Canada Water: Why British Land have gone into the residential market in southeast London February 27, 2023 Commercial property giant British Land is making its debut into the residential market with the launch of 186 ‘net-zero’ apartments at its new regeneration project at Canada Water. The FTSE 100 company will create 186 studio, one, two and three bedroom homes at new residential site, The Founding, Canada Water, with prices for homes starting [...]
London outperforms UK economy again in sign capital could swerve recession January 16, 2023 London is outperforming the nationwide economy, indicating the capital is on course to avoid what experts think will be a long recession in the UK, a new survey out today shows. An index of business output in London compiled by NatWest jumped to 50.2 last month, up from 48.2, meaning the capital’s economy is growing. [...]
I want to be a part of it: London-broker Marex weighs up New York for potential IPO April 13, 2023 A record set of results for London-based commodities broker Marex has revived the prospect of an initial public offering for the firm - but bosses say they may be eyeing New York as a destination.
Paddington bare: Rail strikes clear London hub as passengers frustrated before derby day chaos May 31, 2023 Rail passengers are suffering fresh travel disruption because of more strikes in long-running disputes over pay, jobs and conditions. Members of the drivers’ union Aslef walked out on Wednesday, meaning several operators such as Avanti West Coast, CrossCountry, Northern and Thameslink are running no trains. The union’s general secretary Mick Whelan said no negotiations aimed [...]
Legal sector talent war drives boom in London office market December 5, 2022 Britain’s top law firms are driving a surge in demand for City office buildings in their efforts to win over talent and meet their ESG goals. Law firms have taken up a record 1.5m square foot of office space in 2022, following a series of big deals involving Britain’s top firms, data from Knight Frank [...]
London’s top indexes fail to recover China Covid lockdown triggered losses April 26, 2022 London’s top indexes failed to recover from Monday’s bruising session as investors were still jittery due to concerns over the severity of the impact on the global economy from China sticking to its zero-Covid tolerance policy. London’s premier FTSE 100 index edged 0.08 per cent higher to 7,286.19 points, while the domestically-focused mid-cap FTSE 250 [...]
FTSE 100 close: London markets rise strongly after June inflation comes in lower than expected July 19, 2023 London markets breathed a sigh of relief on Wednesday after inflation finally came in lower than expected. The bluechip FTSE 100 closed 1.8 per cent higher at 7,588.20 while the midcap FTSE 250 index, which is more aligned with the health of the domestic economy, ended 3.8 per cent higher at 19,322.52. Investors were buoyed [...]
The Elizabeth Line anniversary is a reminder of what London and other cities can achieve with the right kind of investment May 24, 2023 The Elizabeth Line, a clamorous success, was enabled by investment from the national government, but mainly from London's government and businesses. It's a model we should replicate, writes John Dickie
London-listed law firm Knights bolsters business with Meade King acquisition January 16, 2023 Knights today acquired commercial law firm Meade King for £2.1m as the London-listed law firm pushes forwards with plans to bolster its business via mergers and acquisitions. Under the terms of the deal, Knights – one of just six UK listed law firms – will take on 29 of Meade King’s lawyers, including four partners. [...]
In the Square Mile, all the pieces matter to City of London prosperity October 27, 2022 “Earn the commute.” That was the phrase that a host of City hotshots used in a panel discussion earlier this week. It’s a helpful way of understanding the Square Mile’s rebound from the pandemic, and indeed, how it has changed. Today, the City will be at its busiest. Thursday is the new Friday, after all, [...]