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The City, Square Mile, and the London business economy.
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Business
FTSE 100 drops 0.8% after HSBC shares fall 5.4% on earnings miss
The market slipped on Tuesday as HSBC reported weaker net interest income, while US consumer confidence rose and investors brace for the UK budget and Fed rate decision.
News London Desk//3 min read
London deskLatest
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London's bank tax rate higher than rivals, report claims
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Sainsbury's raises profit forecast on grocery sales growth
Business
Tinder launches in‑person events in London after global rollout
Business
Thames Water hosepipe ban to continue through autumn
Business
London loses 172 pubs between 2020 and 2025
Business
Wingstop opens in Romford after planning approval
Business
Super-rich worth £121bn loosen UK ties since 2024
Business
Central London power cut disrupts businesses
An underground cable fault caused outages affecting 32 postcodes and raising concerns about energy resilience.
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More from Business
Business · LondonUK Government probes BT Group's TalkTalk deal
The UK Government has requested the Competition and Markets Authority investigate BT Group's agreement to acquire TalkTalk. The investigation must be completed within two weeks, with BT Group stating the total cash impact of the deals will be around £400 million.
London3 min readTrust 66 · Craft 95 · Hype 15
Business · LondonBookshop.org launches £12.99 audiobook service for indie shops
Bookshop.org has introduced a new audiobook subscription service costing £12.99 per month. The initiative allows independent bookshops to receive full profit from audiobook sales, offering an alternative to existing platforms and aiming to boost revenue for retailers.
London3 min readTrust 40 · Craft 60 · Hype 20
Business · City of LondonGordon Ramsay Restaurants posts £100m UK revenue, Bishopsgate sales double
Gordon Ramsay Restaurants announced UK revenues exceeded £100 million for the year to 28 December 2025, a 3% increase, and EBITDA rose 4% to £8.5 million. The 22 Bishopsgate venue, described as a ‘star performer’, recorded sales more than twice those of the previous year, boosted by a Netflix documentary.
City of London4 min readTrust 74 · Craft 80 · Hype 30
Business · LondonJellycat opens Selfridges Fish & Chips shop as profit hits £240 million
Jellycat reported a pre‑tax profit of £240 million for 2025 after sales rose 43% to £450 million. The company opened 22 new retail spaces, including a Jellycat Fish & Chips shop in Selfridges, London, and will pay about £179 million in dividends to its parent.
London3 min readTrust 74 · Craft 52 · Hype 30
Business · LondonFTSE 100 falls 1.7% amid bond market worries
London's FTSE 100 index closed down 1.7% on Thursday, reflecting broader market anxieties driven by Middle East tensions and UK fiscal concerns. Bond yields remained elevated, impacting investor sentiment and leading to a slowdown in house price appreciation.
London4 min readTrust 74 · Craft 95 · Hype 25
Business · LondonHousebuilder Shares Surge on First-Time Buyer Scheme
Shares in major UK housebuilders experienced significant gains following the government's announcement of the 'Your First Home' initiative. The programme aims to make new-build properties more accessible to first-time buyers with a reduced deposit requirement and government equity loans.
London4 min readTrust 64 · Craft 95 · Hype 25
Business · LondonLime UK profits double as rider numbers surge
Lime's UK arm reported a significant increase in both users and profits for 2025. The company's sales reached £148m, and profits more than doubled to £4.7m, as average monthly users grew by 31% to approximately 700,000.
London3 min readTrust 96 · Craft 79 · Hype 35
Business · LondonLondon investment bankers earn over £1bn in takeover fees
London’s bankers and lawyers collected more than £1bn in advisory fees in 2026 as UK merger activity jumped 175% to £100bn. JP Morgan led the advisory market, while the Intertek deal alone is set to generate over £370m in fees.
London4 min readTrust 68 · Craft 95 · Hype 32- Business · London
Booking.com faces criticism over fake listings
Booking.com is facing criticism after numerous customers were sent to a Wetherspoons pub near Tower Bridge, believing they had booked luxury apartments. The issue arose from fake listings that directed travellers to the pub's address.
