Mayor of London says new Met chief must have ‘robust plan’ to fix police culture February 13, 2022 London’s Mayor Sadiq Khan has said the new Metropolitan Police chief must have a “robust plan” to deal with the police’s “cultural problems”, following the departure of Dame Cressida Dick on Thursday. Dick resigned over Mr Khan’s lack of confidence in her plans for reform, giving her “no choice” by the leave the post, as [...]
In pictures: London basks in sweltering temperatures July 20, 2021 The mercury could climb as high as 33C over the next few days, which is hotter than top European holiday destinations such as Marbella, Mykonos and Tenerife. The Met Office has also issued an amber extreme heat warning for parts of Wales, all of south-west England and parts of southern and central England. Meanwhile, Public [...]
Alphawave dishes out $25m in first acquisition following London IPO December 2, 2021 Alphawave has bought telecoms firm Precise-ITC for some $25m – its first acquisition since it debuted on the London Stock Exchange earlier this year. The deal for the Canadian ethernet and optical communications company, which is expected to close in January and contribute to next year’s revenue, intends to supply Alphawave customers with integrated IP [...]
Burger King plots 200 new UK restaurants as fast food giant eyes whopper £600m London float April 25, 2022 Burger King is eyeing an additional 200 restaurants in the UK over the next four years, after “significant under-penetration” in the country’s market. The burger chain, which has been eyeing a London float since last year, said its adjusted EBITDA nearly tripled to £49.5m. In results for the year ended 31 December, the fast food [...]
Prime London sales hit highest yearly growth since 2015 November 5, 2021 The Prime London sales market has marked the highest annual growth since September 2015, as consumer confidence bounces back. Average prices across central areas including the City of Westminster and the Royal Borough of Kensington and Chelsea increased by 1.2 per cent in the year to October. September was the sixth consecutive month of annual [...]
Crypto could give London a unique post-Brexit advantage says Hammond December 1, 2021 Ex-Chancellor Philip Hammond said the UK must move quickly on digital assets to secure its post-Brexit advantage in financial services.
London tops rankings for foreign investment July 20, 2021 London tops the table of regions in the UK with the greatest amount of foreign investment, according to figures published by the ONS. The value of foreign direct investment (FDI) in the capital reached £660.8bn in 2019, representing 42 per cent of the aggregate amount of inward FDI in the UK. The value of FDI [...]
New ‘purpose-built’ $1bn UK clearing bank launches in London November 30, 2021 London gets its second new clearing bank in 250 years today, as The Bank of London launches in the city to approve and process cross-border payments. Founded by Anthony Watson, a former chief information officer at both Nike and Barclays, The Bank of London is taking on the four banking giants HSBC, Lloyds Banking Group, [...]
Tory by-election candidate says levelling up agenda includes outer London November 28, 2021 The Conservative candidate in an upcoming by-election has claimed the government’s levelling up agenda includes poorer parts of outer London. Old Bexley and Sidcup candidate Louie French told City A.M. that Boris Johnson’s flagship agenda, generally thought to only encompass the Midlands and the North, “completely” includes economically deprived areas of the capital and that [...]
Uber cuts deal with Tesla to supply London drivers with electric cars November 3, 2021 Uber has cut a deal with Tesla which will supply London drivers with electric vehicles (EVs) as the city pushes to slash emissions. The agreement, which comes into effect from today, will see drivers granted access to a £135m clean air fund to help buy or lease a Tesla car. The funds have been collected [...]