Electric bikes are bucking the work from home trend – and are here to stay January 28, 2021 The global pandemic has transformed the way people travel for work – if they are going into the office at all – and this transformation is here to stay. In most circumstances, this means fewer miles driven, vacant public transport networks, and unfilled flights. Yet, one means of transportation is bucking this trend – the [...]
Apple earns $100bn in single quarter January 27, 2021 Silicon valley giant Apple has earned more than $100bn in its first quarter of 2021, making it one of just a handful of firms to ever have done so. Apple’s revenue for the quarter ended December 26 rose 21 per cent to $111.44 billion. Earnings per share rose to $1.68 from $1.25. Analysts had expected [...]
With no office, our future leaders are being held back January 27, 2021 In spite of the challenges facing central cities around the world at the moment, they are and will remain places with huge concentrations of the jobs which provide the greatest opportunities to learn and to move up the job hierarchy. For young people, Central London offers an unparalleled combination. A range of independent employers with [...]
City Moves for 27 January: Who is switching jobs in the Square Mile this week? January 27, 2021 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Lombard Odier IM bolsters institutional sales team Lombard Odier Investment Managers (LOIM) has bolstered its UK and Ireland institutional sales team with two new hires. Chris Vogtherr and Claudia Ziebart joined the investment [...]
New Skyscraper approved for City of London January 26, 2021 A new 30-storey skyscraper has been approved on 55 Gracechurch Street in the centre of the City of London. The new building, which the City of London Corporation has granted planning permissions for, will be located between Monument station and Leadenhall Market. It will include social and breakout zones, and the building’s floorplan will offer [...]
Long-term funding deal for TfL can ‘fuel’ UK recovery, says network boss January 26, 2021 Transport for London’s (TfL) commissioner this morning said that a long-term funding package for the beleaguered transport network could help fuel the UK’s post-Covid recovery. At the moment, the operator is currently being propped up by the second of two six-month bailouts worth a combined £3.3bn from the government. But come 31 March, TfL will [...]
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 [...]
Post-Brexit Special: Business leaders on the challenges of trading with the EU January 26, 2021 Since the start of the year, a raft of new requirements are making life increasingly difficult for UK businesses that trade with the EU. On the surface, frictionless trade should have continued, but as the UK is no longer part of the EU Single Market and Customs Union, companies have been faced with an increased [...]
UK unemployment rate jumps to highest for five years January 26, 2021 The UK unemployment rate rose to 5.0 per cent of the economically active population in the last quarter, spurred on by a record rise in redundancies. For September to November 2020, an estimated 1.72m people were unemployed, according to new figures from the Office of National Statistics. That’s up 418,000 on the same period the [...]
HSBC chiefs to face MPs’ questions over Hong Kong protesters’ frozen accounts January 22, 2021 Two HSBC executives are set to face questions from MPs next week over the bank’s stance on Hong Kong, amid mounting pressure to reverse a decision to freeze the accounts of pro-democracy activists in the region. HSBC faced backlash last summer after it issued a statement in favour of a new National Security Law in [...]