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 [...]
‘What I Know Is…’: black professionals share their experiences July 20, 2021 | City Talk One of the main reasons for the under-representation of black professionals in investment management is the lack of knowledge and information about joining the investment profession and the opportunities that it can deliver. For the financial sector which is increasingly focused on sustainability and where corporates are increasingly rewarded for good ESG policies, ensuring that [...]
New creative projects will help power City’s COVID recovery July 20, 2021 | City Talk Five creative schemes designed to help the Square Mile recover from the pandemic have been given the green light today. Under the plans, businesses and creatives will work together to animate shops, offices and foyers across the City with art, boosting footfall and attracting people back into the Square Mile. Young people will learn new [...]
Women on City board seats up by more than a third since 2016 July 19, 2021 Women hold 39 per cent more positions on boardrooms than they did five years ago, according to a report by New Financial. The think tank published its evaluation of the impact of a government effort to increase gender diversity in the City’s financial services firms. The proportion of women sitting on boards across the UK [...]