Biblical rains pour on London, flooding areas and dampening summer hopes July 13, 2021 London was subject to rains of biblical proportions yesterday, which saw cars submerged and abandoned amid flash flooding, as July dampens summer plans for Londoners. The most severe flooding was spotted in parts of North and West London and has continued to cause travel chaos for Londoners. The Circle line was suspended this morning, while [...]
Banking shares jump after Bank of England gives OK for dividends, bonuses and buybacks July 13, 2021 Banking shares jump after Bank of England gives OK for dividends, bonuses and buybacks
Kate Middleton-favoured maternity brand Seraphine eyeing £150m IPO July 13, 2021 Online maternity and nursing brand Seraphine is looking to raise just over £150m in its London IPO, floating on the tech-crazed market for the first time today. Today’s float, which commenced at 08:00, will see Kate Middleton’s go-to maternity brand’s shares set at 295p per share under the ticker “BUMP”. Around 50 per cent of [...]
Revolution Beauty to make stock market debut July 13, 2021 Revolution Beauty are plotting a float on London’s alternative markets valuing the company at nearly half a billion pounds. The float has received strong support from shareholders and was significantly oversubscribed, the UK-based firm said this morning. Read more: Asos enters deal with Nordstrom to bolster Topshop’s US presence Adam Minto, the beauty firm’s boss [...]
Chaos at Heathrow Terminal 5 as staff forced to self-isolate July 12, 2021 Chaos at Heathrow Terminal 5 as staff forced to self-isolate
Have your say on plans to protect City against rising sea levels July 12, 2021 | City Talk The City of London Corporation has launched a public consultation on its proposed Riverside Strategy which aims to protect the Square Mile against rising sea levels as a result of climate change. The pioneering strategy is the first of its kind in the capital and sets out how to ensure the Square Mile’s River Thames flood defences continue to [...]
Exclusive: Workplace guru Ken Corish on how to create a positive work environment remotely July 12, 2021 City A.M. reported last week that around two out of five people living and working in inner London could continue their roles remotely after the pandemic, despite the UK heading for Freedom Day on 19 July. London risks losing more than 835,000 jobs as the pandemic sparks a permanent shift to more flexible working patterns, [...]
UK firms to hire more staff as Covid recovery boosts confidence July 12, 2021 UK firms to hire more staff as Covid recovery boosts confidence
Exclusive: Businesses overpaying corporation tax up by 26 per cent to record £11.5bn July 12, 2021 Businesses claimed back a record £11.5bn in overpaid corporation tax from HMRC last year, a jump of 26 per cent from £9.1bn the year before, according to data by accountancy firm UHY Hacker Young, shared with City A.M. this afternoon. The firm stressed it is “extremely likely” that these refunds are merely “the tip of [...]
Credit Suisse chief compliance officer resigns as shake up continues in the aftermath of Greensill July 12, 2021 Credit Suisse’s chief compliance officer will depart the bank as it continues a shake up by its new chairman in the wake of a series of costly scandals. The banking giant announced that its Swiss chief compliance, Floriana Scarlato, would leave with immediate effect to explore opportunities elsewhere. Recently appointed chairman Antonio Horta-Osorio has vowed to [...]