New tall building at 55 Gracechurch Street approved as developers embrace post-pandemic office trends January 26, 2021 The City of London Corporation has today (26 January) granted planning permission for a 30-storey office-led development in the City Cluster, the Square Mile’s first tall building approval of 2021. The approved Tenacity scheme at 55 Gracechurch Street, located between Monument station and Leadenhall Market, embodies many of the emerging trends for post-pandemic office space [...]
Supply chains aren’t what they used to be: disruption is now par for the course January 26, 2021 From the impact of COVID-19, to tariff wars between the US and China, and the uncertainty of Brexit, supply chain risk has become increasingly difficult, and important, to manage. At the same time, increased geopolitical tensions have caused a growing concern about nation state espionage, which has put organisations under pressure from governments to “decouple” their [...]
Cop-shop chop-chop sees 31 Met officers handed lockdown fines after barber visit January 26, 2021 A group of 31 Metropolitan Police officers face lockdown fines after having haircuts by a professional barber whilst on duty.
Hotel quarantine for all could cost the UK half a billion a day, tourism body warns January 26, 2021 A global tourism body has warned that the UK economy could risk losing £548m a day if all incoming travellers are made to quarantine in hotels. The World Travel & Tourism Council (WTTC) said that such a policy would “all but wipe out” international travel – to the tune of £380,000 per minute. WTTC president [...]
‘No plans’ to extend VAT cut for hospitality, Treasury minister says January 26, 2021 The government has “no plans” to extend the VAT cut for hospitality, tourism and leisure firms, despite industry calls for the tax break to continue while the sector is under coronavirus restrictions. Rishi Sunak last year reduced VAT for hospitality firms from 20 per cent to five per cent as part of emergency coronavirus measures. [...]
Grindr hit with £8.5m fine over data privacy breach January 26, 2021 Grindr is set to be slapped with a hefty fine after regulators found it had illegally disclosed user data to advertising firms. The Norwegian Data Protection Authority has announced an intention to fine the gay dating app 100m krona (£8.5m) — equivalent to 10 per cent of its annual turnover — over the breach. The proposed [...]
S&P 500 reaches record high while FTSE gains despite dire unemployment figures January 26, 2021 The S&P 500 reached record highs on Tuesday ahead of a packed day of earnings, while the FTSE 100 recovered some of Monday’s losses despite a dire set of unemployment figures. London’s blue-chip index opened flat before rising 0.4 per cent higher to reach 6,666 points by mid-afternoon, while the benchmark S&P inched 0.1 per [...]
The ‘lifeblood of the City’ must return to offices after pandemic, Peel Hunt boss says January 26, 2021 The chief executive of Peel Hunt called on “the lifeblood of the City” to return to offices after the pandemic, as the investment bank announced it is moving to a new building in Liverpool Street in a vote of confidence in London’s recovery. Peel Hunt boss Steven Fine said that the firm – which allowed [...]
Avo and toast all the way to growth? Don’t ask millennials to bail out the economy January 26, 2021 Millennials finally have some capital – don’t ask them to spend it to ‘save’ the economy Two things are known universally about millennials: they like avocados, and they are the first generation in history that will be financially worse off than their parents. It’s because of that second point that millennials should not be encouraged [...]
‘Robots will take our jobs’: Eigen boss Lewis Liu on the future of the City worker January 26, 2021 It’s very rare a chief executive will say their work will lead to mass job cuts, not least one of an artificial intelligence firm. But Eigen Technologies’ Lewis Liu is not like your everyday boss. He is surprisingly frank in an industry that does an impressive job of spinning mass job cuts. “I’m not going [...]
