Total crypto market cap hits $1 trillion January 7, 2021 Crypto at a Glance It should get boring writing the same thing every day, but surprisingly typing out NEW ALL-TIME HIGH never really loses its thrill. Today though, it’s not just a new bitcoin all-time high ($37,000, see you later) – the total cryptocurrency market cap has surged past $1 trillion for the first time [...]
Fashion retailer Joules forecasts £18m revenue hit due to new lockdown restrictions January 7, 2021 British fashion retailer Joules has forecast a revenue hit of up to £18m due to the current Covid-19 lockdown restrictions in the UK, the firm said as it announced a sharp drop in store sales over the winter. Joules said total store sales declined 58 per cent in the seven weeks to 3 January due [...]
UK PMIs: Construction activity continues growth in December January 7, 2021 Construction activity continued to recover in December, helped by higher order books and resumption of work that had been delayed due to the pandemic. The IHS Markit/Cips purchasing managers (PMI) index for construction scored 54.6 in December, with any score above the 50 mark indicating growth. The reading was more or less unchanged from November, when a [...]
Defending the rulebook: Overcoming America’s Darkest Day January 7, 2021 This is a time for elemental thoughts. Following one of the darkest days in the history of the American Republic, when an armed mob set in motion by Donald Trump marched on the capitol, ransacking it, and pressured lawmakers to overturn the 2020 election results (words I never, ever thought I’d write), it is time [...]
MPs urge Rishi Sunak to save music festivals amid threat of collapse January 7, 2021 MPs have urged chancellor Rishi Sunak to roll out emergency support for music festivals this summer, warning many events are at risk of permanent collapse. In a letter today the Department of Digital, Culture, Media and Sport (DCMS) committee asked the chancellor to launch a government-backed insurance scheme to ensure festivals and live music events [...]
New concept designs for Smithfield East & West Market buildings and Rotunda unveiled January 7, 2021 The City of London Corporation has revealed the first images of new concept designs for turning these special buildings into a new food and cultural destination for all Londoners. The new images, which have been put together by architects Studio Egret West, show how the buildings could be used in the future – helping to [...]
City Corporation responds to England moving to national lockdown: stay at home January 7, 2021 The government has announced that England will face tighter COVID restrictions to manage outbreaks of COVID-19 and suppress the virus. Full details on the announcement are available here: https://www.gov.uk/guidance/national-lockdown-stay-at-home Responding to the news, City of London Corporation Policy Chair Catherine McGuinness said: “The country is facing a very serious and difficult situation. These new measures will be a bitter [...]
National lockdown: stay at home – support available to City businesses January 7, 2021 The government has announced that England will face tighter restrictions to manage outbreaks of COVID-19 and suppress the virus. The Chancellor of the Exchequer Rishi Sunak has announced further financial support for businesses affected by these restrictions. This includes: One-off top-up grants to closed businesses, as follows: £4,000 for businesses with a rateable value of £15,000 or [...]
City of London Corporation teams up with Amazon to cut delivery vehicles and improve air quality January 7, 2021 The City of London Corporation has approved its first Last Mile Logistics Hub to consolidate deliveries across central London, reduce traffic and cut harmful emissions. The Planning and Transportation Committee approved the initiative which will transform 39 car parking spaces within the underutilised London Wall Car Park into a hub for Amazon Logistics. The final leg of [...]
US Congress certifies Biden win as Trump vows orderly transition January 7, 2021 US Congress has formally certified Democrat Joe Biden’s election victory, hours after hundreds of Trump supporters stormed the Capitol. Late last night lawmakers resumed the process of certifying Biden’s Electoral College win, with debate stretching into the early hours of this morning. The House and Senate rejected two objections to the tally and certified the [...]
