Wasteful thinking: We meet the man on a mission to tackle the UK’s plastic addiction April 30, 2018 That image of the dead whale calf, possibly poisoned after digesting plastic waste, is now etched in our memories forever. Aired in November, the BBC documentary Blue Planet has opened people’s minds to the consequences of consumerism – the throw-away culture which is destroying the world as we know it. “The message is a tragic [...]
Ready to regulate: Why crypto and the City need each other April 30, 2018 The financial services sector is rife with inefficiency. The global financial system moves trillions every day and serves billions of people in the process, yet legacy technology and siloed systems make change immensely slow, if not impossible. The majority of core banking systems are over 30 years old, and almost half of financial intermediaries suffer [...]
Northern Line extension row over rising costs on the £1.2bn project remains unresolved seven months on April 27, 2018 A row over extra costs to the Northern Line extension is still yet to be resolved, six months since Transport for London (TfL) said that court could be an option in the stand-off, though not one it was keen to pursue. The £1.2bn project will extend the Northern Line from Kennington to Battersea via Nine [...]
Lloyd’s of London launches Brussels hiring spree as new EU base takes shape April 24, 2018 Lloyd’s of London today kicked off a search for new staff in Brussels as it prepares for Britain’s exit from the EU. The iconic London insurance market rolled out plans last year to established a new European headquarters in Belgium to mitigate the fall-out from Brexit. Lloyd’s is advertising vacancies for frontline underwriters as well [...]
Principal London and Bloomsbury Hotel revamp to draw in a younger crowd April 20, 2018 We had no brief when we started this project,” says interiors guru Tara Bernerd, showing me around the former grandiose Hotel Russell on Russell Square. It re-opened on Monday but rechristened as the Principal London. Built in 1898 by the English fin-de-siecle architect Charles Fitzroy Doll, its magnificent Renaissance-revival terracotta exterior is Grade II-Listed, along [...]
UK house prices: London property market continues to cool as national average asking price reaches a record high April 16, 2018 The average price of property coming to the London market fell this month as the UK average price reached a record high, according to Rightmove’s house price index. The capital is just one of two regions to see a drop nationally, with prices decreasing by 0.6 per cent this month. The national average asking price [...]
Christian Sewing confirmed as new Deutsche Bank head to replace chief executive John Cryan | City A.M. April 8, 2018 Deutsche Bank has replaced chief executive John Cryan with one of his deputies, Christian Sewing, the German lender confirmed after a meeting of its supervisory board. The bank had said it would “take a decision” on the future of the chief executive today on a call led by the board’s chair, Paul Achleitner, who has [...]
Artificial intelligence fintech investment firm Arkera grabs £4m from investors including Brevan Howard’s Alan Howard April 5, 2018 Arkera, a new fintech app which uses artificial intelligence (AI) to aid personal investing, has raised £4m from investors including the co-founder of hedge fund Brevan Howard. Alan Howard led the funding round along with electronic trading firm XTX Markets, with additional input from payment services firm Docomo Digital, ex-Deutsche Bank chief operating officer Henry [...]
Shirt pull: Classic football kits have never been bigger business thanks to the 90s fashion boom and looming World Cup March 28, 2018 During this summer’s World Cup you will be nearly as certain to spot a football fan sporting a France shirt from 1998 or West Germany’s block-patterned effort from 1990 as you are to see someone kitted out in the latest England kit. Vintage football shirts have not only become commonplace at stadiums, in the pub, [...]
Interiors: Westfield London’s flagship John Lewis wants to usher the high street into the 21st century with ‘experiential’ shopping March 24, 2018 It’s been 10 years since Westfield shopping centre opened its doors to much fanfare in White City, and this week its £600m expansion opened a full six months early. Westfield London, as the west London outlet is called, is already the largest retail destination in Europe and it has more potential customers than ever as [...]