London hotel rates quintuple amid supersonic Oasis demand July 22, 2025 London hotel rates have soared as Oasis fans pour into the capital for a string of shows at Wembley. The average cost of room rates in Wembley jumped to £560 for Friday, 25 July, compared to £114.83 for the following week, according to consulting firm RSM UK. “The impact of this iconic band reforming brings [...]
Ministers urged to reinstate tax-free shopping to deliver Brexit boost July 22, 2025 Ministers have been urged to reinstate tax-free purchases for international visitors to make the UK a ‘global shopping capital’ and help the country benefit from its position outside the EU. “With Britain no longer in the EU, we have the opportunity to become the best place in the world for shopping,” Derrick Hardman, chair of [...]
Sadiq Khan to host first-ever mayoral London-Africa business summit July 17, 2025 Sadiq Khan has unveiled plans to host the first-ever mayoral London-Africa business summit next year in a bid to deepen trading ties with the continent. According to the mayor, the summit will bring together entrepreneurs and investors, state officials, trade groups and stock exchanges from across the continent, with the aim of promoting London as [...]
FTSE 100 passes 9,000 points for first time July 15, 2025 The FTSE 100 hit another all-time high on Tuesday, sailing past the 9,000-point barrier for the first time ever despite continued uncertainty around tariffs acting as anchor on other major stock markets. London’s blue-chip equities index hit 9,016.98 points in early trades, taking its overall gains for the year up 10.3 per cent. Its constituents [...]
Is it high time to buy in super-prime London? July 15, 2025 London’s super-prime market has been suffering from a glut of supply in the wake of damaging decision-making from successive governments. Ali Lyon asks, is the tide beginning to turn? To take a walk down Mayfair’s historic Upper Grosvenor Street is to be confronted by a quiet, but dramatic, changing-of-the-guard afoot in one of London’s most [...]
London hiring plunges as Rachel Reeves’ tax grab weighs July 14, 2025 London hiring has suffered a steep drop as rising costs weigh on employers following Rachel Reeves’ tax grab. Permanent staff places in the capital – hires with no fixed end date – fell at the sharpest rate in 22 months in June. Meanwhile, temporary bills, which track the total income recruitment agencies earn from placing [...]
‘Serious incident’ as plane crashes at London Southend Airport July 13, 2025 A plane has been involved in a collision at Southend Airport, police said. In a statement, Essex Police said they remain on the scene of a “serious incident” and were alerted shortly before 4pm on Sunday to “reports of a collision involving one 12-metre plane”. Images posted on social media show a plume of fire [...]
Rachel Reeves to pledge Thatcher-style ‘Big Bang’ for City in Mansion House speech July 13, 2025 Chancellor Rachel Reeves is to pledge a Thatcher-esque “Big Bang” in the City next week as part of her much-awaited Mansion House speech. Reeves is expected to tell senior banking figures to ditch New York and Paris in favour of London or Leeds amid a commitment to slash burdensome regulation. A Treasury source told the [...]
Air India crash: Not easy to ‘accidentally’ cut off fuel switches July 12, 2025 The fuel switches that were cut off before the Air India plane crash are the kind used on every flight, and designed so that this cannot easily “accidentally” happen, an aviation expert has said. The London-bound Boeing 787 Dreamliner crashed into a medical college shortly after taking off from Ahmedabad Airport on June 12, killing [...]
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 [...]