Flower in the City: The Tulip could be the tallest tower in the Square Mile November 19, 2018 New proposals to build the tallest ever tower in the Square Mile were revealed this morning, as City planners prepare to open their doors to a fresh wave of skyscrapers that could transform London’s skyline. Developers have submitted plans to build a dramatic 305-metre viewing attraction dubbed ‘The Tulip’, which would be built alongside The [...]
City Moves for 16 November – who’s switching jobs at Talking Talent, JP Morgan and RedT? November 16, 2018 Who’s switching jobs today? Talking Talent Talking Talent, the global coaching consultancy leading the gender diversity agenda, has appointed Sarah Speake as a non-executive director . Sarah starts this month and will be advising Talking Talent as it continues to build its business and brand internationally and expands into more new markets. Sarah will also [...]
Debenhams supplier issue could be ‘nail in the coffin’ for department store November 15, 2018 Supplier problems that have reportedly hit Debenhams could be the “nail in the coffin” for the embattled department store, according to industry experts. A number of high street suppliers stopped working with the 240-year-old store after credit insurers reduced their protection, trade magazine Drapers reported. “They really need to implement strategic change in the business, [...]
Debenhams shares rebound as wider retail sector suffers in October November 15, 2018 Shares in embattled department store chain Debenhams have rebounded this afternoon after suffering its biggest single day loss in a decade yesterday. Its share price was up 18 per cent to 6.2p having fallen to a low of 4.6p earlier in the day – a 40 per cent drop since Friday. A number of high [...]
Debenhams shares continue to plunge on supplier woes in the run-up to Christmas November 15, 2018 Shares in embattled department store chain Debenhams have continued to plunge this morning on reports of supplier troubles in the run-up to Christmas. A number of high street suppliers have stopped working with the Debenhams after credit insurers reduced protection for suppliers, trade magazine Drapers reported. Its share price has dropped close to nine per cent this [...]
The probate debate: How will you be affected by the changes to the unpopular death tax? November 15, 2018 While most of us will be familiar with – or at least have heard of – inheritance tax (IHT), probate fees are a little-known extra cost that many families are forced to confront when their loved ones pass away. Both IHT and probate fees are often referred to as the “death tax” – although the [...]
The number of people banned from the financial services sector rose 28 per cent last year November 12, 2018 The number of individuals banned from working in the financial services sector by regulator the Financial Conduct Authority (FCA) rose 28 per cent last year, research published today shows. There were 23 people banned from working in the industry by the FCA in 2017-18, up from 18 the previous year, according to City law firm [...]
Peer-to-peer currency exchange Weswap to list on Aim as it targets international expansion November 11, 2018 Peer-to-peer currency exchange platform Weswap will float on London’s AIM next month, the company announced today, as it targets international expansion. The UK fintech firm is aiming to raise between £15m to £20m, upping its market capitalisation to around £45m, to expand into the European and Asian market. It is also seeking to develop new [...]
City faces a Brexit ‘nightmare’ unless a deal is done by Christmas, says new lord mayor November 11, 2018 The new lord mayor of London has said banks and insurers will face an "administrative nightmare" unless a Brexit deal is secured by Christmas. Former Barclays executive Peter Estlin told the Sunday Times that there was a "huge amount" of anxiety in the City despite recent suggestions that the Prime Minister was closing in on a [...]
Beazley hit with $105m hurricane costs November 8, 2018 Lloyds of London insurer Beazley today said it expects costs of roughly $105m after a series of natural disasters in the US and Asia. Beazley said the payouts following hurricanes Florence and Michael and typhoons Jebi and Trami are in line with expectations. But the insurer, which covers a range of areas including kidnapping and [...]