Mayor of London election: Sadiq Khan pledges to ban gambling ads on the Tube April 6, 2021 Sadiq Khan has pledged to ban gambling advertisements on the Tube if he is re-elected as mayor next month. The mayor’s election manifesto, released today, said his current junk food ad ban on the London Underground would be extended to include “harmful gambling advertisements” if he wins the 6 May election. Khan previously banned all [...]
Number 10 calls Sadiq Khan’s cannabis review a ‘waste of time’ April 6, 2021 Downing Street has emphatically ruled out legalising cannabis anywhere in the UK, after Sadiq Khan launched a review into decrminialising the drug in London. Boris Johnson’s press secretary Allegra Stratton said the review was a “waste of time” and that “Sadiq Khan will know the policy on controlled drugs – it’s a matter for the [...]
Mayor of London election: Sadiq Khan pledges to name London Overground lines April 6, 2021 Sadiq Khan has pledged to give individual names to London Overground train lines if re-elected as mayor of London next month. Khan’s manifesto, released today, said the “London Overground network has grown considerably over recent years” and that “to reflect this I’ll launch a programme to name individual routes, giving each its own identity”. The [...]
Mayor of London election: Sadiq Khan pledges to create 170,000 green jobs April 6, 2021 Sadiq Khan has pledged to create 170,000 new green jobs if re-elected as mayor as he today launched his manifesto for the mayor of London election. Khan said during a speech at Bloomberg that he would create a new green jobs skills academy that would “support green jobs that are diverse, sustainable and well paid”. [...]
Life in the City has been far from normal for over a year but hope is now on the horizon April 6, 2021 As we prepare for a brighter summer, the UK is entering a new recovery phase of the pandemic with our successful vaccination drive leading the way. The economy is being gradually unlocked as shops, outdoor hospitality and – mercifully for many – hairdressers in England join those preparing to reopen next week in line with [...]
SSE to sell contracting division to Aurelius Group for £27.5m April 1, 2021 SSE today said it has secured an agreement to sell its contracting division to asset manager Aurelius Group in a £27.5m deal. The London-listed energy group said the deal consists of a £17.5m up-front payment, which will be adjusted for items such as working capital and separation costs. A further £5m loan note will be [...]
From coal to hydrogen: an old mode of transport that’s back in fashion April 1, 2021 MyStory: In the second in a new series of stories about looking beyond profit, Schroders’ Nicholette MacDonald-Brown explains how French train manufacturer Alstom changed its spots. In the early twentieth century rail was a dirty business, burning coal and competing with other transport on the basis of speed, price and luxury. Pollution wasn’t a factor. [...]
SPAC phenomenon helps global M&A break $1 trillion barrier in first quarter April 1, 2021 It has been a flying start for global M&A this year with blank-cheque vehicles becoming one of the principal drivers of deal-making. Special acquisition companies – SPACs – have become the go-to option for firms looking to go public. For targets the vehicles are potentially an easier route to market than a traditional IPO. The [...]
Uber Boat chosen by TfL to run Hammersmith Bridge ferry service March 30, 2021 Uber Boat has been chosen by Transport for London (TfL) to run a Thames ferry service alongside the closed Hammersmith Bridge. The boat service, operated by Thames Clippers, will take up to 800 cyclists and pedestrians across the river at a time between 6am and 10pm daily. Uber’s ferry service is expected to be up [...]
Lib Dem mayoral candidate blames ‘toxic’ Sadiq Khan for failure to get long term TfL funding deal March 29, 2021 Transport for London (TfL) has failed to get a long term funding settlement over the past year due to Sadiq Khan’s “toxic” relationship with central government, according to Liberal Democrat mayoral election candidate Luisa Porritt. Porritt, the Liberal Democrat leader in Camden council, told City A.M. in a wide ranging interview that the government’s willingness [...]