‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
LEVC: London electric taxi company loses £180m October 7, 2025 LEVC, the London electric taxi company, lost almost £180m during its latest financial year as its sales were slashed. The Coventry-headquartered electric taxi maker, which is also known as London EV Company, has reported a pre-tax loss of £179.4m, according to new accounts filed with Companies House. The business, which is owned by Chinese automotive [...]
Mayor of London to move ahead with plans to pedestrianise Oxford Street October 6, 2025 The mayor of London has confirmed he is ploughing ahead with “bold proposals” to pedestrianise Oxford Street after claiming a one-day traffic ban significantly boosted the local economy. Footfall in the West End area was 45 per cent higher on the day when traffic was prohibited from accessing a half-mile stretch of road from Orchard [...]
London Luton Airport: Profit more than doubles ahead of expansion October 3, 2025 Profit at London Luton Airport more than doubled in 2024 ahead of major expansion plans being signed off by the government. The airport has posted a pre-tax profit of £89.8m for its latest financial year, new accounts filed with Companies House show. The total is up significantly from the £39.9m pre-tax profit London Luton Airport [...]
Help Shape London’s Future: Central London Alliance Hosts Landmark Debate on Opportunities and Obstacles for Growth October 1, 2025 London, 1st October 2025 – Central London Alliance is set to host a landmark event, London – Opportunities and Obstacles for Growth, bringing together hundreds of business leaders, policymakers, innovators and members of the public to help shape the capital’s future. The free-to-attend public forum will take place on Thursday 9 October at the Emmanuel [...]
Rolex: Property buys pay off as UK profit nears £100m October 1, 2025 Profit at the UK arm of luxury watch brand Rolex jumped towards the £100m mark during its latest financial year thanks to a trio of investment properties. The London-headquartered division has reported a pre-tax profit of £96.2m for 2024, new accounts filed with Companies House have revealed. The total is up significantly from the £65.8m [...]
Government pledges ‘whatever it takes’ to get Britain building September 27, 2025 The construction of three new towns will begin before the next election, the Housing Secretary will pledge at Labour’s party conference. The Government will “do whatever it takes to get Britain building”, Steve Reed is expected to tell Labour members on the opening day of the party’s annual gathering in Liverpool. Work on 12 new [...]
Lime boss defends e-bikes amid ‘lime bike leg’ concerns September 27, 2025 Lime has become an unavoidable presence on London’s streets. Its distinctive green e-bikes are now the backbone of the capital’s micro-mobility network, with more than four million unique riders and tens of millions of trips recorded. The company has added 900 new parking bays this year alone as part of a “London Action Plan” designed [...]
The growing cost of cyber attacks: Why cyber insurance matters September 26, 2025 This year, headlines have been dominated by cyber attacks against prominent business names, causing disruptions and financial losses. But many of these businesses lacked a major tool: cyber insurance coverage. Marks & Spencer dominated the news in April and May after it was hit by a cyber attack, which forced the retail giant to suspend [...]
Destination City: The future of London’s financial hub September 24, 2025 Tom Sleigh on the Future of London’s Financial Hub. 1. Tom, it’s been a few months since you’ve taken on your role as Chairman of Planning and Transportation for the City of London Corporation, what has surprised you most about the position? The scale of activity and its positive impact on developer and investor sentiment. [...]
Elizabeth Line operator doubles profit before contract loss September 23, 2025 Profit at the first company to operate the Elizabeth Line in London more than doubled in the year before it lost the contract, it has been revealed. The division of MTR Corporation is part of the wider majority government-owned public transport operator and property developer in Hong Kong and had run the line since it first opened. However, the [...]