Covid: UK bank lending surged £29.3bn since March, surpassing EU March 29, 2021 UK bank lending has surged by eight per cent to keep businesses afloat since the pandemic began, surpassing EU lending, according to a new study by UHY released this morning. Banks have offered around £29.3bn in businesses loans over the past year, as lending in the EU increased by an average of 5.3 per cent. [...]
Uber launches electric option in London at no extra cost March 29, 2021 Uber customers will now be able to request an electric vehicle for the first time as the ride-hailing app looks to become fully electric by 2025. Launching today Uber Green will give passengers in Zone 1 the opportunity to request an electric vehicle at no extra cost. The journey will cost the same as a [...]
Teddington crowned best place to live in London March 26, 2021 Teddington has been crowned the best place to live in London, according to The Sunday Times Best Places to Live guide released this morning. Richmond followed Teddington as the regional winner, but Stroud in Gloucestershire topped the list of all 78 areas assessed for the best place to live in the UK. The guide assessed [...]
Corona Impact Series: How an immersive Hackney entertainer blurs pandemic boundaries March 25, 2021 In this series, City A.M. looks at the financial and economic impact of the ongoing pandemic on a range of small and medium-sized businesses across London. This week: How an immersive entertainment agency in Hackney was forced to switch from physical to virtual overnight, without losing any of the power of the experiences. “As Covid hit and the [...]
Ten Entertainment chairman Nick Basing to depart tenpin bowling company in September March 25, 2021 Ten Entertainment chairman Nick Basing depart tenpin bowling company in September
Walthamstow man tried to use Nadine Dorries’ credit card to buy Canada Goose coat March 24, 2021 A trainee engineer has expressed remorse for the distress he caused to Tory MP Nadine Dorries after attempting to use her credit card details to buy a designer coat worth almost £1,000. A fraudulent copy was made of health minister Nadine Dorries’ card and an attempted transaction carried out in October 2019, Westminster Magistrates’ Court [...]
UK Court of Appeal denies £5bn BHP lawsuit over Brazil mining dam disaster March 24, 2021 The UK Court of Appeal has denied permission for a 200,000 person Brazilian claimant group to revive a £5bn lawsuit against BHP over Brazil’s worst environmental disaster. The Anglo-Australian mining giant was responsible for the collapse of the Fundao mining dam in 2015, which led to 19 deaths and a flood of toxic mining waste [...]
City Moves: Who is switching jobs in the Square Mile this week? March 24, 2021 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. BDBF lands former Slater & Gordon’s head Employment law firm BDBF has hired former national head of employment at Slater & Gordon’s as its new equity partner. Most recently a partner at employment [...]
Surging services demand boosts UK business activity rebound in March March 24, 2021 Surging services demand boosts UK business activity rebound in March
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 [...]