City political chief hits back at London ‘laundromat’ label April 25, 2022 The City’s political chief has rebuffed claims that London has become a “laundromat” for dirty cash after scrutiny has ramped up in the wake of Russia’s invasion of Ukraine.
UK house prices slow to three-year low as cost of living crisis drags down London and South East property market February 7, 2023 In London, house prices fell from £541k to £530k iin January, with annual house price inflation flat at 0.0 per cent compared to 2.9 per cent in December.
London-listed retailers plummet on expected spending cool down April 24, 2022 An expected slowdown in consumer spending in response to the cost of living crunch hobbling household finances has whacked London-listed retail stocks. The bucket of top retail shares in the City, known as the FTSE 350 retail, has fallen 21 per cent in the year so far, making the sector one of the worst performers [...]
Home-working dampens London firms’ recruitment plans March 22, 2022 A rise in hybrid working is dampening London firms’ recruitment plans, reveals a fresh survey released today. A net 31 per cent of businesses in the capital intend to scale up their workforce, down sharply from 42 per cent, according to a closely watched survey by ManpowerGroup. Greater use of remote working practices and a [...]
London-based FX experts Lumon post annual growth of almost 30 per cent despite volatility October 31, 2022 A year after its rebrand, London-based payments group Lumon posted annual growth of almost 30 per cent, with its corporate division excelling. The company announced its revenue forecast for the year has gone up by 27 per cent from 2021. Its corporate division expanded over the year, up 48 per cent year on year. It [...]
Areas near 2012 London Olympics continue to see economic boost after a decade July 29, 2022 A decade after the London Olympics, areas nearby the event are continuing to feel positive economic impacts. Stratford’s E15 district has seen its economic vitality index score grow by nearly a quarter, according to analysis firm Evaluate Locate, some 15 per cent higher than the average rate seen across the rest of the country. The [...]
Exclusive: Six-in-ten Brits want to level down London April 21, 2022 Almost six-in-ten Brits want to level down London by shuffling jobs and government funding from the capital to the rest of the UK, according to new polling. Polling by BMG Research, and commissioned by City A.M., shows 25 per cent of people strongly support reducing “funding, jobs and opportunities” in London to “increase them in [...]
One in five Londoners look to downsize family home to fund retirement May 24, 2022 Almost one in five Londoners are planning to downsize their home to help fund their retirement, according to a new study, as the cost-of-living vacuum shakes down savings. Homeowners in London lead the way in the plan to swap their family home for a smaller property and stow away the windfall cash for the future, [...]
Flexible the new normal as half of ALL Londoners now hybrid workers with pandemic routine ‘here to stay’ September 26, 2022 More than half of London’s workers are spending at least one day a week at home, according to new government figures shared with City A.M. this week. In a government survey of nearly 2000 firms in the city, 32.2 per cent said their workers were in the office one or two days a week, while [...]
London boost for Lime as Uber includes e-scooters offering April 22, 2022 Lime e-scooters are available to hire via the Uber app, the two companies announced today. The e-scooter offering – available for Londoners and those living in Milton Keynes – follows that of e-bikes, which already already available on the app. Prices will start at £1 to unlock, charing between 15p and 19p per minute to [...]