Can Liverpool replace London as UK’s tourism capital? Business The Liverpool City Region is making a bold play to replace London as the tourism capital of the UK. Local leaders have unveiled a five-year plan which it hopes will boost the region’s economy, create jobs and become the go-to destination in the country. Liverpool has been emboldened in its ambitions after hosting major cultural [...]
FTSE 100 hits all-time high as investors bet on interest rate cuts Investing The FTSE 100 has hit a new all-time high this morning, surpassing the previous peaks it reached in spring last year, as investors ramp up their bets on an interest rate cut by the Bank of England next month. The value of London’s 100 largest listed companies has grown 3.2 per cent in the last [...]
Badenoch refuses Reform merger as she says UK ‘getting poorer’ Politics Kemi Badenoch has said Britain is “getting poorer” and “living off the inheritance” of past generations, as she refused any suggestion of a merger between the Tories and Reform UK. The Conservative leader made her first speech of 2025 in central London on Thursday. She focused on the past mistakes of her party in what [...]
Sadiq Khan to hike his share of London council tax bills January 16, 2025 Sir Sadiq Khan is set to hike Londoners’ average council tax bills by almost £19 a year – with City Hall’s share of the yearly total reaching almost £500. The London mayor is planning to increase his average ‘precept’ – or the amount he adds onto residents’ bills from their local councils – by four [...]
Savills: End of work from home drives recovery in office property market January 16, 2025 International property services company Savills has predicted a strong commercial property market this year driven by cheaper financing, the sustainability agenda and workers’ return to the office. The FTSE 250-listed firm told the market this morning that while it expected challenging conditions to continue, “most markets are in recovery”. However, the firm added that geopolitical uncertainty, [...]
Former Lord Mayor named president of London business group January 15, 2025 The former Lord Mayor of the City of London Michael Mainelli has been appointed as president of the London Chamber of Commerce and Industry (LCCI). Mainelli, who served as Lord Mayor from 2023 to 2024, is currently chair of think tank Z/Yen, which he founded in 1994. The former Lord Mayor has also held senior [...]
‘We hope this is not goodbye’: Partridges to close iconic London store after 53 years January 14, 2025 Independent family-run food store Partridges is to close its iconic London location after 53 years. The company is to shutter its fine food store in Duke of York Square, Chelsea, on 2 February. Partridges confirmed that its location in Gloucester Road, Kensington, will continue to trade as usual and that a new store will open [...]
Quinn Emanuel: US law firm’s City of London office revenue soars January 13, 2025 US law firm Quinn Emanuel’s revenue over 2024 in London was up double-digits as litigation continues to boom
Chauffeur firm Blacklane looks to ‘double down’ on London after Saudi cash injection January 13, 2025 Luxury chauffeur service Blacklane is looking to “double down” on London after announcing its largest-ever funding round late last year. The Berlin-based firm, which counts Mercedes-Benz and the Saudi Public Investment Fund (PIF)’s Tasaru Mobility among its investors, raised £53.5m in October amid long-running reports of a possible Initial Public Offering (IPO). Blacklane’s airport transfer [...]
Lawyer hourly fees at US firms boom January 10, 2025 The hourly fees charged by lawyers in the US have jumped nearly seven per cent in the last year, the fastest rate since the global financial crisis