Investments climb back to pre-pandemic levels with cash reserves playing key role January 5, 2021 Despite economic pressures and a recession looming, nearly half of corporates and large SMEs expect business investment to return to pre-crisis levels by the end of this year as business gets back to normal. According to a new survey shared exclusively with City PM today, just 16 per cent expect to take three years or [...]
Investment body proposes ‘rebranding’ of standard listings January 4, 2021 The City’s leading investment body has proposed an overhaul of London’s standard listing category as the Treasury looks to revamp public listing rules. The former British commissioner to the EU Lord Hill is heading up a government-backed review into rules governing public listings in a bid to lure tech giants to the City. The City [...]
On track: First passenger trains run on Northern line Tube extension January 4, 2021 The extension to the Northern line came a step closer to completion over the Christmas period as the first passenger trains completed journeys through the new tunnels. Test trains entered the 3.2km of new track at Kennington, passing through Nine Elms station before arriving at the extension’s second new station at Battersea Power Station. The [...]
Sunday Talk: Mark Ridley, CEO of real estate giant Savills January 2, 2021 In a wide-ranging interview, City PM discusses fundraising challenges, Brexit and the shift to home working with Mark Ridley, who has been the group CEO of Savills since 2019, the London-based, LSE-listed real estate services giant which had a revenue of £1.93bn in 2019 and currently employs around 40,000 people in the UK and across Europe. The [...]
‘I relive pandemic rather than endure lasting Brexit damage,’ says Pimlico Plumbers founder January 2, 2021 With 2020 done and dusted, the coronavirus pandemic caused havoc and helped to put last year down in the history books for the wrong reasons, London’s most famous plumber, Pimlico Plumbers’ founder and CEO Charlie Mullins, told City PM “Having said that, I would relive this current crisis rather than endure the lasting damage that we [...]
Data-hungry fintech firms urge FCA to ‘break’ banks this year January 2, 2021 A coalition of London startups is calling on the Financial Conduct Authority to end the dominance of banking institutions over the use of consumer data this year. The firms argue it would increase competition in the savings, credit, mortgages and pensions markets. The Coalition for a Digital Economy (Coadec), an advocacy group that represent a [...]
Startup Spotlight: The top 50 London tech firms to work for January 2, 2021 From insurtech to fitness and everything in between, recruitment platform Tempo has compiled a list of the best London-based startups to work for. Companies in its “Super Startups” list have been based on the company’s mission, employee reviews and career pages. To be considered for the list the startups must have been launched after 2014, [...]
15 incredible Londoners in the New Year’s Honours List January 2, 2021 In a list that was largely dominated by health staff and civil servants this year, Christopher Woolard, who served as interim Chief Exec of the FCA in 2020, became a Commander of the British Empire, while Kate Nicholls, a vocal advocate for the hospitality industry throughout this terrible year for bars, pubs and restaurants, received [...]
Warm hookah pipes give away breach of lockdown rules in London January 1, 2021 Police in London burst in on about 50 people smoking water pipes and playing loud music inside a cafe, a major breach of strict Covid-19 regulations banning any kind of socialising between people from different households. The group fled when the police arrived, according to Reuters, but officers who searched the venue in Wembley found [...]
Software startup Ondato moves to London in post-Brexit boost December 31, 2020 Software startup Ondato is establishing new headquarters in London, marking a show of confidence in the UK’s booming tech scene after Brexit. Ondato, which operates biometric authentication software, said it was “undeterred” by the UK’s departure from the EU and would use its new base in Canary Wharf to drive further expansion in Europe. The [...]
