London Night Tube crime rates soar in 2018-19 October 14, 2019 Mayor of London Sadiq Khan has been slammed as having a “complacent attitude” on crime in the wake of soaring violence on London’s Night Tube. New figures from the Greater London Authority show violent crime and sexual assault on Night Tube journeys rose by 32 and 10 per cent respectively in 2018-19. The increases were [...]
Queen’s Speech reaction: Government slammed over lack of detail and certainty October 14, 2019 The government has been criticised for failing to provide any real details in today’s Queen’s Speech that would have offered British businesses certainty. As part of the state opening of parliament, the government set out 22 bills which will form the basis of its domestic policy, with the Queen confirming a Hallowe’en Brexit was Number [...]
Bakerloo line extension to Lewisham open to public comment October 14, 2019 Plans to extend the Bakerloo line to Lewisham will go under public scrutiny today. Transport for London (TfL) began the 10-week public consultation on the extension today, welcoming comment from people on the route and the required works to implement the new route. TfL is planning to extend the Bakerloo line from Elephant and Castle [...]
London co-living developer aims to raise £650m October 14, 2019 The Collective and DTZ Investors are seeking to raise £650m to fund a co-living space boom in London. Coliv – the first institutional large-scale co-living fund – will seek to acquire or fund between six and ten developments in the capital over a ten year period. The rental model, which is aimed at millennials, sees [...]
Retail footfall down 10 per cent in seven years amid high street troubles October 14, 2019 The number of shoppers on the high street has dropped by 10 per cent over the last seven years, according to new data which underlines the current challenges facing physical retailers. Read more: Retailers brace for tough Christmas trading According to a new report from Springboard and the British Retail Consortium, retail footfall has decreased [...]
IPO and M&A markets braced for further headache in 2020 October 14, 2019 Corporate dealmakers are bracing themselves for a further slowdown in business next year, with a new report forecasting a sharp slump in activity as geopolitical uncertainty mounts. Initial public offerings (IPO) and merger and acquisitions (M&A) are set to drop in both activity and value during 2020 amid trade wars and growing fears of a [...]
Increase in financial services jobs available as the City weathers Brexit uncertainty October 14, 2019 The number of financial services jobs available in London increased during the third quarter, alongside the number of job seekers, but political uncertainty is still casting a cloud over the capital’s job market, according to new research. Between July and September, the number of new financial services roles increased 12 per cent on the previous [...]
Labour’s renationalisation plan ‘would cost £200bn’ October 14, 2019 The Labour party’s plans to renationalise water and energy utilities, train companies and the Royal Mail would cost at least £196bn, new analysis by the country’s biggest employer organisation has revealed. The huge sum is equivalent to the total amount of income tax paid by UK citizens in a single year, and is almost as [...]
City of London Corporation looks east to China in post-Brexit plans October 13, 2019 London must capitalise on the US-China trade war to increase Chinese investment and help offset the potential effects of Brexit, according to the City’s governing body. The City of London Corporation proposes to position London as a “top global financial centre” and as a “supporter to China’s financial reform” in a motion to be reviewed [...]
Spotlight on Pizza Express as debt pile sparks fears for chain’s future October 13, 2019 Speculation over the future of Pizza Express mounted over the weekend amid reports of potential store closures and debt restructuring talks. The pizza chain, which is looking to slash its £1.1bn debt pile, has denied suggestions that it is mulling mass closures after a tough spell of trading. Read more: Twitter is scared Pizza Express [...]