Local councils in Britain staring into £3.1bn funding blackhole August 25, 2021 Local councils in Britain will look to scrap projects and essential services as they grapple with a combined £3.1bn funding blackhole. Councils across England, Wales and Scotland face record financial shortfall in 2022/23 which will likely will lead to huge service and staff cuts at local authorities unless the government urgently finds the money to protect communities, the Unison union [...]
Property Special: London’s most affordable postcodes, up and coming areas, best for schools and to invest August 25, 2021 The property market has boomed over the past year, thanks to the stamp duty holiday which has given a lot of first-time buyers the opportunity to get their foot on the property ladder. Coupled with the introduction of the new government backed 5 per cent deposit scheme, designed to help home buyers, the market isn’t [...]
Inmarsat bids farewell to Old Street as it takes up new City HQ August 25, 2021 Inmarsat will be leaving its iconic headquarters in Shoreditch to take up new office space in the City. The British satellite giant has pre-let 121,00 square feet at 50 Finsbury Square, marking an end to its towering presence on Old Street roundabout. The move is the latest example of downsizing by a major British company [...]
The CA Summit 2020: experts discussed the future of the City of London and trade negotiations between the US and UK August 25, 2021 | City Talk Ahead of CA Summit 2021, revisit the Learn Chapter of last year’s event which saw experts discuss key issues business professionals are facing, including the future of the City of London and trade negotiations between the US and UK. Book your place now for CA Summit 2021 The future of the City The COVID-19 pandemic [...]
Protecting residents, workers, visitors, and businesses in the famous “Square Mile” is the mission for the City of London Police August 24, 2021 | Sponsored The Greater London area is a sprawling metropolis, with a population of more than 14 million. But the City of London itself is just 1.12 square miles with about 8,000 residents. Known as the “Square Mile,” the City is London’s primary business district and a major financial centre that’s home to the Bank of England [...]
London property managing platform Plentific bags $100m in fresh funding August 24, 2021 London-based Plentific, which operates a property management platform, has pulled in $100m (£72.8m) in its latest funding round. The Series C fundraiser, led by fresh investors Highland Europe and Brookfield Technology Partners, is set to finance its expansion plans across the US and the rest of the world. Investors old and new piled into the [...]
Wood boss hails ‘momentum’ despite revenue dive as order book swells to $7.7bn August 24, 2021 Energy infrastructure group Wood has seen its orderbook swell to $7.7bn in the past six months, while revenue has taken a tumble. Shares had slipped 0.64 per cent to 232.1p per share, following the announcement. Revenue sank 22.9 per cent in its interim results for the six months to 30 June, which the group put [...]
Impact investing is increasingly a buzzword in the City as millennial investors take over August 24, 2021 Impact investing, the strategy to make financial profits but create a long-standing, positive impact on our world, in the process, is becoming increasingly ‘a thing’ in the City and other financial hubs around the world. Many investors are hyper-aware of what is happening around them, with factors such as corporate social responsibility (CSR) making a [...]
US stocks open higher to cancel out last week’s rout August 23, 2021 US stocks rose sharply today to help claw back sharp losses registered in last week’s deeply volatile trading environment. The blue-chip S&P 500 jumped 0.95 per cent to 4,483.95 points, while the Dow Jones climbed 0.72 per cent to 35,372.11 points. The tech-heavy Nasdaq was on track for another record high, surging 1.59 per cent [...]
Extinction Rebellion: Giant climate talk table set up in Trafalgar Square August 23, 2021 Climate activist group Extinction Rebellion have erected a giant pink table in the centre of London today, in their bid to ensure everyone gets a seat at the table of discussion when it comes to the warming climate and its impacts. The four-metre structure, which reads “come to the table” and has been fit [...]