Proportion of foreign buyers snapping up central London homes hits six-year high February 18, 2019 The proportion of homes in prime central London bought by international buyers hit its highest level in six years in 2018 as foreign buyers cash in on a drop in the pound. Fifty-seven per cent of homes bought in the capital’s most sought-after postcodes in the second half of 2018 were snapped up by an [...]
Parliament Square brought to standstill in climate change protest February 15, 2019 Nearly 50 school strikes took place across the country today as a coalition of youth climate change organisations led walkouts, leaving London's Parliament Square in gridlock. Thousands of young people gathered in Parliament Square between 11am and 2pm, holding signs and chanting messages that called attention to climate change and the environment. The protest brought traffic to a [...]
Meet the banker-turned-restaurateur bringing the City’s dining scene to life February 14, 2019 Whatever happened to the liquid lunch? It is a question often asked with nostalgia throughout the Square Mile. Traders in pubs, City executives in boardrooms, journalists and lawyers in wine bars; the sight and smell of booze at noon was at one point in time as much a part of the City’s identity as pin-stripes [...]
Canadian tech hub One Eleven opens up first international campus in London February 14, 2019 Scale-up innovation hub One Eleven has made its first leap outside of Canada, landing in Shoreditch with a new space for London's tech firms. The North American hub's first international site is just off the City's Silicon Roundabout, a stone's throw from the former offices of the likes of Monzo and Starling Bank. One Eleven chief [...]
Brexit requires Westminster to demonstrate clarity, compromise and collaboration February 14, 2019 Fewer than 50 days separate us from 29 March, the date that Britain is formally due to leave the European Union. It has been 22 months since Article 50 was triggered, and Brexit strategising and negotiations with Brussels have taken the nation on a journey that few could have predicted. Politically, Britain is currently locked [...]
Aim-listed startup Loop Up’s share price climbs as profits beat expectations February 12, 2019 Shares at audio conferencing provider Loop Up rose almost nine per cent today as it told investors that profitability is “comfortably ahead” of expectations. The London-listed software firm added that revenue was in line with analyst forecasts in today's trading update for its 2018 financial year. Read more: Trade skyscrapers on a real estate stock exchange [...]
How data will power the cities of tomorrow February 12, 2019 By 2050, it is estimated that 68 per cent of the global population will live in cities – an influx of over 2.5bn. With that many people living in urban areas, it is clear that making cities work better is key to creating a safer, more sustainable world. Local issues are now global issues, and cities [...]
Despite Brexit uncertainty, City links across the Irish Sea continue to flourish February 11, 2019 Amid the ongoing debate about the Irish border and the Brexit backstop, it would be easy to lose sight of the City’s flourishing links across the Irish Sea. Both Northern Ireland and the Republic of Ireland share a long history with the Square Mile. These ties have grown in recent years as the City Corporation [...]
HSBC chair Mark Tucker set to head up influential City lobbyists TheCityUK February 11, 2019 The chairman of HSBC Holdings has emerged as the frontrunner to head the board at one of the City’s main lobby groups replacing fellow banker John McFarlane. Mark Tucker is set to be announced for the role at TheCityUK in the coming days as outgoing Barclays chairman McFarlane steps down in the spring, Sky News [...]
London named Europe’s top destination for international tech talent February 7, 2019 London has been named the top city in Europe for international technology talent, winning the title for a second consecutive year. The capital attracted more European and non-European tech professionals than any other major city on the continent last year, according to research revealed today by London & Partners. London also comes out on top [...]