Bold move to take on Uber: Bolt to allow London drivers to set their own prices November 15, 2021 In an attempt to tackle driver shortages which have led to longer wait times and increased cancellations across the ride-hailing sector, Uber’s main rival in the capital, Bolt, said this morning it will allow drivers to set their own prices. Drivers often accept journey requests but then reject them after receiving more profitable options, Bolt [...]
Metropolitan Police Federation turns against London Mayor saying it has ‘no faith’ in him following Cressida Dick’s resignation February 14, 2022 The Metropolitan Police Federation, which represents more than 31,000 officers in London, has said it has “no faith” in London Mayor Sadiq Khan following the resignation of Dame Cressida Dick last week. Ken Marsh, chairman of the federation, said: “We have let the Mayor’s office know in no uncertain terms how our brave and diligent [...]
Property: London house prices climb by £36 every single day September 28, 2021 House prices rose by £44 per day on average in the six months leading up to August, according to new figures published this morning. In London, that figure stood at £36 per 24 hours. This was up from £30 per day typically over the previous six months (July 2020 to January 2021), Zoopla said. Across [...]
Sales and productivity have jumped since move to four-day work week, says London tech firm January 25, 2022 A London-based tech company has seen a 30 per cent boost in sales since moving to a four-day work week, the agency told City A.M. Since the change to a four-day, 32 hour working week, implemented in October of last year, technology consultancy company THRYVE ahas also seen its productivity go up by 20 per [...]
London will continue to see weakest house price growth until 2024 September 27, 2021 London is set to underperform the rest of the country on house price growth until 2024, when growth will accelerate. Prices in the city have been forecast to end the year up 1.5 per cent, according to the latest housing market forecast from estate agents Hamptons. London prices are then predicted to rise by one per [...]
Renters return to London with a vengeance as City workers want to walk to work September 27, 2021 London prices have recorded the strongest quarter of growth in over a decade as the capital’s prime rental market now leads the recovery. A return of office workers and employees relocating for work meant prices were up 2.9 per cent in the third quarter, the strongest quarter of growth since March 2011, according to Savills. [...]
Watch as London drivers feel the pinch with gas stations running dry September 27, 2021 Lengthy queues of vehicles snaked their way to gas stations in London this weekend where an acute shortage of truck drivers has led to fuel rationing and some pumps running dry, and prompted the government to consider issuing temporary work visas. Watch the full report.
The Notebook: Short selling has little sympathy outside City bubble February 13, 2024 Why short selling spooks 'the normals', an end to the celebrity sports industrial complex and a fine London read
Sadiq Khan is fighting London’s pollution problem but it’s the capital’s infrastructure that must be the priority January 21, 2022 Last week, millions of Londoners were advised to stay indoors – this time not because of a Covid-19 lockdown, but because pollution in the capital was at the highest possible level. For a country supposedly leading the way in net zero climate action, this is an alarming indication of how far its capital still needs [...]
Prime central London price growth to surpass rest of UK as ‘US executives back in town’ December 6, 2021 Prime central London is forecast to surpass the rest of the country on price increases next year, as buyers look once more to Kensington and Chelsea. Property sales in lucrative parts of the city will rebound after being hit hard by the pandemic, as international buyers return, according to estate agent Winkworth. Winkworth chief executive [...]