City of London chiefs: We’ve lost our undisputed global finance crown March 30, 2023 THE CITY OF LONDON CORPORATION’s annual report into global financial centres has for the first time put New York joint-top alongside the capital – with a warning that the Square Mile’s competitive advantage is “at risk.” According to the updating ranking compiled by the body which governs the City, London – which had come top [...]
‘The UK has real strengths’: Deutsche Bank CEO Tiina Lee on Brexit, the City of London and Edinburgh reforms March 24, 2023 The City of London has been facing a crisis in confidence recently with a string of stories suggesting London no longer holds its edge as a world-leading financial sector. But despite hand-wringing in the City – particularly following ARM’s decision to list in New York – Deutsche Bank UK’s CEO Tiina Lee cautioned against this [...]
New 32-storey building to tower over iconic Leadenhall Market and showcase City of London’s Roman past March 21, 2023 Plans to build a 32-storey tower over the City’s iconic Leadenhall Market have been given the green light by city planners. The City of London Corporation’s planning applications sub-committee approved plans this week for the new tower that will house 27,000 sq m of new office space and will look to boost the Square Mile’s [...]
Square Mile embraces hybrid working and tourism as post pandemic planning applications soar 30 per cent March 14, 2023 The Square Mile experienced a 30 per cent spike in planning applications during the pandemic, as investor confidence return to the City of London. The Museum of London, and new HQs for the City’s police and law firm Hogan Lovells were among the 56 applications submitted between 2020 and 2022, it has been revealed. The [...]
Law firms help drive record demand for London office space February 23, 2023 Law firms, accounting firms and consultancies acquired a record 2.5m sq ft of central London office space in 2022, following a boom in the professional services sector’s revenues. London’s top services firms took up 50 per cent more office space last year than in 2021, as the sector capitalised on an “unprecedented” surge in demand, [...]
Chancery Lane to be closed off to cars for 18 months as Square Mile experiments with pedestrian only route February 13, 2023 Chancery Lane will be closed off to cars for the next 18 months as the City of London experiments with a scheme to support pedestrians more. Sandwiched between Holborn and Fleet Street, the Square Mile’s historic road will have no access for cars after 20 February. For 18 months, traffic restrictions will apply from 7am [...]
Square Mile honours WEF president and Davos head Brende with freedom of the City February 10, 2023 The president of the World Economic Forum (WEF) was honoured by the Square MIle’s Corporation this week, giving him the Freedom of the City of London. Børge Brende was honoured at a ceremony this week following the WEF’s landmark conference in Davos, Switzerland, last month. The Norwegian economist, who heads the non-profit promoting cooperation between [...]
Simpson’s Tavern: City of London favourite challenges winding up order as it battles closure threat February 9, 2023 City chophouse Simpson’s Tavern has been successful in challenging a winding up order and will now fight the forfeiture of its historic premises. Its boss said the victory means the business has now been reinstated and is no longer wound up – allowing it to challenge the forfeiture. This comes after Simpson’s Tavern in Cornhill, [...]
City of London Police investigating 14 officers for misconduct charges January 18, 2023 The City of London police is investigating 14 of its officers for misconduct charges, although none are believe to be involved in any sexual offences, City A.M. can exclusively reveal. As the smallest territorial police force in England and Wales with just 958 officers, the number of cases accounts for a relatively high proportion of [...]
Britain’s economic future depends on a vibrant, modern City of London January 3, 2023 From climate change to the cost-of-living crisis, the City must be a part of Britain’s recovery.