New beer and pubs boss looks to ensure industry keeps its fizz December 3, 2019 Beer is proof God loves us and wants us to be happy” is a quote that adorns tourist-tat t-shirts and bar mirrors across the world. It also, as far as anyone can tell, was never actually said by the man usually given credit — Benjamin Franklin. But regardless of whether the Founding Father uttered the words, [...]
To tackle the challenges of our age, UK and EU finance firms must work together November 18, 2019 The economy is a hot topic this election campaign, but one issue which is attracting little attention so far is the value and significance of financial and professional services. According to new data from the Office for National Statistics, the UK exported £82bn of financial services last year, up £4bn on 2017. This gives us [...]
Wework’s fall back down to Earth was a long time coming October 25, 2019 Sometimes only a bold and radical move can pull a company out of a hole, and by the standard of Wework, plans don’t get more radical than the ones announced by the company’s new chairman Marcelo Claure. One can almost imagine the gasps as he informed staff that from now on, the business will “prioritise [...]
Eight arrests made after Extinction Rebellion causes rush hour chaos on Jubilee Line October 17, 2019 Eight arrests have been made after Extinction Rebellion protesters caused severe delays on the Docklands Light Railway (DLR) and Tube during rush hour today. Furious commuters reacted by dragging a climate change activist from the top of a train before appearing to attack him. Read more: Extinction Rebellion targets London’s financial heart in day of [...]
Exodus reduces Libra members to 21 companies October 14, 2019 The final membership roster of Facebook’s controversial cryptocurrency project Libra has been revealed, having taken a significant hit after several major players abandoned ship. The Libra Association said 21 companies had signed the charter, committing to pay a $10m (£7.9m) founders’ fee and introduce a Libra incentive scheme, following a council meeting in Geneva. Uber, [...]
‘It’s empowering to buy a shared ownership home’ September 23, 2019 Shared ownership helped West End actor Chris buy a place of his own in his beloved Islington Twenty-nine year old actor Chris Leask says that shared ownership was the “only way” he was ever going to be able to buy his own place in London. Chris, who is currently playing ‘Everyone Else’ in The Comedy [...]
Chelsea 1-2 Liverpool: Reds show title credentials in game of two halves at Stamford Bridge September 22, 2019 Liverpool showed their Premier League title credentials in a game of two halves at Stamford Bridge on Sunday. The Reds bounced back from a midweek defeat to Napoli by making it six wins from six in the top flight with a hard-fought 2-1 victory over Chelsea. If the first half was all about the array [...]
London Car Free Day 2019: Everything you need to know about this weekend’s event September 20, 2019 Drivers have been warned to avoid large parts of central London as over 200 roads close in the capital for Car Free Day 2019. Between 7am and 7pm on Sunday, pedestrians will be given free rein across London Bridge and Tower Bridge, as the city highlights the problems caused by air pollution. Read more: Mayor [...]
Tottenham Hotspur refinance more than £600m of stadium debt to secure financial future September 20, 2019 Tottenham Hotspur have refinanced £637m of loans taken out to help build its new £1.2bn stadium. The club borrowed the lump sum from Goldman Sachs, Bank of America and HSBC to support the arena’s construction and were due to pay it back in full by April 2022. Read more: Olympiacos 2-2 Tottenham: Spurs stuck in [...]
As politicians argue over the EU, the City is poised and ready to trade with the world September 9, 2019 It has now been more than 1,150 days since the referendum on the UK’s membership of the European Union. Many in the Square Mile have understandably found this period of such prolonged uncertainty frustrating. While there have been many twists and turns in Westminster over the past week, it remains far from clear what will [...]