Sadiq Khan’s Covid business group calls for London-specific support February 18, 2021 The government should already be drawing up a campaign to reassure people it will be safe to get back on London’s High Streets post-Covid and appoint a minister for “reopening the economy”, according to Sadiq Khan and a group of London business leaders. Khan’s London Covid Business Forum – which includes heads of lobby groups [...]
Terrific Thursday for London IPO market as Wise, Victorian Plumbing, Seraphine, Poolbeg and Voyager Life confirm plans to float June 17, 2021 Fintech firm Wise, bathroom retailer Victorian Plumbing; high end maternity retailer Seraphine, favoured by the Duchess of Cambridge; Dublin-based drug maker Poolbeg and cannabidiol products supplier Voyager Life all revealed plans to float today. Money transfer firm Wise said this morning to join the London Stock Exchange in what could be the biggest UK listing [...]
Boris Johnson: Central London’s post-Covid recovery ‘may take a while’ April 5, 2021 Boris Johnson has said that central London’s economic recovery “may take a while” post-Covid as he today confirmed pubs and restaurants will reopen next Monday. Johnson said at today’s press conference that he thinks “the London economy is capable of bouncing back very strongly”, particularly “when we get the life going again in the artistic, [...]
Beyond Pret sandwich sales, how do we measure the recovery of London? May 23, 2021 After more than a year of lockdown restrictions, words like “recovery” are thick in the air. Indeed, the Bank of England is forecasting annual growth of 7.25 per cent, the fastest rate since 1941; positive news, but it is not the most digestible statistic for much of Britain’s population. The most important benchmarks are ones [...]
Car dealer Pendragon beats profit expectations despite lockdowns September 15, 2021 Car dealer Pendragon said it had beaten its first half profit expectations despite the lockdowns that were in effect for much of January and February. The London-listed firm posted profit of £35.1m, up from a loss of £31m last year. It also reported a 49 per cent hike in revenue to £1.8bn, up from £1.2bn [...]
Uncertainty from our leaders is keeping our economic recovery wavering on the brink February 2, 2022 In November last year, the UK’s total GDP output finally regained its pre-pandemic level. But although the economic recovery is on an upward trajectory, there is a disconcerting stop-start hesitancy to it. A reasonable indicator of where the economy stands in any given month is the purchasing managers’ index which shows the prevailing direction of [...]
QPR launch bond in bid to part-crowdfund new £20m training ground September 30, 2021 Queens Park Rangers have launched a bond in a bid to partially crowdfund their plans for a new £20m training ground. The five-year bond is aimed at supporters and retail investors and will pay five per cent interest plus a 25 per cent bonus should QPR be promoted to the Premier League by 2026. “Supporter [...]
Mayor of London election: Where do the major candidates stand on the Covid recovery? May 5, 2021 With the 6 May mayor of London election just one day away, City A.M. is producing a four-piece series on where the four leading candidates stand on different issues. Today, we look at Covid recovery policies from the candidates from Labour, the Conservatives, the Green Party and the Liberal Democrats. Sadiq Khan The incumbent mayor [...]
One in three Londoners suffer income drop during pandemic, study finds May 8, 2021 Almost one in three Londoners experienced a fall in income during the pandemic, the joint highest of any region in the UK, new data has shown. The income pressure was driven by the disruption inflicted on retail and hospitality throughout the Covid crisis, according to research gathered by consultancy firm Lane Clark & Peacock (LCP). [...]
Some businesses to be eligible for exemption to self-isolation rules July 20, 2021 Businesses will be able to apply for exemptions to the government’s self-isolation rules amidst fears the so-called pingdemic will cripple the economy. The Prime Minister’s official spokesman said vital businesses that maintain the supply of food or medicines, like supermarkets and pharmacies, could be eligible for the exemption. It comes as up to 1m people [...]