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 [...]
City Corporation welcomes plans to reopen Waterloo and City line March 17, 2021 | City Talk The City of London Corporation has welcomed a commitment by Transport for London (TfL) to reopen the Waterloo and City line in the coming months. Services on the line – London’s second-most intensively used – have been stopped since March 2020. A TfL board meeting was told yesterday that the line would restart in May or June. [...]
Waterloo and City line to reopen as early as May, London Underground chief says March 17, 2021 London Underground chief says Waterloo and City line to reopen as early as May
Uber: What does the workers’ rights U-turn mean for the ride-hailing giant? March 17, 2021 Uber agreed yesterday to give its 70,000 UK drivers holiday pay and pensions following a landmark ruling in the Supreme Court. The court ruled that all UK drivers are employees of the taxi giant — rather than being self-employed — and are therefore eligible to receive holiday pay on a fortnightly basis. Susannah Streeter, senior [...]
White City’s flexible lab space opens up for London’s life sciences sector March 17, 2021 A lab space based in White City is releasing thousands of square feet of flexible office and lab space in a boost for London’s life sciences sector. Scale Space, a scaleup community which launched last summer, has announced plans to release 60,000 sq ft of space White City Innovation District reaches practical completion. The space [...]
Government plans to change mayor of London elections to First Past the Post March 16, 2021 The government has today laid out plans to change voting in the mayor of London election and other local elections to First past the Post like in General Elections. Priti Patel today said the Home Office, Cabinet Office and Ministry of Housing would “change the voting system for all Combined Authority mayors, the mayor of [...]
Half of Londoners think Sadiq Khan has not done enough to improve London’s affordability March 16, 2021 New polling shows more than half of Londoners think Sadiq Khan has not done enough to make London more affordable as his near 10 per cent council tax rise begins to take effect across the capital.
London is home to 60 unicorns after record levels of investment last year March 16, 2021 London is now home to 60 companies with unicorn status as the capital cements itself as Europe’s hub for tech investment. Despite the challenges of the pandemic, six London-based companies secured valuations of over $1bn in 2020: Octopus Energy, Arrival, Kazoo, infobip, Gousto and Hopin. And it’s been a strong start to 2021 with an [...]
Sadiq Khan to unveil £544m plan to fund London’s Covid recovery March 16, 2021 Sadiq Khan will today announce a £544m investment in London’s jobs and high streets to help the capital recover from the coronavirus pandemic. The Mayor of London will also call on the government to match his spending plans for the city as he unveils the proposals at the inaugural London Recovery Summit. Alongside the spending [...]