Blackstone backs London with new Mayfair base October 8, 2022 Blackstone will build its new European headquarters in London at its Mayfair base, in a fresh boost for the for the capital.
New nuclear power plant backed by Truss and Macron at European summit October 8, 2022 The UK's next proposed nuclear plant has received the joint backing of both Prime Minister Liz Truss and French President Emmanuel Macron.
Trust the code, not the confused October 7, 2022 Rufus Round, CEO of GlobalBlock says political systems need to adapt to the crypto and digital assets technology heading their way.
UK jobs market finally flashes cool down signals as hiring slows October 7, 2022 The UK jobs market is finally flashing slowdown signals after running hot for months after the worst of the Covid-19 crisis, a closely watched survey published today reveals. Firms are moderating hiring campaigns in response to concerns over the UK’s weakening economy and a shortage of workers. Britain is on course for a recession as [...]
£1.5bn Liverpool Street station upgrade sparks conservationists’ concerns October 6, 2022 A £1.5bn proposed upgrade of Liverpool Street station has sparked concern among conservationists. Shard Quarter developer Sellar, alongside Network Rail and Elizabeth line operator RMT, unveiled the plans today. The mixed use blueprint includes plans for up to 10 floors of office space, as well as six floors taken up by the Andaz hotel. Developers [...]
Letters: A GDPR Brexit won’t help us October 6, 2022 [Re: Donelan’s data law reform lag raises eyebrows, Oct 4] The announcement this week by culture secretary Michelle Donelan that the UK plans to replace GDPR with its own “business and consumer-friendly British data protection system” is bad news. It will only increase complexity for companies in Britain and the EU hoping to collaborate by [...]
City lawyer avoids jail after telling client to ‘burn’ evidence in Ocado case October 5, 2022 A City lawyer, who instructed his client to “burn” chat logs to prevent them from being handed over to Ocado, has avoided going to prison after being handed a substantial fine. Ex-Jones Day partner Raymond McKeeve told an IT manager at a company founded by Ocado co-founder Jonathan Faiman, Today Development Partners (TDP), to “burn” [...]
Liz Truss’s Tory Conference speech: The PM’s claims and statements fact-checked October 5, 2022 At the Conservative Party conference earlier today, Prime Minister Liz Truss gave her keynote speech, talking about her upbringing, the economic climate, and healthcare. Full Fact offered to fact check the different claims and statements for City A.M. “I stand here today as the first Prime Minister of our country to have gone to a [...]
UK exports to Ireland reach record highs despite Brexit trade frictions October 5, 2022 UK exports of goods to Ireland have now posted consecutive monthly records in June and July, according to fresh data shared with City A.M. this morning. Analysis of the latest government trade data shows £2,861m and £2,693m worth of goods travelled into Ireland through the two months respectively, as trade with the UK’s closest neighbour [...]
LondonMetric pivot towards city logistics and away from ‘big box’ retail pays off October 5, 2022 LondonMetric Property’s pivot towards city logistics spaces and away from “big box” retail parks has bolstered recent earnings and also netted the investment trust £111.4m in disposals cash. The real estate investment fund has undergone a shift into “well located long income assets” in the six months to 30 September, just as the urban logistics [...]