This gorgeous timelapse footage shows the City’s skyline from the Cheesegrater as day fades into night – plus what it’s like to be a lift in the skyscraper April 14, 2016 With thousands of people rushing to go about their daily business, the City's streets may be a pretty frenzied place to spend our days – but a new video shows that above the Square Mile's streets, things are rather more peaceful. This 24-hour timelapse, taken from the Cheesegrater in honour of it being awarded the City of [...]
Developers just won approval to turn this iconic London tower into luxury flats April 13, 2016 Just what London needed: more luxury apartments. Yes: at a planning meeting last night, billionaire property developers David and Simon Reubens won planning permission from Westminster City Council to turn London's iconic Millbank Tower into hundreds of luxury homes. The tower, which has previously housed the United Nations and the Office for National Statistics' predecessor, [...]
Tracey McDermott to leave the Financial Conduct Authority April 13, 2016 The Financial Conduct Authority (FCA) has announced Tracey McDermott, its acting chief executive, will leave at the beginning of July. In a statement today it said McDermott, who was appointed as acting chief exec in September, will leave when Andrew Bailey takes up the full-time role later this year. In December last year McDermott pulled out [...]
Groan. Here’s the definitive ranking of the world’s worst jobs April 13, 2016 We've all made bad choices in life, but some are worse than others. Thus, it is with great regret City A.M. is forced to report that newspaper reporter has, once again, topped a ranking of the world's worst jobs. We're just going to take a minute to digest that. The ranking, by CareerCast, blamed "low salary, [...]
The Financial Conduct Authority wants to alter the IPO process – potentially changing how the blackout period works April 13, 2016 Alright, so the IPO market may not exactly be booming at the moment – but the UK's financial watchdog thinks it needs to be more tightly regulated all the same. In an interim report published today, the Financial Conduct Authority (FCA) has put forward a package of measures aimed at putting an end to "potentially anti-competitive [...]
The Brixton Pound now has a cash machine – but opening hours may be a problem… April 12, 2016 There we were, thinking local currencies had been replaced by bitcoin hysteria. But it turns out one local currency is soldiering on – and has now gone as far as to get its own cashpoints. Today the creators of the Brixton Pound unveiled their latest innovation – an ATM. But there's one significant drawback: the [...]
London house prices actually fell last month – but Londoners need a six-figure salary to afford to buy a home April 12, 2016 Another day, another set of house price figures – but this time there's a bit of good news for those struggling to afford a home. Yep – house prices in the capital actually fell in February on the month before – dropping to £524,000, from £540,000 in January. But house prices can be volatile – [...]
Now people want to move the Houses of Parliament to Bristol as the Palace of Westminster undergoes a £5.7bn restoration April 12, 2016 First of all we were going to move the Houses of Parliament to Hull – now the nation's politicians are heading off to the Westcountry, if one design studio gets its way. Yes, Bristol-based architect Studio Egret has come up with a new design for the Houses of Parliament – nestled in next to Bristol's Templemeads station. This [...]
De Beers insists demand for rough diamonds is as sparkly as ever April 12, 2016 It seems the demise of diamond sales has been greatly exaggerated, after De Beers published figures showing it made $660m (£463m) in its last sales "cycle". The figures are part of a new drive for transparency at the world's largest diamond producer, which began publishing figures on its 10 annual sales cycles in February in response to [...]
Now Jeremy Corbyn has published his tax return too (but what is Surrey income?) April 11, 2016 Anyone into the affairs of the nation's most powerful must be in ecstasy today: after David Cameron published details of his tax return yesterday and George Osborne waded in this afternoon, now Jeremy Corbyn has got involved, with details of his income. It's not very exciting, mind. Even as the Labour leader went head-to-head with the [...]
