Fuel crisis: Petrol heading towards all-time high of 2012 as drivers face record prices October 6, 2021 Petrol is fast catching up with the all-time high of April 2012, having shot up by an additional £12 for a full tank in last one year. On top of the supply crisis, a barreling crude oil price has pushed price of unleaded by 1.5p in the month of September, just 6p short of 2012 [...]
UK’s oldest synagogue ‘saved for now’ as City of London Corporation rejects tower application October 5, 2021 The UK’s oldest synagogue has been “saved for now” as the City of London Corporation rejected a 48-storey tower block that would have put the historic site at risk of closure. The planning and transport committee for the Square Mile’s local authority today rejected the application by 14 votes to 7 in the wake of [...]
Johnson: ‘Sadiq Khan has not handled the finances of TfL well’ October 5, 2021 Prime minister Boris Johnson has criticised London mayor Sadiq Khan’s handling of Transport for London (TfL) finances, snubbing Khan’s plan to impose a £5.50 levy for those driving into London. The charge is intended to fuel London’s transport system, which is looking for some £8bn to fund an extension of the Bakerloo line to Lewisham. [...]
Police to be given greater powers today as Insulate Britain has ‘crossed the line’ October 5, 2021 Crime and Policing minister Kit Malthouse said this morning that Insulate Britain protesters have “crossed the line between exercising their right” and their responsibility to the public, and further measures to combat their tactics will be announced on later today. Speaking about footage of a paramedic dragging some of the protesters out of a London [...]
City Moves: Who’s switching jobs in the Square Mile today? October 5, 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. Capital Group Capital Group has hired a new Environmental, Social and Governance (ESG) Investment Director for its Europe and Asia Client group. Belinda Gan, who joined the investment giant on Friday, will report to the firm’s Head [...]
Return to work: Midweek-only office workers gain a new moniker October 4, 2021 Last Thursday was the busiest day for Farringdon, Canary Wharf, Bank and Monument stations since the pandemic began, as London’s commuters adjust to a new world of hybrid working Almost a hundred thousand people travelled through Bank and Monument stations. And since City workers were encouraged “back to school” from the beginning of September, footfall [...]
Future lifts full-year profit outlook as it snags a bout of new titles like The Week October 4, 2021 London-listed media group Future has upgraded its full-year profit outlook as it is on track to report yet another year of growth, reaping the rewards of the world’s swift pivot to online. “The board expects full-year adjusted operating profit to be at the top end of expectations1, following July’s upgraded forecast for the year,” Future [...]
Weekend of achievements: 30 fun new world records set at London Marathon October 4, 2021 A Londoner can boast she is now the fastest woman to finish a marathon in a cake, having competed in this year’s London Marathon. The effort by Anna Bassil, 42, of St Albans, is among 30 official Guinness World Records (GWR) titles which were broken as the Virgin Money London Marathon returned after last year’s [...]
Young Londoners want to stay in the city, but most are being priced out of properties October 4, 2021 Most younger Londoners do not want to move out of the capital to afford a home, but current property prices remain the biggest obstacle to being a homeowner for more than half of them, according to new research. The research, from affordable housing developer Pocket Living, also found that just two in ten of London’s [...]
Monday blues? Here is how 28 days of annual leave can turn into 68 days off work October 4, 2021 Thanks to the Queen’s Platinum Jubilee, Brits could enjoy 11 days off work while only using five days of holiday next year. In fact, a’ holiday hack’ shows how Brits can maximise their annual leave over the next 12 months: taking 28 days of annual leave could translate into 68 days off work. According to [...]