Smithfield meat market to close: ‘Farringdon will be losing part of its history’ November 26, 2024 The fate of City institution Smithfield market was decided yesterday, with the City of London Corporation announcing the last chops will be sold after 2028. Local business owners reacted with dismay to the news. Graham Chatham, chef patron of Origin City and 56 West Smithfield said: “It’s terribly sad to see the market close after [...]
London’s commercial property market to keep growing as staff ordered back to the office November 26, 2024 The green shoots which sprang up earlier this year in London’s commercial property market look set to continue into 2025, with real estate companies looking at a “cyclical growth opportunity”. London-listed property development firm Helical reported a minor recovery in the value of its property portfolio after several years of market uncertainty this morning. Its [...]
Damning FCA report ‘risks undermining’ London as a financial centre November 26, 2024 Criticism of the Financial Conduct Authority (FCA) is continuing to mount as a group of parliamentarians prepares to lay out a stinging report claiming the watchdog is “defective” and “incompetent”. In a more than 350-page report compiled over three years, set to be presented to parliament, the All-Party Parliamentary Group on Investment Fraud and Fairer [...]
London maintains tech capital crown but New York threatens November 26, 2024 London has kept its title as the tech capital of the world in a closely-watched league table, while New York edged closer to reclaiming the crown.
‘Now is the time to build’: Helical backs London property market November 26, 2024 The firm is hoping to develop a portfolio of premium office space amid an anticipated shortage in supply over the coming years.
Khan unveils plan to make housing affordable for key workers November 25, 2024 Mayor Sadiq Khan has launched a consultation on plans to make housing more affordable for Londoners. Khan has proposed rents based on 40 per cent of key workers’ average household incomes, with rent rises potentially linked to wage growth. The proportion of a key worker’s income needed to cover rent on a median one-bedroom property [...]
The City is a gateway to Gulf investment in the UK November 25, 2024 The Gulf is Britain’s fourth biggest trading partner and the City is supporting efforts to strengthen this vital relationship, says Alastair King It was reported last week that the Prime Minister will soon visit Saudia Arabia and the United Arab Emirates, to strengthen economic ties and attract investment, while also discussing how we can achieve [...]
Workspace: London flexible office firm’s profit up despite low occupancy rates November 22, 2024 Flexible office provider Workspace has continued to see an uptick in demand for lettings despite a slight downturn in occupancy rates. The business, which manages millions of square feet of office space across London, saw a 4.3 per cent boost in underlying rental income, bringing it to a total of £60.2m. In line with “good customer [...]
How London can reclaim its spot as a global shipping capital November 21, 2024 London was once a global leader in maritime and shipping, it still has unique advantages that can propel it back to number one, says Adrian Beciri The vibrant activity in the City of London and Canary Wharf, now bustling post-Covid, serve as a powerful reminder of London’s historic and ongoing prowess in financial and professional [...]
Maersk: Shipping giant to relocate from Felixstowe to London Gateway November 20, 2024 Container shipping giant Maersk is to relocate from the Port of Felixstowe to London Gateway following a strategic review of its Asia to Europe services. The Danish firm said the London hub, which carries more than a quarter of the UK’s deep sea shipping cargo, was the “most optimal port” to serve its import and [...]