London jumps to second in global ranking of best cities to invest in May 2, 2019 London has overtaken Hong Kong to take second place in a global ranking of cities with the most investment potential. London rose to second place in the index compiled by asset manager Schroders, up from third place in 2017 and eighth place in 2016. Its position in the table has been boosted by strong employment [...]
VCs delay funding for London’s tech startups after the latest Brexit delay May 2, 2019 The latest Brexit extension has struck hesitancy into the heart of London’s venture capitalist scene as funders delay investments in the UK tech sector. Read more: Tech sector activity gets a boost despite falling optimism Almost a quarter of the capital’s technology startups have suffered a drop in VC funding since the end of 2018 [...]
London mayor Sadiq Khan’s approval rating goes negative for first time since election May 2, 2019 London mayor Sadiq Khan’s popularity has dropped into negative figures for the first time. Data from a You Gov poll for December showed Khan had a net approval rating of minus one. The poll of 1,000 people, commissioned by City Hall, showed 32 per cent said they were satisfied and 33 per cent dissatisfied. Read [...]
West End landlord Shaftesbury braced for court row with tycoon shareholder May 2, 2019 A bitter row between a major London landlord and one of its largest shareholders has descended into threats of legal action this morning. FTSE 250 property giant Shaftesbury Group, which owns large parts of the West End including much of Carnaby Street and Chinatown, is braced for a court battle with Hong Kong billionaire Samuel Tak Lee [...]
Londoners are torn over City’s new Tulip skyscraper in new ranking of London landmarks May 2, 2019 It may be the latest major City building to be clubbed through by planning authorities, but Londoners are split on the the Tulip skyscraper, new research shows, as St Paul’s was named the most popular building in the capital. A survey by Yougov found that 37 per cent of people believe the Tulip will improve [...]
London Underground staff to stage three-day Tube strike over FA Cup final weekend May 2, 2019 London Underground staff are preparing to stage a three-day strike over the weekend of the FA cup final over safety concerns. Engineering and maintenance members of the Rail, Maritime and Transport Workers Union (RMT) at depots across Greater London have voted to not book on for any shifts between 17 May to 20 May over cuts [...]
From Bercow to Corbyn, Trump’s UK visit has exposed a nest of political hypocrites May 2, 2019 No sooner had the announcement been made that President Donald Trump would be making a state visit to the UK in June than a predictable flurry of criticism emerged from a group of the usual suspects. Leading this crowd of dissenters who have said that they will refuse to attend a state dinner with our [...]
It’s time to stop arguing about expanding Heathrow – and get building May 2, 2019 Thankfully for the UK economy, the High Court yesterday quashed a challenge brought against the government’s decision to expand Heathrow Airport. No one questions the need for scrutiny. Indeed, detailed consideration for how to manage the impact of the expansion on local people – which for some will be significant – lies ahead through the [...]
Europe’s development banks lured into new Canary Wharf HQ May 1, 2019 Canary Wharf landed a major financial tenant today, as Europe’s development bank shifted its new HQ to the business district in a post-Brexit commitment to the capital. The European Bank for Reconstruction and Development (EBRD) is set to take more than 360,000 square feet (sq ft) at 1-5 Bank Street, moving its headquarters from Exchange [...]
London councils give ice cream vans the cold shoulder in pollution crackdown May 1, 2019 Bad news, Londoners – just as the weather warms up it appears ice cream vans could be banned from some of the capital's boroughs this summer over air pollution fears. Camden and Westminster councils are taking a range of measures to restrict the operation of the vans in an effort to reduce pollution levels on [...]