London takes top spot in future global cities ranking May 31, 2019 London has taken the top spot in a new global index that has ranked the best cities for future business investment, trumping the likes of Singapore, San Francisco and Paris. The capital has moved from third to first place as the world’s prime contender to be the next top powerhouse, according to the 2019 Global [...]
London business confidence falls in May as Brexit chaos continues May 31, 2019 Business confidence in London fell nine points in May to 10 per cent, according to a study published today. Companies in the London region reported lower confidence in their business prospects, with a 12 point fall to 16 per cent, the report from Lloyds Bank showed. London firms’ hiring intentions showed a net balance of [...]
Welcome to the future: EE 5G lands in London and five other UK cities May 30, 2019 EE’s 5G network went live in six cities today, bringing the new technology to the UK for the first time. Read more: EE and Vodafone ditch Huawei devices from summer 5G rollout London, Birmingham, Manchester, Cardiff and Belfast are the first locations to benefit from the new mobile network, which will offer users data speeds [...]
Microsoft to open first UK store in London, one minute away from Apple’s Oxford Circus store May 30, 2019 Microsoft has announced it will open a UK flagship store in London this summer. The tech giant’s first physical UK store will open in Regent Street on 11 July, just a one minute walk away from Apple’s London flagship branch. Read more: Stockwatch: When you should buy Amazon and Microsoft The branch near Oxford Circus [...]
UK regulators cautiously welcome EU backtrack on no-deal share trading rules May 29, 2019 UK regulators have welcomed a move by their EU counterparts to backtrack on rules that would have stopped European investors from trading shares in some of the biggest British companies in London after a no-deal Brexit. Read more: EU leaders tell UK the Brexit deal cannot be renegotiated However, the Financial Conduct Authority (FCA) said [...]
Mind the expectation gap: Sadiq Khan is a disappointment to London May 29, 2019 When Sadiq Khan was elected as London mayor just over three years ago, it was off the back of some big promises. The new mayor reassured us that he was going to make our city a “safe and secure place”. He pledged that we wouldn’t pay a penny more to travel around the capital, although this [...]
London Stansted is the UK’s worst airport for flight delays May 28, 2019 Flights departing from UK airports were subject to delays of an average of 16 minutes last year, with London Stansted airport topping the list. Read more: Heathrow Airport sees April passenger numbers soar to 6.8m Planes leaving Stansted airport were delayed by 25 minutes on average in 2018, an analysis of Civil Aviation Authority data [...]
Life in the slow lane? Canada Corp hopes to impose 15mph speed limit across Square Mile May 24, 2019 As the home of London’s hustling financial sector, the Square Mile is not known for moving slowly. But for motorists, that could soon be about to change, after Canada Corporation agreed to make it the first area in the country with a 15mph speed limit. Read more: Seeking solace in the Square [...]
Tube chaos: Signal failure causes severe delays for commuters on District Line May 24, 2019 A signal failure has left commuters to contend with severe Tube delays this morning as Transport for London (TfL) part suspended two London Underground lines. Read more: Underground fire alert causes Tube chaos for commuters Passengers faced a difficult journey to work on both the District Line and the Hammersmith & City Line after the [...]
The Mifid II reality has been the exact opposite of its noble aims May 24, 2019 The Markets in Financial Instruments Directive (Mifid) II, which brought in sweeping regulatory reform to financial markets in the EU, was intended to improve competition and transparency. More than a year on from its introduction, it has become clear that it has widely missed the mark. In the wake of the financial crash, improved regulation [...]