City Moves for 8 August 2016 | Who’s switching jobs August 8, 2016 Currencies Direct Currencies Direct, a UK non-bank provider of foreign exchange and international payment services, has appointed Antony Jenkins, formerly CEO of Barclays, as the company's non-executive chairman. He will focus on further advancing Currencies Direct’s digital offering and expanding its existing international footprint, supporting the company’s strong growth potential. For three years, until July 2015, Antony led Barclays [...]
Rio 2016: As non-sponsoring brands get more scope to cash in on Olympic fever, official partners may be getting a bum deal August 8, 2016 Rio 2016 may have be tainted by doping scandals, the threat of the Zika virus, and worries of violence, but if you’ve got the money, sponsoring the Olympics seems like a no-brainer. Around 3.6bn people saw at least one minute of London 2012, and Rio’s audience is expected to be even bigger still, providing the 11 [...]
China dominates top spots in Global Cities 30 index while London’s place slides on Brexit vote August 8, 2016 China has claimed three of the top five spots in an inaugural Global Cities 30 index, while London has slipped from its intended fourth spot to 10th following the vote to leave the EU. Shanghai was crowned the top global city in the list, compiled by real estate fund Schroders out of an analysis of 161 cities, [...]
What heatwave? M&S is already filming its Christmas advert August 7, 2016 It may be a sweltering weekend of sunshine and clear blue skies, but one street in London has already seen snowfall – albeit the fake kind – after one high street favourite started shooting its Christmas advert. Yep, you heard that right. It may be the height of summer, but the Marks & Spencer is getting [...]
Bank rate cut: Property investment crowned winner while savers lose out August 5, 2016 The Bank of England launched a massive stimulus package yesterday in a bid to save Britain from recession. The Bank’s monetary policy committee (MPC) voted unanimously to slash interest rates to an all-time low of 0.25 per cent. Take a look at the winners and losers of the rate cut: WINNER: Property investment The cut to interest rates is [...]
What businesses can expect from Theresa May’s self-consciously pragmatic Conservatism August 4, 2016 From what retailers sold in their shops to their advertising, David Cameron seemed to have a view on everything businesses did. While they might not have approved of it all, businesses understood what he was thinking. Not so with Theresa May. May intervenes in public debate sporadically, on bigger issues and with more focus. She [...]
Focus On Archway: Will a new road system, public square and revamped tube station boost house prices in N19? August 4, 2016 Legend has it that when Dick Whittington was on his way out of London, he reached Archway, heard the peal of the Bow Bells and decided to return to the capital. Its reputation as a hinterland, a border, endured for centuries afterwards. Known originally as Highgate Archway – as in, the place you pass through [...]
A new Gatwick runway would generate as many as 28,000 new jobs by 2050, according to engineering consultancy Arup August 4, 2016 A second runway at Gatwick would create 28,000 new jobs by 2050, according to research conducted for the airport by engineering consultancy Arup. Figures from the firm show that while Gatwick would be boosted by more than 5,000 jobs even without expansion, the airport could generate dramatically more jobs with a new runway. New roles would [...]
This was the biggest City office deal in the last quarter August 4, 2016 Amazon made the biggest office deal in the City in the last quarter, taking 47,101 sq ft of space in Beaufort House. Research from BNP Paribas Real Estate showed Amazon made the biggest City move in a period when lease length fell from 9.5 years to 7.8 years as occupiers sought more flexibility. Read more: Westfield Stratford set [...]
New York deli Dean & DeLuca is setting up shop in Mayfair August 2, 2016 Famous New York deli Dean & DeLuca is bringing its gourmet food offering to Mayfair. The shop – favoured by celebrities such as Taylor Swift and Helen Mirren – is opening on 117 Mount Street early next year, joining big name brands such as Christopher Kane and Roksanda. Read more: London's most exclusive postcodes now home [...]