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 [...]
London business groups: TfL funding deal ‘vital’ to capital’s economy as Khan warns on ‘managed decline’ June 22, 2022 LONDON business groups, think-tanks and property firms have warned the capital’s transport network needs a long-term funding settlement from central government or risk ‘decades’ of damage. Transport for London’s (TfL) latest emergency bailout with the Department for Transport runs out Friday – risking what the network’s chiefs have described as “managed decline” of the service. [...]
London’s top indexes snap back sharply after bruising sessions March 9, 2022 London’s top indexes snapped back yesterday after booking heavy losses due to fears over the economic fallout of the Russia-Ukraine war sending investors fleeing. The capital’s premier FTSE 100 index soared 2.79 per cent to above 7,000 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, [...]
London confidence in Met Police plummets amid series of controversies January 10, 2022 Confidence in the Metropolitan Police has dropped in the past year, according to new research, while the first part of the inquiry into Sarah Everard’s murder is underway. Research by the Police Foundation and Crest Advisory found “worrying evidence” that trust and confidence in the Met police had worsened amid a series of controversies. It [...]
Prime London house prices skyrocket by 114 per cent as homebuyers flock back to the city April 30, 2022 While prime London property prices have remained largely flat on a year on year basis, life is starting to return to the capital’s top tier, with some postcodes seeing average sale prices climb by as much as 114 per cent. However, not everywhere has fared so well with some postcodes seeing a reduction in average [...]
London markets dip as Darktrace continues to tumble November 12, 2021 Cambridge-based cybersecurity firm Darktrace continued to tumble today, dragging London markets down with it. The capital’s premier FTSE 100 index dipped 0.49 per cent to 7,347.91 points, while the mid-cap FTSE 250 lost 0.07 per cent, falling to 23,557.52 points. Darktrace plunged over four per cent during morning exchanges, extended a brutal period for the [...]
Protestors block London Esso oil facility ahead of new UN climate report April 4, 2022 Protestors have blocked an Esso oil facility near Heathrow Airport with two bamboo structures in a bid to stop new fossil fuel developments. In a fourth day of protests, demonstrators from Extinction Rebellion and the Just Stop Oil Coalition have been blocking the exits to several oil facilities across the country, beginning with seven on [...]
London law firms cannot continue to quietly take Russian money and clients March 8, 2022 In the face of Russia’s invasion of Ukraine, the silence from board rooms across the City’s law firms has been deafening. For too long now, global law firms with London bases have profited from work for Russian entities and oligarchs. Now, faced with dilemmas over taking a stand publicly and shunning Russian interests, many of [...]
In the shadow of Grenfell: 60 London firefighters rush to blaze at high-rise block in Shepherd’s Bush, area evacuated June 21, 2022 London Fire Brigade said eight fire engines and around 60 firefighters have rushed to Queensdale Crescent in West London. Firefighters are at the scene, not far from the sight of the Grenfell Tower fire, to fight the blaze at a high-rise block in Shepherd’s Bush. The brigade said half of a flat on the 12th [...]
London receives cap reduction in government crackdown on private parking fines February 7, 2022 London will receive a smaller overall reduction as part of a government crackdown on private parking fines which will protect motorists from “aggressive debt collection and unreasonable fees.” Under a new parking code of practice introduced by the government today, the cap for private parking fines will be cut in half, going from £100 to [...]