Exclusive: Northzone partner says London is still top of investor wishlist September 23, 2022 London is still at the top of European investors’ wishlists according to global tech VC investor Northzone. Having recently raised €1bn in its largest funding round to date, Northzone partner Kilian Pender reckons businesses are still betting big on the City. “While it’s hard to tell what impact economic downturns are going to have on the [...]
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 [...]
Koinly lays off staff and prepares to close London office as ‘crypto winter’ bites December 7, 2022 Bosses at crypto tax reporting platform Koinly say they are already letting staff go and will be shutting down the London office in the new year.
London breezes past European rivals to retain finance hub crown September 22, 2022 London has breezed past its Continental rivals to retain the title of Europe’s top financial hub, research shared exclusively with City A.M. today shows. The capital’s deep highly-skilled talent pool helped drive it to the top of the European rankings in the 32nd edition of Z/Yen’s global financial centres index (GFCI). The Square Mile has [...]
Over 2,000 London bus drivers to strike on 4 October September 21, 2022 More than 2,000 London bus drivers are set to strike on 4 October in a dispute over pay, the union Unite announced on Wednesday. Running continuously until workers receive a pay rise in line with the retail price index, Unite said, the strike will affect eight depots across North London – including Tottenham and Wood [...]
Watches of Switzerland to open new flagship London Rolex store August 16, 2022 Watches of Switzerland today set out plans to open a new 7,200 square foot flagship Rolex shop in Mayfair after posting strong results for the first half of 2022. The watch seller will relocate its Rolex Boutique from its current 900 square foot premises on Bond Street to new much larger premises down the [...]
Superloop or ‘Superflop’? Khan unveils £6m bus network connecting outer London ahead of ULEZ expansion March 28, 2023 Sadiq Khan has unveiled plans for a new “Superloop” orbital bus network linking services around outer London. Express bus routes on the network will have limited stops, faster journey times and connect outer London, City Hall says. The mayor of London is funding £6m towards the scheme, but TfL says it will cost much more. [...]
BlackRock comes under fire from London investor over ESG ‘hypocrisy’ December 7, 2022 London-based activist investor Bluebell Capital has set its sights on the world’s biggest asset manager BlackRock, calling for chief Larry Fink to be ousted over “hypocrisy” on environmental, social and governance issues.
FTSE 100 close: HSBC and Lloyds lead gains on London index as Turkish lira slides after inconclusive election May 15, 2023 London’s FTSE 100 kicked off a new week in decent style today, led higher by Britain’s largest banks clocking strong gains. The capital’s premier index advanced 0.30 per cent to 7,777.69 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, climbed 0.37 per cent to [...]
CVC mulling Amsterdam listing as London’s hopes for rare private equity IPO dashed March 19, 2022 Private equity veteran CVC Capital Partners is eyeing a listing on Amsterdam’s Euronext, in a blow for the City, it has been reported. According to the Financial Times newspaper, CVC informed investors of its intentions, although no final decisions have been made just yet. London has been hopeful of a rare private equity listing but [...]