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"
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"