London holds global litigation crown amid calls for reform in funding industry December 16, 2024 Litigation funding is a leading key concern among City litigators as the majority believe the Labour should prioritise regulatory reforms
London’s flexible office workers shift to four days a week December 16, 2024 Workers in London’s flexible office space have increased the number of days at their desk, despite sentiment that Londoners were unlikely to return to pre-covid working patterns. Three quarters of workers in flexible offices now use the working space at least four days a week, according to fresh data from Knight Frank. This comes amid [...]
A requiem for UK equity capital markets December 14, 2024 London’s storied status as a global financial powerhouse is slipping away, and with every IPO that doesn’t materialise or company that decamps to the US, it becomes clearer that the City is in its death throes, says Owen Matthews As a former mid-cap ECM investment banker, I’ve watched with despair as the lights dim on [...]
London e-bike battle heats up as Forest strikes partnership to take on Lime December 12, 2024 Forest is looking to claw back market share from its larger London rival Lime, which is the only other e-bike operator in the capital.
Tui profit jumps but growth set to slow December 11, 2024 Shares in Tui fell on Wednesday despite full-year profit rising by a third on strong demand for its wide-ranging travel offering.
Firstgroup re-enters London bus market with £90m acquisition December 10, 2024 Firstgroup said on Tuesday it had signed a £90m deal to take RATP London off the hands off its French owner.
London house prices reach ‘unaffordable’ levels – even for top earners December 9, 2024 Even the richest people in London are being priced out of the property market as house prices reach record levels, the Office for National Statistics has found. “In London, the average home was not affordable for any household income decile,” the statistics watchdog said in its latest Housing Purchase Affordability index, using 2023 data. The [...]
Wembley Park developer loses over £700m December 9, 2024 The company behind the transformation of Wembley Park in London lost more than £700m during its latest financial year, it has been revealed. Quintain has reported a pre-tax loss of £721.7m for 2023, delayed accounts just filed with Companies House show. The loss comes after the business reported a pre-tax profit of £139.7m in 2022. [...]
London coaxes bankers back from political chaos in Europe December 8, 2024 Political chaos across Europe is pushing bankers to stay in London rather than follow through on plans to move to the continent. Following Brexit, many bankS began shifting certain roles across the channel, sometimes due to requests from European regulators, and sometimes to stay better connected to the continent. A senior banking source told the [...]
Titanic shipyard Harland & Wolff closes in on rescue deal with Navantia December 8, 2024 Navantia has won approval from the Cabinet Office to take control of the Harland & Wolff's four UK shipyards, Sky News reported.