Greek teaching union plans legal action against troika-induced austerity measures August 29, 2013 Greek teaching union OLME has said it is planning to take legal action against the government’s plan to put thousands of teachers into a mobility scheme in which they would be given reduced pay ahead of being transferred to another post or dismissal. Implementing the mobility scheme is one of the key conditions for Greece [...]
Hammerson upbeat on signs of UK recovery July 29, 2013 HAMMERSON, the Anglo-French property firm that owns shopping centres including London’s Brent Cross, said it had seen a pick-up in overseas retailers looking to launch in the UK in a sign of returning confidence in the market. Chief executive David Atkins said despite the continued squeeze on household budgets, macro-economic conditions were showing encouraging [...]
Reach new heights July 25, 2013 Growing pressure on open spaces in the capital has created a surge of interest in properties with roof terraces. Naomi Mdudu rounds up the best on the market. Kensington Roof Gardens, Boundary, Soho House: us Londoners are suckers for a rooftop terrace. Great views over the city and a relaxing spot to indulge in a [...]
Britain’s business elite is becoming increasingly Eurosceptic April 24, 2013 A PERNICIOUS myth has finally been laid to rest. From today, nobody can claim any longer that British business is united in its support of the European Union and the ever-greater centralisation of powers in Brussels. With over 500 business people – from top FTSE 100 bosses to entrepreneurs – signing up to Business for [...]
Cab hire firm Hailo raises $30m to fuel drive into new markets February 5, 2013 TAXI app company Hailo has raised $30m to help fund launches in New York, Tokyo and other cities this year. The firm, founded by three London cab drivers in 2011, has clinched fresh funds from existing and new backers. One of the new investors is Sir Richard Branson, while Union Square Ventures is among its [...]
Tories lose crunch vote on reforms January 29, 2013 THE CONSERVATIVES will find it almost impossible to win the 2015 general election, polling companies warned last night, after their Liberal Democrat coalition partners scuppered plans to reform constituency boundaries and reduce the number of MPs in parliament. Lib Dems joined Labour and the smaller parties to vote in favour of delaying the boundary reform [...]
The City needs partners to strengthen its place in Europe’s single market November 25, 2012 UNCERTAINTY over the future of Europe, and to an extent Britain’s role within it, continues to dominate the agenda, even as the latest summit in Brussels wraps up. Clearly there are strong views on both sides of this debate in the Square Mile. But – regardless of whether you are a eurosceptic, europhile or something [...]
Workspace plans Tower Bridge building as pre-tax profits soar November 13, 2012 WORKSPACE yesterday posted better-than-expected half year results, driven by strong tenant demand for its trendy London office space and its focus on asset management. The company, which provides offices to some 4,000 businesses such as Moonpig, as well as the Metropolitan Police, became a stock market darling after posting stellar annual results in May and [...]
Sports and the City October 28, 2012 THE Square Mile is positively basking in sporting glory these days. For a start, five giant rugby balls, one to represent each competing nation, were planted in Lime Street to mark the launch of the QBE Internationals taking place in November. In further sporting City news, Devonshire Square was turfed over on Friday, ahead of [...]
ENTREPRENEUR OF THE YEAR August 5, 2012 We start the week with the latest nominees for the third annual City A.M. awards – our shortlist for Entreprenur of the Year. Some of the world’s great companies were founded in tough economic times, and we are undoubtedly living through dark days now. It takes a clear head to lead a company when all [...]