It’s a great time to be alive in the London tech scene for new early-stage start-ups June 8, 2023 The picture for tech this year is mixed: established start-ups might struggle a bit, while early-stage start-ups have the potential to shine - especially those operating in London, writes Kevin Chong
FTSE 100 close: London markets finish higher but investors cautious before BoE rate hike July 31, 2023 London’s FTSE 100 closed slightly higher this afternoon, after a tempered start to a week in which the Bank of England is expected to hike interest rates to their highest level since 2008. The capital’s premier index kicked off down 0.26 per cent, before bouncing back by close to 0.17 per cent on stronger than [...]
London financial firm Ebury in FCA-mandated regulatory probe November 3, 2022 A celebrated London fintech has been forced to open itself up to an investigation into its anti money-laundering controls, City A.M. understands. Victoria-HQed Ebury, which is majority owned by Santander and was valued at around £600m at the time the Spanish giant bought in, is the subject of a ‘Section 166’ order by the Financial [...]
London hydrogen fund looks Stateside as UK falls behind on green subsidies January 26, 2023 A London-listed green hydrogen investor will pivot towards opportunities in the US to make the most of new subsidies.
London rent averages over £900 a month as desperate renters battle over fewer properties April 19, 2023 Private renters in London are faced with the highest costs since 2012 as a sparse and competitive market send the cost of homes in the capital to new highs. Landlords in the capital increased rent by 4.8 per cent in the 12 months to March 2023, up from an increase of 4.6 per cent in [...]
Almost all London councils set to raise taxes as funding situation becomes ‘unsustainable’ March 7, 2023 More than half of local councils in England are set to make cuts to services while raising council tax by the highest possible amount amid an “unsustainable” funding system. A fifth of London councils say budget cuts will be evident to the public and almost 95 per cent will raise residents’ council tax bills, the [...]
Weekend exclusive: Kill off the CV to safeguard London’s workforce, argues recruitment guru May 22, 2022 Despite the Levelling Up agenda from the government, London remains the economic hub of the country. Home to the UK’s finance, legal, technology, and creative industries to name a few, it is the barometer for the activity, attitudes, and aspirations for UK plc. While City A.M. reported extensively on the risk of finance jobs leaving the City [...]
London Euston and Paddington deserted as 12,000 strike on FA Cup Final and Epsom Derby day June 3, 2023 Two of the busiest train stations in London were almost empty on Saturday morning as train strikes continue into their second day. Around 12,000 members of the drivers’ union Aslef and the Rail, Maritime and Train (RMT) union are on strike over pay and working conditions, affecting 15 train companies. Platforms at Euston Station in [...]
‘Working’ from home: Laundry, sex and side hustles distract hybrid Londoners from the day job June 6, 2023 One in six Londoners have admitted to having sex whilst they should be working, fresh research shows, as employers across the capital look to stiffen up on hybrid working rules. The data, which was published by LifeSearch, shows that more widely across the UK 1.6 million workers have admitted to getting ‘between the sheets’ between [...]
London gold market sued over ethical labelling for Tanzanian mine December 13, 2022 THE WORLD’S biggest bullion market is facing a High Court lawsuit over claims it wrongly certified gold from a Tanzanian mine as being responsibly sourced despite being at the centre of multiple allegations of human rights abuse. The London Bullion Market Association (LMBA) is being sued for an undisclosed sum by the families of two men [...]