City businesses urged: keep following rules to stop rise in COVID infections June 15, 2021 | City Talk The City of London Corporation is urging businesses to follow the rules after concerns that there have been COVID outbreaks because of poor compliance with social distancing guidelines in some workplaces and hospitality settings. Chairman of the City of London Corporation’s Community & Children’s Services Committee, Ruby Sayed, said whilst everyone in the country is [...]
Rare orchids last seen in 2009 found on Nomura bank’s City rooftop garden June 15, 2021 A colony of rare orchids, once thought to be extinct in the UK, have been discovered growing on the rooftop of a Nomura office building in the City of London. The last time the orchids, known as Serapias parviflora, were spotted in the UK was in Cornwall in 2009 and are typically found in the [...]
Mean on green: LGIM oust four companies over ‘insufficient’ climate commitments June 15, 2021 One of London’s oldest fund managers Legal & General Investment Management has said today it will exclude four companies from some of its funds over their “insufficient” climate change response. US insurance giant AIG, the most notable of the divested companies, joins Chinese lender Industrial and Commercial Bank of China, US utility company PPL Corporation [...]
Whitehall shakeup: 22,000 roles may be moved out of London and external candidates for senior roles June 15, 2021 The government will today launch a reform programme that will see wide-scale reforms to the civil service, with jobs being moved out of Whitehall and senior jobs open to external candidates. The reforms include moving 22,000 civil servant roles outside of London by 2030, including 50 per cent of senior servant roles, and advertising all [...]
Executive pay gap: Men get paid 23 per cent more than women at director level June 14, 2021 Senior men get paid up to 23 per cent more than women, according to new research shared with City A.M. this evening. The gender pay gap is particularly substantial in senior positions and can be as high as 23 per cent for directors, while the associate level stands at 9 per cent, according to data [...]
Canary Wharf boss: ‘FOMO’ will bring staff back to the office June 14, 2021 Canary Wharf boss: Government must be clear on rules, but FOMO will bring people back to the office
London North Eastern Railway tables plans for speedier trains from May 2022 June 14, 2021 London North Eastern Railway (LNER) has tabled plans for more and speedier trains towards Edinburgh, Newcastle and York from May next year. LNER is eyeing next May to bolster the East Coast main line, after the original launch planned for May this year was pushed back due to the pandemic. London King’s Cross is set [...]
Footfall shrinks despite summer sun thanks to post-Bank Holiday blues June 14, 2021 Despite the UK being blessed with summer sun, footfall across all UK retail destinations last week was 18.4 per cent below 2019 levels. Meanwhile, Greater London has been hit by a 19 per cent drop in football, in comparison to highstreets the year before the pandemic, according to retail traffic counter Springboard. But in comparison [...]
Londoners most likely to work from home as uptake increases, ONS says June 14, 2021 Londoners are the most likely to work from home, the Office of National Statistics said this morning, as the proportion of the UK’s workforce opting for remote working swells. Workers who did any work from home in 2020 increased to 37 per cent on average from 27 per cent in 2019, according to the ONS’s [...]
Mortgages grow pricier than London rents for first time in four years June 14, 2021 With London rents diving amid a pandemic-induced city exodus, it is now cheaper to rent in the capital than own a home for the first time in four years. According to analysis by real estate agent Hamptons, city dwellers’ in rental accommodation are £251 better off following monthly payments than homeowners dishing out their mortgage repayments. [...]