Turns out London Mayor Sadiq Khan is a big fan of ABBA May 27, 2022 It was confirmed yesterday that the Swedish band ABBA is bringing its Voyage show to London. The announcement led to City Hall putting out a statement, in which Mayor Sadiq Khan said he was “incredibly proud” to welcome ABBA to London. Khan said: “I am incredibly proud that, more than forty years since their last [...]
Angry cleaners to stage protest outside Downing Street over partygate treatment May 27, 2022 Hundreds of people are expected to descend on Downing Street this morning as a protest is planned amid growing anger over revelations in the ‘partygate’ report over the way cleaners and security staff were treated. Sue Gray said in her report that she learned of multiple examples of “unacceptable” treatment of security and cleaning staff [...]
Stagecoach strikes £20m deal to snap up Kelsian’s 150 buses in east London May 27, 2022 Stagecoach confirmed this morning it has sealed a £20m deal to buy Kelsian Group’s east London bus operations. The travel business said it has “entered into binding agreements” to purchase the operations, which also include a deport at Lea Interchange, for an initial £10m followed by £1m each year for 10 years after the move [...]
Retail therapy gives markets a lift as battle to contain inflation genie starts in earnest May 27, 2022 European markets spent most of yesterday edging cautiously higher, with the FTSE100 shrugging off the UK government’s decision to impose a 25 per cent windfall tax on the oil and gas sector, while at the same time unveiling a fiscal stimulus package. The decision to impose the controversial tax appears to have prompted a review [...]
Oxford Street footfall still 52 per cent lower than pre-pandemic, making it the UK’s worst hit High Street May 27, 2022 Footfall on London’s Oxford Street is still 52 per cent lower than pre-pandemic levels – the worst hit high street across the UK, according to fresh retail data shared with City A.M. this morning. London continues to be impacted by hybrid working and less commuting into the city than previous years, as well as the [...]
China lockdowns are exacerbating supply chain crisis, warn manufacturers May 27, 2022 Covid outbreaks in China are worsening a supply chain crisis being endured by manufacturing companies, with an on-going lockdown in Shanghai particularly hitting exports of parts and components, according to a leading trade body. Make UK senior economist Fhaheen Khan said: “What we’ve found from our own members, particularly not just the automotive sector, but [...]
Govt warned cost of living crisis will lead to ‘tsunami of fraud’ as criminals prey on struggling Brits May 26, 2022 THE cost of living crisis is likely to fuel a surge in fraud and online scams, a property group warned this morning. The National Association of Property Buyers fear criminals will aim to “cash in” on vulnerable Britons looking to save or make money over coming months. The property sector will be a prime target [...]
Exclusive: Unprecedented war for talent reflects a seismic shift in power on Britain’s hyper-aggressive job market May 26, 2022 Britain’s jobless rate has fallen to its lowest level for over 47 years. In fact, for the first time ever, there are fewer unemployed people than job vacancies. This is resulting in an unprecedented ‘war for talent’ and an unprecedented wave of pay hikes, but what does this actually look like for London’s business community? [...]
FCA pushes for reform of London’s listing regime in an attempt to boost growth: ‘A radical set of changes’ May 26, 2022 The City watchdog has outlined plans to reshape the two-tier structure of the London Stock Exchange’s main market today in a bid to simplify listing rules and tempt more fast-growth tech firms to come to market. The Financial Conduct Authority revealed proposals to do-away with the current split between a higher “premium” tier of the [...]
Post-Brexit Britain a hit among foreign students as international applications set to rise by 50 per cent May 26, 2022 International applications to UK universities are set to rise by nearly 50 per cent within the next five years as foreign students scramble to get a spot at a British institution, according to new figures from Ucas. Ucas forecasts that the volume of international undergraduate applicants will increase by 46 per cent to 208,500 by [...]
