UK listed companies set for rebound after brutal pandemic hit July 14, 2021 UK listed companies saw a record decline over the course of the Covid-19 pandemic, but recovery is already underway and predicted to rapidly pick up. Investment manager J O Hambro Capital Management today said the pandemic was deeper and more widespread than any other downturn in recent history. The impact of the coronavirus pandemic was [...]
Calls for UK to match European business support from £4.6bn post-Brexit EU fund July 13, 2021 A new report has called on the government to clarify if it will support British firms if they are affected by an uneven playing field that could be created by a €5.3bn fund subsidising its Brexit-impacted industries. If EU countries decide to use much of the new Brexit Adjustment Reserve funds to subsidise private businesses as [...]
Tate Modern to turn into walk-in mass vaccine hub July 13, 2021 The Tate Modern will turn into a mass walk-in Covid-19 vaccination centre this Friday night, offering first and second Pfizer jabs to anyone over 18. The iconic venue will be hosting the pop-up vaccine site in its Turbine Hall, offering Londoners exclusive access to galleries for the night and a unique setting to get protected [...]
‘Wasteminster’: Greenpeace offloads mass of plastic outside Downing Street July 13, 2021 Activists from environmental charity Greenpeace have offloaded 625kg of plastic outside Downing Street today, while one activist donned a caricature mask of prime minister Boris Johnson. The amount of plastic is the same volume of plastic waste the UK exports every 30 seconds, according to the charity. “We hope this pile of plastic helps [...]
City of London Corporation chief says 19 July will ‘restore vibrancy’ in capital July 13, 2021 The City of London’s local authority welcomed the government’s announcement that “Freedom Day” will go ahead next week, helping the capital to bounce back from the pandemic. Catherine McGuinness, the City of London Corporation’s policy chair, said: “This is a light at the end of the tunnel for the many City businesses desperate to return [...]
London in need of affordable housing to power recovery, say insurers July 13, 2021 London will struggle to rebuild from the pandemic unless more affordable housing is built, insurers Legal & General have warned today. The L&G Rebuilding Britain Index show housing is the poorest performing measure – behind jobs and economic prosperity – with affordable housing falling flat in London and the South East and West of England. Nigel [...]
Looking on the bright side: Business owners optimistic about pandemic recovery July 13, 2021 As Freedom Day approaches, business owners have told City A.M. they are optimistic about the road to recovery, with many believing they make come out stronger as their e-commerce operations have matured as a result of the pandemic. Almost one in five of small business owners expect their revenues to grow by about 10 per [...]
Kier group ‘moderately ahead of expectations’ after attempts to slash debt July 13, 2021 Infrastructure services and construction group Kier, which worked on London’s HS2, has finished the year “moderately ahead of expectations”, it said today. The group has been on the receiving end of hefty government contracts, namely a £1bn prisons contract for the Ministry of Justice, for the year ending 30 June. Kier had also accepted a [...]
UK tech on track for second record-breaking year of Asian investment July 13, 2021 The booming UK tech sector received almost twice the amount of Asian capital in the first six months of 2021 as it did during the whole of 2020, paving the way for a second record year of regional investment. By the end of June, Asian and Middle Eastern investors funnelled over £1.7bn into UK tech [...]
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 [...]