‘Major incident’ declared as London hospitals on verge of being overwhelmed January 8, 2021 The mayor of London has declared a “major incident” as London hospitals are on the brink of being overwhelmed with coronavirus patients. “The situation in London is now critical with the spread of the virus out of control,” Sadiq Khan said in a statement. “The number of cases in London has increased rapidly with more [...]
Hackers leak Hackney Council data after attack January 7, 2021 The cyber group that launched a ransomware attack on Hackney Council last year has posted what it claims to be documents from the council. Last October the council said it had been hit by a “serious cyber-attack” affecting its IT systems. Today Hackney said it appears the vast majority of the sensitive or personal information [...]
Exclusive: ‘We must be brave and move away from the EU’s way of thinking’, says Tech Nation chair January 7, 2021 After what was a difficult year for tech firms, City A.M. sat down with Stephen Kelly, chairman of Tech Nation, the industry body that represents UK startups and runs Britain’s Tech Nation visa scheme for foreign entrepreneurs. Brexit has just taken place, how will this impact London’s startup space? Brexit is the UK’s opportunity to [...]
Close to 4,000 UK financial firms ‘at risk of collapse’ after first Covid-19 lockdown January 7, 2021 The UK’s first Covid-19 lockdown threatened the viability of around 4,000 financial firms, the Financial Conduct Authority (FCA) said this morning. The financial watchdog surveyed 23,000 smaller financial firms to greater understand the financial impacts of Covid-19 and found that 59 per cent of firms expected blows to their profits due to the pandemic. Others’ [...]
New concept designs for Smithfield East & West Market buildings and Rotunda unveiled January 7, 2021 | City Talk The City of London Corporation has revealed the first images of new concept designs for turning these special buildings into a new food and cultural destination for all Londoners. The new images, which have been put together by architects Studio Egret West, show how the buildings could be used in the future – helping to [...]
City Corporation responds to England moving to national lockdown: stay at home January 7, 2021 | City Talk The government has announced that England will face tighter COVID restrictions to manage outbreaks of COVID-19 and suppress the virus. Full details on the announcement are available here: https://www.gov.uk/guidance/national-lockdown-stay-at-home Responding to the news, City of London Corporation Policy Chair Catherine McGuinness said: “The country is facing a very serious and difficult situation. These new measures will be a bitter [...]
City of London Corporation teams up with Amazon to cut delivery vehicles and improve air quality January 7, 2021 | City Talk The City of London Corporation has approved its first Last Mile Logistics Hub to consolidate deliveries across central London, reduce traffic and cut harmful emissions. The Planning and Transportation Committee approved the initiative which will transform 39 car parking spaces within the underutilised London Wall Car Park into a hub for Amazon Logistics. The final leg of [...]
Mayor of London calls for eviction ban extension for private renters January 7, 2021 The Mayor of London has called for an extension of the eviction ban as new figures show reports of rogue landlords have soared amid the pandemic. Despite having no formal powers over the private rented sector, Sadiq Khan is calling on the government to give renters the same protection as commercial tenants who were granted [...]
Snakes and Ladders: Who is moving jobs in the City this week? January 6, 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. Aberdeen Asset Management co-founder joins investment consultancy board Former Aberdeen Asset Management chief executive and co-founder Martin Gilbert has been appointed as deputy chairman of investment consultancy firm River and Mercantile Group. [...]
Mayor of London election to still go ahead in May January 6, 2021 The London mayor election is set to go ahead as planned in May, the government has confirmed. The election, along with a swathe of other local elections across the country, were postponed for a year last May due to Covid-19. The election will pit incumbent Labour mayor Sadiq Khan against Conservative candidate Shaun Bailey. The [...]