The award for London’s least hygienic borough to eat goes to… August 21, 2021 Waltham Forest is the most unhygienic London borough in which to eat, according to new research shared with City A.M. this afternoon. The area tops the list as London’s least hygienic borough for food as 13.2 per cent of its businesses received a rating of 2, meaning improvements are necessary, while 1 which means major [...]
Weekend Read: Ailing business investment will dampen the economy’s post-Covid prospects August 21, 2021 The good pandemic-related news continued to emerge last week. Latest figures from the Office for National Statistics shows output jumped 4.8 per cent in the second quarter of this year, driven by the lifting of Covid restrictions on sectors that rely on face-to-face and social contact to generate income. The services industry – which accounts [...]
Is starting your own business better than sex? Yes, say half of all Londoners August 20, 2021 Self-employment has skyrocketed 93.9 per cent since 2000 and for nearly 1 in 2 Londoners, it seems that their sex life has taken a backseat as a result. Is starting up and running a business really better than sex? Well, 47 per cent of Londoners believe so as they compare the feeling of launching their own business to be better or at least as good as sex itself, according [...]
Britain 2030: Writing off the high street is unambitious; its future is bespoke, local and community-driven August 20, 2021 After years of decline, the Covid-19 pandemic further hammered the high street, leading to boarded up shops and mass job losses, and some to declare the high street “dead”. But writing off the high street could prove to be unambitious, as, with the help of local government and private stakeholders, the post-pandemic high street could [...]
CV Labs partnership launches British crypto firm Evai onto Bittrex Global exchange – CityAM : CityAM August 19, 2021 The global partnership between CV Labs and British AI crypto company Evai has led to a debut centralised exchange listing for the EVAI token on Bittrex Global from today. This latest development follows the CV Labs partnership announcement in May this year, which welcomed Evai into the worldwide CV Labs ecosystem as the cutting-edge FinTech [...]
The cost of stopping wind farms blight the countryside August 19, 2021 Scientists have calculated that excluding wind turbines from the top 10 per cent of Great Britain’s most scenic countryside will result in 18 per cent less onshore wind potential and up to 26 per cent higher costs for operators. The conclusion was made using data drawn from the Scenic-or-Not website, which is hosted by the Data Science Lab at [...]
Veolia lures HGV drivers with £1,500 sign-on bonus as shortage swells to 100,000 August 19, 2021 French multinational Veolia told City A.M. this afternoon it is offering a £1,500 bonus for HGV drivers to join its waste collection operations across London. The move comes as businesses across the country are experiencing a drop in trained HGV drivers due to a combination of factors from Brexit, Covid-19 and a testing backlog. The [...]
Royal London insurance moves head office to EightyFen in heart of the City August 19, 2021 Mutual life insurance company Royal London has this morning announced it has taken up 55,000 sq ft of office space at 80 Fenchurch Street for its new headquarters in the City. The largest mutual life insurance company in the UK, with assets under management of £153bn, will enjoy panoramic views across London from the top [...]
‘Pingdemic’ suffocates pubs and restaurants as growth slows for first time since March August 19, 2021 Worker shortages triggered by the “pingdemic” are hitting pubs, bars and restaurants’ trading, according to fresh figures released today. According to Lloyds Bank’s UK recovery tracker, output at food and drink businesses dropped in July as a result these firms struggling to scale supply amid staff shortages and high rates of self-isolation. Output at food [...]
City Moves: Who’s switching jobs in the Square Mile this week? August 18, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. London First completes leadership shuffle Business lobby organisation London First has strengthened its leadership team this week as it channels its focus on the capital’s return to growth, emerging from the pandemic. Former director of corporate [...]