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London finance news, trends & insights

Shoppers on Oxford Street

Black Friday fever: police called as fights break out between shoppers Video

Fri, 28 Nov 2014

Britons are going bananas over Black Friday – the busiest shopping day of the year.

Uber

Five-year-old Uber could hit $40bn valuation

Wed, 26 Nov 2014| By Sophie Hobson

Crikey. It just keeps growing.

Sad George Osborne

George Osborne tried to protect bankers’ bonuses – the EU said no

Fri, 21 Nov 2014| By Robyn Vinter

The chancellor has been beaten back by the EU after arguing a cap on bankers’ bonuses was illegal.

Money Map UK

Bountiful Britain: UK net wealth rises to £7.6 trillion - that’s £119,000 per person

Thu, 20 Nov 2014| By Harry Cockburn

Good news everyone, you’re probably much richer than you realised.

Parkour in London - success happy hurrah win

How I just raised £2.2m for my two-year-old start-up, Uniplaces

Wed, 19 Nov 2014

Looking to win serious investment? Ben Grech shares his seven essential steps

Mark Carney hand

Carney: Slash bankers’ salaries for misconduct

Tue, 18 Nov 2014| By Harry Cockburn

The scandal-struck banking sector is going to have to do more to improve its image, Bank of England Governor Mark Carney has warned.

Cambridge University

Higher student fees costing government billions

Tue, 18 Nov 2014| By Harry Cockburn

The current university fees structure has been slammed as “unsustainable” by an independent study into higher education in the UK.

Phones 4 U store

Fines 4U? Collapse of Phones 4U to cost taxpayers £78m

Mon, 17 Nov 2014| By Harry Cockburn

The collapse of high street telephone retailer Phones 4U is set to cost the taxpayer £78m, the firm’s administrators have warned.

Paul Mason

Channel 4 economics editor has a massive rant about banks. You won’t be able to help but agreeVideo

Thu, 13 Nov 2014| By Robyn Vinter

Sick of hearing about banking fines? Try being the journalist that reports on them every time.

Virgin Money

Virgin Money IPO values bank at £1.25bn

Thu, 13 Nov 2014

Sir Richard Branson’s Virgin Money is set to be valued at £1.25bn as the UK bank debuts on the London Stock Exchange today.

Pound tree

Fines in the billions for big banks in forex scandal

Wed, 12 Nov 2014| By Sophie Hobson

Be thankful you’re not in the offices of UBS, JP Morgan Chase, Citigroup, HSBC or RBS this morning.

Sharks circling

Will new payday lending rules see loan sharks circling?

Tue, 11 Nov 2014| By Harry Cockburn

The introduction of a cap on payday loans could wipe out most of the market, including the likes of Wonga, Quick Quid and Dollar Financial, which between them make up 70% of the payday loans market by turnover.

Jon Moulton

No joke: Jon Moulton buys Jongleurs comedy club & Walkabout for £20m

Tue, 11 Nov 2014

Veteran venture capitalist Jon Moulton has vowed to “improve Jongleurs comedy club’s jokes” by snapping up its parent company Intertain for £20m.

Cameron EU council meeting 2013

Leaked: Britain’s £1.7bn EU bill repayment plan

Fri, 7 Nov 2014| By Harry Cockburn

David Cameron’s knickers have been in a thorough twist over the EU’s £1.7bn bill, and they’re about to be twisted further.

The Cheesegrater

City workers terrified as part of a steel bolt falls off the Cheesegrater

Thu, 6 Nov 2014

Part of a large steel bolt, as big as an adult hand, fell off the 47-storey Cheesegrater yesterday which resulted in the area being cordoned off. Thankfully, no one was injured.

Office workers on holiday

Holiday pay ruling attacked by business groups

Wed, 5 Nov 2014| By Harry Cockburn

A controversial ruling at a tribunal which set a precedent for workers’ holiday pay to be calculated including voluntary overtime has been slammed by business organisations.

Branson space jet

Will Richard Branson's Virgin Galactic space project ever take off?

Mon, 3 Nov 2014| By Shruti Tripathi Chopra

A Virgin Galactic spacecraft crashed on Friday killing a test pilot.

Developers Nick (left) and Christian Candy (right) with their partners Holly Valance and Emily Candy

Candy brothers want to buy the Financial Times

Mon, 3 Nov 2014| By Shruti Tripathi Chopra

If you thought the Candy brothers, the men behind Knightsbridge’s One Hyde Park apartments, are all about expensive property then you’re wrong.

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.

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

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.

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.

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

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.

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.

Tesco plastic bag representing Tesco law

Tesco woes: Profit tumbles, chairman quits & accounting mistake greater than estimated

Thu, 23 Oct 2014| By Shruti Tripathi Chopra

They say the bigger they are, the harder they fall - this rings true for Britain’s biggest supermarket Tesco today.

Tesco Lorry

How many billions does Tesco need for a turnaround?

Wed, 22 Oct 2014

A whopping £3bn and strict travel policies – that’s what Britain’s beleaguered supermarket Tesco needs for a turnaround.

Cameron and Osborne House of Commons

Deficit grows as government spending is up 10%. Is the economic plan still working?

Wed, 22 Oct 2014| By Harry Cockburn

The Tories have defined themselves as the party dedicated to cutting the deficit, and the words “the long-term economic plan is working” have practically become a mantra for David Cameron and George Osborne.

Woman inspects money

Infographic: from bartering to Bitcoin - the history of money

Mon, 20 Oct 2014| By Harry Cockburn

Money has been a key part of our species’ history. With huge markets, money has been responsible for helping humans achieve astonishing feats, as well as driving some of our most shameful episodes.

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