London leads the way: SME confidence rebounds to nine month high after 50,000 firms folded last year February 21, 2023 Confidence among small and medium-sized businesses (SMEs) continues to grow across the UK, with London leading the way, new data out today showed. 60 per cent of respondents in the capital expect their revenue to grow this quarter while they intend to make 12 new hires this quarter, according to Barclays SME Barometer. London is [...]
House prices shoot up 12.6 per cent but London has lowest growth across UK December 14, 2022 The price of a property in the UK has shot up by 12.6 per cent over the last year with the average now sitting at just below £300,000. The latest House Price Index figures from the Office for National Statistics show the monthly increase was minimal however, at just 0.3 per cent. London however had [...]
Here we go again: Capital grinds to a halt as tube strike hits millions of Londoners TODAY November 10, 2022 Another tube strike by transport workers today will mean very limited services on most lines, with millions of Londoners to be hit by travel chaos. Passengers are urged to check before travelling today and tomorrow morning, when services are also expected to be affected by the strike. Members of the Rail, Maritime and Transport union [...]
FTSE 100 close: London index slides into red despite Rolls-Royce scaling more than 20 per cent February 23, 2023 London’s FTSE 100 fell further away from the 8,000 point mark again today despite investors pouring into aerospace giant Rolls-Royce. The premier index shed 0.29 per cent to close at 7,907.71 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, jumped 0.59 per cent to [...]
London firms dominate index for thriving post-pandemic growth May 29, 2022 Seven of the top ten fastest-growing British firms are based in London, according to the Growth Index.
We need to encourage home ownership, but Londoners can barely afford to rent August 2, 2022 IT COMES down to simple supply and demand economics. When a good or service becomes scarce and demand is in the ascendency, the price will go up. Tenants in the London rental market have found this out the hard way. It has been exacerbated by the pandemic, which held city rents lower than they should have [...]
London City Airport to reach 3 million passenger mark as numbers soar August 3, 2022 London City is on track to reach the 3 million passenger mark at the end of the year as numbers continue to soar. The Newham airport announced today that 640,000 passengers travelled through its gates in June and July while August forecasts expect another 300,000. “We have made a conscious effort with our airlines to [...]
London City launches 10-week consultation to increase passenger capacity June 30, 2022 London City airport launched today a 10-week consultation over its existing planning permission to increase passenger capacity to 9 million by 2031. Following the end of travel restrictions, the east London hub has forecast that 3 million passengers will pass through its gates this year, with numbers set to increase to pre-pandemic levels – 5 [...]
Squire Patton Boggs bolsters London bankruptcy practice in preparation for worsening economic climate September 7, 2022 US law firm Squire Patton Boggs has bolstered its London bankruptcy team in anticipation of worsening economic conditions. The law firm said it had poached five restructuring and insolvency lawyers from rival Brown Rudnick, including Charlotte Møller, the head of the firm’s EU bankruptcy practice. The hires come as Squire Patton Boggs said it anticipates [...]
It’s beginning to look a lot like chaos: Rail strikes hit London as businesses shed Christmas bookings December 14, 2022 Parts of London resembled a ghost town yesterday as rail workers kicked off the first of several days of strikes. Bars in the capital warned they are haemorrhaging tens of thousands of pounds in lost bookings due to mass walkouts deterring commuters, raising the threat of businesses missing out on their third ever-critical golden quarter [...]