UK tech firm numbers double in two years – with London start-up growth lower than nearly all other regions February 22, 2023 The number of newly-created UK tech firms is up by a fifth, with London marginally below the national average. There were 46,474 new tech companies created in Britain in 2022, up from 38,240 in 2021. Based on data from Companies House, the uptick in registrations of new firms is almost double that of 2020, when [...]
New spac to list in London with eye on insurtech market April 6, 2022 A new Spac has announced plans to float on the London Stock Exchange today as it eyes up an acquisition target in the booming insurtech industry.
Off-market property sales account for one in five in London: Is it for you? June 10, 2022 Despite ferocious headwinds, the London property market is fizzing, with estate agents from Wimbledon to Walthamstow seeing homes listed and sold within days. This fierce competition has led to a boom in off-market sales, which hit a new record high this year, according to Hamptons. In the first quarter of 2022 they shot up 23 [...]
London’s FTSE 100 sheds early gains after worrying US inflation numbers September 13, 2022 London’s FTSE 100 shed all its early gains today after a hotter than expected US inflation report sent investors wobbling. The capital’s premier index slumped 1.17 per cent to 7,385.86 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, slid 1.78 per cent to 19,167.21 [...]
We weathered the pandemic, but London must be ready for the trials of the future May 9, 2022 What will the Square Mile look like in five years’ time? Unfortunately, I do not possess a crystal ball but – as I start my term as Policy Chairman at the City of London Corporation – I do know that we are facing a critical inflection point after a period of unprecedented economic turbulence and [...]
Travel mayhem to hit Londoners as another union joins tube strike June 8, 2022 Travel mayhem is expected to hit Londoners as members of the union Unite working for Transport for London (TfL) and London Underground are set to join the strike called by the RMT union for 21 June. The union announced that more than 1,000 of its members will join the 10,000 workers striking over job cuts [...]
FTSE 100 close: London index makes tracks to record high as world elite meet in Davos amid recession fears January 16, 2023 London’s FTSE 100 made more tracks toward its record high today, extending a bullish start to 2023. The capital’s premier index jumped 0.2 per cent to 7,860.08 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, climbed 0.65 per cent to close above the 20,000 [...]
Retailer sell off drags down London indexes April 6, 2022 A retailer sell off caused by concerns over a pull back in spending amid a tight cost of living squeeze led London’s top indexes lower today. The capital’s premier FTSE 100 index dropped 0.34 per cent to 7,587.70 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK [...]
London’s Looop snapped up by SoftBank-backed ed-tech firm for $20m January 11, 2022 London-based corporate learning company Looop has been snapped up by SoftBank-backed education technology firm 360Learning for some $20m. Looop, which works with fintech giants Klarna and Monzo, as well as retail heavyweight Asos, is 360Learning’s first-ever acquisition. “Now as learning and development grapples with the triple hit of remote work, the Great Resignation, and the [...]
Chelsea v Tottenham: London derby offers early clue to capital’s top team August 12, 2022 Tottenham have the chance to justify pre-season talk of eclipsing Chelsea with victory over their manager Antonio Conte’s old team at Stamford Bridge on Sunday, writes Frank Dalleres. It is notoriously futile to the point of being foolish to attempt to divine anything approximating the final Premier League table from the opening skirmishes of the [...]