London markets follow Wall Street lower as rate hike jitters ramp up June 29, 2022 London markets followed their Wall Street counterparts lower today as investors fretted over the pace of rate hikes by central banks to tame inflation. The capital’s premier FTSE 100 index dropped 0.44 per cent to 7,291.48 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, [...]
Lloyd’s of London boss hospitalised and CFO temporarily takes the helm March 28, 2022 Lloyd’s of London boss John Neal has been hospitalised following a bike accident over the weekend. Neal is expected to make a full recovery, Lloyd’s said in a statement today, after the accident which occurred on Saturday. The commercial insurance market will be helmed by chief operating officer and chief financial officer Burkhard Keese and [...]
Sanctions are having ‘profound’ impact on London insurers, expert tells MPs April 26, 2022 The sanctions imposed on Russia are having a “profound” impact on London’s insurance sector, a leading insurance expert has told MPs. London insurers are struggling to keep on top of complex sanctions legislation and have resorted to taking an extremely cautious approach, the insurance chief said. “The volume of the legislation that’s been coming [...]
To understand what London needs, we should look at the history of spatial poverty May 27, 2022 In the “Republic”, Plato wrote that “any city, however small, is in fact divided into two, one the city of the poor, the other of the rich”. This still rings painfully true today, especially if the city in question is London. The capital is a uniquely unequal place: it hosts some incredibly wealthy people, as [...]
Haringey in shock as young Londoner is shot outside packed Wood Green station in broad daylight July 25, 2022 There is widespread shock and disbelief in North London this morning as a young Londoner, believed to be in his 20s, was shot just outside Wood Green station. The incident happened around 9.28pm, when it was still light and the station was full of evening travellers and commuters. Emergency services were reportedly called to Wood [...]
Dan Norton: London 7s, bursting onto the scene and longevity in sport May 26, 2022 The two-day fun-fueled party that is the rugby sevens returns to the capital this weekend as England, Fiji, New Zealand and others look to go head-to-head to win on the prestigious London leg of the circuit. Argentina top the table coming into the event – which will be held at England’s Twickenham Stadium – but [...]
Windfall tax u-turn drags down London-listed energy titans May 27, 2022 London-listed energy companies that will be caught by Chancellor Rishi Sunak’s windfall tax tumbled during opening exchanges today. The capital’s premier FTSE 100 index was flat this morning at 7,564.82 points, while the mid-cap domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, jumped 0.52 per cent to 20,354.82 [...]
Hard-line immigration policy will ‘stifle’ growth in the capital, London firms warn Truss and Sunak July 24, 2022 A hard-line immigration policy risks tightening the labour market further and choking off economic growth in the capital, a top London business body has warned Tory leadership contenders.
London should have devolved powers to build infrastructure, says think tank May 25, 2022 London should have more freedom over how it raises and spends its money in order to deliver more world-class infrastructure, reckons the capital’s leading think-tank. Nick Bowes, chief executive at think tank Centre for London, believes the capital should have similar powers to global cities such as Paris, New York or Berlin. “It’s not obvious [...]
Homebuyers flood back to London amid return to office February 21, 2022 Movers are flocking back to London as the spectre of the Covid-19 crisis over the capital’s housing market fades away, reveals fresh figures published today. The scrapping of restrictions on daily life to curb infections and the return to the office is driving homebuyers to put London back at the top of their desired locations. [...]