Londoners spend up to 72 per cent of their entire income on simply getting by in the capital February 2, 2022 London renters are forking out up to 72 per cent of their monthly household income simply to get by in the capital’s rental market. Nationwide, that figure is even higher, up to 77 per cent. The average UK rental household pays £808 per month in rent, accounting for 26 per cent of total monthly household [...]
From Barnet to Fulham via Camden and Southwark: Here are London’s most expensive and decadent rental properties April 19, 2022 While the average London tenant will pay £1,574 per month, the average cost of residing at the very top of the capital’s rental market comes in at a huge £23,839, – a 1415 per cent rental price premium. London-focused rental platform Rentd looked at the average cost of renting in each London borough before comparing [...]
London lagging behind rest of Britain in hospitality sales October 18, 2021 Despite an overall booming September trade for Britain’s restaurants, pubs and bars, sales in the capital lagged behind, according to the latest Coffer CGA Business Tracker. Britain’s managed restaurants, pubs and bars had their second successive month of year-on-year sales increases, with total sales even up on pre-pandemic levels of September 2019 by eight per [...]
London markets register sobering day as Bank of England rate hike spooks investors February 3, 2022 London markets dropped sharply yesterday after investors were spooked by the Bank of England hiking interest rates at successive meetings for the first time since 2004. The capital’s premier FTSE 100 index closed 0.71 per cent lower at 7,528.84 points, while the domestically-focused FTSE 250, which is more aligned with the health of the UK [...]
London’s top indexes edge higher as investors mull next Russia-Ukraine developments March 1, 2022 London’s top indexes jumped this morning as investor fears over the potential fallout of economic sanctions levelled against Russia tempered. The capital’s premier FTSE 100 index added 0.2 per cent to rise to 7,473.42 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, edged down 0.07 [...]
London tops European fintech occupier index with £15bn funding December 10, 2021 London has beaten European capitals for the top spot in a new ranking table of the most attractive cities for fintech occupiers in Europe, according to reports. The capital, which has brought in over €18bn (£15.4bn) of fintech venture capital funding over the last five years, has kept its place at the top of the rankings compiled [...]
Police searching for missing Petra Srncova find body in London park December 12, 2021 Police searching for London nurse assistant Petra Srncova, who was missing for more than a week, yesterday said they had found a body in Brunswick Park. Officers remained at the scene last night while the formal indentification of the body was awaited. The police said Srncova’s death was still being treated as unexplained. Petra Srncova, [...]
Editorial: A growing talent time-bomb is putting London’s economic recovery in peril July 7, 2021 London feels more normal than it has done for a long time. Soho is buzzing, Oxford Street has begun to see elements of a footfall revival, and at certain times in recent weeks it’s been possible to see young men of a certain age getting merrily tanked up before going to the football. And not [...]
One-third of London Covid cases is Omicron variant, says Zahawi December 12, 2021 One-in-three Covid-19 cases in London are now the Omicron variant, according to education secretary Nadhim Zahawi. Zahawi said there could be up to 160,000 cases of the highly transmissible variant in the UK already, despite the official recorded number being only 1600. The education secretary also confirmed that there are now people who have been [...]
The hunt is on: 49-year-old Lee Peacock is London’s most wanted after two bodies found August 21, 2021 The police this morning is looking for a 49-year-old man as part of a murder investigation after two bodies were found within hours of each other at separate addresses in central London. The Metropolitan Police said in a statement they were appealing for information about the whereabouts of Lee Peacock, who they wished to speak [...]