LONDON News

Friday 27th March 2015
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Population: Approx 6,962,319
Longitude: -0.17
Latitude: 51.5
Street Map: Click Here
Country: United Kingdom (UK)
Weather Station: London Weather Centre
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Current Weather in LONDON
London steps up fight for spoils from financial tech boom
By Steve Slater LONDON (Reuters) - From the shabby streets of east London, some of the brightest minds in technology and banking are plotting a revolution. London's "Silicon Roundabout" has become one of the top hubs for financial technology - or fintech - where start-up firms are launching products to bypass traditional banks with phone apps and websites, or help financial firms adapt to a ...
London Home Prices Gain on Demand for Cheapest Districts
Values in the U.K. capital gained an average of 0.9 percent a month in the period as buyers purchased homes in the outer boroughs of the city and in towns within commuting distance included in the research, Hometrack said in a report today. The average London home price rose 12.9 percent in the 12 months through February, it said. “The London market is currently in transition from a high-growth ...
MoneyGram Continues Expansion in United Kingdom
Agreements with Dawson & Sanderson and ChangeGroup give consumers more choices for fast and secure money transfers LONDON, United Kingdom (March 26, 2015) (GLOBE NEWSWIRE) -- MoneyGram (NASDAQ: MGI), a ...
London builds on China links with new traded product
The London Stock Exchange on Wednesday launched a product allowing small investors exposure to Chinese bond markets in the local currency, building on the British capital's status as a global financial hub. "The listing, the first of its type in any European market, underlines London and London Stock Exchange’s pre-eminent position as the leading Western financial centre for trading of" products ...
London launches Europe's first yuan money market fund
The London Stock Exchange has launched a yuan-denominated money market fund, allowing investors direct access to the Chinese interbank lending market. The newly listed Exchange Traded Fund (ETF) is the first in Europe to offer both institutional and retail investors exposure to money market instruments that invest in the China Interbank Bond Market (CIBM) via Germany's Commerzbank and CCB ...
Lloyd's of London 2014 profits flat, returns fall
The Lloyd's of London insurance market posted unchanged profits for 2014 and a lower return on capital, pressured by increasing competition. Ninety-four syndicates underwrite insurance at Lloyd's, housed in one of the most recognisable buildings in London's main financial district, with listed companies including Catlin (CGL.L), Hiscox (HSX.L) and Amlin (AML.L). Lloyd's of London posted a pre ...
London Taxi Manufacturer To Create 1,000 Jobs
The manufacturer of the iconic London taxi is to build a new £250m factory in Coventry, creating 1,000 jobs. The news was announced hours after Jaguar Land Rover said it had committed £600m to support its own operations in the West Midlands. The investment in the London Taxi Company, by its Chinese owner Geely, is being supported by the Government's Regional Growth Fund. Geely said the new state ...
London Stock Exchange drags European shares lower
European shares fell on Thursday, with London Stock Exchange leading the market lower on news that Borse Dubai will sell its full stake in the company and ARM Holdings extending the previous session's ...
London or Paris: which is the club for Russia's Ukraine debt?
By Sujata Rao and Chris Spink LONDON (Reuters) - A legal conundrum is threatening plans to ease Ukraine's debt burden and possibly its entire $40 billion (26.88 billion pounds) IMF-led bailout: should a $3 billion Eurobond held by Russia be classed as bilateral sovereign debt or a plain vanilla bond? Kiev is trying to persuade holders of its Eurobonds to swap them for new ones with a lower face ...
London Skyscraper Prices Threatened by EU Exit Risk
Foreign buyers, who accounted for three quarters of the 19.4 billion pounds ($29 billion) of central London properties traded last year, would probably hold off on buying in the months leading up to the vote, said Joe Valente, head of research and strategy at JPMorgan Asset Management. If the U.K. did quit the EU, more than 60 percent of real estate investors surveyed by CBRE Group Inc. said ...

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