Exclusive: City Hall and government urged to tackle capital’s ‘jobs crisis’ October 27, 2020 The government and City Hall must work together to tackle the jobs crisis that is set to see more than 130,000 Londoners fall into long-term unemployment in 2020/21, a new report shared exclusively with City A.M. has argued. The Learning and Work Institute’s (LWI) report said Londoners had been hit particularly hard by the coronavirus [...]
Former prime minister David Cameron backs black internship initiative October 26, 2020 Former Prime Minister David Cameron is among high-profile figures who have thrown their weight behind a new initiative aimed at increasing the number of internships available to black candidates. The 10,000 Black Interns initiative, set to launch tomorrow, is designed to boost the number of paid work experience positions for young black people in major [...]
Astrazeneca shares up on Covid-19 vaccine hospital rollout reports October 26, 2020 Astrazeneca [LON:AZN] shares rose nearly 2.5 per cent today after it was reported that UK hospitals were preparing for the rollout of the first doses of its coronavirus vaccine. Staff at a major London hospital trust have been told to be ready to receive the first batches of the vaccine, which is being developed in [...]
Bank of England considering to permit banks to restart dividend payments next year October 26, 2020 The Bank of England and UK banks are reportedly “bartering” a deal that would allow banks to restart paying dividends from next year in order to boost lending and drive the economy. According to a report in The Times, the Bank of England has agreed to the change in policy as long as banks’ loss-absorbing [...]
London will find ways to adapt and thrive — as it always has October 26, 2020 Now that London has moved into even tighter local lockdown restrictions, it would be easy to be pessimistic about the future. Some have argued recently that the capital’s days as a world leading business centre are numbered due to the pandemic, our exit from the European Union, and a rising tide of protectionism across the [...]
Anti-lockdown protest: Thousands march in central London October 24, 2020 Thousands of protesters are marching in central London this afternoon over coronavirus lockdown restrictions. The anti-lockdown protest will be the fourth to take place in the capital since the start of the pandemic. London has recently moved into Tier 2 restrictions, which bans people from socialising indoors with people they do not live with. Photos [...]
Westminster City Council scraps plans to charge for pavement space October 23, 2020 Westminster City Council has scrapped plans to charge hospitality firms thousands of pounds to keep trading outside through the coming months. Earlier today City A.M. revealed that the Council was set to charge businesses £7 per square metre of outside space, per day, once the existing ‘al fresco’ scheme comes to an end on October [...]
Investors back London’s recovery with £1bn Kensington hotel redevelopment October 23, 2020 The £1bn redevelopment of the Kensington Forum hotel has been given the green light by planning authorities, with the investment signalling a vote of confidence in London’s recovery from the coronavirus crisis. Queensgate Investments and Rockwell were given the go-ahead for the project, which will boost the number of hotel rooms available and create 62 [...]
LSE expects Refinitiv deal to close early 2021 October 23, 2020 The London Stock Exchange expects to complete its $27bn acquisition of data analystics firm Refinitiv in the first quarter of next year, LSE said this morning. Earlier this month LSE agreed the sale of Borsa Italiana as part of remedies to appease the European competition watchdog. LSE also said it is well positioned for Brexit [...]
KFC to hire 5,400 new workers despite ‘extremely difficult year’ for hospitality October 23, 2020 Fast food chain KFC has announced plans to hire 5,400 new workers in the UK and Ireland by the end of the year, signalling confidence in the hospitality industry despite an “extremely difficult year” for the sector. KFC, which has already employed more than 4,300 new team members since the start of lockdown, said the [...]