Covid-19: Surge testing and vaccines to be introduced in Hounslow May 19, 2021 Surge testing and additional vaccines will be rolled out in Hounslow amid concerns about the spread of Indian Covid-19 variant. Health secretary Matt Hancock today told MPs that cases of the new Covid variant now stood at almost 3,000 after increasing by almost a quarter since Monday. As a result, surge testing and extra vaccine [...]
Croydon tram crash: Driver may have had ‘micro-sleep’ May 19, 2021 The driver of a tram involved in a fatal crash in Croydon in 2016 may have been “disorientated” following a so-called micro-sleep, an inquest has heard. Simon French, chief inspector for the Rail Accident Investigation Branch (RAIB), said there was evidence the driver thought he was travelling in the wrong direction. He told an inquest [...]
US law firm eyes City skyscraper 22 Bishopsgate for new headquarters May 19, 2021 A US law firm is said to be eying up office space in the new 22 Bishopsgate skyscraper, marking a major show of confidence in the City after the pandemic. Skadden, Arps, Slate, Meagher & Flom is closing in on a deal to lease several floors in the building, which is the largest building in [...]
London houses now average £500,000, as UK-wide prices rise at fastest rate in 14 years May 19, 2021 London houses now average £500,000, as UK-wide prices rise at fastest rate in 14 years
City Moves: Who’s switching jobs in the Square Mile this week? May 19, 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. Ex Co-op CEO joins Boomin’s board Property site Boomin has bagged itself a retail veteran this week, who is set to join the board as a non-executive director at its next [...]
Dunelm sales better than expected thanks to lockdown living space upgrades May 19, 2021 Homeware’s retailer Dunelm enjoyed a better-than-expected sales lift over the tail end of the UK’s third national lockdown, the group said today, despite only being able to trade for five weeks after the 12 April easing of restrictions. Customers were able to flock to stores in mid-April after a winter lockdown, despite the reduced trading [...]
Future’s revenue surges 89 per cent with eCommerce and media lockdown boost May 19, 2021 Specialist media platform Future saw its revenue surge 89 per cent in the six months to 31 March, following growth in its eCommerce and media divisions amid global lockdowns. The group, which bought Marie Claire US earlier this month and the UK edition last year, saw its revenue lift to £272.6m from 144.3m in the [...]
UK tech industry grows tenfold in last decade as London leads Europe May 19, 2021 The UK tech industry has expanded tenfold over the last 10 years as London continues to close the gap on Silicon Valley. Between 2010 and 2020 the number of British unicorns — private tech firms valued at more than $1bn — grew from eight to 81, while the number of companies nearing unicorn status also [...]
$1.1bn EU pre-owned private jet market rebounded in the UK in 2020 May 18, 2021 The UK’s wealthiest bought 14 pre-owned private jets last year, worth $118.2m in total, nearly triple the number in 2019 due to pandemic travel restrictions, according to private jet broker Colibri Aircraft. The UK’s rebounding figure was because the pandemic grounded flights across the world, a spokesperson told City A.M. “There’s one client who said [...]
Shell’s shareholders vote for its climate strategy, despite growing support for its activist rival May 18, 2021 Energy giant Shell saw its shareholders overwhelmingly support the company’s energy transition strategy today, despite growing backing for a second climate resolution filed by an activist group. An advisory vote on its climate strategy, which meant it was a non-binding resolution, won 88.74 per cent shareholder support at its annual general meeting (AGM) today. The [...]