EDF owned Pod Point set to raise £120m in London IPO next month October 18, 2021 Pod Point, an electric vehicle charging company majority owned by EDF Energy, is set to rally £120m in fresh funds from its London float which is due to land on the exchange next month. The initial public offering (IPO), which the firm announced last week, will see Legal & General Capital Investments sell off a [...]
London’s Walkie Talkie skyscraper evacuated after fire breaks out October 15, 2021 The Walkie Talkie building in the City of London has been evacuated due to a fire, according to reports. At least three five engines are lined along Fenchurch Street, while evacuees and customers of Sky Gardens, one of the City’s top tourist destinations, stand outside. The police and an ambulance are also the scene. More [...]
Not a good Friday: Five Londoners taken to hospital as driver crashes into shop in Walthamstow October 15, 2021 A vehicle collided into a shop in Walthamstow, the London Fire Brigade said this morning. One man left the vehicle as firefighters arrived and five people were taken to hospital by London Ambulance Service crews. Station Commander David Murphy, who was at the scene, said: “Crews arrived to find a vehicle that had passed through [...]
UK investors play it safe, while Chinese take risks and Indians are all over crypto October 14, 2021 Affluent to ultra-high-net worth investors in the UK are the most conservative in terms of investment risk among international peers, according to new research, shared exclusively with City A.M. today. More than half of wealthy UK-based investors rated themselves as conservative in terms of their approach to risk, with 20 per cent describing themselves as [...]
Covid-19: Javid criticises London NYE fireworks cancellation as cases climb October 14, 2021 Health secretary Sajid Javid has criticised London mayor Sadiq Khan’s decision to cancel London’s coveted fireworks show for the second year running. Khan cancelled the show due to concerns of Covid-19. Though data from the UK Health Security Agency has shown that cases are rising in all regions in England, with the East Midlands having [...]
Pure Gym close to bailing out of £1.5bn London listing October 14, 2021 The UK’s largest gym chain Pure Gym is reportedly close to abandoning its £1.5bn London float. The company could decide sometime this week whether it will go ahead with the listing, Sky News’ Mark Kleinman first reported. Though the initial public offering (IPO) had not been formally announced, Pure Gym had confirmed in August that [...]
TfL moves to open Night Tube next month on Central and Victoria lines October 14, 2021 Sadiq Khan has announced today that the Night Tube will be back open next month on the network’s two largest lines. The 24-hour weekend London Underground service will resume on the Central and Victoria lines, after being suspended at the start of the Covid-19 pandemic. It comes after a wave of complaints in recent weeks [...]
BREAKING: Entire Three Mobile network down, as well as Instagram, The Times, other websites October 14, 2021 Dozens of social media users are reporting that multiple websites across the UK are currently down, including Facebook-owned Instagram and newspaper The Times. It seems the problems started about 15 mins ago. Also, it appears the entire Three Mobile network is down, as users are unable to make or receive any calls. The company wrote: [...]
Salary slaves: 2021’s best and worst paid industries and the UK’s fastest-growing sectors October 14, 2021 Earlier this week, City A.M. revealed private equity firms are prepared to pay junior staff with less than two years experience an average salary of more than £152,000, a jump of 52 per cent compared to two years ago. For those with two to four years of experience, an salary of around £181,000 has become [...]
Londoners’ petrol and energy costs up by record 20 per cent in last two weeks alone October 14, 2021 Analysis of Brits’ debit card data shows this morning that September 24 saw the highest amount spent on fuel in a single day since Lloyds Bank records began. The peak fell the day after BP and Tesco closed some filling stations due to problems with fuel delivery. Across the UK, people spent a fifth (20 [...]