Deutsche Bank to change work-from-home policies permanently in bid to reduce office costs September 25, 2020 Deutsche Bank is set to make flexible working policies permanent to allow staff to work from home on a set number of days per week. Like other lenders, Deutsche Bank has discovered during the pandemic that reducing office space could be a viable way to lower costs. Chief executive officer Christian Sewing said the board [...]
Record number of companies turn out for City Giving Day 2020 September 23, 2020 A record number of organisations took part in this year’s City Giving Day as companies gathered online in spite of the pandemic to celebrate the City of London’s philanthropic side. Over 460 companies registered for this year’s event, which raised money for charities such as Place2Be, Onside Youth Zones, Samaritans and The Duke of Edinburgh’s [...]
Sadiq Khan warns of ‘new restrictions’ for London September 21, 2020 London Mayor Sadiq Khan has this afternoon said that he will implement “new restrictions” on the capital in order to slow the spread of the coronavirus disease. “I have just met with local council leaders from all parties and public health experts to agree a new London plan to slow the spread of the virus [...]
Lord Mayor’s Show cancelled due to coronavirus September 21, 2020 The coronavirus pandemic has forced the cancellation of one of London’s best known events for the first time in over 150 years. The Lord Mayor’s Show, which dates back hundreds of years, was due to have been held on 14 November, but the decision has now been taken to call it off. Due to the [...]
Coronavirus: Sadiq Khan not invited to emergency Cobra meeting on second UK wave September 21, 2020 Sadiq Khan has not been invited to tomorrow’s emergency Cobra meeting, but will still speak to Boris Johnson before his key coronavirus address. Johnson is convening the crisis meeting tomorrow with the heads of devolved governments as speculation increases that the country will be put into a second lockdown. Cases are beginning to rise rapidly [...]
EU gives banks until 2022 to cut ‘excessive’ use of London clearing September 21, 2020 The European Union’s banks have until mid-2022 to reduce their “excessive exposures” to London’s derivatives clearing houses, the European Commission has said. The bloc’s new finance chief Valdis Dombrovskis said he had approved a proposal to let EU banks and market participants access Britain’s clearing systems for 18 months after the Brexit transition finishes at [...]
Lord Mayor: Delayed Dragons will shine a light on responsible business September 21, 2020 John Lennon once said: “Life is what happens to you while you’re busy making other plans”. That famous quote is more apt now than ever. The Mansion House should have been a hive of activity today, with preparations in full swing for the Lord Mayor’s Dragon Awards ceremony, which was supposed to take place tomorrow. [...]
London may be days away from new coronavirus restrictions September 20, 2020 Sadiq Khan is reportedly rallying the government to impose new lockdown restrictions on London in the coming days. City Hall sources are also indicating that the mayor may tell Londoners that they should start working from home from next week. Coronavirus cases jumped by 3,899 today, after cases jumped by 4,422 yesterday. Health secretary Matt [...]
Tory mayoral candidate calls for TfL to sell Tube station naming rights September 20, 2020 London’s Tube stations could be renamed through lucrative advertising deals if Tory mayoral candidate Shaun Bailey gets elected. Bailey’s proposal, which he says could bring in £100m a year, follows in the footsteps of the Dubai Metro which has allowed companies to bid for naming rights of underground stations. The mayoral candidate told the Sunday [...]
Coronavirus: Johnson faces calls for urgent action and COBRA meeting as cases rise September 19, 2020 Prime Minister Boris Johnson has come under pressure to take “decisive action” in the battle against coronavirus as cases rise. Scottish First Minister Nicola Sturgeon has demanded a COBRA meeting within the next 48 hours and echoed the sentiments of London mayor Sadiq Khan regarding the need to learn from March’s mistakes and implement restrictions [...]