Back London today — so that London may back the UK tomorrow October 8, 2020 At the Conservative Party Conference this week, chancellor Rishi Sunak promised he “will always be pragmatic”. Right now, however, the policies governing our towns and cities appear anything but pragmatic. Given that the UK’s major cities, and especially London, are going to be vital in helping our economy recover from the impact of Covid-19, it [...]
Pubs and bars in row over late night levy as 10pm curfew sinks sales October 7, 2020 Pubs and bars have urged the government to scrap a tax on late night openings after it emerged many venues are still being charged despite being forced to close at 10pm. The late night levy is charged by some councils on venues selling alcohol between midnight and 6am as a way of paying for additional [...]
Major evacuation from St Paul’s after suspected gas leak October 6, 2020 More than 200 people have been evacuated from St Paul’s Cathedral and surrounding businesses after a suspected gas leak. The London Fire Brigade said it had been called to a restaurant and office block in St Paul’s Churchyard at 1.20pm on Tuesday. The fire service said it believed it had been a gas leak from [...]
Exclusive: New £90m fund chases proptech startups across UK and Europe October 6, 2020 A new investment vehicle that will invest in real estate-technology companies in Britain and across Europe has been launched. BNP Paribas Real Estate, the property arm of BNP Paribas, has joined venture capital firm Fifth Wall, which launched the European Proptech Fund. The vehicle aims to invest in fast-growing European property technology-focused startups, or proptech. [...]
JP Morgan to offer lucrative investment banking jobs to school leavers October 6, 2020 Investment bank J.P. Morgan will soon offer school leavers a fast-track route to a lucrative investment banking job, namely via one of its UK apprenticeships. The bank’s so-called four-year Level 6 Financial Services Apprenticeship programme will enable individuals to ‘earn as they learn’, provided they complete a degree in Applied Finance at the University of [...]
Young Londoners buck trend to leave the capital due to coronavirus pandemic October 6, 2020 Young people are keen to continue living in London despite the trend, sparked by the coronavirus pandemic, to seek bigger and cheaper housing outside of the capital, according to the latest research. Research published this morning showed that 73 per cent of Londoners aged 25 to 44 were planning to remain in the capital, compared [...]
O2 Arena to resume live events in December with Squeeze gig October 5, 2020 The O2 Arena has announced plans to resume live events for the first time in eight months in December with a gig headlined by 70s rock group Squeeze. The Cool for Cats rockers will play to socially distanced fans on Saturday 5 December in the first concert at the east London venue since it was [...]
Bank of America picks insider for new European capital markets role October 5, 2020 Bank of America has promoted a long-standing executive to the newly created position of head of global capital markets for Europe, the Middle East and Africa. London-based Jeff Tannenbaum, who has been with the bank for more than 22 years, started his new role last week, according to an update on his LinkedIn profile. His appointment follows the departure of Sam [...]
High rents force three in four hospitality businesses to consider restructure or insolvency October 5, 2020 73% of London-based hospitality and leisure operators are considering a restructure or insolvency as a result of the economic impact of the ongoing pandemic. Advisory firm Cedar Dean, which surveyed 230 hospitality and leisure businesses with around 2,000 venues across the UK, found that rental obligations are currently the most pressing issue. 86% of London-based [...]
No deal Brexit ‘catastrophic’ for NHS staff and supplies: medical chief October 5, 2020 A hard Brexit will have a “potentially catastrophic impact” on the NHS and its patients and staff, according to the deputy chair of the British Medical Association (BMA). Dr David Wrigley, who is also the BMA’s trade negotiations lead, fears that a no deal Brexit, which seems increasingly likely, would hit patients and staff across [...]
