As City Airport is sold to consortium of Canadian and Qatari investors led by the Ontario Teachers’ Pension Plan and Borealis Infrastructure, it’s time to let it expand February 26, 2016 The debate about airport capacity in the UK has been dominated by the two giants of Heathrow and Gatwick. Vital as this decision is, it shouldn’t drown out the pressing need to make the most of existing infrastructure assets, including the popular and efficient little airport that sits in the Thames to the east of [...]
HSBC’s decision to stay in London is great for the UK, the capital and the kick-start London’s financial services needs February 15, 2016 It comes as a welcome relief that HSBC has taken the decision to maintain its headquarter status in London. Its towering Canada Square, Canary Wharf presence allows the famous HSBC sign to be seen from some distance away. It is therefore, great news that this will remain intact. There are a number of reasons why [...]
Now Londoners can get food from a Michelin-starred chef delivered to their door with new app Godo December 8, 2015 We've all been there: home from the office late and can't be bothered to cook… But now you can get a takeaway in style with a new app delivering food from a Michelin-starred chef to your door. Italian food brand Godo has launched an app which allows users in the City, Canary Wharf and Mayfair to order Italian pasta dishes cooked by Tommaso [...]
UK income tax: Chancellor George Osborne says lowering the top rate of tax from 50p to 45p raised an extra £8bn for the Treasury in one year March 1, 2016 Cutting the top rate of income tax has raised billions of pounds in extra revenues for the Treasury, chancellor George Osborne said today. Speaking in the House of Commons earlier today, Osborne said that lowering the top rate from 50p to 45p raised an additional £8bn in its first year. Osborne said the new revenue figures "completely" [...]
A new estate agent opened up every 1.6 days in London last year, with the City of Westminster seeing a particularly rapid increase in numbers February 16, 2016 Estate agents popped up across the capital at breakneck speed last year, with a new business opening its doors once every 1.6 days, according to research released today. The study by online estate agents HouseSimple.com discovered that greater London now has almost 2,900 estate agents lining its high streets, which equates to an average of [...]
Mapped: What Londoners order the most according to the borough they live in December 20, 2015 Londoners have proven to be pretty stereotypical when it comes to what they shop for online. Unless you live in Croydon, of course… After analysing sales data and quizzing London consumers on their purchases this year, up-market concierge app Henchman has found out what people are requesting most across the capital. Some of the results are [...]
HSBC to move 1,000 jobs from Canary Wharf to Birmingham March 24, 2015 HSBC will move 1,000 jobs from its Canary Wharf headquarters to Birmingham from 2017, the bank said today. In a statement today, it added that the jobs will be head office roles at its ring-fenced bank. Under rules due to be set out by the Prudential Regulation Authority (PRA), banks must separate their "core" retail [...]
Uber’s London HQ heads to Aldgate Tower while service expands to Sheffield, Bristol, Slough, Maidenhead, Windsor and more to follow December 22, 2015 Uber’s attempts at world domination show no sign of abating as the disruptive taxi app arrives at five more locations in the UK and parks itself at a new London headquarters. The billion-dollar startup will move from King's Cross to take up a new spot of around 40,000 sq ft – double the size of [...]
Big businesses made a fuss over Bond, but go quiet on The Big Short January 20, 2016 Financiers are famed for their love of hard facts and logical outlook, but would London’s business folk rather daydream about being spies than take a history lesson? That seems to be the case as far as film tastes are concerned. Last year firms could barely contain themselves ahead of the release of latest Bond film [...]
Toronto mayor John Tory falls in love with London’s Docklands on visit October 25, 2015 Perhaps it isn’t news that a conservative that goes by the name of “Tory” took a shine to Canary Wharf this weekend, but one conservative Canadian’s sheer jubilation at the sight of a Tube map was just too good not to share. Following the Canadian general election, which saw the country’s Liberal party swan into office [...]