‘No parade, no protest’: London Pride cancelled due to Covid restrictions August 6, 2021 This year’s Pride celebrations in London have been cancelled due to Covid-19 restrictions, the event’s organisers have confirmed. The flagship LGBTQ+ event, which was first postponed from 11 June to September, had been expected to attract some 35,000 people. Organisers, who performed risk assessments for the event, said the parade could not be held within [...]
London compared: How hard has your borough been hit by Covid-19? August 6, 2021 Almost three weeks after the majority of restrictions were lifted in the UK on “Freedom Day”, City AM analysis has revealed which London boroughs suffered the most Covid deaths during the last year of the pandemic. From the onset of the pandemic in March 2020 to when the UK’s third lockdown began to wind down [...]
Jab and coke: Heaven nightclub to open a pop-up vaccination centre August 5, 2021 Heaven nightclub will be the scene of a very different kind of afters on Sunday afternoon as the NHS opens a new vaccination centre. Heaven, which is located in Soho and is home to club nights such as G-A-Y, will act as a pop-up vaccination centre from midday until 9pm for all Londoners who have [...]
Sadiq Khan wants to make not wearing a mask on Tube a criminal offence August 5, 2021 Refusing to wear a face mask on the Tube should be made into a criminal offence, Sadiq Khan has said. The mayor of London wants the government to introduce a new bye-law that would enshrine face mask wearing on Transport for London (TfL) in law. Wearing a face mask in enclosed spaces is no longer [...]
Pensions group Royal London sees managed assets hit a record £153bn high August 5, 2021 Pensions and life insurance firm Royal London’s assets under management have hit a record high at £153bn in the past six months. Climbing higher from £148bn in late December, the group put the growth down to positive market movements and net inflows in the six months to 30 June. The group pulled in profit before [...]
Investors pile £12bn into UK-listed companies, hoisting the market above pre-pandemic levels August 5, 2021 UK listed companies have raised more than £12bn in fresh capital from investors in the first half of this year, building the market back above pre-pandemic levels. The pandemic caused a resurgence in UK capital markets activity last year, with funds raised by listed companies peaking at its highest level in over a decade. Investors [...]
Bargain hunt: One in three London homes fetch lower asking price August 5, 2021 London’s property market has become a buyer’s market, driven by demand flowing out of the capital and into areas such as the commuter belt since the onset of the Covid crisis, according to new figures published today. Research by London estate agent Benham and Reeves reveals nearly one in three properties in the capital have [...]
London hailed as world’s ‘city of choice’ in quality of life report August 4, 2021 London has topped the rankings out of 80 cities around the globe for a higher quality of life and social capital, according to a new report. The mammoth survey by Boston Consulting Group analysed responses from 25,000 residents in 80 cities around the world and using over 150 metrics. The UK’s capital won the title [...]
Labour demand answers as Marble Arch Mound is made free August 4, 2021 Labour councillors have called for an investigation into the Marble Arch Mound after its high-profile “flop” since its opening last week. The £2m project had to be closed after two days but will now reopen for rest of August, free of charge to all visitors. The Labour councillors have called for an independent investigation into [...]
City Moves: Who’s switching jobs in the Square Mile this week? August 4, 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. TopHat appoints former McLaren group boss as CFO Goldman Sachs-backed housing company TopHat has bagged McLaren’s former boss as its new chief financial officer to join its King Cross offices. Paul Buddin, who left the McLaren [...]