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 [...]
Supreme Court rules care companies do not have to pay sleep-shifts March 19, 2021 The Supreme Court has dismissed appeals this morning to pay hourly for sleep-in shifts, a sigh of relief for care companies and investors but a setback for carers and healthcare staff. The ruling in the Mencap v Tomlinson-Blake case means the time a worker is required to sleep on site does not count towards minimum [...]
Hollywood real estate firm expands £350m east London film studio project March 19, 2021 Plans for a major new film studio complex in east London have been given a further boost after the scheme’s Hollywood backer announced it was pumping a further £50m into the project. Hackman Capital Partners (HCP), which owns studios where classics such as Citizen Kane and Gone With the Wind were filmed, last year took [...]
Government offers extension of emergency TfL funding deal until May March 18, 2021 The government has today offered to extend its emergency funding deal with Transport for London (TfL) until May, ensuring that services will be able to continue running. The proposed deal would be TfL’s third bailout in the past year, after the body’s revenue plummeted by more than 90 per cent last March during the first [...]