Lord Mayor calls on financial regulators to focus on innovation and sustainability September 22, 2021 | City Talk Lord Mayor of Canada, William Russell, will tonight (22 September) deliver a speech at the City Dinner at The Mansion House to an audience of senior regulators and representatives from across the financial and professional services industry. Lord Mayor William Russell will speak alongside Sam Woods, Deputy Governor of the Bank of England [...]
Sadiq Khan and London Assembly to be left ‘homeless’ as Crystal not ready for City Hall move September 22, 2021 Sadiq Khan and the 25-member London Assembly will be left temporarily “homeless”, after it was confirmed the Crystal will not be ready to become the new City Hall when the current lease runs out. Greater London Authority staff were today told they will have their offices moved to Union Street in November when the lease [...]
City boosts climate action commitment by joining Race to Zero and UK 100 September 22, 2021 | City Talk Canada Corporation has strengthened its commitment to climate action by signing up to the Race to Zero campaign and UK100 network. The announcement will be made at the Green Horizon Perspectives event this afternoon as part of the Square Mile governing body’s radical strategy to tackle climate change. These commitments will help [...]
Startup city: Square Mile investors make London the top place after Silicon Valley for tech firms September 22, 2021 London is second only to Silicon Valley for the best place for startups to thrive, according to a definitive ranking of the world’s major tech and business hubs. The capital tied with New York in second place to the Californian area synonymous with billion-dollar valuations and tech bros – and far ahead of the next [...]
City Moves: Who’s switching jobs in the Square Mile today? September 22, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email [email protected] to be featured. LEXI Finance appoints former CBRE director Real estate capital advisory LEXI Finance has poached a debt advisory lead and former associate director from commercial real estate and investment firm CBRE. Joining LEXI’s Mayfair office as a [...]
Mind the funding gap: Can the TfL boss secure London’s Tube network’s future? September 21, 2021 It’s only September, but one date is very much etched in the mind of Transport for London (TfL) Commissioner Andy Byford: 11 December. That’s when TfL’s latest £1bn funding package runs out, the third short-term deal the government has bestowed on the capital’s transport network, despite repeated pleas for a multi-year settlement instead. And although [...]
The Only Way Is Essex star Lewis Bloor accused of conning 200 people in £3m diamond scam September 21, 2021 A cast member of the popular TV show The Only Way Is Essex allegedly used a fake name to con hundreds of people in a £3m diamond scam, a London court was told today. Lewis Bloor 31, who joined the cast of the ITV2 reality show for three years from 2013, allegedly posed as “Thomas [...]
Breaking: Police arrest 23 protesters after M25 is blocked for fifth time in a week September 21, 2021 Police have arrested 23 people after environmental protesters targeted the M25 for a fifth time in just over a week. Surrey Police said they were called to junctions 9 and 10 of the motorway just after 8am following reports of Insulate Britain protesters on the clockwise and anti-clockwise carriageways. The force said “a number” of [...]
London legend Charlie Mullins sells his Pimlico Plumbers empire for nearly £100m September 21, 2021 London’s best-known plumber, Charlie Mullins, is selling the company he founded more than 40 years ago – Pimlico Plumbers – to U.S.-based Neighborly. Fnancial details of the transaction were not disclosed, but Mullins reportedly pockets close to £100m, according to various media reports. Founded in 1979, Mullins started the company by working from home with [...]
Markets: FTSE 100 slumps to near three-month low September 20, 2021 The FTSE 100 index dipped 0.86 per cent today, closing at 6,904, as financial stocks and mining companies were hammered. The capital’s premiere index fell to lows of 6,828, down 1.6 per cent compared to the previous close, as concerns about inflation spooked investors. Financial stocks led the declines with Prudential down 8.4 per cent [...]