Hatton Garden: Police pin man to ground after reports of threatening people with a knife February 29, 2016 London's iconic jewellery district Hatton Garden was home to more scenes of police cars and vans, after officers had to break up a knife row this afternoon. Two men have been arrested – the first on suspicion of being in possession of an offensive weapon and affray, the second on suspicion of affray and assaulting a [...]
Chinese property tycoon Ren Zhiqiang’s microblogging accounts blocked after Xi criticism February 28, 2016 Chinese property tycoon Ren Zhiqiang has had his microblogging accounts shut down by the Beijing authorities after he criticised President Xi Jinping. The Cyberspace Administration of China said Ren had published "illegal messages that had a bad impact". "The cyberspace is not outside the laws, nobody is allowed to spread illegal information using the internet," Jiang Jun, [...]
Flats with no windows are now on sale in Brixton for £465,000 February 26, 2016 Flats with no windows have gone on sale in Brixton for £465,000 as part of a development that estate agents have described as a “sanctuary of calm”. The “luxury development” is an office conversion on Acre Lane, near Brixton tube station. The property developers Build Consultants have been working on the block of one and two-bed [...]
UK house prices: two thirds of workers earned less than the average property last year February 26, 2016 Two out of five UK workers (38 per cent) earned less than the average home in the last 12 months, a new study by Post Office Money claims. The Cost of Buying & Moving report, which was compiled by the Centre for Economics and Business Research (Cebr) found that average house prices rose by seven per cent – [...]
Derwent London signs up Capita to Copyright Building after year of record lettings February 25, 2016 Derwent London said has struck a deal to let an entire office building in London's West End to professional services firm Capita as it posted a strong set of full-year results. The FTSE 250 developer said Capita has agreed to pre-let 87,150 square feet of office space at The Copyright Building on Berners Street more than a year ahead of completion, in [...]
Galley on Upper Street in Islington is nice: but we should aim higher February 23, 2016 We can afford to be discerning about things, us Londoners, what with all the lovely London stuff we have, Londoning the place up. “Isn’t everything here great compared to the things in places that aren’t London?” we say to each other, smiling and knowing it to be true. Take restaurants: we have heaps of them, [...]
EU referendum: Asda, HSBC, Vodafone and nearly 200 sign letter saying Brexit would threaten jobs – but Tesco, Morrisons and Sainsbury’s are not on the list February 23, 2016 The bosses of HSBC, BT, Vodafone and Asda are among those to have put their name to an open letter backing the remain camp and Prime Minister David Cameron's reforms in Europe. More than a third of the UK's biggest companies were represented in the letter, which was published in The Times this morning, saying they represented [...]
City Moves for 22 February 2016 | Who’s switching jobs February 22, 2016 Dechert Andrew Hood has joined the law firm as a senior director in its international trade and government regulation practice. Hood most recently served as legal adviser to the Prime Minister. Prior to this, he held positions as head of international and EU law at the Attorney General’s Office, legal adviser and senior policy officer [...]
Anglo American mulls sale of De Beers’ London headquarters as part of asset sell-off February 21, 2016 Anglo American is considering selling its diamond subsidiary De Beers’ headquarters in Farringdon as part of major cost-cutting plans revealed last week. The FTSE 100 miner posted a $5.4bn loss for 2015 – the largest in its history – prompting chief executive Mark Cutifani to set out an aggressive restructuring plan to boost its cash [...]
Barclays confirms investment bank chief executive Tom King will retire next month February 19, 2016 Tom King, the chief executive of Barclays's investment bank business, is retiring next month, the bank confirmed today. King's last day will be 4 March, according to Barclays. Commenting on his decision to retire, King said: "After nearly 25 years in my career, and having now seen the Investment Bank through a period of extraordinary change and [...]