Four in five UK nightclubs will collapse within a month, industry warns February 4, 2021 The UK clubbing scene is on the brink of “extinction” with the vast majority of venues unlikely to survive past the end of the month without government support, the industry has warned. A damning report released by the Night Time Industries Association (NTIA) today laid bare the devastating impact of the pandemic on British nightclubs, [...]
David Beckham-backed cannabis firm on course to become LSE’s first CBD listing February 4, 2021 UK-based Cellular Goods is seeking a listing on the London Stock Exchange, which would make them the LSE’s first pure-play CBD business
Square Mile launches rapid Covid test site for City workers February 4, 2021 The City of London Corporation has opened a rapid Covid test site for workers in the Square Mile who do not have coronavirus symptoms to get tested once a week. The site on 80 Leadenhall Street, launched in partnership with the NHS, will allow City workers still going into the office and people living in [...]
New Square Mile rapid testing site for workers without COVID-19 symptoms February 4, 2021 | City Talk The City of London Corporation is calling on workers who do not have Coronavirus symptoms to get regular lateral flow tests to help prevent the spread of the virus to family, friends and colleagues. One in three people with Coronavirus do not have symptoms and could be passing on the virus without knowing. That is [...]
City Moves for 3 February: Who is switching jobs in the Square Mile this week? February 3, 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. New head of UK business for BNP Paribas REIM French firm BNP Paribas Real Estate Investment Management (BNP Paribas REIM) has appointed a new UK business head to manage its multi-billion-pound real estate [...]
Film financier Great Point set for London IPO February 3, 2021 Great Point Entertainment Income Trust (GPEIT) today announced its intention to float on the main market of the London Stock Exchange. The London-based group will offer a target issue of 200m shares at 1 penny each at an initial issue price of £1 per ordinary share. GPEIT is a newly established investment company which will [...]
Landmark report aims to make City more diverse and inclusive February 2, 2021 | City Talk A landmark new report on tackling racism will put diversity and inclusivity ‘front and centre’ in the City of London, its authors have said. A series of ‘comprehensive and decisive’ actions recommended by the City of London Corporation’s Tackling Racism Taskforce have been agreed by the Square Mile governing body’s Policy and Resources Committee. They [...]
Future Fund: Early-stage startups missed out on funding February 2, 2021 Startups in their earliest stage missed out on funding with the majority of the government’s Future Fund investment going to companies at a venture or growth stage. The Future Fund was launched in May to provide support to startups ineligible for the government’s other support schemes. It was designed to provide support to startups through [...]
Sadiq Khan: London needs post-war plan for Covid recovery February 1, 2021 A post-war-style programme is needed to breathe life back into London following the Covid-19 pandemic, mayor Sadiq Khan said today. The mayor said the government had to accept that London was the “country’s biggest asset”, adding that “ministers can’t take for granted that once restrictions are lifted things will simply return to normal”. He called [...]
Central London’s economy hit hardest by Covid as tourist spending plummets £10bn February 1, 2021 Research published by Sadiq Khan shows central London’s economy has been hit hardest by Covid-19, largely due to home working and a sharp drop in tourism. Tourism spending fell by £10.9bn in 2020 compared to the year before, with more than 26,000 jobs at risk in arts and culture alone and the night-time economy also [...]