By: Edith Hancock

I edit The Capitalist, City A.M.'s diary. I cover the parties, gossip and lighter side of news in the Square Mile. Got a story? reach me at thecapitalist@cityam.com

The Great British Bake off starts again tonight, Check out these Square Mile spots for great afternoon tea

Afternoon tea might have a stronger reputation in the west end of town, but you can get traditional fare in the Square Mile that rivals the Dorchester. The Shard is not only famous for being really tall; it also does a famously glamorous afternoon tea. While Fortnum and Mason is putting on the highest of [...]
Good news for startups: The sharing economy is unfazed by Brexit according to PwC, and could bring £140bn to the UK by 2025

The UK's sharing economy could boom to 20 times its worth in just 10 years, according to PwC. The UK's sharing economy sector, which include peer-to-peer lending platforms and crowdfunding sites like Kickstarter, car sharing apps such as Uber, car rental firms and music streaming services like Spotify, is currently worth around £7bn. The audit firm said [...]
As investors look to gold as a safe haven in the aftermath of Brexit, Randgold chief exec Mark Bristow lives on the wild side by motorbiking across Africa

As the pound's value continues to drop Investors have been looking to gold as a safe haven since the referendum on Thursday. Mining may be a safe bet for now, but one risk-taking exec in the industry prefers to live on the wild side as he wraps up his motorbike tour of Africa. Randgold Resources chief executive Mark [...]

EU Referendum: Dating app Remainder lets pro-EU voters find love after Britons vote for a Brexit

June 27, 2016

The result of Thursday's EU referendum divided the British public, and the 48 per cent of voters who backed Remain need love now more than ever. It seems that Brexit has torn love lives apart, and those who backed Remain won't open their hearts to Leave voters. A market analyst for City firm Ampere tells [...]
EU Referendum: Ukip donor Arron Banks “apologises” after celebs hit out at Leave.EU for taking comments out of context to boost Brexit campaign

June 27, 2016

Leave.EU co-chairman Arron Banks doesn't mince his words. The Brexiteer extended his "heartfelt apologies" to everyone from the Electoral Commission to Victoria Beckham after campaigners were accused of taking statements out of context to persuade Britons to vote to leave the European Union. "Leave.EU has upset quite a few people", said a statement seen by City A.M. on Monday. "So [...]
Slim cyber silver lining for Barclays as the lender’s techies flee Brexit all-nighter for the Cyber Security Awards

June 27, 2016

Not everyone at Barclays is having a bad start to the week. Suffice it to say, things aren't going well for the lender right now. It was suspended from trading on Monday after share prices fell more than 18 per cent as the fallout from last week's Brexit vote continues. As most financial services firms watched the results come in on Thursday with baited [...]
China and Britain’s financiers take a break from Brexit in Canary Wharf’s Dragon Boat Festival

June 26, 2016

Investors from London to China have been busy this weekend following the economic aftermath of Brexit, but Chinese diplomats and business figures have taken Sunday off to do battle with City high-rollers in Canary Wharf's annual Dragon Boat Festival. Over 40 teams including staff from auditors EY and PwC, City law firm DKLM, the Chinese Embassy, the Hong Kong Society [...]
Labour deputy leader Tom Watson may be having the worst festival hangover of his life as he returns from Glastonbury early to address the party’s leadership crisis

June 26, 2016

Deputy Labour leader and regular on the festival circuit Tom Watson picked the wrong weekend to let loose. As Labour's top ministers revolt against party leader Jeremy Corbyn following a vote of no confidence, Watson is en-route back to London after partying until 4am at Glastonbury festival. It was a boozy Saturday for the politician. Watson live-blogged his day at [...]
EU Referendum: Free market think tank thinks the Norway Model is the “safest way out” of the EU post-Brexit

June 26, 2016

As plans are set in motion for the UK's break from the EU, the "safest way out" is to become a member of the European Economic Area (EEA), a free market think tank has said as a British trade deal could take years. The Adam Smith Institute (ASI) has said that a sharp break from the EU would [...]
Civil servants are massive Glastonbury fans, as HM Revenue and Customs can expect £1.25m in VAT from the festival

June 23, 2016

Accountants know how to live. While the North London's hipsters are fleeing town for their yearly pilgrimage to Glastonbury, the far from hip North London office of accountants MHA MacIntyre Hudson has been enjoying the festival season the only way bean-counters know how – calculating how much the government can expect in VAT from revellers' purchases [...]

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