Sadiq Khan pledges to spend more on London economy in election campaign launch March 4, 2021 Sadiq Khan will today launch his re-election campaign by promising to spend more of his £16bn City Hall Budget on the capital’s economic recovery, including creating a new fund to get people back to London’s West End. Khan will say in a speech later this afternoon that he will focus on “jobs, jobs, jobs” if [...]
Spac-tacular: The City welcomes overhaul of stock market listings March 3, 2021 The US phenomenon of Spac listings could soon make its way to the City after a government-backed report called for widespread reform in the stock market. Lord Jonathan Hill’s report into London’s listing requirements called for regulators to allow blank-cheque vehicles to list in the capital as well as to ease other listing restrictions. It [...]
Daily Mail owner acquires New Scientist magazine for £70m March 3, 2021 The Daily Mail and General Trust (DMGT) has announced that its consumer media business has acquired New Scientist for £70m. A consortium of individual investors led by Sir Bernard Gray are set to sell the world’s leading science magazine. Lord Rothermere, charmain of DMGT, said: “New Scientist is a world-renowned publication loved by its readers, [...]
How many Covid-19 infections are there in your London borough? March 2, 2021 London has seen a sharp drop in the number of recorded coronavirus cases over the past few days, after figures released on Friday showed the capital currently has the lowest R rate in the country. A further 629 cases were recorded in the past 24 hours, taking the total number of positive tests in London [...]
Beirut explosion linked to London address used by shell company March 2, 2021 Ownership of the deadly stockpile of ammonium nitrate that exploded last August in Beirut, killing over 200 people, has been traced back to a London address commonly used by shell companies, an investigation by Globe and Mail has found. The London address, minutes away from Oxford Circus, belongs to a London-listed company called Savaro Ltd. [...]
Khan accused of cutting affordable housing by two thirds despite £4bn grant March 2, 2021 Sadiq Khan has been accused of not delivering on his affordable housing promise today by proposing to cut City Hall housebuilding by nearly two-thirds, despite receiving a third of the UK’s affordable housing budget. The latest figures reveal the mayor’s 2021-26 housebuilding programme will only build 35,000 new affordable homes using the government’s £4.82bn grant. [...]
Chancellor urged to keep London economy competitive through tax measures in Budget March 1, 2021 Chancellor urged to keep London economy competitive through tax measures in budget
Brits are suffering from home working ‘fatigue’, says Canary Wharf boss March 1, 2021 Brits are ready to return to the office because a year of working from home has left many “fatigued”, a top executive at Canary Wharf Group has said. Howard Dawber, head of strategy at the property giant, said that while working habits may change after the pandemic, people are missing office and city-centre life. “We’ve [...]
Budget 2021: Sadiq Khan calls for funding guarantees for new police officers March 1, 2021 Sadiq Khan has called for Wednesday’s Budget to include specific support for London’s boroughs and a guarantee the capital will see funding for 6,000 new police officers. The mayor of London also asked the chancellor in a letter seen by City A.M. to extend a range of Covid support schemes – including the furlough scheme, [...]
Cyber criminals seek to cash in on Covid vaccines after fraudulent adverts pop up February 26, 2021 Cyber criminals seek to cash in on Covid vaccines after 100 fraudulent adverts discovered