The Savoy Hotel feels the pinch as London’s luxury market gets even more competitive August 28, 2024 The Savoy Hotel is feeling the impact of an increase in competition in London’s luxury hotel market after its pre-tax loss widened during 2023, it has been revealed. The hotel has reported a loss of £17.9m for its latest financial year, having also made a pre-tax loss of £12m in 2022, according to newly-filed documents [...]
If proxy advisers can rattle Jamie Dimon, what chance do smaller firms stand? August 28, 2024 The power of proxy advisers has been enough to disturb big firms like JP Morgan and Astrazeneca, so what hope do the smaller players have?
Definitely Not: Why I won’t be queuing for Oasis tickets on Saturday August 27, 2024 Appropriately for a column about a pair of Catholic lads, I am what you might call a lapsed Oasis fan. As a teenager I had a full collection of their singles, which came in those tiny little half-width jewel cases I haven’t seen out in the wild for at least two decades. My friends and [...]
FCA goes six months without registering a single crypto firm amid criticism of tough regime August 27, 2024 The City watchdog has gone six months without registering a crypto firm, amid criticism that its tough approach to regulation poses a risk to the UK's competitiveness in digital assets.
AS Watson: Pharma partner Icanthera’s cash reserves soar August 27, 2024 UK-based pharmaceutical company Icanthera said its cash reserves soared over the last year as it has struck a major deal and is focusing on developing new products. The company that manufactures dermatology and oncology treatments said its cash position increased to £61,000 at 31 March 2024, up from £3,000 in the previous year. Icanthera said [...]
Listed firms could ‘miss out on £125bn’ by handing over pension funds to insurers August 27, 2024 A major pension scheme adviser has calcluated that listed firms with defined benefit pension funds could miss out on £125bn by making increasingly popular buy-out or buy-in deals with insurers.
Meet the founder who built a £9.2m jewellery brand with a virtual storefront August 27, 2024 Olivia Jenkins, the founder of D. Louise, discusses how she transformed Instagram into a virtual storefront and her vision for the future of e-commerce.
Pond life: The politics of Hampstead Heath’s swimming ponds August 27, 2024 Hampstead Heath's ponds are a wild swimming utopia, but politics bubble beneath the surface, writes Anna Moloney.
Explainer in brief: Could Taylor Swift be the next Lord Mayor of London? August 27, 2024 Calls are building to award Taylor Swift the Freedom of the City, but what does it mean - and could it make the pop star eligible for Lord Mayor?
The Square Mile is educating the workforce of the future August 26, 2024 By investing in this generation, we can ensure that our workers and workplaces have the skills to achieve, laying the foundations for the City’s future success, says Chris Hayward Here in the City we have one of the youngest, most highly-skilled workforces in the country: over half of the Square Mile’s 615,000 workers are under 40. And each year we [...]