London Cypriots to get visit from President in ‘brain gain’ push May 15, 2025 The President of Cyprus will visit Cypriot citizens based in London next week offering them generous tax incentives to return home. The relocation push – dubbed the ‘Brain Gain’ – is backed up with pledges of help with education, housing and free healthcare to lure skilled workers among Britain’s 300,000-strong diaspora back to their home [...]
Secure Trust bolsters lending as it ‘monitors’ global turbulence May 15, 2025 Specialist lender Secure Trust Bank delivered an upbeat first-quarter trading statement on Thursday with growth across lending and deposits. The London-listed lender posted a 3.2 per cent quarterly increase in its net lending to £3.7bn. This was up 10.5 per cent from the first quarter of 2024. The firm said its business finance and consumer [...]
India-Pakistan, England cricket chiefs and sport’s moral compass May 15, 2025 The ECB will be grateful that it has not yet had cause to reach for its moral compass in the India-Pakistan conflict, writes Ed Warner. I was in Paris at the 2022 Wheelchair Rugby Euros when Russia invaded Ukraine. The very next day’s results show Russia beating Poland 1-0. This in a sport in which [...]
‘Investment magnet’ financial services injected £281bn in UK economy May 15, 2025 Financial services injected £281bn into the UK economy and accounted for around 2.5m jobs, according to a new industry-led report. The sector, which is an essential component of business in the Square Mile and manages trillions of pounds in assets, has had to steer through several rocky years of Brexit negotiations, a pandemic and tariff [...]
Sadiq Khan’s green belt U-turn is an admission of failure on housing May 15, 2025 Sadiq Khan is spinning his plan to build on London’s green belt as a “radical change of approach”, but it’s nothing of the sort. It will have a very limited impact on housing starts during this mayoral term and may only add to the political heat around house building, says James Ford Margaret Thatcher famously [...]
Green belt homes ‘needed’ to solve housing crisis, Sadiq Khan says May 15, 2025 London is suffering a chronic housing shortage. Lacklustre rates of housebuilding have helped push up the cost of a home to well beyond the reach of ordinary Londoners. The price of an average terrace house in Camden has roughly tripled compared to twenty years ago to more than £1.5m today, Land Registry data shows, while [...]
The Capitalist: This isn’t just blackmail, it’s M&S blackmail May 15, 2025 Embarrassing Ed Miliband, dream dinner party guests and window taxes, catch up with the latest gossip from the Square Mile M&S is clearly playing by the book in its response to the crippling cyber attack launched on its systems over Easter, with talk of a £100m insurance claim to help them get over the losses. [...]
Mark Kleinman: BP bid may be more likely from Exxon than Shell May 15, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column BP bid may be more likely from Exxon than UK rival Shell Takeover rumours in the London market don’t come with a more spectacular veneer than when they’re attached to BP. Unfortunately for Murray Auchincloss, the [...]
Picking the perfect wine for the City AM Awards May 14, 2025 The City AM awards was buzzing last week as titans of industry and charity, tech entrepreneurs, hospitality bigwigs and global leaders of finance stepped onto the red carpet and into the vaulted rooms of Guildhall. A band played as I swigged fizzing cold Crémant with the Naked Wines team before being gathered into the main [...]
Sir Keith Mills backs rival British basketball league GBBL May 14, 2025 The proposed operator of a controversial new British basketball league, GBBL, has announced heavyweight backing from Sir Keith Mills and hopes to establish teams in London, Birmingham, Liverpool and Edinburgh. Mills, a key figure in securing and running the London 2012 Olympics, and US fund WestRiver Group have been named partners of GBBL, which was [...]