London3 min readTrust 74 · Craft 95 · Hype 32 
Business · LondonLondon stocks fall amid oil and bond price volatility
London's stock market ended lower on Thursday, with the FTSE 100 index experiencing a slight decline. Investors remained cautious, weighing developments from the US-China summit while keeping a close watch on fluctuating oil prices and elevated bond yields.
London5 min readTrust 66 · Craft 87 · Hype 30
Business · LondonTriyoga staff appeal for unpaid wages after studio closure
Triyoga, a London yoga chain owned by Common Bond, has suddenly closed all its studios. Over one hundred staff members have approached a union for assistance in recovering unpaid wages, with final payments due on September 17 now delayed.
London3 min readTrust 66 · Craft 95 · Hype 30
Business · LondonRevolut trials facial recognition payments in London cafes
Revolut is testing a new facial recognition payment system, 'Pay with Smile', in London cafes. Customers can opt in via the Revolut app to use the technology at Kiss the Hippo locations in Bloomsbury, Chelsea, and Soho.
London3 min readTrust 74 · Craft 80 · Hype 30
Business · LondonBlue diamond ring set for £2m auction in London on 1 October
An 8.03‑carat Fancy Light Blue diamond ring will be offered at Elmwood’s Fine Jewellery sale on 1 October. It is only the third blue diamond larger than eight carats ever auctioned in the UK, with estimates between £1.5 million and £2 million.
London3 min readTrust 74 · Craft 70 · Hype 30
Business · LondonFTSE 100 climbs to 10,739 as oil slips and JD Sports eyes Mexico
The FTSE 100 finished at 10,739.01, up 0.8 per cent, after Brent crude fell to $100.28 a barrel. JD Sports revealed a long‑term franchise partnership for Mexico and Elixirr International posted a 17% rise in pre‑tax profit.
London3 min readTrust 74 · Craft 95 · Hype 18
Business · LondonCharity shops face crisis as donations overwhelm system
Major UK charities are closing hundreds of stores due to an overwhelming volume of donated clothing, much of which is unsaleable and ends up as waste overseas. The fashion industry's environmental impact is a key factor in this growing crisis.
London4 min readTrust 74 · Craft 67 · Hype 52
Business · LondonFTSE 100 drops 1.5% as 10‑year gilt yield rises to 5.31% and retail sales rebound
The FTSE 100 closed at 10,659.13 on Friday, down 157.01 points, as the 10‑year UK gilt yield rose to 5.31%. Office for National Statistics figures revealed a 0.5% month‑on‑month increase in August retail sales volumes, reversing July’s decline.
London3 min readTrust 74 · Craft 87 · Hype 18
Business · LondonFTSE 100 rallies as oil price drop offers market relief
The FTSE 100 index saw gains on Wednesday, closing up 0.3%, as a decrease in Brent crude oil prices provided a welcome respite for the market. This occurred despite the release of higher UK consumer price inflation figures.
London3 min readTrust 74 · Craft 95 · Hype 28
Business · LondonBank of England paid £20m to slave owners, 24 directors linked to trade
The Bank of England paid £20 million to slave owners after the 1833 abolition act, while 24 of its early directors were investors in the slave trade, a 2022 exhibition also listed 599 enslaved people owned by the bank.
London3 min readTrust 74 · Craft 95 · Hype 15
Business · LondonUK small businesses target US market at London pitch event
More than 40 UK small businesses pitched to American buyers at the Great British Pitch USA event in central London. The initiative aims to boost export growth, with research indicating North America is the most promising export market for many UK firms.
London3 min readTrust 68 · Craft 72 · Hype 32
Business · LondonLondon businesses face tax pressure as LCCI urges cost cuts ahead of budget
The London Chamber of Commerce and Industry has called on the government to lower business costs and undo the £20bn increase in employer National Insurance contributions. Chancellor John Healey is expected to announce a £150m fund for fast‑growing northern firms on 28 October.
London3 min readTrust 64 · Craft 87 · Hype 35