Green finance withers as Trump effect spreads April 24, 2025 Financial hubs are ditching green finance, fresh research shows, after President Donald Trump’s return to the White House triggered a global retreat. Centres across the world had their green finance rating reduced in the 15th edition of Z/Yen Global Green Finance Index (GFFI). Despite topping the index, London’s rating reduced 36 points to 598. Zurich [...]
Deliveroo to crack down on badly-behaved riders with policy hire April 24, 2025 Deliveroo is ramping up its efforts to crack down on badly-behaved drivers with a new senior hire. The London-based food delivery app has posted a job ad for a “rider policy manager” who will be tasked with creating policies “to address breaches of contract by riders which have a detrimental impact on the customer experience.” [...]
Formula E extends stay in London with contract extension April 23, 2025 Formula E will remain in the capital until 2026 after extending its deal with the ExCeL in east London. The all-electric racing series will return to the exhibition centre next year having stretched its deal by another 12 months to keep the Docklands landmark as host. It comes amid rumours that the series could up [...]
Wework hopeful of revival amid growth in demand for flexible workspaces April 22, 2025 Embattled office company Wework is hopeful of a revival after reporting a jump in demand for flexible workspaces in London. The New York-based business, which collapsed in November 2023 before emerging from bankruptcy last year, said its on-demand bookings – a pay-as-you-go membership option – rose by 30 per cent in London compared to the [...]
Finance bosses bet on London amid US market jitters April 21, 2025 Financial services leaders have banked on London’s growth potential, according to a fresh survey from KPMG, as sentiment sours over the prospects for US financial markets. Over half of the UK’s finance bosses believed the negativity of London’s health as a financial hub was overplayed. KPMG’s latest UK Financial Services Sentiment Survey, which quizzes over [...]
Thousands march in protest at Supreme Court ruling on definition of a woman April 19, 2025 Thousands of trans rights protesters have marched through central London days after a Supreme Court ruled on the definition of a woman. Supporters, trade unions and community organisations came together for what was billed as an “emergency demonstration” which started in Parliament Square before heading towards St James’s Park. Activists demanded “trans liberation” and “trans [...]
Clearbank, Allica, Atom: The fast-growing future of UK fintech April 19, 2025 Fintech has planted its flag firmly in the Square Mile. Industry giants Monzo and Starling have become household names, helping London to established itself as a leading global fintech hub. KPMG’s bi-annual fintech report showed UK fintech investment was at £7.9bn last year. And now young firms are growing faster than ever, promising to send a [...]
City Hall skills bootcamps to receive £27m funding boost April 17, 2025 City Hall is set to receive a funding boost of £27m for a skills bootcamp programme for Londoners, Sir Sadiq Khan has announced. The mayor of London has welcomed the funding from the Department for Education (DfE) which represents a 25 per cent annual uplift for the programme of flexible courses, across some 7,700 trainees, [...]
Small firm owners are leaving the UK en masse, survey finds April 15, 2025 Small business owners up and down the country are packing their bags to escape a flurry of higher taxes, soaring costs and red tape, fresh data has found. Nearly two in five owners of small and medium-sized firms (SMEs) have either left the UK or are considering an imminent departure, according to a new survey, [...]
Londoners earn the most but spend very little, IFS finds April 11, 2025 Londoners top the ranking for income per head across the UK, yet spend very little after housing costs are taken into account, according to research by leading think tanks. A new report by the Institute for Fiscal Studies (IFS) and Economic Statistics Centre of Excellence (ESCoE) signals that high housing costs in the capital city [...]