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      Motor finance trade body gears up for legal challenge to £9bn redress

      Financial watchdog announces motor finance redress scheme, sparking potential banking sector mergers and acquisitions wave

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London

  • ‘Unravelled’ Paddington property agent jailed over death threats to John Bercow, Jeremy Corbyn and other MPs

    June 18, 2021

    A businessowner from Paddington was sentenced to one year in jail this afternoon after he bombarded MPs with a string of “vile” messages and email, including death threats. His victims included former Commons speaker John Bercow, ex-Labour leader Jeremy Corbyn, former home secretary Amber Rudd and SNP Westminster leader Ian Blackford. Paul Ritchie, pleaded guilty [...]

  • Notting Hill Carnival: Celebration cancelled for the second year running

    June 18, 2021

    The organisers of Notting Hill Carnival have announced that this year’s event will not take place on the streets “due to the ongoing uncertainty and risk Covid-19 poses.” Instead, the late August bank holiday event will go ahead online as it did last year. The move comes a few days after the government delayed the [...]

  • Exclusive: Home Office reverses decision to end digital right to work checks on Monday

    June 18, 2021

    The Home Office told City A.M. this morning it has decided not to end digital right to work checks this coming Monday, as initially planned. Instead, the checks that are needed to determine someone’s immigration status and right to work in the UK are allowed to be conducted online throughout the summer. “We are extending [...]

  • Elephant and Castle to welcome back beloved pink elephant statue next weekend

    June 18, 2021

    Elephant and Castle is to see the return of its beloved elephant statue next weekend after it was taken down for restoration. The statue, a replica of the one that stood above the Elephant and Castle pub from 1898 to 1959, was taken down earlier this year from outside the recently demolished shopping centre. The [...]

  • Unite Group sells two more student properties in London for £342m

    June 18, 2021

    Student accommodation developer Unite Group has sold two London properties for £342m, it announced this morning. Unite has sold the blocks with 1,358 beds in Wembley and Whitechapel to its London student accommodation joint venture (LSAV) with Singapore wealth fund GIC, in an effort to pay down debt. The company said that most of the [...]

  • London to Glasgow train record attempt falls short by… 21 seconds

    June 17, 2021

    An attempt to break the 37-year-old record for London to Glasgow by train ended with the Pendolino 39004 arriving at Glasgow Central Station 21 seconds over time. The previous record was set at 3 hours 52 minutes and 40 seconds in 1984 by a BR Advanced Passenger Train (APT). Pendoli-nope Officials said the attempt missed [...]

  • Teenage killings in London on track to be worst in decades, says Met

    June 17, 2021

    London is “on track” to suffer the worst year for teenage killings in over a decade if current rates of youth violence continue, the Metropolitan Police has warned. So far, 17 teenagers have been killed in London this year. Knife and gun violence could lead to the highest number of homicides among young people since [...]

  • Euro 2020: Ticket ballot launched for Londoners to watch England games in knock-out rounds at Trafalgar Square

    June 17, 2021

    The Mayor of London, Sadiq Khan, said today that the Euro 2020 Trafalgar Square Fan Zone will continue to host London key workers and community groups for the rest of England’s group stage matches, before launching a public ballot for tickets to watch any potential England games in the knock-out rounds. England’s victory over Croatia was cheered [...]

  • ‘Not up to government’: Return to office under threat as ministers mull legal right to work from home

    June 17, 2021

    Brits could be granted the right to work from home forever under shock post-pandemic plans being considered by the government. Ministers have proposed legal changes that would prevent employers from forcing staff to come into the office unless they can prove it is essential. The government will consult on the plan over the summer ahead [...]

  • Fintech firm Wise confirms plans for London stock market float

    June 17, 2021

    Fintech favourite Wise has confirmed plans to go public in what will be the first direct listing of a tech firm in London. The payments group, formerly known as Transferwise, said it has been profitable since 2017 and sales hit £421m this year. In 2021 the app moved £54.4bn across borders for 6m customers. The [...]

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