Iceland’s startup airline PLAY will be bound for London Stansted in June May 25, 2021 Iceland’s newest airline PLAY has launched its ticket sales for seven destinations across Europe, with its inaugural flight bound for London Stansted on 24 June. Giving away 1,000 free tickets, the startup airline saw them all snapped up within 3 hours of its website going live last week. The Stansted flights are set to run [...]
Culture Corner: The City’s back – here’s what’s on in June May 24, 2021 It’s happening! Culture has exploded and doors are finally open! Six million pounds has been allocated by the Mayor’s office to support ‘Let’s Do London’ and industry is contributing a further £1m. The campaign will include a major advertising push supported by London & Partners and TfL, alongside new content on the Visit London website [...]
Retirement villages may offer high streets their needed post-pandemic revival May 24, 2021 Retirement village provider Audley Group and BlackRock Real Assets have embarked on a £500m joint venture into the retirement living sector in the UK, which could bring high streets the much-needed footfall for post-pandemic revival. The joint venture, confirmed yesterday, will fund the development of at least three retirement communities, which will be ready for [...]
Brexit exclusive: UK-Norway trade deal close to collapsing as Christian-Democrats block pact to protect farmers from British beef and cheese May 24, 2021 A comprehensive free trade deal between the UK and Norway is at risk of collapsing as the Christian Democrat party fears such a pact would hit farmers in Scandinavia’s richest country too hard. The Christian Democrats party (Krf), part of the current coalition government, plans to block opening up the Norwegian market to British beef [...]
In defence of the long lunch: Business needs the human touch May 24, 2021 No-one quite knows when the long lunch suffered a mortal blow. Perhaps it was the financial crisis of 2007-08, when money lost its lustre. Perhaps it was before that, in the 1980s, when US working cultures flooded the City of London after the Big Bang. The grim phrase “al desko” was first recorded in the [...]
Beyond Pret sandwich sales, how do we measure the recovery of London? May 23, 2021 After more than a year of lockdown restrictions, words like “recovery” are thick in the air. Indeed, the Bank of England is forecasting annual growth of 7.25 per cent, the fastest rate since 1941; positive news, but it is not the most digestible statistic for much of Britain’s population. The most important benchmarks are ones [...]
Exclusive: City commuters lives in Walton-on-Thames at risk as fourth Grenfell anniversary nears May 21, 2021 City commuters lives may be at risk nearly four years on from the Grenfell disaster after an official dossier uncovered a major housing association failing to carry out key remedial works. Official documents seen by City A.M. reveal that PA Housing Association in Walton-on-Thames, Surrey, a commuter hotbed for brokers, bankers and consultants, has so [...]
WeWork posts £1.45bn loss ahead of stock market debut May 21, 2021 WeWork today posted a £1.45bn first quarter loss as the office-sharing startup prepares for its stock market debut. The company, which is backed by Japanese tech giant SoftBank, said its quarterly revenue almost halved from a year ago to $598m. WeWork had originally attempted to go public in 2019, but the move collapsed over concerns [...]
It’s a wrap! Crypto AM DeFi & Digital Inclusion Online Summit May 20, 2021 The first Crypto AM DeFi & Digital Inclusion Online Summit took place today with an outstanding line-up of some the industry’s brightest minds. Welcome Words with James Bowater, Founder & Editor-at-Large of Crypto AM. Crypto A.M. Editor Darren Parkin 8.30pm: Closing Remarks with James Bowater and On Yavin. Earlier today 2.10pm to 2.40pm: Keynote – Matt Hawkins, Founder & [...]
Has lockdown triggered a City brain-drain? May 20, 2021 The explosion in home-working due to lockdown is shifting the focus away from a London-centric view of careers, with regional firms benefiting from a growing desire to shun the commute. Lockdown is prompting a shift away from City jobs to opportunities at smaller, regional practices with talent-hungry boutique firms stretching to match Square Mile-level salary [...]