Why the suit and tie is not dead yet
It was a suit fitting that illustrated the dividing fates of Deutsche Bank’s City traders during an emotional round of mass layoffs. As hundreds of workers were…
The last breakfast at Britain’s most stylish restaurant
On Friday morning, The Wolseley looked and sounded just like it always has. Stepping over the threshold out of the spring sunshine on Piccadilly, through the big…
Britain’s last open trading ring battles to survive after nickel farce
Chief executive Matt Chamberlain, appointed in 2017, has tried to open up the market to a newer kind of trader, including those using strategies driven by quantitative…
City of London remains Europe’s dominant financial hub
The City of London has retained its crown as Europe’s dominant financial centre as fears of a Brexit-induced exodus failed to materialise. London came second only to…
William Sitwell reviews Wiltons, London: ‘A lunch of opulent perfection’
The floodgates can then open to a lunch of opulent perfection, dishes that – at their best – defy the fashions and fads and, as centuries pass,…
City deals grind to a halt in wake of Russian invasion
City dealmaking has ground to a halt as investment bankers advise clients to put listings and acquisitions on hold as Russia’s invasion of Ukraine unsettles markets. Senior…
William Sitwell reviews Miscusi, London: ‘The food and wine I was offered was an abomination’
Miscusi sashays into London with breezy confidence. There are 12 branches across Italy, in seven cities. Its founder, Alberto Cartasegna, pronounces that this is not just a…
Banker bonus season will expose Johnson’s failure on the cost of living
Regardless of how anyone feels about the Square Mile’s rainmakers, it is important to remember that this isn’t 2008. The economic downturn cannot be blamed on a…
The man behind Alex: ‘After a couple of glasses of wine, City people got indiscreet’
They don’t lunch ’em like they used to. That’s the conclusion Russell Taylor has come to after chronicling the City of London for over three decades in…
Workers flock back to Square Mile after end of Plan B rules
At shopping centres and West End stations, such as Stratford, Tottenham Court Road and Oxford Circus, traffic was at 52pc of normal demand. Last summer, some banking…
Lack of cash for levelling-up drive threatens another false dawn
More than three decades since the first cars rolled off its production line, Nissan’s car plant in Sunderland remains the poster child for levelling up. The factory was…
City lawyers handed £50,000 bonus to stop them defecting to American rivals
Last year, two Freshfields partners defected to US firm Kirkland & Ellis having worked on buyout deals for private equity giant CVC. Many US rivals have close…
London retains global financial crown in new Brexit boost
London has retained its crown as the world’s top destination for financial and professional services in terms of its overall offering in another boost for the City. …
Boost for post-Brexit Britain as firms focus on the City
A majority of global finance firms plan to establish or extend their operations in the UK this year, in a post-Brexit boost for the City. Nearly 90pc…
Covid ‘levels down’ Britain as richest cities suffer most
Boris Johnson is arguably suffering the roughest month of his political life. As a seemingly endless series of lockdown parties in number 10 haunt him, his popularity…
American banks boost EU workforces as post-Brexit scrutiny escalates
Goldman Sachs and JP Morgan have increased their EU workforce by almost 2,000 people since Brexit as Brussels steps up its review of bank hubs on the…
My Parkinson’s diagnosis led me to a new career and a new home
Her clients include estate agents, homeowners, interior designers… ‘Basically, anyone with an empty home who wants it to look original and feel wonderful to be in,’ she…
The best fine dining restaurants in London to book now for Burns Night
Burns Night is to Boisdale what Christmas is to Lapland: the restaurant’s very raison d’être. Reservations are already full for the 25th at the tartan-clad Belgravia original,…
Brussels backs down on clearing in post-Brexit boost for the City
Brussels has extended London’s lucrative clearing rights until 2025 in a significant backdown by the European Union and a post-Brexit boost for the City of London. Mairead…
Raising interest rates is beset with danger
As all the focus in Westminster is on the latest revelations, the story that most affects people’s lives is the recovery from the pandemic. Last week we…
Brussels backs down on clearing clampdown in post-Brexit boost for the City
Brussels has extended London’s lucrative clearing rights until 2025 in a significant backdown by the European Union and a post-Brexit boost for the City of London. Mairead…
London needs a new, light-touch stock market
The idea was to create a British version of the wildly successful Nasdaq index in New York. It started well enough. With only 10 companies on the…
William Sitwell reviews Fallow, London: ‘The corn ribs were so fabulous – this is umami on speed’
It’s a question that family and friends often wonder about, when a loved one appears to have got a little… confused. At what point can you have…
Office commuters shun London but trips to Soho and Bluewater soar
Last summer, some banking bosses criticised a decision among staff to work from home while continuing to visit bars and restaurants. James Gorman, chief executive of investment…
Chinos replace suits in the City’s fight for top talent
Still, many bosses value a future for the office. One FTSE 100 boss says he wants to mandate staff back into the workplace from next spring, having…