Londoners avoid the office but visit parks en masse June 22, 2021 Visits to London’s central parks are back up to pre-pandemic levels but weekday commutes are far less popular, according to new data. Footfall in Regent’s Park has returned to 100 per cent of pre-pandemic levels, while Hyde park has seen 80 to 99 per cent of normal levels, according to provisional figures gathered by City [...]
Google Campus closes in the end of an era for London tech startups June 22, 2021 Google has decided not to reopen its London campus for startups, which formed part of the capital’s mini–Silicon Valley, saying it will offer services online. The coronavirus pandemic and working from home has likely swayed the decision to shut the seven-storey East London campus. “This shift demonstrated that, similar to the support we provide in [...]
London hedge fund White Square Capital shuts after swallowing lofty GameStop losses June 22, 2021 London-based hedge fund White Square Capital will close its doors today, according to reports, following its lofty losses in GameStop’s first ‘meme stock’ rally in January. White Square bet against the US retailer GameStop, the Financial Times first reported today, which led to a percentage loss hitting double-digits at the beginning of an already tough [...]
The vaccine race is on: London borough winners and losers June 21, 2021 Richmond currently wears the crown as the London borough that has vaccinated the highest proportion of its adult population, according to the latest NHS data. The south west London borough has vaccinated 132,627 of its residents with a first dose – 85 per cent of its 156,399 population over the age of 16. Richmond also [...]
Deplatformed: Vodafone customers seethe after it ditches free wifi deal on Tube June 21, 2021 Out of service: Vodafone customers seethe after it ditches free wifi deal on Tube
Lunch markets are back on the menu at Guildhall Yard June 21, 2021 | City Talk Mouth-watering cuisine from around the world will be on offer when lunch markets return to Guildhall Yard on Wednesday (June 23rd). Stalls will be serving up food from across the globe – covering everything from Turkish wraps to paella, Thai and Chinese dishes to German hotdogs and Mexican burritos. Visitors are being encouraged to take [...]
Why the Covid Recovery Commission is right to put focus on skills June 21, 2021 | City Talk The City of London Corporation is urging Square Mile SMEs to get involved in discussions about how to support the recovery from the COVID-19 pandemic and enable growth into the future. The SME Strategy Focus Groups will be used to help inform the City Corporation’s very first strategy aimed at small to medium sized businesses. The new strategy is being developed to identify [...]
London’s Capita sells government joint venture Axelos for £380m June 21, 2021 London-headquartered outsourcing firm Capita has sold its UK government joint venture Axelos for £380m, as Capita looks on track for growth for the first time in six years. Shares rocketed 6.03 per cent in this morning trading, taking its share price to 39.91p per share. The joint venture, set up by the firm with the [...]
Unicorn nest: UK hits milestone of 100 $1bn tech companies, more than rest of Europe combined June 20, 2021 The UK tech sector has now 100 UK tech companies valued at $1bn or more, according to new data from Dealroom and Tech Nation, shared with City A.M. this weekend. The UK’s 100th tech unicorn, Tractable, an AI startup building computer vision tools, announced a $60m Series D raise, which takes the company’s valuation to [...]
France targets City of London firms in post-Brexit ‘Choose France’ push June 20, 2021 French President Emmanuel Macron has began a new push to bring City of London firms to Paris post-Brexit. JP Morgan chief Jamie Dimon and Goldman Sachs boss David Solomon have been invited to Macron’s “Choose France” event at the Palace of Versailles on 28 June, where the President will try to make the case for investment in [...]