Wood Green man dies two days after altercation with Metropolitan Police July 27, 2021 A man who was reportedly behaving “erratically” while carrying a knife and then handcuffed by police officers has died, Scotland Yard has confirmed. The Metropolitan Police said that officers were called to a home in James Gardens in Wood Green, north London, at around 8.10pm on Thursday following concerns for the welfare of a male [...]
Barings coughs up £130m for Capital House in the City July 27, 2021 Real estate investment manager Barings announced they have acquired a Grade A office building in the City of London for £130.5m from a German retail real estate fund. The global company gained Capital House, a 126,000 square foot office, retail, and ancillary space with 55per cent of the building currently being let to the likes [...]
Sadiq Khan convenes roundtable in response to London flooding July 27, 2021 The mayor of London, Sadiq Khan, will sit down with key partners from TFL, the London fire brigade, water companies, London councils and the Environment agency today to discuss recent flooding incidents in the capital Impact reduction and future flood prevention measures are the key focus. Recent flash floods have brought life to a standstill [...]
Boris Johnson and Kenyan president to host global education summit in London July 26, 2021 Prime Minister Boris Johnson will co-host a global education summit with President Uhuru Kenyatta, who arrives in London tomorrow. The summit, which takes place between 28-29 July, aims to raise $5bn to educate children across the developing world over the next five years. The two leaders are expected to discuss the progress across all areas of [...]
LSE-listed Kanabo to buy distributor and stoke European cannabis uptake July 26, 2021 Kanabo, the first medical cannabis company to list on London’s top market, is set to buy a distributing company as it plots expansion into Europe. The deal with Materia, a processor and distributor of medical cannabis and CBD products, will make Kanabo Europe’s largest public cannabis company. Kanabo’s board has been eyeing new partnerships to [...]
Cash holdings: UK corporates’ £109bn warchest increasingly a rival to private equity in M&A July 26, 2021 UK corporates have seen their aggregate net cash holdings rise from £20bn to £109bn since March 2020 and the start of the Covid pandemic, a jump of 500 per cent. The build up in cash balances has been so dramatic that UK corporates are increasingly seen as a serious rival to private equity funds in [...]
London flooding: More rain as Londoners call out climate change July 26, 2021 London saw more rain yesterday which flooded roads, tube stations and homes, just days after health warnings were issued amid 30C heat. Government flood warnings and alerts have been issued to several areas around the city, with neighbourhoods nearby rivers hosting the most warnings. Areas like Harrow, Hillingdon, Ravensbourne through Lewisham, Bromley and Greenwich have [...]
Heathrow warns UK falling behind Europe as losses hit £2.9bn July 26, 2021 Heathrow Airport this morning warned that it was falling behind European rivals because of the continuing restrictions on international travel. The UK’s largest airport said it had racked up losses of £2.9bn over the past six months, as vaccination travel rules and pricey tests continue to hamper the airline industry’s recovery. Passenger numbers remain a [...]
Two London hospitals announce major incident after severe flooding in the capital and south east July 26, 2021 The Environment Agency has six flood warnings in place across the country’s south east as the major incidents continue to affect two of the capital’s hospitals. Whipps Cross Hospital has announced it has been forced to evacuate around 100 inpatients owing to flooding. An entire block is currently without power with no timeline as yet [...]
Visitors migrate back to London’s West End as venues throw open their doors July 26, 2021 Visitors are beginning to migrate back to London’s tourism spots like the West End, as last week’s ‘Freedom Day’ meant theatres and clubs could throw open their doors for the first time in over a year. Last week’s heatwave meant locals and visitors alike could make the most out of London’s reopening – before the [...]