Night of violence: Multiple stabbings across London in last 24 hours July 22, 2021 London saw several acts of violence in the last 24 hours, leaving one man dead and two women in hospital as a result of knife crime. In south London, a man believed to be in his 20s has died following a stabbing close to Brixton Underground station around 8:45pm. Despite paramedics’ efforts, the victim was [...]
London shares left buzzing after PensionBee hits £2bn in managed assets July 22, 2021 Online pensions provider PensionBee has racked up £2bn worth of pensions under management, which has sent shares flying over six per cent. The app said its assets under management had surged 117 per cent to over £1.9bn in the six months to 30 June. The pensions surge, up from £915m worth of assets in the [...]
London Mayor offers financial support to Hongkongers settling in the capital July 22, 2021 City Hall has announced to use a £900k grant to provide advice on housing, employment and education for the newly arrived Hong Kong migrants. London is expected to welcome a larger proportion of the projected 153,000 new arrivals from Hong Kong to the UK this year after the government introduced a new visa for Hong [...]
Daniel Morgan: Met and Cressida Dick accused of ‘betrayal’ over 1987 unsolved murder July 21, 2021 London’s police force has been accused of a “betrayal of the public” and continuing to “lack candour” in its statements over the unsolved murder of private investigator Daniel Morgan. The Metropolitan Police were accused of institutional corruption by an independent panel over the 1987 killing, which has remained unsolved despite at least four police investigations [...]
Somerset House brings all the fun of the fair to its courtyard July 21, 2021 The Somerset House courtyard has become a staple of the winter calendar with its picturesque ice rink and warming cocktails. But a new summer installation by artist-architect Yinka Ilori could make it one of the most sought-after summer hangouts, too. The huge courtyard has been transformed into a “a joyful spectacle of colour, sound and [...]
Bank of England Andrew Bailey concedes shortcomings in diversity July 21, 2021 Governor Andrew Bailey has promised to do more to address systemic racial inequality after a review found “material disparities” persist at the Bank of England. Staff from ethnic minority backgrounds were less likely to be promoted, received smaller bonuses and were afforded fewer opportunities for career development and progression than their white colleagues, according to the [...]
London Mayor announces funding for capital’s high streets post-pandemic July 21, 2021 The Mayor of London, Sadiq Khan, has announced funding for 35 projects across London to ensure the protection of the capital’s high streets post-pandemic. The high streets of London were heavily impacted by the pandemic. The British Retail Consortium estimate there are about 5,000 fewer shops since the pandemic started. The high streets have also [...]
City Moves: Who’s switching jobs in the Square Mile this week? July 21, 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. Ex-UBS and Canary Wharf Group chiefs join construction-tech firm British construction technology company Modulous has bolstered its London workforce with former Canary Wharf and UBS leads this week. Former director of the Canary Wharf Group Chris [...]
Watch: London’s Royal Albert Hall reopens at full capacity July 20, 2021 Prestigious London performance and events venue the Royal Albert Hall has reopened at full capacity for the first time since March 2020, but said the pandemic has been financially devastating. Watch the full report.
Exclusive: Sharp drop in fines against finance directors as HMRC has ‘bigger fish to fry’ July 20, 2021 The number of penalties issued personally to finance directors at large businesses by HMRC has dropped from 148 to just 20 in a year, according to new data, shared with Morning Wire today. Law firm Pinsent Masons said that much of the fall in the number of fines against finance directors is due to HMRC [...]