East London construction firm fined over collapsed floor that left builder injured December 22, 2022 The UK’s health and safety regulator has fined a London construction firm £66,667 over its failure to prevent a builder falling through the floor of a half-built building in Croydon. East London construction firm Lusson Ltd pleaded guilty to breaching health and safety regulations after an overloaded floor collapsed at a building site on Croydon’s [...]
Royal London: Insurer’s profits up 58 per cent as asset troubles offset by pensions growth March 8, 2023 Royal London today said it successfully boosted its profits by 58 per cent in 2022 in the face of “difficult market conditions”. The insurer saw its operating profits jump to £210m as the adverse impacts on its asset management arm were offset by strong performances across the rest of its business. Royal London, the UK’s [...]
Home Office reprimanded after sensitive documents left at London venue October 7, 2022 The Information Commissioner’s Office has issued a formal reprimand to the Home Office, after sensitive documents were found at a London venue. The documents, which were handed by venue staff to police in September 2021, included two Extremism Analysis Unit Home Office reports and a Counter Terrorism Policing report. The Extremism Analysis Unit analyses ideologies [...]
Global travel and weak pound fuels London prime property recovery amid fears of Labour stamp duty plans May 30, 2023 The return to global travel and the weak pound helped the fuel recovery of London’s prime property market in the first third of 2023. Data by estate agents Knight Frank, shows that sales on luxury pads above the five million pound price point are up 40 per cent compared to the same period last year [...]
Letters: London, get creative March 30, 2022 [Re: Post-Brexit City exodus fails to materialise as London lifts hiring, yesterday] Despite much doom-mongering, it appears London has retained its crown as a global employment hub for now. However, the City should not rest on its laurels. There is a unique tension rumbling in the recruitment market which threatens to disrupt London’s “recruitment bounce”. [...]
FTSE 100 close: Bleak IMF UK recession warning knocks pound and London index January 31, 2023 London’s FTSE 100 dipped and the pound stumbled today, both driven lower by the International Monetary Fund (IMF) warning the UK is on course to be the only major economy to contract this year. The capital’s premier index fell 0.17 per cent to 7,771.69 points, while the domestically-focused mid-cap FTSE 250 index, which is more [...]
WANdisco in ‘early stages’ of US listing as another city firm rejects London for a New York flotation March 6, 2023 Data giant WANdisco has confirmed that it is in the “early stages” of preparing to list its shares in the US, however has reaffirmed its commitment to London’s investment market. The £1bn software group was responding to rumours that the group was preparing to list its shares in the US amid an ongoing debate about [...]
Watch out Apple: London’s smartphone maker Nothing reveals fresh model following £166m Alphabet funding June 15, 2022 London tech start-up Nothing unveiled the design of its debut smartphone this morning after securing more than $200m (£166m) in funding from the likes of Alphabet’s venture capital arm EQT Ventures.
Second strike: Nurses walk out again as five key London hospitals decimated December 20, 2022 Nurses in Britain will go on their second day of industrial action in the space of a week with five London hospitals to be the centre of the strikes. The hospitals to be affected include Great Ormond Street Children’s Hospital, Guys and St. Thomas’ and Imperial College Healthcare, Royal Marsden and NHS North Central London. [...]
GPE snaps up London’s Fashion Retail Academy building for over £36m March 30, 2022 GPE, formerly known as Great Portland Estates, has snapped up the government and Philip Green-backed Fashion Retail Academy building for £36.5m. While the property development and investment firm has bought the building, in the heart of Fitzrovia, it will remain home to the fashion school until it relocates to a larger building. The building, a [...]