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 [...]
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 [...]