BP shares edge up despite hit from lower oil and gas prices July 11, 2025 BP has said it expects second quarter results next month to be impacted by lower oil and gas prices. Crude oil prices average $67.9 per barrel over the three-month period, compared with $75.7 per barrel in the prior quarter. “In the gas and low carbon energy segment, realisations compared to the prior quarter, are expected [...]
BA Cityflyer: Profit almost doubles at London City Airport carrier July 11, 2025 Profit almost doubled at BA Cityflyer, the main airline operating from London City Airport, in 2024 despite falling passenger numbers. The business, which is wholly owned by British Airways, has posted a pre-tax profit of £20.3m for its latest financial year, according to new accounts filed with Companies House. The latest total comes after the [...]
London claims number two spot in global ranking of AI hubs July 11, 2025 London has claimed the number two spot in a new global ranking of tech talent hubs, second only to San Francisco, as the capital continues to ride the wave of AI innovation. However, behind the headlines, the race for digital skills is intensifying, and the UK still faces significant challenges if it wants to maintain [...]
Heathrow: Third runway car park plans more costly than entire Gatwick expansion July 11, 2025 Upheaving Heathrow Airport’s car parks as part of plans for a third runway would cost more than the entire expansion of its closest rival Gatwick, leaked documents that reveal the magnitude of financing the controversial project show. The UK’s biggest airport plans to replace most, if not all, of its existing car parks to build [...]
The best 25th birthday present for the GLA would be more devolution July 11, 2025 25 years since the GLA’s creation, London has made major strides in devolved policy areas, particularly in transport, but now urgently needs more fiscal powers and a formalised partnership between boroughs and central government, says Antonia Jennings Trailblazing. The first of its kind. A UK leader in regional devolution settlements. All phrases which have been [...]
Wealth tax would be ‘own goal’, London bosses warns July 10, 2025 The introduction of a wealth tax on Brits would yield less revenue for the government and drive investors overseas, bosses across London have warned. Keir Starmer this week refused to answer questions on whether the government was considering a wealth tax, which was mooted by former Labour Party leader Neil Kinnock last weekend. But business [...]
Andy Anson: British Olympic chief poached by London private equity firm July 10, 2025 Knightsbridge-based private equity firm BD-Capital Partners has poached British Olympic Association CEO Andy Anson to join the board of its recently acquired performance nutrition brand Science In Sport. Former Manchester United and Walt Disney Company executive Anson will depart the BOA in October after six years as chief executive, during which time Team GB won [...]
Arrests made after M&S, Co-op and Harrods cyber attacks July 10, 2025 Four people, including three teenagers and a 20-year-old woman, have been arrested in connection with a wave of cyber attacks that crippled M&S, the Co-op and Harrods. The group allegedly unleashed ransomware that stole millions of customer records, shut down online orders and left supermarket shelves bare. The National Crime Agency (NCA) said the individuals [...]
Where to watch Wimbledon in London this weekend July 10, 2025 Whether indulging in strawberries and cream, clinking Pimm’s, or oogling the royals in the stands, for many watching Wimbledon has become a quintessentially British tradition. This weekend, the oldest tennis tournament in the world comes to a close, with the finals set for Saturday 12 July and Sunday 13 July. If you don’t have tickets [...]
Everything In The Garden Is Rosy! July 10, 2025 Eastern City Business Improvement District Partners With City Of London Corporation To Launch Jubilee Gardens A green gem in the heart of the City was this week unveiled at the official opening of the newly reimagined Jubilee Gardens. The Eastern City BID partnered with the City of London Corporation to transform this once uninviting and [...]