
Goldman's Richard Gnodde: a poster boy for the UK non-dom exodus
But at this year's gathering in January, Gnodde, 65, found himself talking about his own career after the Wall Street bank announced that he would be stepping down as chief executive of its international arm to become vice-chairman.
Gnodde had spent two decades becoming one of the highest-profile bankers on London's financial scene. In his clipped South African accent, he proclaimed he was 'thrilled to have the remit to really operate broadly around the world and spend time with our people, our clients'.
What he did not say was
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BBC News
an hour ago
- BBC News
Sadiq Khan says his mission to Africa will boost London business
Three countries and five cities in six days. London's mayor has certainly put a few miles on the clock in the past week in Sadiq Khan is the first mayor of the capital to go on a trade mission there - taking in Nigeria, Ghana and South him were about 30 businesses and representatives from London and Partners - the capital's so called growth agency that aims to attract investment previous mayors Ken Livingstone and Boris Johnson, who went on similar trade missions, he has faced criticism from opponents for spending time out of London when there's plenty to do like previous mayors, Sir Sadiq has defended the trip as a way of promoting the capital to emerging what has he been up to on the whistle-stop tour? The trip started in Nigeria's biggest city, Lagos - and provided a chance to catch up with a number of firms from the city's growing tech sector. The message from Sir Sadiq was a clear one: partner up with London's tech firms - come and do business with perhaps of the drive during Covid when we were constantly told - "London is open".It was a message he repeated as he moved on to Accra in Ghana. Talking to students there he chose to fire a barbed message to his Labour colleagues in government - criticising proposals that could see universities having to pay a levy on international students' Sadiq talked of "the immense value international students bring to London and the UK" - and warned that "closing our country to global talent would be a pointless act of immense economic self-harm". The mayor followed that up with the promise of the first business summit between Africa and London - to be held in the capital next Dickie, the CEO of BusinessLDN, welcomed this pledge and backed the mayor's trip to Africa, saying: "London is a melting pot of communities, workers and businesses from across the globe."The mayor is absolutely right to bang the drum for closer ties with key high-growth markets. Boosting trade and investment links with the likes of Nigeria, Ghana and South Africa will benefit Londoners."As the tour started, the Conservative MP and shadow chancellor Mel Stride had suggested that the mayor should be back in London with "his hand on the tiller", addressing issues like shoplifting that affect small businesses. While BBC London is not on the current mayor's tour of Africa, I have been on similar ventures with Sir Sadiq and his predecessors Boris Johnson and Ken is interesting is the way they are generally greeted - the fact that being mayor of London is seen as a prestigious role - that London is regarded as a genuinely global can often be at odds with how they are viewed by the people in their own city. There have, of course, been mishaps along the way. Livingstone's trip to Venezuela to meet president Hugo Chavez only made it as far as Cuba. And when he was mayor Johnson had to cancel a planned visit to the West Bank after fears of that, the visits will continue whoever is mayor - as will the rows over whether such trade missions bring real value to London.


The Guardian
an hour ago
- The Guardian
Rental fraud: the Facebook and Gumtree scam targeting desperate tenants
You're desperately hunting for somewhere to live and scouring rental sites. The odds are stacked against you. Rents are high everywhere – in London tenants are paying almost £1,000 for a shoe cupboard with a bed – and living rooms have gone from a regular commodity to a luxury. But matters are made worse by scammers. The Guardian's journalism is independent. We will earn a commission if you buy something through an affiliate link. Learn more. Young people now account for three-quarters of rental fraud, according to data from the National Fraud Intelligence Bureau (NFIB). Last year alone almost £9m was lost across about 5,000 reported cases. Recently, the BBC reported how a family had lost £2,000 after responding to a scam advert on the listings website Gumtree – the criminals had even shown them round the property before taking the money. Most scams take place through websites where individuals can advertise directly, and at no cost, rather than the big property websites. And, as would-be tenants turn to social media to look for rooms, so do scammers posing as individual tenants or landlords to trap unsuspecting victims. Some, such as Spareroom, offer users advice on how to spot a scam. There are variations, but a common version involves someone posing as a landlord and posting on dedicated Facebook rental groups, or Gumtree, offering a cheap place to rent. Sometimes they can be studio flats, other times they'll advertise a room in a two-, three-, sometimes four-bed flat. Once you message them with interest, they will typically put you in touch with the current 'tenant' through a mobile number. The tenant will explain more details about the property, sometimes even accompanied by a video of a flat. However, when you ask to view the property they'll be strangely unavailable – suddenly a parent has died, they're abroad, or they're just very busy. They will ask you to pay the deposit and often put pressure on you to act quickly. Do not pay any deposit upfront without seeing a property, no matter how desperate you are to find a home. Make sure you go to see any property before you commit to renting. Gumtree advises: 'Always ask to see proof of ownership, or the landlord's right to let, and ensure a tenancy agreement is in place before paying deposits or holding fees.' Stand your ground; if something seems fishy, it probably is. On social media, or listing websites, check when the landlord's profile was created. How long have they been active? Do they seem to be advertising multiple properties with similar messages? What comes up when you search their name? If a landlord is claiming to be part of the NRLA, you can check whether their accreditation is legitimate here. Report fraudulent accounts to Facebook and Gumtree.


The Independent
3 hours ago
- The Independent
Labour nationalises second train company
The nationalisation of a second train company by the Labour Government has been completed. Operator c2c, which runs services between London Fenchurch Street and south Essex, was taken into public ownership on Sunday. It had been controlled by Italy's state-owned rail company Trenitalia since 2017. DfT (Department for Transport) Operator, which manages services under public control on behalf of the UK Government, said tickets previously purchased will remain valid. It added that fares are 'not changing as a direct result of the transfer'. The overall passenger satisfaction rating for c2c was 89% in the most recent research by watchdog Transport Focus. This was the joint sixth best performance out of 22 operators. Transport Secretary Heidi Alexander said: 'Whether you're shopping in Lakeside or walking along the beach in Southend-on-Sea, from today you will be able to get there on a train service run by the public, for the public. 'Public ownership is already tackling deep-rooted problems we see on the railway that's led to spiralling costs, fragmentation and waste. 'A unified network under Great British Railways will take this further with one railway under one brand with one mission – delivering excellent services for passengers wherever they travel.' GBR is an upcoming public sector body that will oversee Britain's rail infrastructure and train operation. Ernesto Sicilia, managing director at Trenitalia UK, said: 'As the franchise moves to public ownership, we acknowledge both the progress made and the ongoing challenges of unifying a fragmented rail industry. 'In the meantime, we will continue to support and deliver services on the Avanti West Coast franchise until it too transitions to public ownership in 2026. 'While our role as operator is ending, our dedication to sharing knowledge, supporting innovation and fostering collaboration remains unchanged. 'We recognise that building a resilient and integrated rail network takes time and Trenitalia is determined to play a constructive part in that journey.' South Western Railway became the first operator brought into public ownership by the Labour Government in May. It joined Northern, TransPennine Express, Southeastern and LNER, which were nationalised under the Conservative government because of performance failings by the former owners of those franchises. The next operator to be nationalised will be Greater Anglia on October 12.