London Calling: London holds on to number two slot in financial centres ranking September 19, 2019 London has clung on to second place in a respected ranking of the world’s top financial centres but its position in the top tier is under threat amid Brexit chaos and other global geopolitical shifts. According to the latest financial index published by researchers at consultancy Z/Yen, London has retained its number two spot behind New York following a year dominated by geopolitical uncertainty and a US-China [...]
Travelex fraudster who stole £70,000 faces sentencing September 19, 2019 A Travelex employee who stole more than £70,000 from one of the firm’s currency exchange bureaus will today be sentenced for fraud. Dubravko Kuftinec, 52, fraudulently stole £72,186 from Travelex’s Fleet Street branch inside the Goldman Sachs building. Read more: BT’s Italian accounting fraud linked to London, investigation reveals He had been working at the [...]
Major US law firm launches first office in ‘exciting and remarkable’ London September 18, 2019 US law firm Alston & Bird launched an office in London today in a bid to build a transatlantic finance and payments powerhouse. Finance partner Andrew Petersen said Alston & Bird’s management: “Firmly believe that London, with everything going on, is the place to be and I think that’s incredibly exciting for London.” The Atlanta-headquartered [...]
Uber rival Bolt sees surge in London rides three months after launch September 18, 2019 Ride-hailing app Bolt has boasted that 300,000 Londoners have signed up to its platform in just three months since its summer launch, as it aims to dent Uber’s dominance. The startup, which formerly launched in the UK as Taxify two years ago, has also seen around 50,000 drivers join a waiting list to work on [...]
Tube delays: Commuters face rush hour chaos on four lines after Baker Street signal failure September 18, 2019 Severe delays hit commuters in rush hour today as a signal failure at Baker Street caused disruption across several lines in a tough morning for Londoners. The fault led to severe delays on the Circle Line while the Hammersmith & City Line also suffered severe delays. Transport for London (TfL) urged commuters to use local [...]
Worried about Brexit’s impact on your business? September 18, 2019 London is one of the world’s business capitals – a world-class financial hub, home to leading businesses across finance, professional services, law, technology, and creativity. While Brexit will not change these fundamentals, we know that it will cause new challenges that firms need to address to continue to be successful. Big firms will weather the [...]
On the loo-se no longer: Police arrest second man as hunt for gold toilet burglar goes on September 17, 2019 Police trying to get to the bottom of the theft of a solid gold toilet from Blenheim Palace have arrested a second man in connection with the crime. A 36-year-old man from Cheltenham was arrested on suspicion of conspiracy to burgle, after thieves ripped the £4.8m artwork out of a wood-panelled room in the early [...]
Chill out about Hong Kong’s bid for the London Stock Exchange September 17, 2019 The London Stock Exchange is under siege. Despite initially rebuffing an unsolicited £32bn takeover bid from its counterpart in Hong Kong, it is expected to face an improved offer in a matter of days. There has, inevitably, been a clamour for the UK government to intervene to block the bid. Many of those opposing the [...]
Unsung heroes: How migrants power our economy and transform lives back home September 17, 2019 With all the debate over Britain’s post-Brexit immigration policy, its relationship with other nations, and its place on the world stage as a supporter of global development, it is worth going back to basics and reminding ourselves of what exactly our migrants contribute, to both the UK and the world. Because make no mistake, ambitious [...]
Police bail pensioner as hunt for Blenheim Palace’s stolen gold toilet continues September 16, 2019 Police investigating the theft of a solid gold toilet from Blenheim Palace have released a 66-year-old man on bail. The pensioner was arrested in connection with the incident after burglars ripped the £4.8m artwork out of a wood-panelled room in the early hours of Saturday morning. Read more: Banksy reveals Girl With Red Balloon shredding [...]