Post-pandemic exodus may achieve what levelling up agenda has not as City’s wealthy retreat October 29, 2021 The City of London is today unrecognisable from the form it took just two years ago, as the impact of the pandemic has left it relatively quiet and lacking the commuter traffic that has long characterised the Square Mile. In fact, a recent report showed that footfall in London stands at just 35 per cent of pre-pandemic [...]
Khan urges government to make mask wearing mandatory on public transport October 29, 2021 London mayor Sadiq Khan has urged the government to make mask wearing mandatory on public transport, as daily Covid-19 cases average at around 40,000. “The situation with Covid-19 in the capital is so finely balanced that it needs all of us to act together to protect ourselves, our loved ones, the things we enjoy and [...]
Tesla’s profits on Bitcoin are on track to fully fund their research costs October 29, 2021 Earlier this week Tesla submitted their quarter three 2021 financial statements to the SEC. Cryptocurrency enthusiasts and sceptics alike held their breath once again following Tesla’s previous purchase of 43,200 Bitcoins, or 0.3% of available supply, earlier this year. An investment at the time of some $1.5 billion. Since this initial bullish step Elon Musk [...]
Hilton Food Group buys meat supplier for £28.8m in bid for UK growth – CityAM : CityAM October 29, 2021 Hilton Food Group, which supplies Tesco with fresh food, has bought UK meat supplier Fairfax Meadows for some £28.8m. “This transaction is all about growth,” CEO Philip Heffer explained. “Fairfax Meadow represents a great opportunity for Hilton to expand into an adjacent and growing foodservice sector in the UK.” “We look forward to leveraging Hilton’s [...]
Glencore full year earnings forecast to surpass $3.2bn, says mining giant boss – CityAM : CityAM October 29, 2021 Glencore has lifted its full year adjusted earnings forecast to exceed $3.2bn, the mining giant’s CEO Gary Nagle said in the firm’s third quarter production update. It follows Glencore’s recovery from reduced production as global energy markets have begun to rebalance amid soaring cost inflation. “The asset base has largely performed in line with our [...]
Green steam vs the big smog: London’s green jobs to double to 600,000 by 2030 – CityAM : CityAM October 29, 2021 The UK’s push for net zero will double the number of green jobs in London to 600,000 by 2030, according to new research. The findings, by WPI Economics and the Institute for Employment Studies and commissioned by Central London Forward, Local London, South London Partnership and West London Alliance, also revealed that the capital’s green [...]
Hello Meta: Zuckerberg announces Facebook’s new name – CityAM : CityAM October 28, 2021 Facebook’s chief executive Mark Zuckerberg announced in his keynote address that the company starting today will be called Meta. “Facebook is one of the most used products in the history of the world and it’s an iconic social media brand but increasingly it just doesn’t encompass everything that we do,” Zuckerberg said. “I want to [...]
Biden asks Democrats for support over $1.75tn spending framework – CityAM : CityAM October 28, 2021 US President Joe Biden has announced he had secured a $1.75tn spending framework to invest in the economy and climate change. Biden expressed his confidence in the plan, saying it could win the backing of all Democrats and pass the Senate, Reuters reported. “Today I’m pleased to announce after months of tough and thoughtful negotiations, [...]
Exclusive: ‘London needs to take a leaf out of Dorset’s book,’ argues veteran City lawyer October 28, 2021 As restrictions have eased, office doors reopened and professionals flock back into the City, life is once again teeming in London. However, as living priorities and sustainability targets have evolved post-pandemic, London must ensure that it remains attractive, liveable and sustainable in the long-run. A formula that has proven to create eco-friendly and community-focused residential [...]
Bob Bob Ricard City reopens – and the pie is still to die for – CityAM : CityAM October 28, 2021 The more things change, the more they remain the same. In June of 2019 I was at the opening of Bob Bob Cité, the sister restaurant to Soho’s Bob Bob Ricard, which I wrote, with no little hyperbole, was the best place to eat in the City of London. It was a wildly expensive venture, [...]