New build homes on sale in London this weekend in Paddington, Clapham, Kentish Town, Vauxhall and Canada Water March 16, 2018 New developments on the market this week No 3 Canalside Walk, Paddington From £1.212m Live next to the Grand Union Canal in Paddington Basin, with a plethora of rooftop perks, including balconies, and a rooftop gym, lounge and observatory. Eleven acres of prime Zone One is being developed near the transport hub, including 52 two [...]
Spring Statement: OBR reveals the UK will be paying Brexit divorce bill until 2064 March 13, 2018 The Office for Budget Responsibility estimates the UK will be paying its Brexit divorce bill until 2064. Published to coincide with Philip Hammond’s Spring Statement today, the OBR puts the final figure at £37.1bn – squarely in the middle of government estimates of £35bn-£39bn. The body estimates that for the years 2019 and 2020 the [...]
Peer-to-peer platform Funding Circle appoints bankers ahead of potential float March 11, 2018 British unicorn Funding Circle has appointed bankers to lead an initial public offering (IPO) which will likely value it at more than £1.5bn, according to reports. The peer-to-peer lending platform has appointed Bank of America Merrill Lynch, Goldman Sachs, Morgan Stanley and London-headquartered Numis Securities to broker the deal, according to Sky News and Bloomberg. [...]
Property gloom is not really justified February 28, 2018 The amount of construction going on in the City of London makes the British capital look like a boomtown. Yet, following the UK’s vote to leave the European Union, the market has been distinctly downbeat on the value of London office space and the share prices of London-listed real estate investment trusts (REITs) has collapsed. [...]
Coinbase launches bitcoin tool for shops and businesses to accept cryptocurrency payments February 15, 2018 Having trouble spending your bitcoin? Despite the cryptocurrency boom, using it to pay for goods is far from mainstream. But there’s one startup that is looking to change that. Cryptocurrency exchange Coinbase has launched a new tool to make it easier for shops and other businesses to accept payments directly in bitcoin, ethereum, litecoin and [...]
Brexit talks: Lord Mayor Charles Bowman presses UK Prime Minister Theresa May to start EU trade talks November 13, 2017 The City’s new Lord Mayor Charles Bowman will this evening make a direct appeal to Theresa May, asking her to kick-start trade talks with the European Union. In his speech at the Lord Mayor’s Banquet, which will be attended by the Prime Minister, Bowman will press the government to enter phase two of the Brexit [...]
Following in the tyre tracks of legendary rock stars through Morocco in a Bentley Bentayga November 1, 2017 As I steer off the ferry from Spain and burble through the customs gate, I catch sight of the Grand Mosque’s rectangular minaret that greeted Keith Richards and Anita Pallenberg in 1967. I’m in Tangier, exactly 50 years later, on a mission to Marrakech and, like Keith and Anita, my girlfriend and I have arrived [...]
Sexism in the City: Jayne-Anne Gadhia tells MPs of “pervading sexism” in the Square Mile October 24, 2017 A former environment of “pervading sexism” in the City created an “alpha male” environment in which harassment was common, according to Virgin Money chief executive Jayne-Anne Gadhia. Speaking today to MPs on the Treasury Select Committee, Gadhia said she had come across multiple incidents during her career in the Square Mile when sexism had reared [...]
Here are the 10 most influential UK MPs on Twitter September 21, 2017 Donald Trump isn’t the only politician who feels he doesn’t get a fair deal from the mainstream media, and for politicians wanting to reach beyond the tabloids and the broadsheets, Twitter is an essential tool. So who’s getting it right? Many of the top 10 MPs won’t surprise you, but there are some notable names [...]
Bank junction traffic ban: Mytaxi calls on the City of London Corporation to rethink the 18-month closure over disruption concerns May 22, 2017 The boss of e-hailing taxi app Mytaxi has written to the City of London Corporation calling for today’s closure of Bank junction to be reassessed amid concern over the disruption it will cause. In the letter, seen by City A.M., Mytaxi general manager Andy Jones calls for a regular review of the trial period, which [...]