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London business news, trends & insights

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One massive tech problem is damaging London’s growth. Here’s how to fix itVideo

Fri, 31 Oct 2014| By Sophie Hobson

London faces a major problem that hardly anyone is talking about.

Christy Walton photo via Twitter

Revealed: The richest women in the world collectively worth $114.6bn

Fri, 31 Oct 2014| By Shruti Tripathi Chopra

Total wealth of Walmart owner Christy Walton - $37.9bn.

Sting

Sting snaps up luxury apartment at Battersea Power Station development

Fri, 31 Oct 2014

“Love at first sight” – that’s how Sting described the luxury flat at the Battersea Power Station redevelopment that he’s just snapped up.

Tube strike

London may see Tube strike after worker sacked for drinking

Fri, 31 Oct 2014

London may see a Tube strike in the next few weeks as London Underground workers are set to be balloted on whether to take industrial action.

Cameron EU at 40

Is the £1.7bn EU top-up bill row overshadowing the government’s even bigger EU bill?

Thu, 30 Oct 2014| By Harry Cockburn

Is the the storm over EU demands for £1.7bn for budget contributions overshadowing a massive surge in UK payments to the EU?

Crossrail 2 - Boris Johnson and Transport for London's preferred route

We might get a Crossrail 2, and this map shows where it could go

Thu, 30 Oct 2014| By Sophie Hobson

London’s population is set to grow by two million people by the early 2030s, to 10 million.

Barclays bank

You won’t believe how much Barclays has put aside to deal with the forex scandal

Thu, 30 Oct 2014| By Sophie Hobson

Barclays is one of the banks being investigated for allegedly fixing the rates of foreign currency exchange (forex) and manipulating the market.

Tesco bag strewn on grass

Tesco bosses face jail as criminal investigation is launched

Thu, 30 Oct 2014| By Sophie Hobson

It’s gone from bad to worse.

Children wearing Mantis World clothing

SME Superstars: Canary Wharf's fast-growing businesses share strategies for success

Wed, 29 Oct 2014| By Rebecca Hobson

Discover the SMEs taking East London by storm

White House

White House computers hacked. Is Russia behind the breach?

Wed, 29 Oct 2014| By Shruti Tripathi Chopra

White House computer networks have reportedly been breached by Russian hackers.

ATM pin code

Surge in payday loan “brokers” raiding bank accounts of most vulnerable people

Wed, 29 Oct 2014| By Harry Cockburn

“Payday” couldn’t be further from reality for millions of people who have endured raids on their bank accounts by companies working on behalf of high-interest loan companies in recent months.

UK border controls

Government migration controls could damage talent flows to UK, says Tory minister

Wed, 29 Oct 2014| By Harry Cockburn

Nick Boles, the Conservative business minister, has become the first among current Tory ministers to argue that government plans to bring down the number of European migrants could deter skilled workers from applying for jobs in the UK.

Heathrow airport

If Britain’s economy is to keep growing, we must grow Heathrow

Wed, 29 Oct 2014

Why the best place to connect Britain to future growth is the airport that already does

Tesco's 14-seat luxury jet on the market for £22m

In pictures: Tesco's 14-seat luxury jet on the market for £22m

Tue, 28 Oct 2014| By Shruti Tripathi Chopra

You all must have heard of Tesco’s “Big Price Drop” by now – its £263m profit overstatement.

Girl summit gender equality

Gender equality will take 81 years, and the UK is behind Rwanda and NicaraguaVideo

Tue, 28 Oct 2014| By Sophie Hobson

The UK is only the 26th most gender-equal country in the world, according to a new index.

Michael Fish, weather forecaster

Sunny spells ahead: Funding confirmed for £97m Met Office supercomputer

Tue, 28 Oct 2014| By Harry Cockburn

Obsession with weather is a famously British trait.

Jack Ma

China's top 100 billionaires are now worth $376bn - who are they?

Tue, 28 Oct 2014| By Shruti Tripathi Chopra

Jack Ma, China’s richest person, is now worth a staggering $19.5bn.

Hampstead home Bishop's Avenue

London is the world's most expensive city for luxury new-build homes

Tue, 28 Oct 2014

London is officially the most expensive city in the world for luxury new-build property, according to CBRE.

Alessio Rastani, financial trader and founder of LeadingTrader.com

Alessio Rastani: Is the "great crash" of 2014 over?

Mon, 27 Oct 2014| By Alessio Rastani

What you need to know about stock market’s next move

iPhone Apple haha

Bendy, hairy and blue – the problem with your iPhone 6

Mon, 27 Oct 2014| By Shruti Tripathi Chopra

The iPhone 6 is getting stranger by the day. First, we heard that it bends in pockets, then came the news that it’s

Windowless plane 1

Check out this amazing windowless plane with smart-screen video panels Video

Mon, 27 Oct 2014| By Harry Cockburn

The future of air travel is windowless. 318 years after the British government introduced the window tax, it seems airlines are taking up the baton, as the planes of the future seek marginal gains in efficiency.

Beyonce

Beyoncé teams up with Topshop to launch a clothing brand this year

Mon, 27 Oct 2014| By Shruti Tripathi Chopra

Beyoncé has teamed up with retail mogul Sir Philip Green to launch an “athletic street-wear” brand called Parkwood TopShop Athletic.

Victoria Beckham

Victoria Beckham has just been ranked the UK’s top entrepreneur

Mon, 27 Oct 2014| By Sophie Hobson

“I want to be more famous than Persil,” Victoria Beckham declared at the beginning of her career.

