Sadiq Khan to host first-ever mayoral London-Africa business summit Politics Sadiq Khan has unveiled plans to host the first-ever mayoral London-Africa business summit next year in a bid to deepen trading ties with the continent. According to the mayor, the summit will bring together entrepreneurs and investors, state officials, trade groups and stock exchanges from across the continent, with the aim of promoting London as [...]
FTSE 100 passes 9,000 points for first time Markets The FTSE 100 hit another all-time high on Tuesday, sailing past the 9,000-point barrier for the first time ever despite continued uncertainty around tariffs acting as anchor on other major stock markets. London’s blue-chip equities index hit 9,016.98 points in early trades, taking its overall gains for the year up 10.3 per cent. Its constituents [...]
Is it high time to buy in super-prime London? Wealth London’s super-prime market has been suffering from a glut of supply in the wake of damaging decision-making from successive governments. Ali Lyon asks, is the tide beginning to turn? To take a walk down Mayfair’s historic Upper Grosvenor Street is to be confronted by a quiet, but dramatic, changing-of-the-guard afoot in one of London’s most [...]
London hiring plunges as Rachel Reeves’ tax grab weighs July 14, 2025 London hiring has suffered a steep drop as rising costs weigh on employers following Rachel Reeves’ tax grab. Permanent staff places in the capital – hires with no fixed end date – fell at the sharpest rate in 22 months in June. Meanwhile, temporary bills, which track the total income recruitment agencies earn from placing [...]
‘Serious incident’ as plane crashes at London Southend Airport July 13, 2025 A plane has been involved in a collision at Southend Airport, police said. In a statement, Essex Police said they remain on the scene of a “serious incident” and were alerted shortly before 4pm on Sunday to “reports of a collision involving one 12-metre plane”. Images posted on social media show a plume of fire [...]
Rachel Reeves to pledge Thatcher-style ‘Big Bang’ for City in Mansion House speech July 13, 2025 Chancellor Rachel Reeves is to pledge a Thatcher-esque “Big Bang” in the City next week as part of her much-awaited Mansion House speech. Reeves is expected to tell senior banking figures to ditch New York and Paris in favour of London or Leeds amid a commitment to slash burdensome regulation. A Treasury source told the [...]
Air India crash: Not easy to ‘accidentally’ cut off fuel switches July 12, 2025 The fuel switches that were cut off before the Air India plane crash are the kind used on every flight, and designed so that this cannot easily “accidentally” happen, an aviation expert has said. The London-bound Boeing 787 Dreamliner crashed into a medical college shortly after taking off from Ahmedabad Airport on June 12, killing [...]
London claims number two spot in global ranking of AI hubs July 11, 2025 London has claimed the number two spot in a new global ranking of tech talent hubs, second only to San Francisco, as the capital continues to ride the wave of AI innovation. However, behind the headlines, the race for digital skills is intensifying, and the UK still faces significant challenges if it wants to maintain [...]
Number of affordable homes started in London plummets July 10, 2025 The number of affordable homes underway in the capital has fallen far short of expectations as tight regulations and cost pressures make sites unviable. The Greater London Authority has so far completed 871 homes under the 2021-2026 Affordable Homes Programme (AHP), according to its annual housing report. This is just over five per cent of [...]
Fintech leads surge in London finance hiring July 10, 2025 Fintech helped lead roaring growth in London’s finance hiring for the second quarter of the year as demand for risk professionals surged amid a more moribund jobs market for traditional lenders. New financial services jobs vacancies rose three per cent quarter-on-quarter, according to Morgan McKinley’s London Employment Monitor while Greater London fintech hiring is expected [...]