Cyprus Chill: how to really kick back in this undiscovered corner of the Med July 8, 2016 ‘Most of what you see has been untouched for the last 40 years because of our political situation,” says my guide Yusuf, gesturing to the ruins behind him.“The embargo imposed on us by the international community after the country divided in 1974 has meant that we have been unable to excavate any of this site.” [...]
Buy to let tax changes knock London luxury rent prices July 8, 2016 London's luxury property market is suffering from oversupply this year after the government's stamp duty changes came into effect at the beginning of April. The capital's rental prices on luxury properties have fallen by one per cent year-on-year in the first quarter, according to research from Knight Frank. Read more: Rents edged down in May as [...]
City Moves for 1 July 2016 | Who’s switching jobs July 1, 2016 UniCredit UniCredit, Italy's biggest bank by assets, has appointed Jean Pierre Mustier as CEO. Jean Pierre began his career at Societe Generale where he held various positions from 1987 to 2009. In 2003, he was appointed head of Societe Generale’s corporate and investment banking division and member of the bank’s executive committee. From 2011 to [...]
London tech heavyweights call for European talent to remain in the capital following Brexit vote June 30, 2016 The London tech community has called for non-UK Europeans working in the sector to stay following the country’s vote to quit the European Union. Russ Shaw, founder of lobby group Tech London Advocates (TLA), has gathered around 150 signatures, including the Mayor of London and the likes of entrepreneur and angel investor Sherry Coutu and co-chief executive of digital literacy [...]
City Moves for 28 June 2016 | Who’s switching jobs June 28, 2016 Gordon Dadds Legal and professional services firm Gordon Dadds has appointed senior politician Lord Peter Hain as its global and government adviser. Hain will be helping Gordon Dadds and its clients expand their international connections, with particular focus on Africa and the Middle East. He will also advise the firm on governmental matters. Prior to joining the House [...]
Learn to sword-fight with Adrian Paul, star of TV show The Highlander June 21, 2016 The idea: Adrian Paul, star of the ‘90s fantasy TV spin-off Highlander: The Series, now travels the globe training fans in the art of stage combat. I expected the gathering to be attended exclusively by middle-aged men called Gareth. In reality, it was far more varied, with a more or less even split of men and [...]
Labour shortages are casting a shadow over the UK property market June 14, 2016 Housebuilders are convinced that a lack of labour is one of the biggest challenges facing the property market, according to a survey from Knight Frank released today. The report found that as many as 73 per cent of respondents believed the cost and availability of labour will have a negative impact on future housing supply. Read [...]
Microsoft’s LinkedIn deal is right connection June 14, 2016 Microsoft's $26bn bid for LinkedIn is certainly punchy. The company founded by Bill Gates will pay $196 per share, a near 50 per cent premium on Friday's closing price. Analysts see the value in the deal. With the acquisition, Microsoft is delving deeper into the “world of work” according to Martin Garner of CCS Insight. [...]
Focus On Walthamstow: the outer London hotspot where house price growth is frankly ridiculous June 13, 2016 There was a time when the postcode East 17 was tainted in the popular consciousness by a band of shirtless youths with odd taste in hats. But, thankfully, those days are gone, and it’s been restored to its rightful owner, Walthamstow in north-east London, and it’s one of the fastest-growing, up-and-coming places in the capital. [...]
World Naked Bike Ride has arrived in London June 11, 2016 World Naked Bike Ride has arrived in London – and City A.M. was at the scene, not looking creepy, with a smartphone. The weather could have been better, but literally tens of people still turned up to take part in the event, an annual protest against oil dependency and car culture, in Tower Hill. Read more: One and all [...]