Canary Wharf with Chinese flag superimposed on it

£105bn in 10 years - China's mega investment in British infrastructure

Mon, 27 Oct 2014| By Shruti Tripathi Chopra

What do Thames Water, Heathrow, Harvey Nichols and Canary Wharf have in common? They are all part-owned by China.

Money counting unhappy old man

Over five million Brits are in low-paid jobs - more than ever before

Mon, 27 Oct 2014| By Sophie Hobson

One in six UK workers is in a low-paid job – a record number, according to new research from a think tank.

Stress Lady

One in five European banks just failed a major stress test. So is the UK ok?

Mon, 27 Oct 2014| By Sophie Hobson

The European Banking Authority (EBA) has conducted a “stress test” of 123 European banks, simulating what would happen to them if there was another financial crash.

Travel chaos as trains between Reading and London Paddington cancelled

Bomb scare near Paddington Station as roads closed off

Fri, 24 Oct 2014

Update: The security alert is now over and roads have been re-opened

Queen Tweets

This is the Queen's first ever Tweet

Fri, 24 Oct 2014| By Harry Cockburn

It’s not quite The King’s Speech, but today Her Royal Highness the Queen of England used her own fingers to send a tweet from an exhibition at the Science Museum.

Amazon logo building

Amazon destruction: Online retailer loses almost $500m in biggest ever quarterly loss. Here’s why

Fri, 24 Oct 2014| By Harry Cockburn

Amazon’s net losses reached almost half a billion dollars over the past three months, making it the worst quarterly loss in the company’s history, the retail giant has revealed.

The EU's bearing on UK politics

How much do we give the EU, and how much do we get back?Video

Fri, 24 Oct 2014| By Robyn Vinter

The UK gave the EU €14.5bn in 2013 (in cash rather than any other kind or benefit), and directly got back €6.3bn.

Cambridge University

Which city has seen the fastest growth in house prices? (Hint: It's not London)

Fri, 24 Oct 2014| By Shruti Tripathi Chopra

Admit it Londoners, you’re pretty smug about how the pricetag of your property is a national obsession.

Buckingham Palace guards

Ammunition found in Buckingham Palace, police officer arrested

Fri, 24 Oct 2014

Scotland Yard arrested a Royal Protection Officer yesterday after ammunition was discovered in a building in Buckingham Palace.

Pay Packet wages money envelope

Here’s why your pay won’t be going up any time soon...

Fri, 24 Oct 2014| By Robyn Vinter

Most private sector employees are unlikely to see above-inflation pay rises in 2015, according to a report.

EU flag

Why has the UK been handed a massive £1.7bn bill from the EU?

Fri, 24 Oct 2014| By Robyn Vinter

Believe it or not, there are downsides to an improved economy – something the UK has just found out.

Hugging brightly coloured figures

21 very handy insights from excellent businesses

Thu, 23 Oct 2014| By Sophie Hobson

The entrepreneurs and execs who made our London Loves Excellence Awards shortlists share all

WOW air plane

Fly from London to the US for just £99 next year, taxes included

Thu, 23 Oct 2014| By Robyn Vinter

Londoners will soon be able to fly one way to the US for just £99, after an Icelandic airline unveiled a new route.

Drones

The illegal drones flying above London... and the chair of the government's drones committee who was “horrified” to discover Google MapsVideo

Thu, 23 Oct 2014| By Robyn Vinter

Drone footage can be breathtaking, capturing aerial views that you just can’t get any other way.

Facebook dislike button

Facebook's UK corporation tax bill: £0

Thu, 23 Oct 2014| By Shruti Tripathi Chopra

Facebook’s UK corporation tax bill last year? Zero, zip, zilch, nada, compared to its net profit of $1.5bn last year.

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Fireworks

Remember, remember! 5 awesome things to do in London in November

By Moya Maxwell

From sexology to skating, there’s more to November than orange leaves and pink skies

64 degrees restuarant

Kolhrabi, Korean and pickles - discover London's hottest food trends & restaurants this autumn

From Buffalo Bourbon to bonfire salt, here’s what to eat and where

Pills, is ketamine the new coke in London's workplace?

Rebecca Hobson: The drugs debate is raging in parliament. Here are the facts behind the headlines

By Rebecca Hobson

Parliament is debating UK drugs policy right now. Make no mistake, this is a big deal.

Brian Blessed index

Brian Blessed is exhorting Tube passengers to purchase remembrance poppies

By Harry Cockburn

Brian Blessed’s legendary loud voice has been booming out of speakers across London this morning. Why? Because he wants commuters to buy remembrance poppies to mark the Royal British Legion’s London Poppy Day.

Rom Skatepark 2

This 1970s skatepark in east London just gained a Grade II listing

By Harry Cockburn

A 1970s concrete skatepark in east London has been awarded a Grade II listing.

The manor house of Toten Hall - 1813

Brown's beer: Why the London Beer Flood is the strangest tragedy in London's history

By Pete Brown

Is our male-about-ale Pete Brown right? Tweet us @Londonlovesbiz

Battersea Power Station

Check out the lush new roof garden that’ll be on top of Battersea Power Station

By Sophie Hobson

It’s going to be one of London’s largest roof gardens – a space more than 350 metres long full of interlacing garden walkways, mini forests of birch trees and free-standing hammocks. There’s even a fitness deck.

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