Church of St Mary Axe the location of the Baltic Exchange until it was destroyed by an IRA bomb in 1992; the Exchange is now located at No. 38 just to the north of its former address. On the site of the old Baltic Exchange now stands 30 St Mary Axe, a skyscraper known colloquially as the Gherkin because of its distinctive shape. The street of St Mary Axe was also the location of the sorcerer's shop in Gilbert and Sullivan's operetta "The Sorcerer", which documents the former pronunciation "Simmery Axe". The church that remains in the modern-day St Mary Axe is St Andrew Undershaft.
30 St Mary Axe giving the previous owners a clear £300 million profit. Since February 2010, Sky News has broadcast its flagship business programme, "Jeff Randall Live", from a studio in the building. In addition the top two floors of tower are now available on a private hire basis for events. Deloitte announced in April 2014 that the building was again being put up for sale, with an expected price of £550 million. The current owners could not afford to make loan repayments, citing differences in the value of the multi-currency loan and the British pound, high interest rates and general financing structure. In