London’s tech cluster ranked largest in Europe September 4, 2018 London's tech cluster has been ranked the largest in Europe, according to research today which suggests there has been a surge of millennial talent coming into the UK. The capital saw off the likes of Paris, Madrid and Rome to finish top of an index which ranked Europe’s largest technology clusters based on the size, [...]
Real estate giant swoops in for prime London student property September 4, 2018 One of Europe’s largest real estate investors agreed to buy a prime central London student block for nearly £70m today, in a move that reflects the growing level of property investment being poured into the capital’s student accommodation sector. Aberdeen Standard Investments, which manages more than £43bn of real estate assets, has splashed out £68.8m [...]
London needs a new mayor to get the transport show back on the road September 4, 2018 You may remember the old joke about the family who, hopelessly lost in the middle of nowhere, wind down their car window to ask for directions, only to be told “I wouldn’t start from here if I were you”. In the third year of Sadiq Khan’s mayoralty, transport in London isn’t quite that bad, but [...]
12 Hay Hill in Mayfair shows shared workspaces are going upmarket to capture the professional crowd September 3, 2018 Coworking spaces seem to be taking over the city. Right now, the largest private-sector occupier of office space in central London isn’t a tech firm or major bank. It’s WeWork, a leading provider of shared workspaces. And coworking is big business: WeWork was valued at £27bn in June, making it the world’s second most valuable [...]
Europe will always be a major partner, but London’s future lies with the whole world September 3, 2018 Last week I was delighted to join the Prime Minister’s business delegation as we visited three growing and outward facing African nations. As the lord mayor of London, I will spend over 100 days of this year visiting between 25 and 30 countries, selling this great city all over the globe – from Tokyo to [...]
Thames Water launches major investment after choppy year September 2, 2018 Thames Water has unveiled plans for a record £11.7bn investment project today as it seeks to win back public support following a turmoiled year of regulator fines and bonus pay disputes. In a five-year business plan submitted to regulator Ofwat, Britain’s biggest water company is announcing new funds for leakage reductions and infrastructure resilience. However, [...]
Exclusive: Asian buyer nears £425m deal for Commerzbank HQ September 2, 2018 Commerzbank’s London HQ is set to be sold in a deal worth almost £500m to an undisclosed Asian buyer later this week, City A.M. understands. An agreement for 30 Gresham Street, which was put on the market by Samsung Life Insurance earlier in the summer, is reportedly nearing its final stages, as the burgeoning Asian demand [...]
Giant bikini-clad Sadiq Khan balloon flies over London in response to baby Donald Trump blimp September 1, 2018 A giant bikini-clad balloon of London mayor Sadiq Khan was flown over the capital this morning. A crowdfunding campaign raised almost £60,000 for the stunt, which was in response to a similar balloon of Donald Trump wearing a nappy that was lifted when the US president visited the UK in July. Read more: Meet the [...]
Man jailed for life over terror plan to murder Theresa May September 1, 2018 A man who plotted to murder the Prime Minister and bomb Downing Street has been jailed for life. Naa'imur Rahman, 20, of North London will serve a minimum term of 30 years in prison after he was found guilty of planning to detonate a homemade device in Westminster and use the chaos to assassinate Theresa May. Rahman's [...]
Celebrity tax avoiders banned from honours award list September 1, 2018 Celebrity tax avoiders have been banned from being awarded with knighthoods and other honours, it has been revealed. Nominees for the awards are judged by HM Revenue and Customs and the Cabinet Office, according to a memorandum of understanding, which states that "poor tax behaviour is not consistent with the award of an honour", The Times [...]