Housing secretary upholds approval of £250m Richmond urban village January 18, 2021 The housing secretary has granted property developer Avanton the go-ahead for a new 453-home urban village in Richmond. Avanton acquired the site in 2018 but its planning permission was initially refused by Richmond Council the following year. Mayor of London Sadiq Khan intervened to grant permission in October 2020 after Avanton announced plans to make [...]
Canary Wharf could move into Zone 1 in new Transport for London plan to raise fares January 16, 2021 Canary Wharf could move into Zone 1 in new Transport for London plan to raise fares
Home Office: 150,000 fingerprint, DNA and arrest history records accidentally deleted January 15, 2021 Priti Patel is facing a backlash after the Home Office accidentally lost 150,000 fingerprint, DNA and arrest history records. The mistake on the Police National Computer (PNC) may mean that offenders could go free due to evidence not being flagged in connection to fingerprints or DNA, according to multiple reports. The PNC reportedly suffered an [...]
City workers probed on post-COVID leisure and travel January 15, 2021 | City Talk Employees in the City of London are being asked to help shape future provision of leisure and active travel in the Square Mile post-COVID. Outdoor gyms or fitness classes and improved facilities for cycling and walking could be on the agenda when the Square Mile recovers from the pandemic, according to the City of London [...]
Transport for London facing £2bn a year funding gap, warns report January 15, 2021 Transport for London (TfL) is facing a funding gap of up to £2bn every year as a result of Covid-19, a new report has found. The pandemic has forced passengers off London’s transport network in record numbers, causing its finances to crumble. The operator has already received two bailout deals with a combined worth of [...]
Paparazzi Dogs: Pack of papping pups pimp up Royal Exchange January 14, 2021 Visitors to the Royal Exchange may be hounded by some unusual guests following the installation of a pack of popular pooches. To kick off a year of celebrations marking the Royal Exchange’s 450th anniversary, the iconic City landmark will play host to the Paparazzi Dogs, a series of sculptures by contemporary artists Gillie and Marc. [...]
Global investors flock to London in ‘golden age’ for tech January 14, 2021 London has cemented its role as Europe’s leading tech hub after a near-record year of investment as overseas investors circle in on the capital’s best firms. Global tech investors are piling into the capital with a total $10.5bn (£7.7bn) investment recorded in 2020, a quarter of Europe’s whole VC investment for the year. The amount [...]
Square Mile sees four times as many commuters than during first lockdown January 13, 2021 There were four times as many trips made on public transport in the City of London last week than during the spring’s first lockdown, Transport for London (TfL) data shows. Last week there were around 80,000 entrances and exits from Tube stations in the capital’s financial district, which equates to 40,000 journeys. By contrast, back [...]
Exclusive: City fund managers on the impact of the third lockdown January 13, 2021 In this 2-part series, City A.M. asked UK-focused fund managers what they make of post-Brexit trade arrangements, the impact of three lockdowns and the long-term outlook for the UK’s investment community. Yesterday, in part 1, the investment managers focused on the UK-EU deal and which sectors and companies may become the winners and losers from [...]
City Moves: Who is switching jobs in the Square Mile this week? January 13, 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. After a rocky year for business, City firms are continuing to adapt to the challenges of three national lockdowns and post-Brexit bureaucracy to keep things moving across the Square Mile. This week, Lloyd’s [...]