Borrowers warned of rise in ‘advance fees’ scams with over £700 lost on average and Londoners more likely to fall victim – Lloyds Bank January 24, 2023 The rising cost of living has lead to 82 per cent increase in financial scams that target victims by charging fees for products and services that do not materialise, according to Lloyds bank. Victims lost £711 on average, and although the amount lost is lower than £1,194 recorded the previous year, the bank said fraudsters [...]
Lime expects boost in users as next week’s strikes bring London to a halt June 16, 2022 E-scooter giant Lime said today that it is expecting a surge in demand next week as rail and tube workers are set to go on strike and bring London’s transport network to a standstill. “The last time there was a tube strike in London, we saw trips on that day increase by more than 95 [...]
VAT free shopping U-turn ‘major blow’ for West End as tourists shun London for Paris and Milan October 17, 2022 Scrapping VAT free shopping for tourists is a “major blow” for London and the country’s economy, a group representing luxury stores in the West End and other retail hotspots has said. Paul Barnes, chief executive of the Association of International Retail (AIR) – whose members range from Bicester Village to Heathrow Airport – told CityA.M. the [...]
Automation and decarbonisation could further deepen poverty in London March 14, 2022 Increasing automation and a move to a greener economy could further deepen inequality in the capital post-pandemic. The gap between’s London’s poorest and richest widened during coronavirus, with people claiming unemployment benefit substantially above the national average. As companies seek to recoup lost profits from the pandemic, many are turning to automation of roles, thanks [...]
Derwent London sells £85m office block to fund eco-buildings in the capital July 18, 2022 Derwent London has sold off a Westminster office building for £85m, as the developer looks to pump capital into its carbon neutral projects, as the capital braces for a heatwave. The windfall from the sale has crystallised the company’s profits early, the company’s boss said today. The south west wing of Bush House, some 103,700 [...]
Easing China economy slowdown fears sends miners to top of London’s FTSE 100 August 16, 2022 Easing fears over a slowdown in the Chinese economy boosted London’s premier FTSE 100 index today. The FTSE 100 jumped 0.36 per cent to 7,536.06 points, while the mid-cap domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, fell 0.23 per cent to 20,336.41 points. Figures published earlier this [...]
We need more new towns like Brent Cross – but we need them in the right places September 25, 2024 Brent Cross is London's newest park town. Its proximity to London has been crucial to making it a success, writes Tom Goodall
London-listed medicinal cannabis company looks to treat brain tumours with CBD June 16, 2022 Medicinal cannabis company MGC Pharmaceuticals has successfully completed a pre-clinical trial in using cannabinoids to treat a type of brain tumour. The London-listed firm said the three-year in-vitro trial into the treatment of Glioblastoma, a fast-growing and aggressive form of brain tumour, delivered “outstanding results”. The study, which used 30 biopsy samples from 18 patients, [...]
Sadiq Khan: London funeral procession viewing areas now full as Queen Elizabeth laid to rest September 19, 2022 All public viewing areas for the funeral procession of Queen Elizabeth II are now full, City Hall has declared. There will be no entry to new arrivals hoping to catch a glimpse of the procession in the areas around Buckingham Palace, Westminster, St James’s Park and Green Park. Crowds have descended on the capital before [...]
London outpaces UK growth in May but signs of hard times begin to emerge June 13, 2022 LONDON’S businesses outperformed the rest of the UK in May but there are signs staff shortages and inflation are starting to bite, according to a closely-watched business activity index. Natwest’s monthly tracker of both manufacturing and services suggests London’s businesses continued to expand last month but at the slowest rate since the ‘pingdemic’ last year. [...]