Daniel Morgan: Met and Cressida Dick accused of ‘betrayal’ over 1987 unsolved murder July 21, 2021 London’s police force has been accused of a “betrayal of the public” and continuing to “lack candour” in its statements over the unsolved murder of private investigator Daniel Morgan. The Metropolitan Police were accused of institutional corruption by an independent panel over the 1987 killing, which has remained unsolved despite at least four police investigations [...]
Somerset House brings all the fun of the fair to its courtyard July 21, 2021 The Somerset House courtyard has become a staple of the winter calendar with its picturesque ice rink and warming cocktails. But a new summer installation by artist-architect Yinka Ilori could make it one of the most sought-after summer hangouts, too. The huge courtyard has been transformed into a “a joyful spectacle of colour, sound and [...]
Bank of England Andrew Bailey concedes shortcomings in diversity July 21, 2021 Governor Andrew Bailey has promised to do more to address systemic racial inequality after a review found “material disparities” persist at the Bank of England. Staff from ethnic minority backgrounds were less likely to be promoted, received smaller bonuses and were afforded fewer opportunities for career development and progression than their white colleagues, according to the [...]
London Mayor announces funding for capital’s high streets post-pandemic July 21, 2021 The Mayor of London, Sadiq Khan, has announced funding for 35 projects across London to ensure the protection of the capital’s high streets post-pandemic. The high streets of London were heavily impacted by the pandemic. The British Retail Consortium estimate there are about 5,000 fewer shops since the pandemic started. The high streets have also [...]
City Moves: Who’s switching jobs in the Square Mile this week? July 21, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Ex-UBS and Canary Wharf Group chiefs join construction-tech firm British construction technology company Modulous has bolstered its London workforce with former Canary Wharf and UBS leads this week. Former director of the Canary Wharf Group Chris [...]
Watch: London’s Royal Albert Hall reopens at full capacity July 20, 2021 Prestigious London performance and events venue the Royal Albert Hall has reopened at full capacity for the first time since March 2020, but said the pandemic has been financially devastating. Watch the full report.
Exclusive: Sharp drop in fines against finance directors as HMRC has ‘bigger fish to fry’ July 20, 2021 The number of penalties issued personally to finance directors at large businesses by HMRC has dropped from 148 to just 20 in a year, according to new data, shared with City A.M. today. Law firm Pinsent Masons said that much of the fall in the number of fines against finance directors is due to HMRC [...]
In pictures: London basks in sweltering temperatures July 20, 2021 The mercury could climb as high as 33C over the next few days, which is hotter than top European holiday destinations such as Marbella, Mykonos and Tenerife. The Met Office has also issued an amber extreme heat warning for parts of Wales, all of south-west England and parts of southern and central England. Meanwhile, Public [...]
The City of London’s Al Fresco dining is here to stay for one more year July 20, 2021 The City of London Corporation has agreed to ease the weight on the hospitality industry by offering free pavement licences for one more year. Amid table number and household restrictions, the UK’s hospitality sector has been making use of pavements for extra Al Fresco seating. “We expect the buzz of the City will swiftly return [...]
£15bn worth of London homes sit empty, as Londoners squabble over supply July 20, 2021 The value of London’s homes sat empty has racked up to £15bn, according to new data, as a rung on the property ladders edges further away from Londoners. London has made a name for itself as a destination for ultra-wealthy buyers to snap up prime real estate as assets and holiday homes, while prospective homeowners [...]