The Big Bang 30 years on: How the City went from bowler hats and liquid lunches to smartphones and tossed salads October 26, 2016 There’s now a whole generation of City workers – and City A.M. readers – who weren’t even born when the markets were deregulated back in 1986. Standing in Leadenhall Market on a week-day afternoon, they could be forgiven for thinking the City hadn’t changed all that much over the last 30 years. Hundreds of besuited [...]
Ritz boss lashes out over business rates revaluation: “Most politicians have never had a job” October 26, 2016 The man behind London’s most iconic hotel has lashed out at politicians in charge of a shaking-up business rates, accusing them of failing to understand business because they have “never had a job”. Andrew Love, deputy chairman of the Ritz, told City A.M. a revaluation of business rates unveiled at the end of last month [...]
Whitbread’s share price falls as half-year results fail to impress October 25, 2016 Whitbread's penchant for the finer stuff failed to excite the market as its share price fell nearly three per cent after unveiling its half year numbers. The figures Total revenues increased by 8.1 per cent to £1.6bn, although like-for-like growth was up by a more modest 1.9 per cent. The group's Premier Inn hotel network generated just [...]
Long Weekend: Discover the glitzy nightlife and historic Portuguese-Chinese heritage of Macao, China October 21, 2016 THE WEEKEND: Macao may be known for its glitzy nightlife, but this unique destination only 40 miles from Hong Kong on the south coast of China offers a whole lot more than the roll of the dice. A huge foodie scene, a dazzling array of luxury hotels and a vibrant selection of cultural hotspots make [...]
Focus On Herne Hill: House prices rise 12 per cent year-on-year in Brixton’s genteel neighbouring town October 21, 2016 Without a doubt Brixton’s greener neighbour, Herne Hill is also seen historically as Brixton’s more genteel neighbour. In the mid-19th century, this well-heeled south London suburb was home to mainly large, upper class “country” estates and revered members of high society – such as art critic John Ruskin – grew up there. These days, past [...]
Focus On Holloway: How the area went from “no-go area” to a thriving hotspot for independent businesses October 17, 2016 Holloway may be one of the oldest neighbourhoods in north London, but it hasn’t always been popular. Londoners who weren’t Arsenal fans might only pass through to get on to the M1 and its infamous women’s prison on Parkhurst Road hardly does wonders for its reputation. For a long time, its only cultural claim to [...]
Meet the founder of Happn – the dating app putting love on the map October 17, 2016 Nearly one in 10 Londoners use dating app Happn. A colleague who’s more in the know than I am tells me it’s “recently become enormous on Instagram” – users can upload pictures direct from one to the other, with 30 of your most recent appearing automatically on your Happn profile. And once you’ve liked someone, [...]
Can Toronto seriously become the North American city break of choice? October 14, 2016 As the cab from the airport inched forward in nose to tail traffic towards the distinctive skyline in the distance, I already knew I was going to be charmed by Toronto. While beaches and mountains are all very well, I’m a city girl at heart and the lure of late night shopping, museums and a [...]
Elegant Hotels announces second dividend but bookings hit over the summer by “political uncertainties” in the UK October 14, 2016 Caribbean tourism group Elegant Hotels has announced it will pay out another dividend in February despite its booking feeling the effects of a summer of "political uncertainty" in the UK. In addition to an interim divi for the period to 30 September of 3.5p per share, Elegant Hotels will also pay a second divi also [...]
Time Out to open first London market in Shoreditch next year following success of Lisbon venue October 12, 2016 Time Out will launch its first London market in Shoreditch next year, the magazine publisher-turned-entertainment group announced today. The London market will follow the same model as the group's flagship venue in Lisbon, Portugal, which opened in May 2014. The 19,250 square foot space on Commercial Street will hold restaurants, bars, shops, an art gallery [...]