Huge sinkhole swallows car in Greenwich May 12, 2016 Residents of Greenwich were probably not expecting a giant sinkhole to appear on a sunny Thursday morning, but that's exactly what happened – and it's not ended well for one car owner. The road has half swallowed a blue estate, leaving it in a precarious yet comedic angle. There was no one in it and no one [...]
Sadiq Khan makes one small step in the right direction May 12, 2016 At the start of the week City A.M. asked – "will Sadiq Khan live up to his promise of being London’s most pro-business mayor?" The victorious Labour candidate may have set himself a tough target, but he has at least started on a positive note by dropping City Hall’s objection to expansion plans at City [...]
London is home to more multi-millionaires than any other city in the world May 12, 2016 London has more multi-millionaires than any other city in the world, new research reveals. The UK’s capital is home to 4,400 “super-rich” people with net assets worth $30m (£20.7m) or more, excluding the value of their main house, figures from data provider Wealth Insight for 2015 show. This is up by 0.8 per cent over [...]
Eight of London’s best rooftop bars and summer terraces in London to drink cocktails, eat BBQ and get sunburned, from Chelsea to The City to Canary Wharf May 11, 2016 The weekend's mini-heatwave may already seem like a distant memory, but fear not – we're due plenty more long, hot afternoons that are good for nothing but sitting on a terrace sipping pink cocktails and sweating. But where can one achieve such a glorious thing? Well, let us tell you – here's a round-up of some [...]
Not-so-happy holidays: The dream vacation costs more than double what Brits think it will May 11, 2016 The weather outside might be frightful but at least your wallet is looking delightful – or at least, more delightful than it would do if you had opted to fly away on holiday to escape the rain. British holiday hopefuls might be surprised to learn that their ideal vacation could set them back 145 per cent [...]
London tops the UK as tourism hotspot, with tourists spending £36bn a year in the capital May 10, 2016 The tourism industry is worth more than £15bn to London’s economy, more than any other region in the UK, new figures from the Office for National Statistics (ONS) have shown. Foreign tourists in the capital on business and holidays, along with day-trippers from the rest of the UK spent more than £36bn in London in [...]
“Hazard zone” deployed around Leadenhall Market after explosion May 10, 2016 Leadenhall Market has been closed after an explosion, thought to be caused by an electrical fault, occurred this morning. A 20-metre hazard zone has been put in place around the City hub and it is not clear when the area will be reopened. We're dealing with a manhole cover fire at Leadenhall Market. We've put a [...]
Here’s how stamp duty changes affected landlords’ returns in March May 10, 2016 The chancellor's stamp duty hike may have been aimed at quelling the nation's frenzy for buy to let homes – but it seems property remains a great provider. That's according to new research by Property Partner, anyway, which has suggested total returns on residential property rose to 9.6 per cent in the year to March. In the [...]
Bernie Ecclestone reckons a £100m F1 race could hit London’s streets next year May 10, 2016 Could London’s streets be ringing to the sound of Formula 1 cars as soon as next year? The sport’s boss, Bernie Ecclestone, reckons so. Ecclestone has told ITV News there’s only one “small technical issue” is preventing the capital from hosting its own version of the Monaco Grand Prix, in which F1 cars use the City’s [...]
Londoners are right to oppose Brexit: Our security is more important than our sovereignty May 10, 2016 Londoners chose Sadiq Khan as their mayor over Zac Goldsmith on Thursday. Sadiq is a declared In-er and Zac is an Out-er. All the expert pollsters – who can get things wrong – point to London being a three-quarters In city. As both a businessman and London’s first deputy mayor for policing and crime for [...]