High-end estate agent Savills blames interest rates for profit crash March 14, 2024 Commercial and residential estate agent Savills made a loss during the full year, as rising interest rates hindered activity.
London’s soaring rents now swallow up 35 per cent of tenants’ salaries October 23, 2023 More than a third of Londoners’ average pay went towards paying rent last year, according to the latest government figures, as tenants face a crisis in the capital. Data released by the Office for National Statistics on Monday showed that London was the least affordable region in the UK in which to rent, with an [...]
Tom Hayes and Carlo Palombo: Criminal appeal to start for ex-UBS and Barclays traders convicted of rigging March 13, 2024 Both men were investigated and prosecuted by the Serious Fraud Office (SFO) along with others in the Eibor case.
London expansion picks up pace for Spanish bank Alantra as series of hires give boost to the City July 31, 2023 Spanish investment bank Alantra has made a series of new hires in the year so far as its push into the London market picks up the pace. So far this year it has brought in Graham Nicoll from Barclays to lead its Midlands team while Sulaiman Bosha has joined from Crito Capital as a managing [...]
Central banks and governments pressured lenders to rig Libor rate, new book claims May 22, 2023 A new book alleges that banks were pressured by central banks and governments to manipulate the London Interbank Offered Rate, or Libor, in an attempt to boost confidence in the financial sector. The book, which is being serialised in The Times, claims that regulators and prosecutors knew about this pressure, but covered it up when [...]
Inside House of Campari: Brexit vote of confidence in London as Italian spirits giant moves to Soho November 7, 2022 Campari Group, the producer of spirits brands in the UK such as Aperol, Wray & Nephew, Appleton Estate Jamaica Rum as well as Campari, has opened a new regional headquarters in the heart of the capital. Named “The House of Campari”, the new London base is situated in Great Portland Street, just off Oxford Street. [...]
London-based Colt set to close $1.8bn swoop on Nasdaq-listed tech firm October 31, 2023 London tech firm Colt is set to complete its $1.8bn swoop on a US firm in the coming days after winning regulatory sign-off for the deal, City A.M. can reveal.
New London to Scotland rail service gets the go ahead with cheaper fares expected March 7, 2024 A new rail service between London and Stirling has been given the green light by the regulator, increasing competition on the West Coast Mainline.
Eurostar services cancelled today due to flooded tunnel December 30, 2023 Eurostar services from London have been cancelled “until the end of the day” as heavy rain and strong winds threaten to spoil people’s new year plans. No high-speed services are expected to run between Ebbsfleet International and London St Pancras International today because a tunnel under the Thames is flooded. The flooding is also disrupting [...]
Oh, the weather outside is… fine? UK set for warmest Christmas day in decades December 25, 2023 Dreams of a White Christmas have been shattered for most of the UK, with “very mild” temperatures continuing after the country saw its warmest December 24 for more than 20 years.