London’s Storfund lands £300m mega-deal for ecommerce marketplace financing October 27, 2021 UK fintech Storfund, which optimises the cash cycle for merchants selling on ecommerce marketplaces, has struck a £300m debt funding deal with Fasanara Capital. It’s the latest in a string of investments by Fasanara into e-commerce lending platforms, and marks a significant step up from Storfund’s last £26.5m funding round in February, led by Union Bancaire [...]
London-based crypto firm Blockchain.com plots US IPO April 19, 2022 Crypto platform Blockchain.com is understood to be interviewing banks ahead of a possible initial public offering in the US.
Capital flight: 3m flew from London City Airport in 2022 in bid to avoid travel chaos at Heathrow, Gatwick, Luton and Stansted January 13, 2023 London City Airport has delivered its year-end goal of 3 million travellers after banking on the disruption that plagued its rivals over the past summer. The Newham hub announced today passenger levels were up 318 per cent on last year’s levels, but nevertheless trailed behind 2019’s 5.1 million visitors. The airport capitalised on rivals’ delays [...]
London rents hit eyewatering average of £2,675 as homeownership falls further out of reach July 18, 2022 Rents in London have grown faster than anywhere else in the country for the second month running, with the average hitting £2,675. Londoners were found in February to already be dishing out more than 70 per cent of their monthly paycheck on their rent by city estate agent Benham and Reeves. Though the figure has [...]
Travelodge opens budget luxe London Docklands hotel as it eyes up hundreds of new sites in the city August 15, 2022 Travelodge has opened its first new-build budget luxe hotel in London Docklands, marking a vote of confidence in the capital as a tourist hub. The London Docklands Travelodge, which is located by East India DLR station, was officially opened by Travelodge chief Jo Boydell and UKHospitality chief Kate Nicholls. At the opening, the hotel giant [...]
Insulate Britain restarts sit-downs on London’s roads for beginning of half term October 25, 2021 Insulate Britain are pinned to the roads once again, in time for the start of the week-long half-term today, following a brief hiatus. The controversial environmental group, which seeks to properly insulate the UK’s homes in a bid to reduce CO2 emissions, began their sit-down at rush hour this morning, targeting roads in central London. [...]
Austin-Healey is back: Caton roadster to debut at Salon Prive London April 19, 2022 The Healey by Caton is limited to just 25 examples, and will be on show at Salon Prive London later this week.
Chaos in south-west London as multiple streets are flooded while 70 firefighters rush to Kingston July 18, 2022 Several streets in south-west London have flooded following a burst water main. Around 70 firefighters and 10 fire engines responded to the scene on Galsworthy Road in Kingston upon Thames on Monday morning, alongside the police. Footage shared on social media shows flooding on several roads which have been closed nearby. Thames Water has said [...]
Downbeat IMF growth projections weigh on London’s top indexes April 19, 2022 London’s top indexes were weighed down today by the world’s economic watchdog downgrading its forecasts for the UK and global economy. The capital’s premier FTSE 100 index closed 0.2 per cent lower at 7,601.28 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, dropped 0.75 [...]
Back in the black: London landlord Landsec posts record office leasing in capital May 17, 2022 Property giant Landsec has delivered record office leasing in London as the company returned to profit after five years. Pre-tax profit rose to £875m in the year to the end of March, a turnaround from a £1.39bn loss the previous year. Landsec, which is the landlord for big names in the capital including Deutsche Bank, [...]