Heathrow to unveil billions in investment and pledge to use UK steel for third runway February 11, 2025 Heathrow has confirmed a multibillion-pound investment in major upgrades to the airport, including plans for a third runway, in a move expected to unlock thousands of UK steel jobs. Heathrow chief executive Thomas Woldbye is expected to lay the groundwork for what is the largest private investment programme in Heathrow’s history in a speech on [...]
As the US snubs Paris summit, how can we keep AI under control? February 11, 2025 The US and UK have refused to sign a declaration on AI safety at the Paris Summit. Is there a 'third way' for regulation, asks Russ Shaw.
‘First of its kind’ sustainable skyscraper gets green light from City of London February 11, 2025 Planning permission for an innovative 33-story tower at the old headquarters of M&S has been approved by the City of London Corporation, the latest in a string of top-quality skyscrapers approved in the capital. The building at 70 Gracechurch Street, originally constructed in 1990s as the headquarters for Marks and Spencers, will deliver over 550,000 [...]
Sadiq Khan: Home-working risks London ‘hollowing out’ February 11, 2025 Sir Sadiq Khan has raised the alarm on working from home, saying London “cannot afford” to be a city where “the centre has been hollowed out”. The London Mayor urged employers to consider the post-lockdown effect on commuters across the capital, as first reported by the BBC. Khan added unease regarding the amount of young [...]
Dunelm chief steps down after guiding firm through transformation and Covid February 11, 2025 Dunelm’s chief executive Nick Wilkinson will step down after seven years after leading the company through a strategic change, digitalisation, and the pandemic. Wilkinson will remain at FTSE-listed Dunelm until a successor is appointed. Sales at Dunelm have been consistently rising over the past few years as its personalised, relatively low-cost homewares go down well [...]
Post-Brexit immigration wave could cost Brits £234bn February 11, 2025 The City of London is an immigration success story, but most of those who have entered the country since we ‘took back control’ of our borders will never pay enough tax to cover the cost of the public services and welfare they consume, representing a net fiscal cost of £8,200 for every UK household, says [...]
Commercial real estate: Why London needs 15 new Walkie Talkies February 11, 2025 Commercial real estate can be the growth lever the government is looking for, but as the industry gathers in London today, the global investment community has its eyes on the current shortfall of London offices, says Philip Hobley As Prime Minister Sir Keir Starmer and Chancellor Rachel Reeves cast around for the `growth lever’ there [...]
BP shares top the FTSE 100 as Elliott stake ignites breakup chatter February 10, 2025 BP shares jumped to the top of the FTSE 100 this morning as a rumour emerged that an activist hedge fund had taken a position in the stock. Shares in the blue-chip oil giant jumped eight per cent in early deals on the news activist hedge fund Elliott Investment Management had built a position in [...]
Surrey to keep majority as Mumbai Indians owners confirm Oval Invincibles stake February 10, 2025 Surrey have confirmed that they will remain majority owners of the Hundred franchise Oval Invincibles after taking investment from super-rich Indian family the Ambanis. The family, through Reliance Industries Limited, have agreed to purchase a 49 per cent share in the south London side in a deal that values them at around £125m. It was [...]
As tariffs loom, the UK-India trade deal is all the more important February 10, 2025 Tariffs are the road to ruin. But the UK still has many opportunities with trade partners like India, writes Lord Mayor Alastair King.