Just 15 per cent of central London workers back in the office, says think tank August 12, 2021 Just 15 per cent of central London workers have returned to their place of work, according to new figures from the Centre for Cities think tank. The new figures for the last week of July showed that central London has the lowest amount of workers who have returned to the office out of any city [...]
Brits still spooked over public transport as spending lies well below pre-Covid levels August 11, 2021 Covid-19 still has Brits spooked about public transport, despite the UK lifting restrictions, as cash dished out on trains and buses remains well behind pre-pandemic spending. Consumer spending across public transport sits 30 per cent below figures seen in 2019, according to new data from moneysaving app Snoop. Meanwhile, petrol has enjoyed a 90 per [...]
East London state school outperforms Eton in Oxbridge offers August 11, 2021 Brampton Manor Academy, a school in east London is celebrating after 55 students obtained the A-level grades to study at Oxford or Cambridge, more than the offers made to prestigious Eton College. The majority of pupils at the school in Newham are from ethnic minority backgrounds, receive free school meals (FSMs), or will be the [...]
City Moves: Who’s switching jobs in the Square Mile this week? August 11, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email [email protected] to be featured. Former Tesco director joins London’s Interpath as special advisor London-headquartered firm Interpath Advisory has appointed former Tesco director and retail veteran Christine Cross as a special advisor for the business. Cross’ extensive non-executive and advisory board [...]
Long Covid cure? Researchers to trial traditional Indian herb treatment August 10, 2021 The London School of Hygiene & Tropical Medicine will work with the All India Institute of Ayurveda to determine whether a traditional Indian herb can help people recover from long Covid. Ashwagandha, commonly known as Indian winter cherry, is traditionally used in the Indian Ayurvedic system of medicine to boost energy, reduce stress and strengthen [...]
Derwent London snaps up Bloomsbury buildings as return to office builds August 10, 2021 Property giant Derwent London has announced the acquisition of five buildings around Bloomsbury and Marylebone as demand for new office space starts to rebound. Derwent London exchanged contracts for two properties totalling 182,100 sq ft located in the so-called knowledge quarter around University College London for £214.6m. The freehold office building at 250 Euston Road [...]
M&G investment shares slip after reporting loss August 10, 2021 Investment manager M&G saw shares fall after today reporting a loss after tax of £248m for the first half of the year. Before tax the company saw a six per cent improvement in its profits for the half-year, at £327m, but the FTSE 100 company swung to a loss after tax of £248m for the six [...]
Oops: Traffic chaos mounts after Tower Bridge gets stuck open August 9, 2021 The moving elements of Tower Bridge remain stuck in the raised position tonight, shutting down one of the main road arteries across the Thames. The Bridge was raised to allow a sailboat passage along the river, but the bridge’s bascules this afternoon became lodged in the raised position. The technical fault last occurred in August [...]
BBC headquarters ‘in lockdown’ as anti-vax protesters target broadcaster August 9, 2021 The BBC’s central London headquarters have reportedly been placed under lockdown as anti-vaccination protesters target the public service broadcaster. Earlier today the clueless mob attempted to storm Television Centre in west London, which stopped serving as the BBC’s headquarters in 2013. It is now home to studios for daytime ITV shows including Loose Women, luxury [...]
Recruitment firm PageGroup sees revived revenue amid pent-up demand August 9, 2021 Recruitment firm PageGroup has seen its financials on the uplift towards pre-pandemic levels in the past six months, which its boss hopes is “sustainable” amid pent-up demand. Shares sank 3.3 per cent in its afternoon trading, down to 602p per share. Revenue hit £766.4m in the six months to 30 June, up from £655m last [...]