Tipping point? City grandees say Square Mile could be set for Big Bang 2.0 September 12, 2023 The City of London is at an "inflection point," with nearly two thirds of financial services leaders warning that the City's star will wane without intervention.
Westminster’s alleged spy for China says he is ‘completely innocent’ September 11, 2023 The parliamentary researcher arrested on suspicion of being a spy for China has insisted he is “completely innocent”. The man said he had spent his career highlighting the “challenge and threats presented by the Chinese Communist Party”. The arrest under the Official Secrets Act led to the Prime Minister confronting Chinese premier Li Qiang at [...]
City could inject £225bn into the economy after regulation refresh, top firms claim September 7, 2023 The City could inject an extra £225bn into the economy if regulators strip back red tape around financial services and unleash a wave of pension capital into the economy, a group of top firms have claimed.
London business confidence hits highest level since May last year August 31, 2023 Business confidence in London surged to its highest level since May last year, as firms around the country were increasingly optimistic about the UK economy. Business confidence in London rose 20 points during August to hit 52 per cent, according to the latest Lloyds Business Barometer. Some 56 per cent of firms were confident in [...]
Sadiq Khan ‘shelves plans to charge fossil fuel cars driving into central London’ amid Ulez furore August 30, 2023 Sadiq Khan has shelved plans to potentially charge all combustion-engined cars driving into central London, it has been reported, after he spent Tuesday defending the expansion of the ultra-low emission zone (Ulez). Proposals outlined in the Mayor’s 2018 transport strategy for a “zero emission zone” in the heart of the capital have been dropped, the [...]
It’s not me, it’s you: Jassy warns Amazon staff it might not work out if they’re working from home too much August 29, 2023 Amazon chief executive Andy Jassy told workers “it’s probably not going to work out for [them]” if they don’t accept the company’s three-days-in-the-office mandate. “It’s past the time to disagree and commit,” Jassy reportedly said in a meeting last week, referred to internally as a ‘fishbowl’. “And if you can’t disagree and commit, I also [...]
‘Don’t be a TWaT’: Goldman orders staff to ‘work in the office five days a week’ August 23, 2023 Goldman Sachs has reminded its employees to come into the office five days a week as banks continue the fight to get staff back into the office. The Wall Street giant led the way in demanding that employees come back into work after the pandemic. Boss David Solomon has previously described homeworking as an aberration. [...]
From Jamie Oliver to Jeremy King and Jason Atherton: Top restaurants opening in London in 2023 and beyond August 23, 2023 London may be in that strange, midsummer quiet period but the restaurant industry is already gearing up for the autumn rush, with some of the most exciting launches since the pre-Covid times lined up over the coming months. Whether it’s the iconic The Wolseley opening its second venue on King William Street in the City, [...]
From train robberies to ‘Hi Mum’ texts, we are fighting an ever-changing face of fraud August 7, 2023 We've almost all received a "hi mum" message trying to defraud us, but for the victims who fall for the scammers, we must have a safety net, writes Chris Hayward.
FTSE 100 close: Soft Lloyds Bank results spark sell off as Natwest tumbles after Alison Rose exit July 26, 2023 London’s FTSE 100 was dragged down today by investors ditching shares in Britain’s biggest banks after Lloyds posted a soggy set of results that dampened market sentiment. The capital’s premier index fell 0.19 per cent to 7,676.88 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK [...]