Marble Arch Mound saga: Westminster Conservatives ‘lack financial control’, says Labour councillor October 20, 2021 Labour Westminster councillor Paul Dimoldenberg has accused the council of being ‘untrustworthy’ with public money following the £6m Marble Arch Mound saga. The Westminster Council yesterday published its internal review into how the costs for the project swelled from £2m to £6m within a matter of months. “The £6m Marble Arch Mound fiasco has shown [...]
Met Police: Officers to use video calls to verify themselves to lone women October 20, 2021 Plain-clothes police officers stopping lone women will be able to confirm their identity through a video call, says Commissioner Dame Cressida Dick. The commissioner told the police and crime committee at City Hall that she will soon be launching the “Safe Connection” initiative. The initiative will allow plain clothes officers to verify themselves via video [...]
London’s Satellite Vu bags £15m in Series A as it plots to decarbonise the housing sector October 20, 2021 London-based space tech scale-up Satellite Vu has raised £15m in Series A funding, as it readies plans to launch seven thermal and infrared imaging satellites into orbit. The satellites will be able to provide real-time data on how green, or energy efficient, every building on the planet is – as the UK seeks to decarbonise [...]
London Irish’s home comforts aren’t enough. They need a win October 20, 2021 Exiled from the capital for over two decades but now finding their feet back in the Big Smoke, there is a charm to the London Irish story. Moving home is never easy, but in the Brentford Community Stadium they have a more permanent base. Now they need to show they can make it work on [...]
Broadband gloves are off: Virgin Media O2’s £31bn post-merger data war with BT’s EE has begun October 20, 2021 Virgin Media O2 has kicked off its expected broadband and mobile data battle with British Telecom, with analysts welcoming the increased competition. Customers of both Virgin Media and O2 will see their pay monthly mobile data allowance to be doubled, while broadband speeds will be upgraded to the next available tier, free of charge. It [...]
Home away from home offices: Employees ears are not burning, but the 2-ply toilet roll might be October 19, 2021 Boris Johnson’s recent announcement that “you have got to be able to come in [to the office] … and know what everybody is talking about … otherwise you are going to be gossiped about and you are going to lose out”, has caused a mixed outpouring of bemusement, derision and mirth. “How can anyone [...]
Confidence in London’s financial pulling power remains high among wealthy Brits October 19, 2021 High-net-worth-individuals (HNWIs) in the UK have a positive outlook for the prospects of the economy with most singling out London as the driver behind UK Plc, according to new data shared with City A.M. this morning. Confidence in London’s financial pulling power remains, with 68 per cent saying that London will continue to be Europe’s [...]
Brexit: Drop in UK-EU trade hits smaller businesses as they are forced to shun exports October 19, 2021 A fall in trade between the UK and EU shows UK small and medium sized enterprises are increasingly shunning EU exports. The latest data from the Office for National Statistics shows a second consecutive monthly fall in trade, with the effects of Brexit and the global pandemic resulting in the total exports of goods, excluding [...]
City Moves: Who’s switching jobs in the Square Mile today? October 19, 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. Azets Accountancy and business advisory services Azets has promoted Naomi Wells to Tax Partner. After joining the firm in 2015, Wells has been promoted several times, including to Associate Director in January. The appointment is one of [...]
Foreign investors pile into London’s green dream, making it the ‘cleantech’ capital of Europe October 19, 2021 London was the leading city in Europe for ‘cleantech’ projects last year, with investors piling into the cause as the UK chases its net zero target and maps its ‘levelling up’ agenda. The UK snagged one in six of all foreign direct investment that came in behind cleantech last year, according to Big Four firm [...]