Uber Technologies Inc.’s biggest market in Europe is at risk after regulators revoked the ride-hailing service’s license to operate in London for the second time in less than three years, expressing safety concerns. The London transportation regulator said Uber failed to adequately verify drivers’ identities and safeguard the service for passengers. ... Read More »
A small toy figure is seen on representations of the Bitcoin virtual currency. Photograph: Dado Ruvic/Reuters Over in New York, the US stock market has opened very slightly higher as traders return to work after the Christmas break. The Dow Jones industrial average rose by 16 points, or 0.07%, with ... Read More »
Two prominent City of London figures have warned EU leaders about the dangers of stripping London of the lucrative euro clearing trade after Brexit. A proposed move could cost investors €100bn (£83bn) over five years, Xavier Rolet, chief executive of the London Stock Exchange, said on Monday. Seperately, Michael Spencer, founder ... Read More »
Architects Ran Ankory and Maya Carni of Scenario Architecture have opened up the interior of their Victorian terraced house in north London and added a glazed extension at the rear. The architect couple bought the property in London’s Stoke Newington with the intention of renovating, extending and updating it to ... Read More »
Real Assets said it would continue the construction of its ’22 Bishopsgate’ project in London’s financial district, despite the uncertainty following Britain’s vote to leave the European Union. The real estate asset manager, a unit of AXA SA, said the project has a target completion date of 2019. Since the ... Read More »
An overhaul of the business rates system is to dramatically increase the tax paid by businesses in central London and cut the bills for struggling northern towns. Shops on Regent Street in London face an 87% increase in their business rates bill next year, while northern towns such as Bolton ... Read More »
Flights at London City Airport were disrupted after protesters gained access to the runway. The Met Police said it was called to the site at about 05:40 BST after nine protesters erected a tripod and “locked themselves together” on the runway. The Black Lives Matter UK movement confirmed it was ... Read More »
Google has launched a new space for YouTubers at its UK headquarters in London’s King’s Cross. Space London, which opened on Tuesday, includes three soundproof studios, editing suites and a store for YouTubers to sell their merchandise. It also has a community area with a barista bar. The 20,000 square ... Read More »
Short sellers are moving into the UK real estate sector in greater numbers as investor sentiment sours after the referendum, according to Markit. Although shorting interest in the sector has been increasing since the start of the year, it leapt by a further 43 percent once ‘Brexit’ was announced. Bearish ... Read More »
Sales of prime London real estate jumped 38 percent in the week after the U.K. voted to leave the European Union, as a slide in the British pound attracted bargain hunters seeking a rare opportunity to buy the city’s property at a discount. The number of residential real estate sales ... Read More »
The tie-up will create one of the largest exchange companies in the world with a combined value of about £21bn. Under the terms of the deal, LSE shareholders will own 45.6% of the new holding company, while Deutsche Boerse shareholders will own 54.4%. LSE chief executive Xavier Rolet said the ... Read More »
Almost half of home owners in London intend to put any plans they have to buy or sell on hold under after the referendum in June on the future of the UK in the European Union. A survey has found that 47% will not get involved until after the vote ... Read More »
