Test for London’s fintech sector: Wise listing could turn into ‘volatile affair’ July 6, 2021 Cross border payments company and fintech giant Wise will be admitted to the London Stock Exchange tomorrow morning. No price guidance has been issued, which will mean that the stock price will be determined during the auction, which will be a lengthy one – from 7.50am onwards, with trading to begin just after 11am – [...]
London’s Capita sells government joint venture Axelos for £380m June 21, 2021 London-headquartered outsourcing firm Capita has sold its UK government joint venture Axelos for £380m, as Capita looks on track for growth for the first time in six years. Shares rocketed 6.03 per cent in this morning trading, taking its share price to 39.91p per share. The joint venture, set up by the firm with the [...]
Future TfL and tube contracts for factory jobs are ‘at risk’, London Mayor Sadiq Khan warns March 21, 2022 London Mayor Sadiq Khan warned this morning that future contracts for London transport schemes which support jobs across the country are at risk without long-term funding from the Government. Khan is visiting the Siemens Mobility facility, where half the 94 new Piccadilly line Tube trains are due to be built, in Goole in East Yorkshire [...]
London’s Capita returns to profit, driven by new government contract wins of £2.6bn August 6, 2021 London-headquartered Capita has reported a recovery in the first half of the year from its pandemic-induced losses a year earlier, as contract cancellations were replaced with £2.6bn worth of new contract wins. Adjusted profit before tax for the six months to 30 June increased by £56.4m – or 508 per cent – to £45.3m, bouncing [...]
Government calls in army to support NHS in hospitals across London as Omicron surges January 7, 2022 As staff shortages are growing quickly due to Covid-19, the Ministry of Defence said this morning it has been asked to deploy troops in London to support the NHS in hospitals across the capital. Around 200 armed forces personnel are being made available to hospitals across the capital, which has been the epicentre of the [...]
London’s GlobalBlock teams up with Canadian developer May 19, 2021 London-based GlobalBlock has announced it has agreed a business combination with Canadian listed Helix Applications (Helix).
Talks failed: Tube strike going ahead on Tuesday and Thursday on ALL London Underground lines February 24, 2022 Strikes by London Underground (LU) workers are to go ahead next week after talks failed to resolve a dispute over jobs, pensions and conditions. Members of the Rail, Maritime and Transport (RMT) union will walk out next Tuesday and Thursday (March 1 and 3), threatening disruption to Tube services across the capital. The RMT said [...]
London Assembly call on mayor to reopen the Night Tube in full November 11, 2021 The London Assembly has called on the mayor to set a timeline for reopening Night Tube services in full after more than 150,000 Londoners signed a petition. London Assembly member Emma Best said: “Sadiq Khan must fully reopen the Night Tube; two lines are simply not enough to keep women, girls and vulnerable Londoners safe [...]
Mayor of London tells COP26 leaders to be ‘doers’, not ‘delayers’ November 11, 2021 Sadiq Khan is expected to call out COP26’s national governments today for being “delayers” rather than “doers” when it comes to the climate crisis.
Hiro Metaverse heads for £115m London listing as UK games industry booms January 31, 2022 Hiro Metaverse announced this afternoon that it plans to raise up to £115m by listing itself on the London Stock Exchange, as the blank-check company looks to tap into the video games and metaverse industries in the UK.