London Underground passenger levels now 80 per cent of pre-pandemic November 4, 2022 Use of the London Underground is at its highest level since the onset of the pandemic, at 80 per cent of 2019 figures. More than 3.3m journeys were made on Wednesday compared to 4.18m at the same point three years ago before coronavirus slowed down the global, UK and London economy. In the early stages [...]
Heatwave: Firefighters tackling two blazes in south London July 19, 2022 Parts of south London were engulfed with flames on the hottest day ever recorded, with firefighters tackling two blazes simultaneously. Emergency services attended to two grass fires in Croydon as the heatwave continues. Four fire engines and 25 staff responded to the emergency in the woodlands on Oaks Road in Croydon just after midday. Another [...]
Severe disruption on entire TfL tube network as flooding hits London November 3, 2022 Flooding in west London, after a night of heavy downpours, is causing severe delays on London’s tube system and has led to the closure of multiple roads, Transport for London (TfL) has warned. Signal failures, caused by flooding in Richmond and Acton Town, have created severe delays on the District, Piccadilly, and London Overground, TFL [...]
Airports slammed by regulator for being ‘unacceptable’ for disabled travellers – and London Luton is the worst offender December 13, 2022 Airports in the UK are no where near accessible enough for disabled people and passengers with reduced mobility, according to the aviation watchdog. The Civil Aviation Authority (CAA) said that despite signs of improvements in recent months, a number of airports in the country have been providing travellers with “unacceptable” levels of service. London Luton [...]
Duolingo chief backs London tech scene and World Cup language boom November 7, 2022 The man behind Duolingo says he backs London as a thriving tech hub, despite concerns about digital talent gaps. Speaking with City A.M., chief executive Luis von Ahn praised the UK’s artificial intelligence capabilities, as well as its “really good universities,” explaining that the US firm was looking to grow its four-person team in the [...]
Tumbling pound puts London firms at risk of foreign takeover frenzy September 29, 2022 A sharp fall in the value of the pound could put London-listed firms at further risk of foreign takeovers after a spate of acquisitions this year, experts have warned today.
Former London Capital & Finance CEO sentenced after splashing hidden funds on pricey Italian getaway and hot tub May 17, 2023 The former CEO of now collapsed London Capital & Finance was handed a suspended sentence today after he was found to have breached an asset freezing order, splashing hidden funds on a holiday, hotel stay and a hot tub. The Serious Fraud Office froze Michael Thomson’s assets as part of its ongoing investigation into suspected [...]
Plane not train: Cornwall set for further tourist spike as Ryanair launches London-Newquay route January 17, 2023 Newquay residents are set to complain even further about the hordes of Londoners descending into Cornwall after Ryanair announced new services from London Stansted to Newquay. The low-cost carrier said today it will operate three weekly flights to Cornwall as part of its ramped up summer schedule, which also includes additional services to Spain and [...]
We can’t allow New York or Paris to further chip away at London’s competitive edge April 3, 2023 Competitors, such as New York, are continuing to make great strides in areas such as tech investment - one of London's key strenghts.
FTSE 100 close: Shell and BP lift London higher as OPEC production cut boosts oil giants April 3, 2023 London’s FTSE 100 was dragged up by its oil giants at the beginning of the week, as OPEC’s cut to production saw BP and Shell climb. The capital’s premier index closed up 0.54 per cent at 7,673.00 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK [...]