TfL boss that oversaw Crossrail and Garden Bridge fiascos set for an honour October 9, 2020 A controversial former TfL boss appears to be in line for an honour, after Sadiq Khan tweeted his congratulations before the tweet was hastily removed. The Queen’s birthday honours list will be be announced tonight, however it appears the mayor of London jumped the gun this morning by announcing that former TfL commissioner Mike Brown [...]
Netflix to triple London office space as it cashes in on British success stories October 9, 2020 Netflix is set to massively expand its London office space as the US streaming giant doubles down on its commitment to the UK. The streamer will triple its footprint to 100,000 square feet when it moves into the Copyright Building in the West End. Netflix is taking over the lease from outsourcing giant Capita, which [...]
LSE accepts €4.3bn offer to sell Borsa Italiana to Euronext October 9, 2020 The London Stock Exchange has confirmed it has accepted a €4.3bn offer from Euronext for Borsa Italian, Milan’s stock exchange. LSE and Euronext entered into exclusive talks in September after Deutsche Boerse and Switzerland’s SIX bowed out of the race for the Milan bourse. Refinitiv The deal follows after the European Commission formally stated it [...]
London investment firm Centricus makes surprise entry into Tiktok takeover race October 9, 2020 A little-known British investment firm has reportedly emerged as a shock bidder for Tiktok as it looks to derail Oracle’s tie-up with the Chinese viral video app. London-based Centricus Asset Management has been in negotiations with the chief executive of Tiktok’s parent company Bytedance for weeks, the Wall Street Journal reported. The firm is said [...]
Time running out for TfL to secure emergency government funding October 9, 2020 Time is running out for Transport for London (TfL) to secure emergency central government funding, with cash from its last bailout set to dry up in nine days. TfL is in negotiations with the Department for Transport over the funding settlement, with mayor of London Sadiq Khan asking for £5.65bn over the next 18 months [...]
Samaritans and the City: A message for World Mental Health Day October 9, 2020 Tomorrow marks World Mental Health Day, and this year, I can’t help but think how many lives have been profoundly altered by the shock events of 2020. I am reflecting more on what we have all learnt, about ourselves and our world. What change do we want? How can we directly contribute to making our [...]
The UK’s new industrial strategy must not forget London October 9, 2020 Science and technology is set to be at the heart of the UK’s new industrial strategy — to be launched, we’re told, latest this autumn as the government looks to find new ways to reset the UK economy after the worst recession in 300 years. Trailed news of the policy suggests that there will be [...]
Government hands London’s heritage organisations a £103m lifeline October 9, 2020 More than 100 heritage sites across the capital are set to receive a lifesaving financial boost from the government’s Culture Recovery Fund. The Old Royal Naval College in Greenwich is among 129 recipients across London to receive a share of the £103m Culture Recovery Fund for heritage, to help them through the pandemic. The funds [...]
London minister hits out at Sadiq Khan for ‘mixed messages’ during Covid October 8, 2020 Boris Johnson’s London minister has hit out at Sadiq Khan for sending “mixed messages” and for being two-faced in his dealings with the government. Paul Scully said today that Khan had “worked collaboratively” with the government behind closed doors during the Covid pandemic, but that he too often then goes on to attack the Prime [...]
Optimism rises among financial services firms as business volumes stabilise October 8, 2020 Optimism within the financial services sector increased for the first time in three quarters as business volumes showed signs of stabilising following the initial shock of the coronavirus crisis, a new survey showed. Sentiment among finance firms rose nine per cent in the three months to the end of September, according to the Confederation of [...]
