Covid: London SMEs lost around £100,000 more than businesses elsewhere in the UK May 27, 2021 It is safe to say that UK SMEs have taken a large blow to finances since the Covid-19 pandemic closed shop doors, with 82 per cent feeling the tightening purse strings, according to freelance platform Fiverr. On average, UK SMEs have lost just under £192,000 in revenue in the last 12 months – while just [...]
Investors ‘begin to drop’ star stock picker Terry Smith as £360m flows out of UK’s largest fund May 26, 2021 Nearly £360m was pulled from the UK’s largest investment vehicle during the first three months of this year, putting the spotlight on the performance of City stock picker Terry Smith. Investors pulled roughly £360m from Fundsmith Equity Fund, which has an estimated £24.4bn in assets, according to Morningstar Data and reported by Wealth Manager. The [...]
City Corporation extends support for Square Mile SMEs May 26, 2021 | City Talk The City of London Corporation has today (26 May) announced it is extending the deadline for submissions to its Covid Business Recovery Fund to 30 June 2021. Eligibility has also been expanded to businesses with a trading premise, or a signed lease for a premise, in the City of London on or before 5 November [...]
Banknote printer De La Rue bags Bank of England contracts for new notes May 26, 2021 Banknote printer De La Rue has today reported it halved its net debt in the year to 27 March with Covid ‘turnaround’ measures, ahead of the group’s new £50 banknote due for release next month. Already creating a new banknote making its way to people’s pockets in June for the Bank of England (BoE), the [...]
City Moves: Who’s switching jobs in the Square Mile this week? May 26, 2021 City A.M.‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Johnson & Johnson hires EU consumer health director US pharmaceutical giant Johnson & Johnson has hired a new London-based area managing director for consumer health in northern Europe. Charmaine England, who [...]
Ready, set, go: Britain is bound for the next space race May 26, 2021 The UK is bound for a seat in the next space race, the transport secretary has said today, as the government preps for Virgin’s commercial Orbit mission – the UK’s first space-bound flight. The National Space Agency (NSA) confirmed on Monday that spaceflights will soon be a reality as the government has funded spaceports that [...]
Mitie: Covid and hybrid work prompted a makeover for cleaning tech – a mop and bucket won’t cut it May 26, 2021 The pandemic has given society the breathing space to redesign what a workplace should offer and in the age of the invisible virus, the humble mop and bucket won’t cut it. After a socially starved year, offices will likely become more collaborative and social in the future, adopting measures like ‘hot desking’. But these [...]
Temptation Isle: Is London City Island the hottest property ticket in town this year? May 25, 2021 Arising in East London are over 1,700 new flats and townhouses – on an island within the capital. London City Island is a new neighbourhood development inspired by the architecture of Tokyo and Chicago, according to its developers. The Island, created by EcoWorld Ballymore, has been referred to as a “Mini Manhattan”, according to estate [...]
Covid-19: Government warns against travel to or from Indian variant hotspot Hounslow May 25, 2021 Covid-19: Government warns against travel to or from Indian variant hotspot Hounslow
Over half of financial services professionals claim ‘greenwashing’ is rife in the industry, study says May 25, 2021 More than half of financial services professionals believe ‘greenwashing’ is rife within the industry, according to a study released today, as employees fear competitors intentionally inflate their sustainable practices. The study by data agency iResearch Services, which polled 550 decision-makers at financial institutions, also found that 38 per cent believe every business is operating ‘unethically’ [...]