phase approach for the City of London in a bid to make the capital “the most competitive place for financial services in the world.” Chancellor Kwasi Kwarteng will unveil an initial set of reforms in his fiscal statement tomorrow, while presenting a more comprehensive package later this autumn. Government [...]
Truss hires former energy exec as new business liaison head September 21, 2022 Liz Truss has hired former EDF Energy executive Michael Stott as new head of business liaison for Downing Street. Stott is to become Truss’s key leader of business relations and engagement strategy, Sky News learned today. He is replacing Alex Hickman who held the role for two years under Boris Johnson. The newest business figure [...]