Illegal London candy stores turned into rent free shops in Oxford Street clean-up July 19, 2023 Oxford Street is set for a major revamp as Westminster City Council launches a new £10m scheme to transform London’s iconic high street. The council will make shops vacated by illicit candy stores, which have blighted the leading retail destination, available to small business owners rent free and lower their business rates by 70 per [...]
FTSE 100 close: Dovish Bank of England interest rate bets extend London gains July 20, 2023 London’s FTSE 100 extended gains today as traders continued to cheer signs that UK inflation may have finally turned a corner. The capital’s premier index hopped 0.76 per cent to 7,646.05 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, was broadly unchanged at 19,311.73 [...]
Blackstone backs London with new Mayfair base October 8, 2022 Blackstone will build its new European headquarters in London at its Mayfair base, in a fresh boost for the for the capital.
Pound records strong week as London markets expects Bank to hike rates further June 2, 2023 The pound has recorded its strongest week against the dollar in half a year as investors expect the Bank of England to keep hiking rates after the Fed has paused. Across the week, the pound gained more than 1.5 per cent against the dollar to trade at over $1.2530 on Friday afternoon. The pound performed [...]
London rent crisis spirals as almost half of UK landlords tried to sell up in last year September 12, 2023 Almost half of UK landlords have tried to sell their property in the last 12 months, as owners look to rid themselves of mortgage pressures in a worrying blow for renters. In a survey which quizzed both landlords and estate agents – conducted by lettings platform Goodlord – some 77.5 per cent of respondents in [...]
London ‘busier and busier’ as return to office gathers pace – but demand for flexible working remains May 24, 2023 Great Portland Estates, a leading landlord in office space said London has got “busier and busier,” but noted that it does not expect the the recovery of offices in the capital to be “uniform” as a demand for flexible working and best space remains. Throughout the year, the property firm recorded £55.5m of leasing, as [...]
Sadiq Khan: London councils need more power to take back empty properties May 23, 2023 The Mayor of London has today called on the government to devolve powers to local councils so they can set higher rates of council tax on vacant properties. It comes as part of a bid to bring back empty flats and houses to the struggling London market. “It’s a scandal that so many much-needed homes [...]
Lloyd’s of London targeted by eco activists with smoke flares and setting off fire alarms May 25, 2023 Smoke engulfed the entrance to insurance hub Lloyd’s of London today as eco protestors set off fire alarms to disrupt activity over of its alleged links to the fossil fuel industry.
London City Airport chief flies to HS1 after Sunak axed Manchester leg of HS2 November 10, 2023 High Speed One (HS1), the UK's only high-speed and international rail line, has announced Robert Sinclair, as its incoming chief executive.
FTSE 100 close: Ocado drags London index into black as markets brace for inflation data July 18, 2023 London’s FTSE 100 squeezed out gains today that have pushed it back into the black in 2023, propped up by shares in online grocer Ocado soaring after a decent set of results. The capital’s premier index jumped 0.64 per cent to 7,453.68 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with [...]