Who is buying London’s mansions? 60 per cent go to wealthy buyers from four countries February 23, 2024 The super-prime market in London is booming. More mansions in the capital are being sold, for higher prices, to an increasingly international base. In 2023, sales of super-luxury new-build London apartments rose by 137 per cent to an average of £4,306 per square foot, according to Beauchamp Estates. Supply of luxury houses has also been boosted by an influx [...]
TSB shifts Square Mile hub as staff defy work from home expectations June 16, 2024 The controversial work-from-home trend, catalysed by the Covid-19 lockdowns, has drawn criticism by some business leaders and politicians.
Is it time we took a swing on “golf’s Soho House” Caddi Club? May 29, 2024 Soho House is one of two things to Londoners: it’s either the bane of their life, a place where friends force you to enjoy yourself in an overcrowded central spot, or it is the capital’s oasis, where discretion and exclusivity reigns supreme. Why would any other business like to be associated with its model? Because [...]
Oakley Capital: Private equity firm sells digital learning platform to Lloyd’s Register September 2, 2024 Private equity firm Oakley Capital has sold digital learning platform Ocean Technologies Group (OTG) to maritime classification society Lloyd’s Register for an undisclosed sum.
Embattled energy trust crashes after relisting on London Stock Exchange March 7, 2024 The trust began trading on the London Stock Exchange from 3:30pm yesterday after the trust published its delayed annual and interim results in January.
London business confidence improves heading into Christmas October 31, 2023 London firms are growing increasingly confident heading into the Christmas period as inflation falls and firms have more certainty over the future of rate hikes.
Business interruption is big unknown for insurers, says Bank of England July 8, 2020 The biggest uncertainty now facing insurers is whether they will have to pay for a raft of business interruption claims, the Bank of England has said, ahead of a court ruling on the matter this month. The court will decide whether existing policies should cover the big losses caused by the coronavirus crisis. Anna Sweeney, [...]
Lloyd’s of London boss expects claims spike as market enacts coronavirus response plan March 26, 2020 The chief executive of insurance market Lloyd’s of London said today he expected a spike in claims as a result of the coraonvirus pandemic. Speaking to City A.M., John Neal said “I think we will have heightened claims activity,” but said it was not yet possible to predict the full impact. Neal said Lloyd’s has [...]
Mark Kleinman: Diamond merger shows mid-cap brokers need polish January 18, 2024 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City A.M. column.
Workday to invest £550m in Britain to cement it as tech ‘superpower’ May 15, 2024 US software giant Workday has announced plans to invest more than £550m in the UK over the next three years.