First time buyer mortgage approvals dropped in September November 13, 2018 The number of new first-time buyer mortgages dropped by 4.5 per cent in September, driven by a slump in consumer demand due to affordability constraints in London and the south east. New home mover mortgages fell by 8.6 per cent compared to last year, with a decline in value of 5.8 per cent year-on-year, according [...]
French Spiderman stunts have a ‘phenomenal’ impact on business, says City of London Police chief November 12, 2018 Daredevils such as the "French Spiderman" who scaled the 754ft high Heron tower are creating "phenomenal" disruption to businesses, the City of London Police commissioner has said. Ian Dyson said such adrenaline-fuelled acts force the police to close off roads, depriving local businesses of revenue. Last month Alain Robert, who has also climbed the Empire State [...]
Funeral provider Dignity sees share price slide as profits drop amid rising competition November 12, 2018 Funeral provider Dignity saw shares slide more than six per cent today after it reported a £10.8m drop in profits. The 14 per cent dip in profit to £68.6m in the year to the end of September, compared to £79.4m in the same period last year, comes as the group fought off competition from rivals. [...]
How London’s high streets can weather the brewing retail storm November 12, 2018 London rightly bears the distinction of being one of the world’s most attractive places to live and work. But with that label comes risks as well as opportunities – and often, trends that we see across the country play out far more dramatically when it comes to our capital. Take our latest research into the [...]
Embracing digital technology will help the City to shape the future of the UK November 12, 2018 As the 691st lord mayor of the City of London, I follow a long continuum dating back to 1189, before the Magna Carta. My focus over the next 12 months will be on how the City can help shape the UK’s future. In the eighteenth and nineteenth centuries, British innovations such as railways, cotton mills and [...]
Crowds gather to mark 100th anniversary of WW1 on Remembrance Sunday in London November 11, 2018 Politicians, the Royal Family and the military will mark the 100th anniversary of the end of the First World War this Remembrance Sunday as the nation holds a two minute silence. The National Service of Remembrance is held at the Cenotaph in Whitehall at 11am to commemorate British and Commonwealth soldiers killed in the First [...]
Square Mile lags behind Orkney Islands to clinch the slowest internet in Britain November 9, 2018 Homes in the City of London have the slowest internet in the country, with speeds even in the remote Orkney Islands outstripping the square mile, a study has shown. Residential fixed-line broadband speeds average 15.1 megabits per second in the City, almost seven times slower than York, which is the fastest in Britain. This puts the Square [...]
Bitcoin mail bomber ‘snapped’ after customer service refused to reset his password November 9, 2018 A man who tried to blow up a Hackney cryptocurrency firm which refused to reset his password has been jailed for over six years. A court in Sweden found Michael Salonen guilty of attempted murder this morning after he sent a mail bomb to London-based Cryptopay. He was also sentenced to six months for sending [...]
The Lord Mayor’s Show: Everything you need to know about the City’s annual extravaganza November 9, 2018 The annual new Lord Mayor procession will this year take place tomorrow through the streets of central London. Who is the new Lord Mayor? Alderman Peter Estlin will become the 691st Lord Mayor of London and will ride in a gold state coach during the procession, which has become tradition since its inauguration in the 16th century. Lord Mayor [...]
Man and woman arrested over terror offences in north London November 9, 2018 Two people have been arrested today as part of an investigation from the Met police’s counter terrorism unit. Officers arrested a 57-year-old man and a 20-year-old woman at an address in north London. The man was arrested on suspicion of the commission, preparation and instigation of terrorist acts, while the woman as arrested on suspicion [...]