New tall building at 55 Gracechurch Street approved as developers embrace post-pandemic office trends January 26, 2021 | City Talk The City of London Corporation has today (26 January) granted planning permission for a 30-storey office-led development in the City Cluster, the Square Mile’s first tall building approval of 2021. The approved Tenacity scheme at 55 Gracechurch Street, located between Monument station and Leadenhall Market, embodies many of the emerging trends for post-pandemic office space [...]
‘Robots will take our jobs’: Eigen boss Lewis Liu on the future of the City worker January 26, 2021 It’s very rare a chief executive will say their work will lead to mass job cuts, not least one of an artificial intelligence firm. But Eigen Technologies’ Lewis Liu is not like your everyday boss. He is surprisingly frank in an industry that does an impressive job of spinning mass job cuts. “I’m not going [...]
SMEs do not expect to be back at pre-pandemic levels until next year January 26, 2021 Small businesses have been left in financial ruin due to the pandemic, with one in 12 unsure they will ultimately survive, according to new research. The data from Santander found that 21 per cent of small businesses expect they may collapse before any changes in restrictions kick in. Those who will survive, do not expect [...]
Corona Impact Series: How a Bethnal Green confectionery is baking up a storm online January 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. Today: The East London bakery which went entirely digital as the pandemic storm picked up. Before the pandemic, Steph Giordano, the founder of Bethnal Green bakery Baked by Steph, had been baking [...]
London best UK city for female entrepreneurs January 25, 2021 A new study has found that the UK is the fifth best country for female entrepreneurs in the world, with London hailed the best city across the UK for women-owned startups. Analysing data from Crunchbase, Mastercard, Tide and Linkedin, the study by JBH Digital PR Agency found that finance was the most viable option for [...]
Universal Credit support to be reviewed by govt January 25, 2021 The government plans to review the support those on welfare receive during the pandemic, the work and pensions minister said today. Minister Therese Coffey, when asked whether a boost to Universal Credit would be extended, said that the benefit is being reviewed. “We’re in active discussion with the Treasury, working together to try and make [...]
London mayoral candidate fumes after being fined for touring Southwark January 25, 2021 London mayoral candidate Brian Rose was fined in Southwark on Sunday as he was out campaigning. Police spotted a legally parked bus in Southwark on Sunday morning, quickly descending on the team and issued £200 fines. Businessman Rose was recording a socially distanced video at the time and claims to have been fined despite showing [...]
Innovation is why London is ahead of New York, Hong Kong and Frankfurt as world’s financial capital January 25, 2021 Innovation is why London is ahead of New York, Hong Kong and Frankfurt as a world's financial capital
TfL needs government support for next two years to stay afloat, says boss January 24, 2021 Transport for London (TfL) will need government financial support for the next two years to stay solvent, according to body’s commissioner. Andy Byford said today that “without government support, and with the chaos that Covid and the decimation on our finances that Covid has wrought, we absolutely will be needing financial support in the short [...]
London leads global finance rankings in new benchmarking research January 22, 2021 | City Talk New figures published today [22 January] by the City of London Corporation, show that, London continues to hold the top spot for financial and professional services, when compared to other global destinations, including New York, Singapore, Hong Kong and Frankfurt. The benchmarking research, entitled “Our global offer to business: London and the UK’s competitive strengths in [...]