Renting office space near Monument is second most pricey in London Zone 1 – but what’s top? July 17, 2023 Renting office space near Monument station in the heart of the City means you’ll be forking out the second-highest rates in London’s zone one, new research has claimed. The figures from office rental agency Freeofficefinder shows top of the list is the Victoria area with average rents of approximately £900 a week for private office [...]
FTSE 100 close: London index claws back losses as pound and oil prices soar June 1, 2023 London’s FTSE 100 clawed back losses today after posting its worst month since last summer in May, led higher by mining giants regaining ground following yesterday’s sharp losses. The capital’s premier index climbed 0.59 per cent to 7,490.28 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the [...]
London businesses sweat over looming recession and sticky inflation November 30, 2022 London businesses are sweating over the coming recession and sticky inflation, but they are still among the most confident in the UK, a new survey out today reveals. Optimism among the capital’s firms slumped 27 points over the last month to 22 per cent, one of the biggest falls on record, according to Lloyds Bank’s [...]
Another fine mess: Thames Water leaves large parts of London with low water pressure — or no water at all September 13, 2023 Thousands of West London homes have been left without water, or with low water pressure, Thames Water has admitted this morning.
London IPO market slows to a crawl in 2023 as analysts warn ‘challenging’ times to come April 11, 2023 London managed only five IPOs in the first quarter of 2023, raising just £81m as the City’s flagship exchange struggles to attract new participants. The main market saw only two IPOs, from Dar Global and Streaks Gaming. The two IPOs raised a combined £63m, with £60m of that coming from luxury real estate firm Dar [...]
London markets post mixed day as banks take a tumble December 1, 2022 London markets posted mixed performance today as big industrial firms and banks dragged the FTSE 100 lower. The capital’s premier index dropped 0.19 per cent to 7,558.49 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, climbed 1.28 per cent to close at 19,409.42 points. [...]
Gordon Brown leads new campaign for radical UK reform – with focus away from London June 1, 2023 A group of leading Labour politicians has banded together to campaign for reform of the UK – with the focus on political and economic centres outside of London. Led by former prime minister Gordon Brown, Welsh First Minister Mark Drakeford, Greater Manchester Mayor Andy Burnham, West Yorkshire Mayor Tracy Brabin and Scottish Labour leader Anas [...]
Sadiq Khan refuses to ditch ULEZ expansion plan at London budget meeting February 23, 2023 Sadiq Khan has refused to ditch the expansion of the Ultra Low Emission Zone (ULEZ) today following a marathon five-hour meeting to agree London’s £19bn budget. London assembly members met today to agree the mayor’s plans for running the capital’s finances over the next year – including cash for the Met Police, TfL and firefighters. [...]
Ithaca Energy to test investor appetite with London listing October 19, 2022 Ithaca Energy (Ithaca) has announced plans for a London listing, gauging investor appetite for oil and gas companies.
Smurfit Kappa reaches deal on mega-merger with US rival WestRock in move away from London September 12, 2023 London-listed Smurfit Kappa will form one of the world’s largest packaging companies as it announced a multi-billion tie-up with US rival WestRock. The Ireland-headquartered business said that the merger would create a giant with around 34 billion US dollars (£27 billion) in combined revenue last year. The deal will help Smurfit break into the US [...]