Hiring frenzy at London law firms as ‘apex predator’ disrupts market December 30, 2024 Partners at London law firms are switching companies at record pace as a surge of investment by American rivals ramps up competition for talent. According to data provided by legal recruiter, Edwards Gibson, there were 546 partner moves recorded over 2024. This figure is up seven from 510 moves in 2023, and up 14 per [...]
London Gatwick Airport: Thousands disrupted as fog hits for fourth day December 30, 2024 Flight restrictions remain in place at Gatwick Airport for a fourth day because of fog, disrupting travel plans for thousands of passengers. More than 20 flights planned for the West Sussex airport on Monday were cancelled in advance and passengers are being warned of delays throughout the day. Flights at the UK’s second busiest airport [...]
Retail insolvencies set to surge as Budget bites, experts warn December 30, 2024 A wave of insolvencies could be coming to the retail and hospitality sectors next year as businesses crumble under the tax bill brought on by Labour’s Budget, bosses have warned. Insolvencies and restructuring could rise further over the start of 2025 as firms face increased cost pressures, industry experts have said, with the retail, hospitality [...]
Unaffordable London house prices push first-time buyers to the north December 30, 2024 House prices across the UK have shown signs of rebalancing as prices come down in the capital and jump in the North West and Yorkshire. London has a house price to earnings ratio of 8.22, making it one of the least affordable places to live in the country, against a national ratio of 6.55. Seven [...]
Geopolitics, property and the London marketplace: Here’s what’s in store for insurance next year December 30, 2024 Insurance market in 2024 was defined by record floods and soaring premiums. So what are expects predicting for 2025?
Last orders: Pubs call for action as locals close across the country December 30, 2024 A top pub group has called for “swift and meaningful” reform to business rates today after new figures showed the number of boozers in England and Wales fell below 39,000 for the first time this year. According to official Government statistics, analysed by commercial real estate specialists at Altus Group, 412 pubs were either demolished [...]
Jimmy Carter: King Charles and PM honour former US president after his death aged 100 December 30, 2024 Sir Keir Starmer has led a host of tributes to former US president Jimmy Carter, saying he “redefined the post-presidency with a remarkable commitment to social justice and human rights at home and abroad”. The Prime Minister said Mr Carter, who died aged 100, will be remembered for the Camp David Accords between Israel and [...]
Relief for Reeves as business outlook brightens for new year December 30, 2024 UK businesses have defied the negative sentiment which has defined the latter part of the year and predicted an upswing in 2025. More UK businesses are expecting a stronger start to 2025 than they did entering 2024, new research from Lloyds Business Barometer has found. Seven in ten UK businesses expect to see their turnover [...]
Super prime London flats in 2025: Spas, bars and grocery picking December 30, 2024 Super-prime apartments are set to get even more swanky next year, as a host of new London developments come complete with hotel-esque amenities like spas, bars, music rooms and co-working spaces. With London’s priciest district coming in at nearly 96 times the average price of a home in the north of England (Knightsbridge, at £21.4m), [...]
Finance bosses optimistic about Labour plans to cut red tape December 30, 2024 A KPMG survey found seven in 10 financial services bosses think the policies will help attract foreign investment into the sector.