The Yanks are coming: Weak sterling sees Americans pile into London property January 3, 2023 The fall in the value of the pound in 2022 saw a host of wealthy American buyers pick up high-end London property on the cheap, according to a new report. In so-called ‘prime central London,’ some 50 per cent of property transactions over £15m completed in 2022 involved American buyers according to analysis by real [...]
London businesses gather to celebrate six months of Elizabeth line November 21, 2022 London businesses have gathered to celebrate the Elizabeth line’s impact on the capital almost six months after its opening. Data published by Transport for London (TfL) showed that almost 70 million trips have been made on the line since 24 May. “In just six short months we’ve seen more than 60 million journeys along the [...]
London Metal Exchange chair quits in wake of nickel trading fiasco January 5, 2023 The chair of the London Metal Exchange announced she would quit her role today after a turbulent tenure mired by a nickel trading scandal that saw the bourse shuttered and billions of dollars of trades cancelled.
From a £600m profit to a £1bn loss: The investors who made the most from London-listed firms this year December 31, 2023 The co-founder of fintech Wise has emerged as the top gainer in London's public markets this year, with an average daily gain of over £1.6m.
London listed Hydrogen One shows signs of recovery from tanking share price April 4, 2023 A London-listed hydrogen fund has seen its share price show signs of recovery after posting a bullish set of full year results.
Chinese New Year in London: What does the Year of the Rabbit mean? January 5, 2023 This month will see the start of the Chinese New Year, with the Year of the Tiger ticking over to the Year of the Rabbit. The main celebrations will take place on 22 January, although the build-up officially began on 30 December, day eight of the last month of the lunar calendar, with the Laba [...]
London to face second-lowest rise in council tax among UK regions February 14, 2023 Cash-strapped Londoners are set for a slight boost as it emerged that the region is set to raise average council tax rates by the second-lowest amount in the UK. Of the councils who have declared their municipal tariffs for 2022-23, London boroughs collectively came in second from the bottom of the pile, at a 4.4 [...]
London gets new West End flexible work space as Elizabeth Line brings in hybrid commuters July 4, 2023 A new 45,000 sq ft site flexible work space will open in the heart of the West End in a signal that London’s hybrid work trend is showing no signs of cooling. Runway East, (RWE) already has five spaces across London, including sites in Borough Market and Shoreditch – and will open a new one [...]
FTSE 100 today: London markets poised for green start as Israel-Iran tensions ease; focus turns to ‘Magnificent Seven’ earnings April 22, 2024 Global markets saw a significant turnaround, with Asian stocks rebounding strongly while oil and gold prices dipped. Bitcoin, on the other hand, surged by 3 per cent. Investors are eagerly awaiting earnings reports from the "Magnificent Seven" companies and aviation giants Boeing and Airbus, making this a pivotal week.
City of London chiefs: We’ve lost our undisputed global finance crown March 30, 2023 THE CITY OF LONDON CORPORATION’s annual report into global financial centres has for the first time put New York joint-top alongside the capital – with a warning that the Square Mile’s competitive advantage is “at risk.” According to the updating ranking compiled by the body which governs the City, London – which had come top [...]