As a world-leading business hub, London has traditionally benefited from excellent transport links to destinations all over the world. But our competitive edge is being eroded as we wait for decisive action to upgrade our airports... more
There can be few people working in the City who do not occasionally wonder how much long-term damage the financial crisis and its aftermath will do to the UK financial services industry... more
The monetary policy committee's decision to keep interest rates at 0.5% and therefore unchanged at these record low levels for two full years, seemed to many to be eminently predictable given that the economy is still fragile and the recovery uncertain... more
At the beginning of this week, HSBC revealed pre-tax profits of £11.8 billion for 2010, more than double the figure for 2009 and the highest earnings of any British bank since the start of the financial crisis... more
As rumours swirl that JP Morgan could yet pull out of building its new HQ at Canary Wharf, word reaches City Spy that the owner of Cazenove may still be tempted by a move east... more
It began as a low rumble somewhere east of Aldgate. By the time it thundered over Piccadilly it had become a shout of joy. The Mayor had announced that 9,000 bankers would leave the capital to seek fiscal asylum in Switzerland - but he, unlike many, wasn't cheering... more
Anxious times at JPMorgan's London offices. While their US boss Jamie Dimon has been hailed for his deft handling of the crunch and his firm not once posting a quarterly loss (unlike virtually every other big bank), the City HQ of JPMorgan has been in almost permanent upheaval for the last 12 months... more
Nicolas Sarkozy's gloating about a Frenchman gaining powers over the City will stiffen the Government's resolve to defend it, Boris Johnson declared today... more
The news that 50 of BlueCrest's millionaire hedge fund traders are fleeing London to set up camp in Geneva has sent shockwaves through the City... more
London was today declared the leading financial centre in the world despite the global crisis which has battered the City and turned bankers into pariahs ... more
Fears grew that the Tories will slam the brakes on Crossrail if they win power after their transport spokeswoman Theresa Villiers was ominously silent on the landmark project... more
The City of London today warned 35,000 jobs in finance will be axed in the UK this year as the capital bears the brunt of the global financial crisis ... more
Economy: London is still the world's most important financial centre, but the credit crunch and financial-markets crisis have seen cities in the Middle and Far East cutting down its lead... more
Stuart Fraser has succeeded Michael Snyder as the Square Mile's chief executive and is determined to defend it against all-comers including the Government... more
Tonight:
3°c
