Another bite out of London: Franco Manca set to go private in bumper deal April 5, 2023 The owner of Franco Manca has been snapped up by a Japanese food franchise company in a £93m deal – the latest in a long line of London-listed firms to be taken private by foreign firms. Fulham Shore, which also owns The Real Greek franchise, announced that it was offloading the business to Toridoll, a [...]
Exclusive: London beats European cities to continental tech crown November 22, 2022 London is the most technologically advanced city in Europe, beating Paris, Frankfurt and Madrid, exclusive research shared with City A.M. unveils. The capital’s capacity for world class innovation drove it to the top of the continental rankings in Z/Yen’s sixth smart cities index. New York topped the global rankings, again. The Square Mile’s banks, brokers [...]
FTSE 100 close: London index extends losses as pound slides and bond yields soar May 25, 2023 London’s FTSE 100 continued yesterday’s wobble today driven by investors fretting over how high the Bank of England will have to send interest rates to tame sticky inflation. The capital’s premier index slipped 0.74 per cent to 7,570.88 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the [...]
Paul Scully launches bid to become London mayor – here’s how he hopes to win May 18, 2023 Conservative MP Paul Scully has pledged to switch off ULEZ cameras in the extended zone on “day one” if elected London mayor, as he launched his bid to be the Conservative candidate. Currently minister for London, Scully, MP for Sutton and Cheam, is pausing his frontbench work while he aims to be selected as the [...]
Size doesn’t matter: Why the ‘race for space’ in London property is over February 17, 2023 The pandemic had some strange effects on the London housing market. Being cooped up made people realise the importance of having space, both indoor and outdoor, which led to the so-called “race for space” and a minor London exodus. More than 100,000 Londoners exited the city in 2021, many taking up homes in the surrounding [...]
M&S slams ‘inaccurate’ report of looming job cuts at London head office April 2, 2023 High street retailer Marks and Spencer has dismissed a report that it will cut hundreds of jobs at its London head office as “simply inaccurate”. According to a report in The Sunday Times, the household name is expected to drastically downsize its head office in the capital as part of a slew of reforms brought [...]
FTSE 100 live: London markets rise after UK GDP contracts by less than expected July 13, 2023 London markets rose this morning, despite housebuilders slumping, after official figures showed that the UK economy contracted by less than expected. The FTSE 100 was trading 0.18 per cent higher at 7,429.68 while the midcap FTSE 250, which is more aligned with the health of the domestic economy, climbed 0.13 per cent to 18,604.03. Sentiment [...]
Watch: Just Stop Oil activist thrown to the ground by angry passer-by near Tower of London May 19, 2023 A Just Stop Oil activist was thrown to the ground by a passer-by during a protest in central London. In a video posted on social media, the man can be seen approaching a group of campaigners as they slow march in front of traffic on Mansell Street, near the Tower of London, on Friday. The [...]
‘I’m a bull on the UK’: Lazard chief backs London despite doom and gloom warnings May 21, 2023 The chief of financial advisory and asset management giant Lazard has said he is a “bull” on the UK despite warnings of the City’s decline on the international stage.
Britain’s economic future depends on a vibrant, modern City of London January 3, 2023 From climate change to the cost-of-living crisis, the City must be a part of Britain’s recovery.