FTSE 100 close: Inflation shock tames London index as investors brace for Fed decision March 22, 2023 London’s FTSE 100 nipped higher today despite investors betting the Bank of England will be forced to keep raising interest rates to tame higher than feared inflation. The capital’s premier index closed up 0.41 per cent at 7,566.84 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the [...]
New chancellor, same story: London is always left out of Whitehall’s plan for growth March 16, 2023 London won’t always keep growing if it is continually ignored by government. What will the Chancellor have to say then?
Landsec books nearly £200m loss as it shrinks presence in London November 15, 2022 British property investment trust Land Securities, known as Landsec, has booked a nearly £200m loss over the past six months as interest rates sting. It follows a £275m profit in the same period last year, as the company retreats out of London. Landsec, one of the largest office leasers in London, has cut the capital’s [...]
FTSE 100 close: London index slips ahead of Bank of England interest rate decision as Next jumps June 19, 2023 London’s FTSE 100 slipped today ahead of a huge week for the UK economy, pushed lower by a resurgent pound knocking sentiment toward Britain’s biggest companies. The capital’s premier index fell 0.71 per cent to 7,588.49 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, [...]
Private investors gear up for £2.4bn London office spending spree February 2, 2023 Private investors and ultra-high net worth individuals are expected to snap up London office assets worth £2.4bn this year, a figure which has jumped by 60 per cent in the past 12 months. According to research published by real estate agency Knight Frank, the cash rich investment group is expected to be in a strong [...]
London, Dubai and New York top rankings as most crypto ready cities in the world February 1, 2023 London has been named as the world's leading crypto hub in a detailed report researching the most cryptocurrency-ready cities.
London toasts Europe’s top talent at ‘Oscars of Tech’ October 7, 2022 Europe’s leading investors and technology entrepreneurs gathered in London’s Hilton Park Lane last night, Thursday 6 October in celebration of the 20th annual GP Bullhound Investor Allstars. Dubbed the ‘Oscars of the tech world’, Investor Allstars is one of the leading events celebrating the very best of Europe’s vibrant tech industry, shining a light on [...]
TfL extends London’s e-scooter trial until November to continue testing the vehicles May 19, 2022 Transport for London (TfL) has announced it will extend its e-scooter trial from 6 June until 20 November. The project, which started in June 2021, was expanded under Department for Transport (DfT) guidance to gather data on usage as well as safety. “We are delighted to be extending our successful London e-scooter pilot in collaboration [...]
Wealthy buyers turn to cheaper London homes as sterling shrinks October 4, 2022 Buyers are seemingly turning to cheaper London homes amid a shrinking pound, despite a “rejuvenated level of foreign interest”. Demand for London homes worth more than £10m has fallen consistently in the first half of the year, while London’s prime market, of homes valued between £2m and £10m, has enjoyed an uptick. According to research [...]
London workers are £50,000 worse since 2010 due to wage stagnation, Sadiq Khan report claims June 9, 2023 Workers in London are £50,000 worse off since 2010 due to “scandalous” poor wage growth over the past decade, according to a new report. An analysis from London Mayor Sadiq Khan suggested that workers in the capital have lost thousands of pounds every year as their salaries have failed to keep pace with inflation. In [...]