The City View: Faith in the City of London – from Roman temples to Wren masterpieces June 22, 2020 In this episode Christian is joined by photographer Niki Gorick whose new book, Faith in the City of London, explores the history and diversity of the Square Mile’s places of worship. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS From Roman temples to Wren masterpieces, the history of faith in the City stretches back thousands of years but [...]
FTSE 100 rise as retail sales start to bounce back June 19, 2020 The FTSE 100 solidified this week’s gains on hopes of a swift economic recovery, after figures released this morning showed retail sales beginning to bounce back. London’s blue-chip index opened 26 points higher – 0.43 per cent – to 6,250 points, as investors began to digest a fresh round of economic data. By the afternoon, [...]
Let retail investors help aid a rapid recovery June 19, 2020 Since lockdown began, there has been a trend of companies acting to build up their reserves through equity fundraises — with over £10bn raised since the pandemic began. However, the vast majority of these fundraises have so far not been open to retail investors. While companies urgently need liquidity now more than ever, neglecting to [...]
Crypto AM turns two years old today – One week, four anniversaries! June 18, 2020 Two years ago on the 18th June the first edition of Crypto AM was published in London’s City AM newspaper as a double page spread. With Crypto AM as a weekly feature, City AM became the only mainstream publisher to do this, thus providing an educational voice for the industry to share knowledge with the [...]
Sadiq Khan urges PM to make face masks compulsory in shops as well as public transport June 18, 2020 Sadiq Khan has urged the government to force people to wear face masks in shops and other confined public spaces. The mayor of London wrote to Prime Minister Boris Johnson this morning, calling for an extension to the rule which requires people to wear face masks on public transport. He said: “With lockdown easing, it’s [...]
FCA to make mini-bond marketing ban permanent following LCF scandal June 18, 2020 The Financial Conduct Authority (FCA) has permanently banned the mass marketing of speculative mini-bonds to ordinary investors. The ban on the mass marketing of illiquid securities comes after a series of scandals involving unregulated bonds, including the collapse of London Capital & Finance (LCF) last year. The FCA introduced a temporary ban in January amid [...]
Exclusive: Westminster denies firms business rates relief for empty offices during lockdown June 17, 2020 Central London companies whose staff abandoned offices to work remotely during the coronavirus lockdown have been refused business rates relief, City A.M. can reveal. Westminster City Council has refused to grant the relief to office-based businesses such as accountants, law firms, and consultancies despite their workspaces remaining empty over the period. The move has sparked [...]
Outernet teams up with British lifestyle magazine GQ to launch new outdoor content June 17, 2020 Entertainment venue firm Outernet Global has teamed up with British magazine GQ as the two gear up for the launch of a new live entertainment space in London next year. Outernet London, set to launch in early 2021, will include a new 2,000 capacity live music venue, located on the corner of Oxford Street and [...]
FTSE 100 closes higher but loses ground on second wave fears June 17, 2020 The FTSE 100 closed higher today, albeit losing some ground as markets remain jittery on fears of a second coronavirus wave in China. London’s blue-chip index climbed to trade 0.72 per cent higher during the afternoon afternoon, before closing up 0.18 per cent. The rally came despite figures released earlier today showing UK inflation falling [...]
Commerzbank fined £38m by FCA over anti-money laundering failures June 17, 2020 The Financial Conduct Authority has fined Commerzbank London £37.9m for failing to have proper controls to prevent money laundering over a five-year period. Announcing its second-largest ever fine for failures to combat potentially illegal transitions, the FCA said Commerzbank’s failures to put anti-money laundering systems in place between 2012 and 2017 had “created significant risk”. [...]