‘They nailed it!’: Designers of Exchange Square by Liverpool Street Station awarded for ‘transforming’ area July 13, 2023 A new park located in Liverpool Street has won an architectural award for its efforts injecting fresh greenery and leisure space into the busy Square Mile. Exchange Square, which is situated at the back of Liverpool Street, was awarded ‘Building of the Year’ by the Worshipful Company of Chartered Architects’ (WCCA) – with the masterminds [...]
Cash still king in the City compared to rest of London but amount withdrawn almost halves July 13, 2023 Westminster and the City remained London’s biggest centres for cash withdrawals but saw a near halving in the amount of cash withdrawn over the past four years. According to figures from LINK, which operates the interbank network, the amount of cash withdrawals from the City and Westminster fell to £55m in May 2023, 49 per [...]
Oil rises above $80 per barrel for first time since April as IEA predicts record demand July 13, 2023 Oil prices are hovering above $80 per barrel for the first time since April, with the International Energy Agency predicting record demand growth.
Cineworld names Mexican cinema pro as new chief as it steams ahead with plans to exit bankruptcy July 13, 2023 Troubled cinema chain Cineworld has appointed the former president of Mexican cinema chain Cinépolis Americas as its new chief executive as it steams ahead with plans to emerge from bankruptcy. Eduardo Acuna will join newly appointed chairman Eric Foss to work together under the newly incorporated parent company set up by the group’s lenders (‘Newco’), [...]
Explainer: High Court rules agency workers regulations during strikes unlawful July 13, 2023 Companies will be prevented from hiring agency staff to fill in for striking workers, the High Court ruled today in a further blow to Rishi Sunak’s government. From August 10, employers won’t be able to recruit agency workers to fill in for striking employees. The regulations were first introduced last summer, amid a wave of [...]
Howden to sponsor British & Irish Lions shirt on 2025 Aussie tour July 13, 2023 Howden, the London-headquartered insurance group, has signed a deal to become a principal partner of the British & Irish Lions for the next four years, including the Australia tour in the summer of 2025. The insurance group, which offers broking and underwriting services across a number of brands, will become the main shirt sponsor – [...]
SEC sues Celsius and accuses Alex Mashinsky over ‘fraudulent’ crypto sales July 13, 2023 The US Securities and Exchange Commission has filed a lawsuit against Celsius Network CEO and founder Alex Mashinsky.
How London’s new stock exchange hopes to solve the IPO ‘cliff edge’ July 13, 2023 There are few more nervy moments in the life of an entrepreneur than standing atop the balcony of the London Stock Exchange, ringing the figurative bell and handing their pride and joy over to the whims of the public market.
Regenerate, not degenerate – blockchain’s central role in sustainable finance July 13, 2023 For those hard at work building in the crypto and blockchain sector, a more sustainable future beckons, says Nick Jones of Zumo.
Uniqlo owner reports record quarterly profit bolstered by Chinese demand July 13, 2023 Fast Retailing, the owner of Japanese clothing brand Uniqlo, reported a 35 per cent increase in quarterly profit today, and raised its annual profit outlook as it continues to be boosted by demand in China. Fast Retailing’s operating profit in the three months to May surged to 110.3 billion yen. Revenue for the quarter came [...]
