Proposed bus cuts will lead to personal security concerns for women, minorities and disabled Londoners August 9, 2022 The bus cuts proposed by Transport for London (TfL) will lead to personal security concerns for Londoners – especially for women, people of colour and disabled people. According to watchdog London TravelWatch, the planned cuts will force one in five Londoners to change buses in the middle of the night, moving to an altogether different [...]
US inflation under shoot boosts London’s FTSE 100 and Wall Street August 10, 2022 City traders today were boosted by signs of inflation cooling in the world’s biggest economy sparking a rally on Wall Street. London’s premier FTSE 100 index climbed 0.25 per cent to 7,507.11 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, surged nearly two per [...]
Chancerygate to plot £32m new industrial site near London June 6, 2022 One of the UK’s largest industrial developers Chancerygate has lined up a string of sites in Leatherhead for a £32m development, as the logistics sector looks set to become the country’s largest employer. A raft of property firms, including British Land, LondonMetric and BMO Commercial Property Trust have turned their focus to logistics real estate [...]
City pay war continues as top US law firm hikes London lawyers salaries to £170,000 November 14, 2022 New York City law firm Simpson Thacher has hiked salaries for its newly qualified (NQ) lawyers to heights of £170,000 a year in a sign the City pay war is showing no signs of slowing down. The white shoe law firm has given NQ lawyers in its London offices a £12,000 a year pay [...]
RMT strikes again: London transport faces ‘severe disruption’ tomorrow June 5, 2022 Transport for London (TfL) has warned of “severe disruption” beginning tomorrow, as 4,000 Tube staff walk out and commercial leaders warn of “damaging” impacts to London’s recovery. Tube services are expected to be crippled well into Tuesday morning, TfL has cautioned, amid planned industrial action from the Rail, Maritime and Transport union (RMT). Many stations [...]
Canadian investment group bets on London for sparkly European HQ May 5, 2022 Canadian investment group CDPQ has bet on London for its European headquarters, in a decade-long vote of confidence in the capital. CDPQ, also known as Caisse de dépôt et placement du Québec, passed up on a Parisian HQ – unlike those at crypto platform Binance. The glittering lights of Carnaby and Soho have caught the [...]
London’s FTSE 100 dragged down by industrial giants as pound weakens against US dollar October 10, 2022 London’s FTSE 100 dipped today driven lower by investors ditching industrial giants on concerns over a slowdown in commodity demand amid a global economic slowdown. The capital’s premier index dropped 0.45 per cent to close below the 7,000 mark, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the [...]
Derwent London throws £240m at Moorfields healthcare site May 5, 2022 Derwent London has thrown nearly £240m towards buying a hospital and research centre site, as the capital’s healthcare and pharmaceutical real estate space catches the eyes of investors. The commercial developer has bought the City Road Island site, the location of the Moorfields Eye Hospital and the UCL Institute of Ophthalmology, after the pandemic highlighted [...]
Kentucky fried beer: KFC to open London pub for one week only as Qatar World Cup lands November 11, 2022 KFC Delivery has answered the prayers of many football (and fried chicken) fans as it will open its first ever pub, the Colonel’s Arms, in London for one week later this month. The pop-up pub – located on Fulham Palace Road, Hammesmith – will remain open for one week only, from 25 November to 1 [...]
London IPO activity plunges as market volatility puts a stop to listings boom July 7, 2022 The amount of cash raised via initial public offerings in London plunged in the first half of the year as firms pull back from the public markets amid extreme volatility and historic levels of inflation, new data has revealed.