What NOT to expect in the Spring Statement Opinion The Spring Statement shouldn’t be a big thing, but it’s increasingly feeling like it could be. Here's what Reeves should do, but won't.
Grid operator to ‘urgently investigate’ Heathrow power outage after fire Transport and infrastructure Energy secretary Ed Miliband has ordered the National Energy System Operator to “urgently investigate” the power outage caused by a substation fire that shut Heathrow Airport on Friday. He is working with Ofgem and using powers under the Energy Act to formally launch the grid operator’s investigation. “We are determined to properly understand what happened [...]
Three things businesses can learn from sport From identifying and promoting talent to what makes a great leader, there’s plenty businesses could learn from sport, say Florence Hamilton and Ronan Dunne “Women who play sports are more likely to be business leaders”. This finding from a Women’s Sports Foundation report made headlines around the world last year. We weren’t surprised. In fact, we think business should [...]
London’s store closures finally return to pre-pandemic levels March 21, 2025 Retail closures in London stabilised last year after rising during the pandemic, according to a new survey. The capital lost about a store a day last year, with five stores closing and four new stores opening, according to PwC. Head of retail at PWC Jacqueline Windsor said the figures indicated “cautious optimism” for UK retail. [...]
Plans approved for £600m Euston Tower revamp March 21, 2025 British Land’s plans to strip and redevelop Euston Tower in a £600m project have been approved by Camden Council. The tower, which was originally built in 1970 and sits next to Euston station, will undergo a complete revamp with new office space, restaurants and terraces. “We are delighted to receive planning consent for this incredible [...]
City law firm fined over £400,000 for Russian sanctions breaches March 21, 2025 Law firm Herbert Smith Freehills was hit with a £465,000 penalty after breaching UK financial sanctions imposed on Russia
Will London take New York’s fintech crown? March 21, 2025 According to Z/Yen’s 37th Global Financial Centres Index (GFCI 37), the Square Mile is snapping at the heels of the Big Apple.
Lloyd’s reinsurer secures landmark Ukraine reinsurance facility March 21, 2025 MS Amlin, a Lloyd's reinsurer, has secured a reinsurance scheme that could provide up to €1bn (£830m) in annual coverage for Ukraine SMEs
AIM IPOs: What happened this week on London’s junior stock exchange? March 21, 2025 After AIM started the week strong with the announcement of two planned IPOs, London’s junior stock market has seen more companies float on its exchange. This week, AIM had two IPOs, One Health Group and Wellnex Life, compared to the 11 which pursued an IPO throughout the entirety of last year. One Health Group, a provider [...]
Bolt sends £200m warning to Reeves ahead of Uber VAT ruling March 21, 2025 Ride-hailer Bolt has sent a stern warning to Rachel Reeves over government inaction on a possible 20 per cent VAT hike for taxi firms. City AM understands the mobility firm has written to the Chancellor warning it has withheld £200m of investment in the UK over the last three years as ministers dither over the [...]