Liverpool Street redevelopment: Project secures support of key London business body April 12, 2023 A key business body has shown its support for the £1.5bn redevelopment of Liverpool Station as it calls for greater measures to streamline access to London’s financial hub. The City of London Chamber of Commerce said this morning that it has decided to back the redevelopment of Liverpool Street Station, which could potentially see new [...]
Formula E set for close London finale while F1 sees repeat results July 25, 2023 While Formula 1’s increasing predictability is testing viewers’ appetite, the same cannot be said of Formula E ahead of this weekend’s finale in London. On Saturday and Sunday race fans will descend on Docklands for a double header to decide the championship. With a maximum of 58 points available across two races, any one of [...]
Interactive: Here’s how much rents have gone up where you live as London prices spiral December 1, 2023 Rents have gone up over the past year but more in some areas than most - with London hit particularly hard by increases
Loss of tax-free shopping costing the UK £4.1bn, say London bosses July 26, 2023 Scrapping the tourist tax could generate £4.1bn annually for the UK economy, new research suggests, as a cluster of prominent business owners call for the government to reinstate VAT shopping for international tourists. Rishi Sunak scrapped the tax which saw international shoppers able to claim 20 per cent back with their purchases. It was largely [...]
London flat sales beat pre-pandemic levels as property market stabilises April 12, 2023 Sales of London flats are up nearly 25 per cent on pre-pandemic levels, according to new data, in a sign that the City’s property market is starting stabilise. In March, flat sales in London were 23 per cent higher than in March 2019 – the first time monthly sales have been higher than in 2019 [...]
Law firms help drive record demand for London office space February 23, 2023 Law firms, accounting firms and consultancies acquired a record 2.5m sq ft of central London office space in 2022, following a boom in the professional services sector’s revenues. London’s top services firms took up 50 per cent more office space last year than in 2021, as the sector capitalised on an “unprecedented” surge in demand, [...]
London SPAC looks to pounce on falling fintech valuations before float next week June 2, 2023 A special purpose acquisition company (SPAC) said it is looking to capitalise on a plunge in the valuations of fintech firms today as it prepares to begin trading on the main market of the London Stock Exchange next week.
Black Friday: London footfall up 13 per cent as cash-strapped Brits sniff out deals November 24, 2023 Central London saw a 13 per cent week-on-week jump in footfall this morning as shoppers flocked to the West-End to sniff out some Black Friday deals, in a much needed boost for retailers. The sales bonanza is an important day in the retail calendar as it kicks starts the start of the festive shopping season. [...]
Square Mile and Me: AKQA founder Ajaz Ahmed on why he thinks London is the greatest city in the world November 23, 2023 Each week we ask a City figure to take a trip down memory lane. Today Ajaz Ahmed, founder and CEO of design agency AKQA, tells us how he came to love life in London.
London workers brave rail strikes and head back to office – but are ‘exception to the rule’ of WFH trend July 21, 2023 Strikes are failing to deter London workers from heading back into the office, with the capital one of only three UK cities to see growth in commuter numbers over the last quarter. As the summer months kicked in, the number of Londoners heading into the office fell significantly across the board, data from Virgin Media’s [...]