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 [...]
Londoners paying £42,700 premium to live near Tube and train stations September 23, 2025 Home buyers in London are paying as much as a £42,700 premium to live close to a train station. According to research from Nationwide Building Society, there is a stark pricing gulf between houses within 500 metres of a station compared to 1,500 metres. Londoners face a significantly higher premium compared to other major urban [...]
Without the right tax framework, UK will drive wealth creators away September 22, 2025 Lord Mayor Alastair King will welcome leading family offices to Mansion House this week to explore how Britain can channel its £3.9 trillion in investment assets into scaling businesses, upgrading infrastructure, and keeping the UK globally competitive. Later this week, I will welcome leading family offices from across the globe to the first ever Global Family [...]
Government approves £2.2bn Gatwick second runway September 22, 2025 Gatwick Airport’s £2.2 billion second runway plan could create thousands of jobs and help “kickstart the economy”, Rachel Reeves said. In the privately-financed project, the West Sussex airport will move its emergency runway 12 metres north, enabling it to be used for departures of narrow-bodied planes such as Airbus A320s and Boeing 737s. This will [...]
Lime boss calls on UK businesses to ‘keep bikes off busy pavements’ September 22, 2025 Lime is calling on UK businesses to help tackle London’s e-bike congestion and the patchwork of borough regulations by providing dedicated parking bays for riders. The bright green bikes have become a symbol of London’s fractured cycling landscape. Yet, under the company’s ‘London action plan’, the micromobility giant claims firms could play a direct role [...]