Croydon Tech City: What 2016 means for the Silicon Valley of South London as it attracts new startups and invests in skills January 8, 2016 As we enter into 2016, this year will be the fourth for the Croydon Tech City project which has grown into a formal organisation and movement of over a thousand entrepreneurs, venture capitalists and software developers. In that time, the borough has experienced a 38 per cent growth in tech, digital and creative startup activity [...]
Is Labour leader Jeremy Corbyn right – when it comes to kickstarting the economy, is it time for a people’s QE? December 14, 2015 This is a big week for capitalism. In the next few days, the US Federal Reserve will finally start to remove its accommodative post-2008 crisis policy by pulling money out of markets. With asset markets buoyant and the American jobs market seemingly strong, policy-makers should be surely saying ‘job well done’? But, on the ground, [...]
Biotech helps Dow leap more than 120 points – New York Report October 7, 2015 Arebound in biotechnology companies yesterday pushed the S&P 500 to its highest level in three weeks as US stocks ended higher after a volatile session. The Dow Jones industrial average rose 121.96 points, or 0.73 per cent, to 16,912.15, the S&P 500 gained 15.9 points, or 0.8 per cent, to 1,995.82 and the Nasdaq Composite [...]
Property firm Knight Frank launches Tech team to target London’s booming digital sector November 16, 2015 Knight Frank has created a Tech team to tap into growing demand from digital firms looking for office space in the capital. The property advisory company said it has poached industry veteran James Nicholson from rival firm JLL to lead a new central London Tech and Creative team and build the company’s profile in the [...]
Crossrail: Latest images from Bond Street show how close London’s infrastructure project is to completion October 23, 2015 Crossrail may be another two or three years from completion, but the latest images released from London's £14.8bn infrastructure project show that the tunnels 30 metres below Oxford Street have already been finished. The western ticket hall on Davies Street is now "structurally complete" while excavation of the eastern hall on Hanover Square is due to finish [...]
UK weather: Storm Barney brings travel chaos to train networks including Southern, Southeastern, Thameslink, Gatwick Express, Abellio Greater Anglia, Stansted Express and London Midland November 18, 2015 Storm Barney landed last night, with severe gales of up to 80 mph in some parts of the country. As forecast, that is having a knock-on effect with a number of train networks this morning, with several lines reporting severe or minor delays as a result of the bad weather. A fallen tree has damaged [...]
The craft behind the costumes at Covent Garden’s Royal Opera House March 1, 2016 Bloodied disembodied arms hang from the walls of an otherwise pristine workroom in Essex, where students – their focused expressions lit up by as many Macbook Pros – largely ignore the gruesome debris in their midst. “Oh, that’s Napoleon Blown-apart,” the teacher says. “It’s a project we were working on where we got the students [...]
Booming London office demand drives vacancy rates to 15-year low October 28, 2015 London office vacancy rates dropped to a 15-year low during the third quarter of the year, new research shows, as increasing competition made space in the capital increasingly difficult to come by. As the economic recovery gathers pace, demand for office space has surged, thanks to businesses feeling more confident about their future prospects. Fears rents will [...]
Creative and tech firms fuel surge in rents north of London’s west end October 15, 2015 Technology and creative firms have sent rental prices rocketing across central London since the financial crisis, particularly in areas such as the north of Oxford Street and Euston where these firms have created hubs, according to new research out today by Knight Frank. Noho – which stands for North of Soho and encompasses the area [...]
US crude stockpiles shake oil markets again as reported weekly build sends Brent and West Texas Intermediate prices down November 16, 2016 Oil prices edged lower today after another week of expectation-busting rises in US crude stockpiles. Global benchmark Brent crude shed 1.2 per cent, or 56 cents, to trade at $46.39 a barrel this afternoon, while US sweet crude lost 1.4 per cent, or 65 cents, at $45.16 a barrel. Weekly US crude oil inventories surged by [...]