US climate-tech startup plants dual HQ in London in a bid to woo Europe April 6, 2022 US climate-tech startup Watershed has planted a dual headquarters in London, in a bid to woo Europe. The San Francisco-based firm, backed by former US vice president Al Gore, has already partnered with tech heavyweights such as Klarna, Monzo, Wise and Revolut. Watershed, a software platform that helps companies with their net-zero emissions targets, has [...]
Softbank readies to take Arm public as pressure builds for a London listing February 8, 2022 Japanese conglomerate Softbank is gearing up to take British chip manufacturer public after its blockbuster $40bn takeover by American rival Nvidia collapsed.
Christmas parties get the chop at London firms November 14, 2021 City bosses have cancelled their traditional Christmas parties for a second year running over Covid fears. Blowout Christmas celebrations usually held by London’s accounting, insurance and law firms will be scrapped in favour of smaller dinners and events for individual teams the Telegraph first reported. Despite large gatherings being allowed under current Covid rules, top [...]
Japan to sign historic defence pact with UK as PM Kishida woos London business leaders May 5, 2022 A new defence pact in the Pacific and post-Brexit trade are high on the agenda, as Japan’s prime minister meets his UK counterpart today. Fumio Kishida and Boris Johnson are set to sign off on an agreement which allows British and Japanese forces to deploy together, against the backdrop of war in Ukraine. The deal [...]
London consumer tech firm bags $70m to pump into product design March 9, 2022 London-based earphone maker Nothing has bagged a $70m funding round today to pump into product development as it opens up a new design hub in the capital.
London’s Trocadero wins High Court battle against Cineworld over millions in unpaid rent September 28, 2021 London’s Trocadero Centre in Piccadilly Circus has won a high court battle against cinema chains Cineworld and Picturehouse Cinemas over millions of pounds in unpaid rent. The owners of London’s Trocadero Centre brought legal action against the two chains and the original tenant, Gallery Cinemas, over outstanding bills since June 2020. The three firms, which [...]
London City Airport crowns March as most successful month since Covid start April 5, 2022 London City Airport today crowned March as its most successful month since the pandemic’s start. The airport reported that 189,000 passengers passed through its gates last month – 54 per cent up on February levels. While 31 March was its busiest day with more than 10,000 passengers, the airport said it was gearing up to [...]
Central London continues to feel impact of Plan B measures January 10, 2022 Central London has suffered another blow to its recovery as shoppers stay away from the city’s retail hotspots. Footfall in the West End and other areas dropped by more than a quarter (25.6 per cent) last week compared to the week before. “With employees continuing to work from home the drop in footfall in Central [...]
Prime London rent hits double-digit growth for first time since 2010 April 4, 2022 The priciest areas to rent in London have seen double-digit annual rental growth for the first time in more than a decade. According to figures released by Savills, growth in prime London hit 11.1 per cent in the first quarter of this year, against a backdrop of low stock levels. It is the first time [...]
London markets rebound as retailers lead FTSE 100 higher January 11, 2022 London markets rebounded from a poor day yesterday, led higher by investor sentiment toward retailers strengthening after a strong Christmas trading period. The capital’s premier FTSE 100 index climbed 0.39 per cent to 7,474.07 points, while the mid-cap FTSE 250 index, which is more aligned to the health of the UK economy, added 0.59 per [...]