London markets soar on first session of 2022 January 4, 2022 London markets soared today during the first trading session of the new year as investors take an optimistic view on Omicron. The capital’s premier FTSE 100 index shot up 1.63 per cent to close at 7,505.15 points during the first hour of trading, while the mid-cap FTSE 250 index, which is more aligned to the [...]
Energy giants fuel London indexes ahead of government white paper April 5, 2022 London’s top indexes were boosted by investors pouring into energy stocks yesterday ahead of the UK government publishing its much-awaited energy strategy. The capital’s premier FTSE 100 index rose 0.72 per cent to 7,613.72 points, while the domesticall-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, edged 0.13 [...]
London-listed medicinal cannabis company inks European distribution deal April 5, 2022 The first medicinal cannabis company to list on London’s main market has inked a distribution deal for Europe, just days after the UK ushered in new regulations. MGC Pharmaceuticals has struck a four-year agreement with pharmaceutical services company Sciensus Rare to distribute its products in the UK and key countries within the European Union. Products, [...]
Letters: Catch London if you can December 1, 2021 [Re: New ‘purpose-built’ $1bn UK clearing bank launches in London, yesterday] Whether or not the newly-launched Bank of London achieves the disruption of clearing services its founders promise, its establishment is still a hugely positive message for Britain to send to the world. Post-Brexit, many were concerned in relation to the City’s forecast loss of [...]
Pint at London pub surges past £8 price amid sky-high inflation June 4, 2022 The average price of a pint has surpassed £8 at one London pub, for the first time, as historic levels of inflation have forced landlords to up prices across the country. The price tag of a drink has soared over 70 per cent since the financial crisis of 2008, according to data from insights firm [...]
Government dinner: Capital’s leaders call for end of “anti-London” rhetoric in keynote speeches May 31, 2022 London’s most high-profile leaders last night called for a reset of relations with central government in speeches at the Mansion House. The City’s elected chief – the Lord Mayor of London Vincent Keavney – told business and political leaders at the London Government Dinner that the words “metropolitan” and “London” have been used “as though [...]
Tube money: Govt warns long-term funding proposal for Transport for London is ‘our final offer’ July 28, 2022 Transport Secretary Grant Shapps has warned that the long-term funding proposal made to Transport for London (TfL) is the Government’s “final offer”. The capital’s transport body has been reliant on money from the Government to keep services running during the coronavirus pandemic. The latest short-term funding agreement expires on Thursday. Mr Shapps wrote on Twitter: [...]
London tech investors launch £30m AI and fintech fund April 4, 2022 A group of top fund managers has helped a consortium of London tech investors launch their third fund in as many years aimed at channelling funds into fast-growing AI, fintech and mobility firms. London Technology Club (LTC) is targeting raising over $40m (£30m) to be injected into between 20 and 25 investments over a one-year [...]
Exclusive: Half of Londoners aged 75+ wish they were better prepared for retirement May 1, 2022 Almost half (49 per cent) of all Londoners aged 75 and older wish they had been better financially prepared for their retirement, according to new figures shared exclusively with City A.M. At the same time, 45 per cent of Londoners between the ages of 45 and 65 do not have a clear idea as to [...]
Russ Shaw’s London Tech Week Diary: Londoners the secret sauce September 23, 2021 London Tech Week – the showcase of all things innovative – is back. Each day this week, Tech London Advocates and Global Tech Advocates boss Russ Shaw CBE will write for us reflecting on the jamboree. Here’s day four. The fourth day of London Tech Week has been a celebration of the unique element behind [...]