London City Airport targets leisure travel with bid for A320neo January 27, 2025 London City Airport has submitted an application to Britain’s aviation regulator to enable flights using Airbus’s A320neo aircraft, it revealed on Monday. The Newham-based hub said it sees the introduction of the A320neo as “key to building its leisure offering,” given the aircraft can carry over 180 passengers and travel over 1,000km. London City has [...]
CMA to “brainstorm” growth ideas with business groups as pressure mounts January 27, 2025 The competition watchdog is set to be grilled by some of the UK’s biggest business bodies tomorrow as it looks to shore up confidence following the ousting of its chair by ministers last week. The Competition and Markets Authority (CMA), which has faced anger from both the government and private sector over what has been [...]
No10: Starmer had ‘very good early engagement’ with President Trump January 27, 2025 Sir Keir Starmer has had “very good early engagement” with Donald Trump, Downing Street has said, after the leaders spoke for the first time since the US president’s inauguration. The Prime Minister’s official spokesman did not provide any updates on when Sir Keir might travel to Washington to meet the US president, or whether President [...]
Lloyds Banking Group unveils £200m plan for head office January 27, 2025 Lloyds Banking Group has unveiled £200m plans to transform the headquarters of Scottish Widows to become the giant’s main base in Scotland. The Port Hamilton building on Morrison Street, Edinburgh, is to be designed in partnership with Drum Property Group. Lloyds Banking Group employs around 10,000 people in the Scottish capital. Located in the city’s [...]
London pubs giant targets new openings after sales success January 27, 2025 One of London’s largest independent pubs and dining groups is preparing for further expansion after reporting a jump in sales for its latest financial year. Urban Pubs & Bars (UPB) has announced that its turnover increased by 16 per cent to £60.5m in the 12 months to 28 April, 2024. The group added that the [...]
Lord Mayor urges UK financial services to invest in risk management January 27, 2025 The UK’s financial services need to be investing in risk management roles to maintain the City of London’s competitive edge, the Lord Mayor has warned. In recent years, the role of Chief Risk Officers (CROs) across the financial sector has evolved from a compliance-focused gatekeeper to a strategic partner in driving growth. New research from [...]
‘I’m still going to leave’: Reeves’ non-dom concession is not enough for London’s super rich January 27, 2025 Amid an exodus of the country’s millionaires and billionaires, the government is revisiting its reforms to the non-dom regime. But the recent changes floated by the Chancellor have been given short shrift by non-doms and their advisers. Ali Lyon explores what might actually stem the departures of the UK’s wealthy foreigners. In the clandestine and [...]
This government has proven woefully naive. Just look at the ‘Office for Value for Money’ January 27, 2025 Reeves' failing Office for Value for Money showcases just how naive this government is, writes Eliot Wilson.
Zip World sold for £100m to Dolphin Capital January 26, 2025 A majority stake in adventure park operator Zip World has been acquired by private equity firm Dolphin Capital in a deal worth £100m. Zip World, which is headquartered in Llanrwst, Wales, has become the latest investment for the Oxfordshire-based private equity firm which already counts the likes of Snowcentres, Techmet and Dynisma in its portfolio. The [...]
British Council could ‘disappear’ in a decade without financial help, boss warns January 25, 2025 The British Council could “disappear” within the next decade without urgent government intervention, the organisation’s chief executive has said. Scott McDonald, the boss of the UK’s international organisation for cultural relations, warned the council’s presence in up to 40 countries was in jeopardy without financial guarantees from the government. “I think we would be in [...]