We cannot stand by and let lockdown London become a ghost town November 6, 2020 A second lockdown is upon us, and many in the business community are understably frustrated. Some, in fact, have argued that we didn’t need to end up in this position at all. I believe that it is important we do all we can to adapt to the new restrictions and support the government and NHS [...]
TfL to start ferry service at Hammersmith Bridge November 5, 2020 The Department for Transport has announced a ferry service will begin at Hammersmith Bridge just days after it hammered out a new bailout with TfL. In a statement this evening the transport department said that, as part of the London bailout, TfL has been “required to procure a ferry service for passengers across the Thames [...]
British Airways suspends all flights from Gatwick due to second lockdown November 5, 2020 British Airways has reportedly scaled back its operations for November, including the suspension of all flights from Gatwick airport, due to the new lockdown in England. Already struggling with a hit to demand from the pandemic, the airline has also taken the decision to furlough more staff as it braces for a difficult winter. In [...]
Snakes and Ladders: Who is moving jobs in the City this week? November 4, 2020 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. Firms are continuing to adapt to the challenges and opportunities presented by the pandemic as they vie to be in prime position to recover from the economic fallout of the crisis. This week, [...]
Made in Dagenham: Hollywood real estate firm to build new east London film studios November 3, 2020 A Hollywood real estate firm that owns studios where classics such as Citizen Kane and Gone With the Wind were filmed will invest £300m in a major new production complex in east London. Hackman Capital Partners (HCP) will take control of the construction of Eastbrook Studios, a new film and TV hub spread across more [...]
Sadiq Khan blasted over ‘PR stunt’ as he moves City Hall to Royal Docks November 3, 2020 Sadiq Khan has been accused of carrying out a “PR stunt” after the mayor confirmed he will move City Hall to new headquarters in east London. The Greater London Authority (GLA) will leave its iconic base at More London near Tower Bridge in December next year and relocate to The Crystal building in the Royal [...]
Close Brothers launches two new sustainable funds as demand grows November 3, 2020 Close Brothers Asset Management has launched two new sustainable funds amid growing demand from investors and clients. The asset manager has today launched the Close Sustainable Balanced Portfolio Fund and the Close Sustainable Bond Portfolio Fund, which will be actively managed. Close Brothers said the funds will look to generate “consistent long-term returns by screening [...]
Sadiq Khan pushes for extension on business rates holiday for retail, leisure and hospitality businesses November 2, 2020 London mayor Sadiq Khan has written to the housing secretary Robert Jenrick to request an extension to the business rates holiday for retail, leisure and hospitality businesses, which was due to end in March 2021. In a joint letter with the Chair of London Councils, Khan requested an extension to the rates holiday, which was [...]
Travel may be banned once more, but the City of London continues to look outwards November 2, 2020 Overseas travel is set to be heavily curtailed once again over the coming weeks. But despite this restriction, international trade will remain a vital driver for the global economy as it emerges from the shadow of the pandemic. In particular, the green revolution and transition to digital offer huge investment opportunities worldwide as we look [...]
London lockdown: What the Government’s new rules mean for you November 1, 2020 There are differences between the first UK-wide lockdown of the Spring and what will come into effect from Thursday, so what do new restrictions mean for Londoners?