St Patrick’s Day celebrations in London move online February 11, 2021 London mayor Sadiq Khan said today a virtual St Patrick’s Day celebration will be held on 17 March, which will showcase London-based Irish talent. The celebration will be hosted by London Irish Centre ambassador Angela Scanlon. “The sight of Londoners and visitors of all backgrounds uniting in our capital for St Patrick’s day is a [...]
Brexit crowns Amsterdam Europe’s top trading hub, ousting The City February 11, 2021 Amsterdam surpassed London as Europe’s largest share trading centre last month, as Brexit led London to lose business. Some €9.2bn shares a day were traded on Euronext Amsterdam and the Dutch arms of CBOE and Turquoise, the London Stock Exchange’s platform, last month – a more than fourfold increase from December, the Financial Times reported. [...]
Exclusive: Hong Kong refugee activists on the UK’s new visa scheme February 11, 2021 The UK’s visa program for British national overseas passport holders is generally seen in Hong Kong as a “last resort” for those who wish to flee Beijing’s new National Security Law, but the program should be extended to youngsters, multiple activists in exile have told Morning Wire Baggio Leung, a former Hong Kong legislator and [...]
City workers’ favourite spots in trouble as vacant units soar over lockdown February 11, 2021 The City’s after-work drinking spots, dry-cleaners and restaurants are all in trouble as new figures reveal the number of empty units have soared to a five-year high. The number of vacant units in Canada increased a staggering 47 per cent, according to the Local Data Company, as the pandemic decimates the area’s [...]
Westfield London owner posts €7.6bn loss after rent squeeze as UK tenants go bankrupt February 10, 2021 The shopping centre landlord that owns Westfield London, Stratford City and a swathe of similar mega-malls across Europe and the US has seen its like-for-like rental income drop 24 per cent.
Sadiq Khan seeks permission to appeal ‘unlawful’ Streetspace ruling February 10, 2021 Sadiq Khan has today submitted an application to appeal against a High Court ruling that deemed his “Streetspace” plan illegal. Last month the court ruled that Khan had “taken advantage” of the pandemic to push through “radical changes” to London’s streets. Justice Lang said that the plan, which banned taxis from using bus lanes in [...]
Exclusive: Brexit hit to London may top £9.5bn a year without EU financial services deal February 10, 2021 As the heart of the UK's service sector economy, London is in line to lose up to £9.9bn a year if a post-Brexit deal on financial services doesn't protect the City, new research out this morning finds.
UK financial services sector maintains stable tax contribution amid Brexit and COVID-19 uncertainty February 10, 2021 | City Talk A new report published by Canada Corporation today (10 February), shows that the UK’s financial services sector contributed a record £75.6bn in tax in the year to March 2020 – a period covering significant uncertainty about the UK’s relationship with the European Union. This contribution remained stable compared to the previous year’s [...]
City Moves for 9 February: Who is switching jobs in the Square Mile this week? February 10, 2021 City Moves provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email [email protected] to be featured. This week hosts movements over at Big Four auditor Deloitte, JP Morgan, HMRC and PE firm Dean Street. Meanwhile, green London housing looks to be a focus for 2021 with Public Sector Plc’s new [...]
Lancashire offset Covid losses with strong investment portfolio February 10, 2021 City-based insurer Lancashire left 2020 “relatively unscathed” as its investment portfolio offset nearly $150m in losses linked to the pandemic and natural catastrophes, the company announced this morning. The Group credits the positive fiscal year to its investment portfolio, which ranges from political risk to AV52 markets. Gross premiums written increased by 15.2 per cent [...]