Asos sounds cautious note on future demand after profit quadruples October 14, 2020 Asos reported a quadrupling in full-year profit following a spike in online shopping during the coronavirus pandemic, but warned on the outlook for consumer spending among its young customer base. The fashion ecommerce giant reported profit before tax of £142.1m for the year to 31 August, up from £33.1m the year before. Read more: Asos [...]
Mayor 2.0: London deserves a leader who can punch at the capital’s weight October 14, 2020 It’s more than 20 years now since we saw the creation of an elected mayor of London with executive power over the whole city. Devised at a time of widespread devolution, public response to the role was lukewarm, with only around a third of voters bothering to express a preference either way. It was somehow [...]
Today: Boris Johnson to meet EU chief in crunch trade deal meeting October 14, 2020 Boris Johnson and EU chief Ursula von der Leyen will hold last minute Brexit talks today as the two sides try to salvage a last minute trade deal. The two have agreed to meet ahead of an EU summit on 15 October, with Johnson saying last week that he needs to see a deal is [...]
Exclusive: TfL set for crunch talks as London bosses call on Sunak to solve cash crisis October 14, 2020 Exclusive: TfL set for crunch talks to solve cash crisis as London bosses call on Sunak to step-up to save services
Sadiq Khan says new London Covid restrictions this week are ‘inevitable’ October 13, 2020 Sadiq Khan has said new Covid restrictions in London are now “inevitable” just a day after the capital was put into the lowest risk category by the government. Khan said today that all the vital indicators show London is certain to be put into the tier two category within days, meaning the capital would be [...]
Hackney Council hit by ‘serious’ cyber attack October 13, 2020 Hackney Council has been hit by a major cyber attack that is affecting many of its services and IT services. The council has called in experts from the National Cyber Security Centre, as well as the Ministry of Housing and local government to investigate the incident. It is unclear which services have been affected, and [...]
New Lib Dem mayoral candidate calls for City of London offices to be converted into homes October 13, 2020 The Liberal Democrats’ new London mayoral candidate has called for empty office space in the City of London to be converted into affordable housing. Former MEP Luisa Porritt – who was today unveiled as the Liberal Democrats’ candidate for the 2021 mayoral election – told City A.M. that using offices left empty by a potential [...]
Police stand down security alert at St Thomas’ hospital October 13, 2020 Police are dealing with a security incident at St Thomas’ Hospital on the Southbank, with Westminster Bridge currently closed. Lambeth police said that they would provide further information when it became known. Witnesses said that the hospital had been cordoned off while the surrounding area has been evacuated. The alert has now been stood down, [...]
City to shift €150bn of UK assets into France ahead of Brexit October 13, 2020 Firms have begun shifting around €150bn (€135bn) of UK assets from the City into France ahead of the Brexit transition period deadline, according to the governor of the Bank of France. Francois Villeroy de Galhau told the Europlace International Financial Forum that the Bank of France has authorised asset shifts by 32 companies — mostly [...]
More than 1,300 arts organisations to share £257m survival fund October 12, 2020 The London Symphony Orchestra and the Young Vic are among more than 1,300 arts organisations across England that will share a £257m coronavirus survival fund. The funding is the latest tranche of the government’s £1.6bn Cultural Recovery Fund, which is designed to support theatres, museums and music venues that have been forced to close during [...]