Softline to launch $1.5bn London IPO amid cybersecurity frenzy October 27, 2021 Cybersecurity firm Softline has launched a lofty $1.5bn initial public offering (IPO) in London today, as technology and security creep higher on the business agenda post-pandemic. The London headquartered firm will sell shares at a final offer price of $7.50 per share. “Today is an extremely proud day for the whole company,” founder and chairman [...]
Nearly 60 per cent of firms will miss UK net zero target, says Microsoft report October 27, 2021 Just over 40 per cent of UK firms are on track to meet the government’s net zero target of 2050, new research from Microsoft and the University of London has revealed. The figures suggest that the country’s net zero efforts may be far more difficult to achieve if the majority (59 per cent) of firms [...]
London crowned the most dangerous city for UK cyclists October 26, 2021 London is the UK’s most dangerous city for cyclists, reported a study by personal injury experts Boyes Turner Claims. Bristol and Hull come in second and third place, reporting 1,301 and 1,243 incidents since 2016. Using data from the Department for Transport, the research revealed that over the last five years, 11,560 incidents involving cyclists [...]
Plug-in hybrid vehicles no longer exempt from C-Charge discount October 26, 2021 Drivers of plug-in hybrid vehicles are no longer exempt from paying the £15 daily Congestion Charge, reported MSN. From yesterday only 100 per cent net-zero cars qualify fo the discount, while before all hybrid vehicles that emitted no more than 75g/km of CO2 could get the exemption, the news site added. The Congestion Charge was [...]
The City after Brexit: With Refinitiv, Shearman & Sterling and the Investment Association October 26, 2021 Brexit, ‘greenwashing’, COP26, the EU/UK taxonomy, China in the wake of the Evergrande affair, the EU’s push for ‘strategic autonomy’ as well as privacy and the use of data are being discussed by CSFI director Andrew Hilton and this panel. They also zoom in on the latest IA report on asset management, and have a [...]
Loo must be joking: Fewer Brits wash their hands after toilet use than before the pandemic October 26, 2021 Fewer people wash their hands after visiting a public washroom now, than in 2018, according to new research shared with City A.M. today. Just two thirds (66 per cent) of Brits say they always wash their hands after using a public washroom, compared to 74 per cent in 2018. A smaller percentage (54 per cent) [...]
Police made range of mistakes in case of London sisters murdered in Wembley park October 26, 2021 A range of mistakes were made by police officers in the case of two sisters who were reported missing in June last year. An investigation by the Independent Office for Police Conduct (IOPC) has found that information in the case of Nicole Smallman, 28, and Bibaa Henry, 46, who were stabbed to death in a [...]
City Moves: Who’s switching jobs in the Square Mile today? October 26, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Bought By Many Pet health and insurtech company Bought By Many, which gained unicorn status in June, has appointed former Babylon Health lead as its chief marketing officer (CMO). Adam Rostom moves from Babylon Health, under the [...]
London’s hospitality sector to lose £2.3bn as commuter numbers lag October 25, 2021 The slower return of commuters aboard trains could cost London’s hospitality sector £2.3bn, warned membership body Rail Delivery Group. Data from the group revealed that commuters into London are slower when it comes to getting back to the office, as on 41 per cent of pre-pandemic train commuters have returned, compared with 54 per cent [...]
Insulate Britain restarts sit-downs on London’s roads for beginning of half term October 25, 2021 Insulate Britain are pinned to the roads once again, in time for the start of the week-long half-term today, following a brief hiatus. The controversial environmental group, which seeks to properly insulate the UK’s homes in a bid to reduce CO2 emissions, began their sit-down at rush hour this morning, targeting roads in central London. [...]