Given the glass ceiling on top jobs in the City of London and this local authority’s notorious lie machine, it is not surprising to find the utterly undemocratic and business vote dominated local council awardwashing the situation by picking 100 women to receive the Freedom of the City as a way of ‘marking’ the centenary of women getting the vote. More of an eye-opener is the fact that diversity campaigner Miranda Brawn has chosen accept this bauble despite the council failing dismally to tackle gender discrimination on its own patch.Read more "Miranda Brawn & City of London Awardwashing"
The usual media suspects – The Times, City AM, City Matters, Financial News London etc. – picked up the story that Peter Estlin was “elected” as Lord Mayor of London on 1 October. Of course Estlin was “elected” by his peers in the finance and legal industries rather than those who actually live within the boundaries of the local authority that he now lords it over. London’s current situation of having two mayors – one for the whole city and one for the much smaller City of London – is ridiculous. London doesn’t need two mayors and the best move Estlin could make if he’s serious about his agenda of social inclusion (we doubt it) is resigning and ensuring his powers and role are handed over to London’s real mayor, the democratically elected Sadiq Khan.Read more "New Lord Mayor Peter Estlin Could Best Address Social Inclusion by Resigning"
Excitement over Russian flotations peaked a decade ago. When Russian owners realised they could gain higher valuations by listing assets globally, it provided a rush of business. Sixty-seven of the Russian IPOs from 2005 to 2014 came to the London market, leaving New York behind. The City will gain comfort that Russian revenues had already tailed off — the US pounced after most of the fees had been paid. But Washington, not London, has decided how it must handle Russian financing. The Deripaska affair leaves the UK’s financial capital looking neither powerful nor principled.Read more "City of London ‘Neither Powerful Nor Principled’ According To The Financial Times"