We do not need to compromise the economy to fix the environment October 12, 2020 Overwhelming scientific evidence tells us that the climate is already changing. If we are to limit global warming to 1.5 degrees and avoid the more extreme effects on our environment, averting potentially devastating consequences, we need to act now. And that is what the City of London Corporation is doing. Last week, it launched its [...]
New London restrictions are ‘highly likely’, Sadiq Khan says October 9, 2020 Sadiq Khan has said it is “highly likely” that London will introduce coronavirus restrictions soon as cases across the capital continue to rise. “We are at a very serious tipping point. The virus is accelerating in every part of London”, the Mayor of London said today, warning further restrictions were “inevitable”. His warning comes as [...]
Tory mayoral candidate vows ‘mental health covenant’ for TfL staff October 9, 2020 Tory mayoral candidate Shaun Bailey has pledged to offer more mental health support to Transport for London (TfL) staff if elected mayor as figures show increasing levels of psychological distress among the workforce. Bailey told City A.M. that he would create a “mental health covenant” for TfL workers in a similar vein to existing programmes [...]
City of London Corporation vows to achieve net zero emissions by 2040 October 9, 2020 The City of London Corporation has vowed to achieve net zero carbon emissions by 2040 as a part of a new climate action plan. The powerful local authority passed the draft proposal yesterday, which will see the Corporation spend £68m on “fighting climate change” over the next six years. The plan will include changing planning [...]
TfL boss that oversaw Crossrail and Garden Bridge fiascos set for an honour October 9, 2020 A controversial former TfL boss appears to be in line for an honour, after Sadiq Khan tweeted his congratulations before the tweet was hastily removed. The Queen’s birthday honours list will be be announced tonight, however it appears the mayor of London jumped the gun this morning by announcing that former TfL commissioner Mike Brown [...]
Netflix to triple London office space as it cashes in on British success stories October 9, 2020 Netflix is set to massively expand its London office space as the US streaming giant doubles down on its commitment to the UK. The streamer will triple its footprint to 100,000 square feet when it moves into the Copyright Building in the West End. Netflix is taking over the lease from outsourcing giant Capita, which [...]
LSE accepts €4.3bn offer to sell Borsa Italiana to Euronext October 9, 2020 The London Stock Exchange has confirmed it has accepted a €4.3bn offer from Euronext for Borsa Italian, Milan’s stock exchange. LSE and Euronext entered into exclusive talks in September after Deutsche Boerse and Switzerland’s SIX bowed out of the race for the Milan bourse. Refinitiv The deal follows after the European Commission formally stated it [...]
London investment firm Centricus makes surprise entry into Tiktok takeover race October 9, 2020 A little-known British investment firm has reportedly emerged as a shock bidder for Tiktok as it looks to derail Oracle’s tie-up with the Chinese viral video app. London-based Centricus Asset Management has been in negotiations with the chief executive of Tiktok’s parent company Bytedance for weeks, the Wall Street Journal reported. The firm is said [...]
Time running out for TfL to secure emergency government funding October 9, 2020 Time is running out for Transport for London (TfL) to secure emergency central government funding, with cash from its last bailout set to dry up in nine days. TfL is in negotiations with the Department for Transport over the funding settlement, with mayor of London Sadiq Khan asking for £5.65bn over the next 18 months [...]
Samaritans and the City: A message for World Mental Health Day October 9, 2020 Tomorrow marks World Mental Health Day, and this year, I can’t help but think how many lives have been profoundly altered by the shock events of 2020. I am reflecting more on what we have all learnt, about ourselves and our world. What change do we want? How can we directly contribute to making our [...]