Think-tank: Further restrictions will put more people into poverty December 26, 2021 A think-tank boss has warned that further restrictions would put hundreds of thousands of people at risk of long-term poverty. Dame Philippa Stroud, a former highly-respected Tory adviser and now chief of the Legatum Institute, wrote today in the Sunday Telegraph that some 900,000 people slipped into poverty during previous lockdowns and that that number [...]
Weak UK retail sales drags FTSE 100 lower – CityAM : CityAM August 20, 2021 London’s FTSE 100 extended yesterday’s sharp losses into this morning as weak UK retail sales figures weighed on market sentiment. The capital’s premier index slipped 0.22 per cent to 7,043.22 points during the first two hours of trading on Friday. The blue-chip index is on track to register its worst week since January. Also Read: [...]
London is the envy of the world as a financial centre, and we can maintain this status with digital assets May 18, 2023 Lord Holmes asks questions in the House of Lords on yesterday's damning crypto report from the Treasury Committee.
UK retailers most pessimistic since financial crisis amid coronavirus outbreak March 25, 2020 UK retailers are at their most pessimistic since the financial crisis as sales of non-essential goods plummet due to coronavirus containment measures, a survey has shown. However, grocers and other food firms have seen a surge in demand as Brits stockpile during the coronavirus lockdown, the CBI said today. This divergence of fortunes for Britain’s [...]
Exclusive: Almost half of London SMEs planning to hire this year August 24, 2021 Just under half (42 per cent) of London SMEs plan to hire in the next 12 months. This is more than anywhere else in the country bar the North West (54 per cent), according to Barclaycard research. Firms are looking forward to a sales boost this weekend with one in 10 London businesses (11 per [...]
Exclusive: London faces ‘furlough cliff edge’ with Newham, Haringey and Brent to suffer most July 10, 2021 London workers are amongst the hardest hit by the pandemic onslaught, with four London boroughs featuring in the top five areas in the UK that are most reliant on furlough. The London borough of Newham has 18 per cent of its working population on furlough and is second out of 369 ranked county or district [...]
Focus On: Islington – An area that has all a savvy buyer needs November 5, 2021 One of those neighbourhoods that has it all, Islington combines lively restaurants and bars, inviting pubs and attractive residential areas with Georgian townhouses, garden squares and quaint terraces. Less bourgeois than west London, it attracts a mix of high-earning middle class millennials and boomers, families, and hipster house sharers with a liking for arts and [...]
Draper Esprit floats to become largest tech VC on London’s main market July 23, 2021 UK venture capital firm Draper Esprit today announced it has made the jump from the AIM to London’s main market, with a market value of £1.4bn – the largest tech-only focused VC on the London Stock Exchange (LSE). The move comes exactly a month after the firm announced its intention to make the leap and [...]
Markets have bigger things to worry about than a change in Number 10 July 12, 2022 Markets tend to be one step ahead of everyone else. Investors are always trying to identify new risks and limit their exposure to events that hurt stock markets. That forward-looking ethos probably explains why they ignored the upheaval in Number 10 last week. Boris Johnson’s position has looked wobbly for a while. Investors priced in [...]
Peel Hunt raises £112m in AIM IPO September 24, 2021 Investment bank Peel Hunt has announced it has successfully raised £112m in its AIM IPO. This fund included £40m of new capital which will go towards supporting the next phase of the company’s growth, the mid and small-cap specialist investment bank said on Friday. The placing was described as comfortably over-subscribed after attracting strong support [...]