In a world of data and digitisation, the City continues to hold the winning cards September 24, 2019 At a time when the spotlight is on London’s future as a global hub for finance, new data showing that the capital has extended its lead in global FX and interest rate derivatives trading since 2016 was a clear vote of confidence in the City. This was backed up by the latest Global Financial Centres [...]
Greater London Authority writes to PM to demand answers over Arcuri relationship September 24, 2019 The Greater London Authority (GLA) has written to Prime Minister Boris Johnson to demand an explanation for the decision to award public funds to a friend while he was mayor of London. The Sunday Times said US tech entrepreneur Jennifer Arcuri – a friend of Johnson – had received thousands of pounds in sponsorship grants [...]
Boris Johnson denies impropriety in relationship with Jennifer Arcuri September 23, 2019 Prime Minister Boris Johnson today denied any impropriety in his dealings with a friend who received thousands of pounds in grants when he was mayor of London. The Sunday Times said US tech entrepreneur Jennifer Arcuri – a friend of Johnson – had received thousands of pounds in sponsorship grants and had received preferential treatment [...]
Sexual assaults on Tube network have risen 42 per cent since 2015 September 23, 2019 The number of reported sexual assaults on the London Underground has risen 42 per cent over the last four years, according to new data. Attacks on the capital’s transport network have jumped from 844 in 2015-16 to 1,206 in 2018-19, the PA news agency’s analysis of figures found. Read more: Bank Tube station upgrade hits [...]
How Kapten is trying to take Uber’s ride-hailing crown September 23, 2019 Uber has an image problem. The ride-hailing app’s popularity has declined on complaints that its drivers are contributing to congestion and pollution on London’s streets. Uber took a big PR hit last year when Transport for London (TfL) took away its operating licence due to issues with the company’s approach to safety and regulation. The [...]
The UK’s lead in the forex market is the envy of the world September 23, 2019 The UK’s foreign exchange market is the backbone of international trade and investing. It is vital to support exports and imports, which in turn give Britain access to resources. Without the ability to trade in different currencies, the UK’s prospects would be limited, and economic growth would suffer. A recent survey by the Bank for [...]
London climate strikes: Thousands protest by capital’s landmarks September 20, 2019 Thousands of young people walked out of classrooms and schools this morning in the lead-up to next week’s climate change conference in New York. The students, de facto led by Swedish teenager Greta Thunberg, are striking in 150 different countries. Read more: DEBATE: Should companies be supportive of employees who want to take part in [...]
London Car Free Day 2019: Everything you need to know about this weekend’s event September 20, 2019 Drivers have been warned to avoid large parts of central London as over 200 roads close in the capital for Car Free Day 2019. Between 7am and 7pm on Sunday, pedestrians will be given free rein across London Bridge and Tower Bridge, as the city highlights the problems caused by air pollution. Read more: Mayor [...]
Tottenham Hotspur refinance more than £600m of stadium debt to secure financial future September 20, 2019 Tottenham Hotspur have refinanced £637m of loans taken out to help build its new £1.2bn stadium. The club borrowed the lump sum from Goldman Sachs, Bank of America and HSBC to support the arena’s construction and were due to pay it back in full by April 2022. Read more: Olympiacos 2-2 Tottenham: Spurs stuck in [...]
LSE boss David Schwimmer feels ‘very good’ about Refinitiv deal after snubbing Hong Kong offer September 19, 2019 The boss of the London Stock Exchange has said he feels “very good” about merger plans with Refinitiv, in a fresh sign of the group’s reluctance to accept a separate takeover offer from its Hong Kong rival. LSE chief executive David Schwimmer expressed his enthusiasm for a $27bn (21.6bn) acquisition of data provider Refinitiv at [...]