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 [...]
‘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 [...]