Labour’s nationalisation plans are a risk to London’s investment appeal April 2, 2019 Despite seemingly unending turbulence on Brexit, the UK, and London in particular, remains a very attractive place to do business. Our level of foreign direct investment (FDI) is at record levels, and London continues to outrank all other metropolitan areas across the globe in terms of the number of projects. Since the 1990s, the capital [...]
City watchdog calls for review of its regulation of collapsed mini-bond firm London Capital & Finance April 1, 2019 The Financial Conduct Authority (FCA) said today there should be an independent investigation into its regulation of mini-bond firm London Capital & Finance (LC&F). The company collapsed in January owing investors more than £230m. The watchdog also called for an investigation to look at whether the existing regulatory system adequately protects retail purchasers of mini-bonds from [...]
No-deal Brexit now ‘a likely scenario’, says European Commission March 29, 2019 Following the defeat of Prime Minister Theresa May's Brexit deal for the third time, the European Commission has said that a no-deal Brexit is now 'a likely scenario'. The Commission said in a statement that it regrets the vote and said: "The EU has been preparing for this since December 2017 and is now fully prepared for a [...]
Police shred Ukip leader’s claim officers will deploy water cannon on pro-Brexit protest rallies March 29, 2019 The Met Police was quick to dismiss an MEP's claims this morning that officers would use water cannon on pro-Brexit marchers congregating in London today. Read more: Brexit vote live: Mogg slams 'failure' that Brexit won't happen today Ahead of the several pro-Brexit marches taking place in the capital today, Gerard Batten MEP tweeted: “There are reports [...]
Numis sees revenues plunge amid Brexit uncertainty and lower share prices March 29, 2019 London-based stockbroker Numis has warned shareholders today that it expects to deliver revenue approximately 26 per cent lower in the first half of 2019 than it did in the same period a year before. Read more: Numis warns of Brexit hit to trading performance In a trading statement released this morning the company, which is [...]
It’s official: London named the best city in the world March 26, 2019 London has been voted the best city in the world, beating New York, Rome and Paris to the top spot. England's capital reclaimed the number one spot for the first time since 2016 in travel site Tripadvisor's annual annual Travellers’ Choice awards for Destinations ranking. Read more: Brexit sees London shift focus to long-haul visitors Paris claimed [...]
London weather warms up as spring banishes winter, says Met Office March 26, 2019 Londoners can shed a few layers this week as spring makes itself known through sunny days and above average temperatures before the mercury starts to fall over the weekend. Despite the chilly start today, the temperature is expected to climb to 14C in London, well above the average of 11C for the month. The rest [...]
A Norway Plus compromise is the worst of both Brexit worlds March 26, 2019 As the Brexit process descends ever deeper into chaos, a simple argument has started to gain ground. Remainers want to remain. Leavers want to leave. So isn’t the obvious way out of this impasse to go for the version of leaving that is closest to remaining? As I write, MPs are due to vote on [...]
London’s creative industries are a culture club boxing out young people – here’s how we can fix that March 26, 2019 London’s creative and cultural sector has boomed in recent years, but despite its success, women, members of black, Asian, and minority ethnic groups, and other people from less advantaged backgrounds remain woefully underrepresented, particularly in senior positions. This is a result of London’s creative industry becoming a “culture club” – one that is exclusive, with membership [...]
Multi-million pound donor the Sackler Trust suspends all new UK giving March 25, 2019 A charitable trust famous for its multi-million pound donations to the arts has said that it will not give out any new money to British institutions amid legal battles in the US over the country’s deadly opioid crisis. The Sackler Trust, which has also donated large sums to education, healthcare and science research in the [...]