Asset management chair William Russell elected 692nd Lord Mayor of the City October 2, 2019 William Russell, the chair of asset management firm CDAM, has been elected as the 692nd Lord Mayor of the City of London. Russell, who made his name as an investment banker at Merrill Lynch, will succeed Peter Estlin on 8 November for a one-year term. Read more: City faces a Brexit ‘nightmare’ unless a deal [...]
London’s economy resilient despite political turmoil October 2, 2019 London’s economy performed better than expected during the third quarter but a squeezed labour market troubled businesses trying to recruit staff, new figures show. Sales and orders reached their highest levels for at least a year during the period, according to a survey by the London Chamber of Commerce and Industry (LCCI). Read more: UK [...]
UK flood alerts issued as Hurricane Lorenzo comes to town October 1, 2019 Torrential downpours are set to wreak havoc in the capital today as the UK braces for the potential arrival of Hurricane Lorenzo. Read more: UK weather forecast: Showers to batter Brits until Sunday after rainfall causes travel chaos The Met Office has issued a yellow weather warning after heavy rain and thunder battered south Wales [...]
British Land gets green light for ‘exciting’ £3.3bn Canada Water town centre makeover October 1, 2019 A major south London commuter hub is set to get a £3.3bn face lift over the next 15 years, after Southwark Council granted planning permission last night for a new town centre in Canada Water. The scheme, drawn up by property giant British Land, will create 3,000 homes and accommodate 20,000 jobs. Developers hope it [...]
Man arrested after dousing himself in ‘petrol’ and carrying a lighter outside parliament October 1, 2019 Police have detained a man on Parliament Square in Westminster after he reportedly doused himself with what seems to be a flammable liquid. He was arrested at around 10.44am, the Metropolitan Police Service said on Twitter. He was sprayed with a fire extinguisher. The man was carrying a lighter and was detained under the Mental [...]
Tube delays: Severe delays hit three Tube lines as Bank station disruption begins September 30, 2019 Commuters’ mornings fell into chaos today as severe Tube delays plagued the Circle Line, District Line and Hammersmith & City Line. Transport for London (TfL) urged commuters to take alternative routes as engineers grappled with a signal failure at Bromley-by-Bow station. Read more: Bank station commuters warned of travel chaos ‘until 2022’ The incident left [...]
Alone again? Cities can drive connection in an isolated world September 30, 2019 Walking across London Bridge in the morning is to feel part of a truly connected and global city. The sheer diversity of ethnicities and languages would make it difficult to say in which country this city lay. Most buildings host coffee shops and restaurants bustling with people. Offices are increasingly occupied by small businesses with [...]
The Dragon Awards celebrate the London firms working towards a fairer society September 30, 2019 As well as being the top hub for finance, London is also fast becoming known as a leading centre for responsible business and philanthropy. I strongly believe that we must shape the society in which we want to live, and not wait for it to shape us. Last week at the Mansion House, we celebrated [...]
Uber’s regulatory wild ride: Meet the man behind the wheel September 30, 2019 Uber UK and Europe boss Jamie Heywood may have only been in the job for 18 months, but he already personifies what the company has become since its angry confrontation with London mayor Sadiq Khan. That spat over Uber’s London operations has seen the previously cavalier company grow into a firm that is careful and [...]
Jennifer Arcuri allegations are politically motivated, claims Boris Johnson September 29, 2019 Boris Johnson has claimed allegations that he gave favourable treatment to businesswoman Jennifer Arcuri during his time as London mayor are politically motivated. “Everything was done with full propriety,” the Prime Minister told the BBC this morning about his treatment of Arcuri’s firm while he was mayor. Read more: Boris Johnson referred to police watchdog [...]