Luxury watchmaker Bremont pumps £25m in new London hub March 23, 2021 Luxury watch manufacturer Bremont is expected to boost the market in the UK with a watchmaking hub in London. The £25m investment is expected to bolster the company’s headcount by 20 per cent, reaching 180 employees within two to three years, in a bid to focus its supply chain in the UK. “For over 60 [...]
Hitting the right note: Piano Works to double bar tabs for May reopening March 23, 2021 After a year of closure caused by lockdown, fans of The Piano Works have not had much to sing about recently. But the iconic ivory-tickling venue today announced it will now be among the first to reopen in May, bringing some much-needed music to their ears. The singalong favourite is now taking bookings for its [...]
City Corporation marks one year anniversary of UK’s first COVID lockdown March 23, 2021 | City Talk A national day of reflection is being held today [23 March] to commemorate the anniversary of the UK’s first lockdown during the COVID-19 pandemic. Lord Mayor of the City of London William Russell said: “A year on from the first lockdown, it is a time of reflection for us all. “These past 12 months have [...]
Half of CEOs don’t expect a return to normal this year, but the push to embrace remote working stalls March 23, 2021 Half of CEOs don't expect a return to normal until 2022, but their push to embrace remote working has stalled, with fewer downsizing offices or advertising fully remote job postings
Clean air and recycling dominate London’s top environmental awards March 22, 2021 | City Talk Firms tackling air pollution and championing recycling have been recognised at the Clean City Awards, the capital’s environmental ‘Oscars’. The financial services sector triumphed, with the Bank of England and Investec PLC praised for their work in tackling environmental issues. The scheme, now in its 26th year, rewards City businesses leading the way in improving their [...]
City Corporation launches public consultation for revised City Plan March 19, 2021 | City Talk The City of London Corporation has today launched a public consultation for the revised City Plan 2036 and is calling on all those affected – including workers, businesses and residents – to provide feedback. The plan sets the strategic direction on future development of the City over the next 15 years and includes the vision, strategy, objectives and [...]
Entire Pride in London advisory board quits over bullying claims March 19, 2021 All 10 members of Pride in London’s community advisory board (CAB) have resigned, citing a “hostile environment” for volunteers of colour. In an open letter published today, the board members pointed to a culture of “bullying, gaslighting and marginalisation” at the organisation and said they had “no other option” but to step down. They called [...]
Almost one in 10 Londoners to be unemployed by the end of the year March 19, 2021 Almost one in 10 Londoners are set to be unemployed by the end of the year as the pandemic continues to wreak havoc on the economy, grim new figures have revealed. The unemployment rate in the capital is set to hit 9.4 per cent — or 464,000 economically active residents — in December, according to [...]
Exclusive: ‘EU will remain our key trading partner’, says London’s Deputy Mayor for business March 19, 2021 Last week it was announced that the rapid rollout of Covid-19 vaccines has led to business confidence hitting its highest levels in three years. The increase has been driven by the success of the vaccine rollout, especially in the UK, which has left firms more confident that restrictions will soon be lifted. Despite the increased confidence, UK’s [...]
Payments group Wise mulls direct London listing March 19, 2021 Payments company Wise, formerly known as Transferwise, is reportedly looking to list in London without selling new shares to investors. Upheld as one of the UK’s most successful startups, having reached unicorn status in 2015, Wise has long been considered a candidate for an IPO. The fintech, which was most recently valued by private investors [...]