London City Airport reports fourth consecutive busiest week March 21, 2022 Passenger numbers continue to grow at London City airport, as the hub reported today its fourth consecutive week of growth since the pandemic’s start. Following the end of all UK travel restrictions, passenger numbers have gone up 40 per cent on February’s levels, while business travel has reached 2019 figures – representing a 46 per [...]
Hybrid capital: London takes world’s number 1 spot as global hub for remote workers July 23, 2022 London is the top city in the world for global, remote workers, followed by Toronto and Buenos Aires. The UK is home to the most organisations hiring global, remote working in the EMEA region, followed by Germany and France, respectively. The first half of this year saw a 154 per cent increase in UK employers [...]
Industrial giants tumble in London as commodities boom runs out of steam April 21, 2022 Sharp falls among industrial giants led to a mixed day for London’s top indexes today. The capital’s premier FTSE 100 index edged 0.02 per cent lower to 7,627.95 points, while the mid-cap domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, jumped 0.36 per cent to 21,159.68 points. Growing [...]
Man charged with murder of London university student Sabita Thanwani March 22, 2022 A 22-year-old man has been charged with the murder of student Sabita Thanwani, who was found at City University accommodation in Clerkenwell on Saturday, the Metropolitan police have confirmed today. Maher Maaroufe is due to appear in Highbury Corner Magistrates’ Court this morning. Thanwani, 19, was found with “serious neck injuries” early Saturday morning at [...]
London’s hospitality sector to lose £2.3bn as commuter numbers lag October 25, 2021 The slower return of commuters aboard trains could cost London’s hospitality sector £2.3bn, warned membership body Rail Delivery Group. Data from the group revealed that commuters into London are slower when it comes to getting back to the office, as on 41 per cent of pre-pandemic train commuters have returned, compared with 54 per cent [...]
London commuters battle over rising property prices along Elizabeth Line May 20, 2022 The newly unveiled Elizabeth Line has left commuters wrestling over rising prices in London’s suburbs, with the cost of a home in local areas more than doubling over the past 10-years. The Crossrail, one of Europe’s largest infrastructure schemes and four years overdue, will open to the public on Tuesday. Despite he delays, the number [...]
Shares in London-listed mining firms tumble amid production shortfalls April 21, 2022 Spiralling costs, supply chain woes, and rampant inflation have piled on the misery for London-listed mining firms.
London’s Signal AI raises $50m to hire UK talent and ramp up international expansion December 15, 2021 Signal AI, a British startup that is trying to solve the “information overload” faced by business decision makers with its artificial intelligence and machine learning technology, has today closed a $50m Series D funding round. Its latest round was led by growth-stage investors Highland Europe, who have previously backed ContentSquare and Matches Fashion, and brings [...]
Saturday Special: Why the London Stock Exchange and Euronext are moving their datacentres around May 21, 2022 Datacentre exchange colocation is on the mind of many key players in the City and beyond at the moment. The idea appeals to a wide group of capital markets participants, and for various reasons. For example, with Euronext migrating from Basildon in Essex to the Aruba Global datacentre IT3 in Bergamo this year and the London Stock Exchange Group [...]
London rents ended year 11 per cent higher than start of 2022 amid ‘imbalance’ between supply and demand in crowded capital January 17, 2023 Rents at the top end of the London market ended 2022 10.9 per cent higher than when the year started, according to an estate and lettings agent. Demand from tenants is continuing to significantly outweigh supply, Savills said. Jessica Tomlinson, research analyst at Savills, said: “The ongoing imbalance between demand and supply is expected to [...]