London business backs Gatwick’s £2.2bn second runway proposals July 11, 2023 London business groups have backed Gatwick’s proposals for a £2.2bn second runway, arguing the expansion plans would be a boon for the capital’s connectivity, jobs and trade. Last week, the West Sussex hub submitted proposals to the UK Planning Inspectorate to bring its emergency northern runway into routine use, forecasting this would create 14,000 new [...]
Predicted £7.4bn festive boost in UK hospitality shows Londoners like to party December 6, 2023 The UK hospitality sector will see a favourable boost this holiday season, with a predicted total of £7.4bn to be spent on Christmas partying.
Lawyers welcome plans to boost arbitration laws to secure London’s status as leading disputes hub September 22, 2022 Lawyers have welcomed the Law Commission’s plans to amend the Arbitration Act 1996 with a view to strengthening the UK’s position as a “leading destination” for commercial disputes. The Law Commission’s plans aim to boost the cost savings, efficiency, and confidentiality benefits arbitration has over litigation, by strengthening the powers of arbitration tribunals and streamlining [...]
‘Rip off’: Brits spent eight times their salary buying a home – and in London it’s much worse March 25, 2024 Brits in full time work spent over eight times their annual earnings buying a home last year, and London dwellers are being hit the hardest.
KKR splashes £1.4bn to take yet another London-listed firm private December 7, 2023 Private equity giant KKR is set to take another UK-listed firm private. Smart Metering Systems (SMS), which offers smart energy metering and technology, this morning told markets it was recommending an all-cash, £1.4bn bid from the American firm. It is the latest in a long string of UK-headquartered and London-listed firms to be taken private [...]
Most London holidaymakers want to avoid flying to their next holiday, new stats reveal September 17, 2023 2 in 5 of us want to avoid flying on our next holiday, new data generated by the sustainable travel company Byway reveal. And that number rises when it comes to those of us living in London. 42% of British holidaymakers are looking for alternative ways to travel to reduce their carbon footprint, and that [...]
Can Jeremy Hunt’s Mansion House reforms cure London markets’ malaise? July 11, 2023 Jeremy Hunt’s package of City reform has been hailed by top figures across the Square Mile today - even as one top money manager cast doubt on whether it would prove the right elixir for London’s market woes.
London City Airport to appeal Newham Council’s decision to block growth plans July 11, 2023 London City Airport has said it will appeal against Newham Council’s decision to block its plans to expand flying hours and passenger capacity. “This was the wrong decision and did not properly balance the limited impacts with the very significant benefits of the proposals, particularly in the context of government policy, including making best-use of [...]
Grounded: Council blocks plan for London City Airport passenger and hours expansion July 10, 2023 Newham Council has voted unanimously to reject London City Airport’s plans to expand its passenger capacity from 5m to 9m and lengthen flying hours. Following an extended meeting this afternoon, councillors on Newham’s Strategic Development Committee voted to block the airport’s bid due to concerns over noise pollution. London City said it was “disappointed with [...]
Greenwich: London council orders demolition of luxury blocks built ‘without planning permission’ September 26, 2023 Greenwich Council has ordered that two luxury riverside residential towers be torn down because they were erected without planning permission. Mast Quay Phase II, located in Woolwich, was completed in 2022 and residents have since moved into the posh towers which feature an onsite gym. But the council has argued that the finished building looks [...]