Drill, baby, drill: Arctic set for £230bn oil and gas bonanza with JPMorgan, Barclays and Citi piling in September 23, 2021 Oil and gas companies are set to ramp up production in the Arctic by 20 per cent in the next five years, according to a new report shared with City A.M. this morning. The main Arctic expansionists – Gazprom, Total and ConocoPhillips – are backed by hundreds of billions of pounds from dozens of City [...]
City of London exec: Hybrid working is here to stay and the Square Mile will adapt September 23, 2021 The new flexible ways of working are here to stay – and the City will adapt, the chair of City of London Corporation’s planning and transportation committee, Alastair Moss, has said. Championing the fresh approach to working life in the capital, Moss urged that although employees are seeking a better work-life balance, City office spaces [...]
Khan on climate: ‘We either take bold action now or face the consequences’ September 23, 2021 “London is at a crossroads,” London mayor Sadiq Khan is expected to say later today, as climate change can bring both flooding and soaring temperatures to the capital as extreme weather increases. In an address ahead of COP26 in November, Khan is set to warn that “time is running out” to meet the requirements of [...]
Brexit-proof: City’s share of European investment management market larger than Frankfurt, Paris and Zurich combined September 23, 2021 The City of London’s share of the European investment management market is larger than the combined total of Paris, Frankfurt or Zurich. It is by far the largest investment management hub in Europe with a market share of 37 per cent, according to new data shared with City A.M. today. The City of London and [...]
City Moves: Who’s switching jobs in the Square Mile today? September 23, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Savills adds two to Super Prime London team Savills has added two new hires to its Super Prime London Residential Development Sales team at its headquarters on Margaret Street, who both previously worked for the estate agency. [...]
Lord Mayor calls on financial regulators to focus on innovation and sustainability September 22, 2021 | City Talk Lord Mayor of the City of London, William Russell, will tonight (22 September) deliver a speech at the City Dinner at The Mansion House to an audience of senior regulators and representatives from across the financial and professional services industry. Lord Mayor William Russell will speak alongside Sam Woods, Deputy Governor of the Bank of England [...]
Sadiq Khan and London Assembly to be left ‘homeless’ as Crystal not ready for City Hall move September 22, 2021 Sadiq Khan and the 25-member London Assembly will be left temporarily “homeless”, after it was confirmed the Crystal will not be ready to become the new City Hall when the current lease runs out. Greater London Authority staff were today told they will have their offices moved to Union Street in November when the lease [...]
City boosts climate action commitment by joining Race to Zero and UK 100 September 22, 2021 | City Talk The City of London Corporation has strengthened its commitment to climate action by signing up to the Race to Zero campaign and UK100 network. The announcement will be made at the Green Horizon Perspectives event this afternoon as part of the Square Mile governing body’s radical strategy to tackle climate change. These commitments will help [...]
Startup city: Square Mile investors make London the top place after Silicon Valley for tech firms September 22, 2021 London is second only to Silicon Valley for the best place for startups to thrive, according to a definitive ranking of the world’s major tech and business hubs. The capital tied with New York in second place to the Californian area synonymous with billion-dollar valuations and tech bros – and far ahead of the next [...]
City Moves: Who’s switching jobs in the Square Mile today? September 22, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. LEXI Finance appoints former CBRE director Real estate capital advisory LEXI Finance has poached a debt advisory lead and former associate director from commercial real estate and investment firm CBRE. Joining LEXI’s Mayfair office as a [...]