TfL finance chief quits post amid financial turmoil for the London transport body January 10, 2022 Transport for London’s (TfL) chief financial officer has resigned amid the transport body’s ongoing financial turmoil. It was announced today that Simon Kilonback will leave his post and join internet provider G.Network, after working at TfL since 2009, in what is another blow to the body as it seeks to secure its financial future. It [...]
Police investigate after Banksy street artwork removed December 23, 2023 The Metropolitan Police are investigating the alleged theft of a Banksy installation in south-east London.
Nationwide taps Royal London chairman for top job September 6, 2021 Nationwide is poised to announce a new chairman who will take over the building society next year. Former Scroders and KPMG executive Kevin Perry will replace David Roberts, according to Sky News. The building society was reportedly in the process of seeking regulatory approval for the new appointment, according to the news organisation’s City sources. [...]
Genflow gears up for London float with Europe acting as ’empty field’ for age reversal firms January 10, 2022 Age reversal firm Genflow gears up to announce its market debut, making it the first of its kind to float in London. The British company is backed by the likes of billionaire investor Jim Mellon and has raised £3.7m, with a market cap of just over £23m. Funds will go towards developing a product designed [...]
London markets whacked by AO World tumbling on supply chain profit hit November 23, 2021 Supply chain snarl ups and soaring costs have whacked AO World’s profits, sending the online electricals retailer’s shares tumbling, dragging the mid-cap FTSE 250 down with it this morning. In the first hour of trading, London markets plunged into the red, with the capital’s premier FTSE 100 index dropping 0.59 per cent to 7,212.35 points, [...]
Cinch signs deal with NFL to sponsor London matches September 6, 2021 Used car marketplace Cinch has today announced a new sponsorship deal with American Football’s National Football League. Under the deal, the firm will become the presenting partner of the NFL London Games and lead partner of NFL UK from the start of the 2021 season. Cinch’s branding will appear both at Tottenham Hotspur’s stadium for [...]
Driving in London: Calls for one-month ULEZ pollution charge amnesty October 26, 2021 City Hall Tories are calling for the Mayor of London, Sadiq Khan, to provide a one-month fines amnesty for drivers who fail to pay the Ultra Low Emission Zone (ULEZ) charge during the first month of the expanded zone. Drivers of vehicles which do not comply with minimum emissions standards are being charged £12.50 to [...]
Goldman to list Petershill Partners on the London Stock Exchange September 6, 2021 Petershill Partners has announced plans for an Initial Public Offering on the London Stock Exchange with an expected valuation above $5bn (£3.6bn), according to industry sources. Petershill, an investment group which specialises in buying stakes in alternative asset managers, was created by Goldman Sachs in 2007. Petershill Partners will launch as a standalone company, offering [...]
London offices at 10 per cent occupancy after work from home directive December 15, 2021 London offices plummeted to 10 per cent occupancy in the wake of fresh work from home guidance this week. Occupancy on Tuesday 14 December was down on the previous week’s figure of an average of 28 per cent occupancy, according to workspace technology company Freespace. The capital has been hit harder than other parts of [...]
Residential landlord Grainger confident in future of London’s ‘attractive’ rental market May 13, 2021 Residential landlord Grainger said it is confident in London’s ability to bounce back from the coronavirus pandemic, despite slumping rental prices in the capital. The FTSE 250 developer said this morning that its “conviction in London’s rental market remains”. “As a leading city, London will continue to be an attractive location to live in and [...]