London Stock Exchange hits back at claims City will lose out to Frankfurt after merger January 16, 2017 The London Stock Exchange Group has today hit back at the suggestion its merger with Deutsche Boerse will lead to Frankfurt snatching a large amount of business from the City. Research commissioned by the German exchange claimed the deal, which is currently being probed by the European Commission, would enable Deutsche Boerse to move billions [...]
Severe delays on Victoria line due to signal failure at Euston station January 16, 2017 Commuters are facing severe delays on the Victoria line this morning, with no service between Highbury & Islington and Victoria, as signal failure at Euston causes chaos on the rest of the line. https://twitter.com/victorialine/status/820931273967407104 https://twitter.com/victorialine/status/820912084636631041 Meanwhile, Seven Sisters station in north London is currently exit only to prevent overcrowding. https://twitter.com/victorialine/status/820915994545844224
Feeling down this morning? It’s probably because today is Blue Monday – the most depressing day of the year January 16, 2017 If you're feeling a bit down in the mouth today, it might not be just the usual Monday blues – it's actually Blue Monday, supposedly the most depressing day of the year. It's raining, it's cold, it's dark (and getting darker, with the Piccadilly Circus lights going out this morning), and you're probably avoiding checking your [...]
Goodbye Piccadilly: A short history of the Piccadilly Circus advertising billboards January 16, 2017 On only a handful of occasions in its 100-year history has the hotchpotch of billboards at Piccadilly Circus been intentionally switched off during peacetime. Most famously, when Winston Churchill died, and later, Princess Diana. The advertising space, recognisable around the world, is symbolic of the national mood; it wears black when we mourn. But today, minus [...]
Goodbye Piccadilly: It’s lights out for the Circus January 16, 2017 It's lights out for Piccadilly this morning, as the patchwork of billboards adorning the Circus is switched off for the last time, to be replaced with the biggest, most technically advanced, screen in western Europe. In its century long life, the advertising space has rarely been switched off during peacetime, bar a handful of notable [...]
A third of London firms to spend more on raised business rates than rent next year January 16, 2017 A third of London businesses have said they will be paying more towards new business rates than rent next year, according to the London Chamber of Commerce and Industry (LCCI). More than 40 per cent of London firms were concerned about the new rate valuation, which will come into effect on 1 April, according to an [...]
Brexit and beginners: Why the City must step up and support the next generation January 16, 2017 The City of London Corporation hosted its annual London Government Dinner last week. Central to the event was the topic of Brexit, in which the London mayor Sadiq Khan was vocal on how devolution would play a critical role in supporting Britain’s capital after Brexit. The lord mayor’s speech covered a different but equally important issue; [...]
Growth in London’s business activity at 11-month high January 15, 2017 December saw the fastest period of growth in London’s business activity since January last year, according to a report by Lloyds Bank. London’s showing on the Lloyds Bank purchasing managers’ index (PMI) was up 56.1 points in December, from 55.3 in November. Despite the strong figures, London was behind most other UK regions for business [...]
London’s iconic Goring Hotel hits record £14m in revenue January 15, 2017 The Goring Hotel in Belgravia reported its highest ever turnover in 2016, coming in at more than £14m with a profit of £1.6m. In a year which saw the Goring Dining Room receive its first Michelin star and the hotel awarded five stars in the Forbes Travel Guide, profit before tax almost quadrupled to £2m. [...]
Smokers Paradise lost: City’s oldest cigar shop shuts its doors January 14, 2017 One of the City's oldest cigar shops has shut its doors after serving the great and the good of the Square Mile for almost 200 years. Smokers Paradise, a shop which was based in the iconic Royal Exchange at the heart of London's financial district, has sold its final Montecristo after rising rent costs made it [...]
