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Lloyd’s of London to open Brussels unit in early 2019: CEO

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Lloyd’s has been among the most vocal financial businesses on the need for a European Union subsidiary if Britain has no access to the single market after leaving the bloc and is one of the first to announce such a move. Lloyd‘s, which started life in Edward Lloyd’s coffee house in 1688, houses more than 80 syndicates in a building in the City of London. Its syndicates focus on specialist insurance and reinsurance in anything from oil rigs to athletes’ legs. The venerable insurance market said last March that it had chosen Brussels as the si... Read More »

London home sellers slash prices at biggest rate since financial crisis

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The prices that London home-sellers are seeking for their properties fell by the most since the financial crisis this month, at a time when prices in most of the rest of Britain are rising, industry figures showed on Monday. London’s once red-hot housing market has slowed for the past year due to a double hit from higher purchase taxes on expensive homes and the June 2016 Brexit vote, which hurt demand from foreign buyers and raised fears of big job losses in the capital’s financial industry. Rightmove, Britain’s biggest property website,... Read More »

Heathrow airport reports record passenger numbers for 2017 due to bigger and fuller planes

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A record-breaking 78 million passengers hustled through Heathrow airport in 2017, marking a more than 3 per cent increase on the previous year’s figure, thanks to larger and fuller aircraft flying in and out of the international transport hub. The airport on Thursday said that Heathrow last year had also continued to grow into one of the fastest growing major European hubs for cargo. A total of 1.7 million metric tonnes of cargo passed through the airport during the 12-month period, which is approximately equivalent to the weight of 134,000 ... Read More »

London to host self-curated Azzedine Alaïa exhibition next spring

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Aretrospective on Azzedine Alaïa will open at the Design Museum in London next spring. Azzedine Alaïa: the Couturier will run for five months from 10 May and include more than 60 couture pieces from the Tunisian fashion designer’s 35-year body of work. Alaïa, who died last month of heart failure, had been working with the museum’s guest curator, Mark Wilson, on the exhibition, selecting rare pieces from his archive and providing documentation of his creative process. The Paris-based designer was widely celebrated for his ability to cut, f... Read More »

Kensington Roof Gardens to close after more than 35 years

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Kensington Roof Gardens, one of ­London’s best-known party venues, is to close after its owner of more than 35 years, Virgin, said a challenging market meant it had struggled to make a profit.  The gardens, now a Grade II-listed site, date back to the 1930s, but the company said yesterday: “The time has come for us to close our doors. “In an ever-changing London market the roof gardens has stood the test of time but in the face of unpredictable market conditions and a challenge to remain profitable, we feel that the time has come for us to c... Read More »

Grosvenor Crescent rated the most expensive street in England and Wales

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The sweeping crescent, whose Grade II-listed properties are thought to have been built between 1837 and 1860, topped a list of the priciest streets published by Lloyds Bank. However, while Grosvenor Crescent’s residents are sitting pretty, with the typical price tag unchanged on last December, their wealthy neighbours in Eaton Square – which topped the bank’s table a year ago – have each typically seen more than £3m wiped off the value of their property in the space of 12 months, cutting the average price to just over £13.5m. Lloyds did n... Read More »

Selfieccino debutes in London cafe

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This flight attendant discovered the cafe on the internet in Singapore before even travelling to London. Flight attendant, Safirah Safari said, "I actually heard it through Facebook back at home in Singapore when I was browsing through the Facebook and I saw one of the faces that actually shot the video of this and I actually texted my friend because we were going to London the next week so I told her let's come to this and just check it out. This is really interesting I've never seen any cafe that has a selfieccino, so it is really amazing"... Read More »

Wake Up and Smell the Traffic? London Tries Coffee to Power Buses

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While the worst smogs, or “pea soupers,” have long dispersed, London still chokes on heavy pollution. Seeking to curb toxic diesel fumes, transport officials and companies are hunting for new sources of energy for the buses. The latest idea? Coffee grounds. On Monday, in a much-hyped debut, a company called Bio-bean, in partnership with the oil giant Royal Dutch Shell, introduced relatively small amounts of oil produced from coffee grounds into the mix of diesel and biofuels mandated by the city authorities. The first batch of 6,000 liters, ... Read More »

Deal Flow for Corporate Oil & Gas Players

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Alongside and within the 14th Africa Independents Forum 2016, they are hosting: • 75th PetroAfricanus Club- World Upstream Reception: with Guest Speaker: Phil Loader, Executive Vice President, Global Exploration, Woodside Energy, Perth, Australia • 6th Global Women Petroleum & Energy Club Luncheon: with Guest Speaker: Irini Katsiani Hughes, Business Development Manager, EMEA, Statoil, London • 4th Africa's Hydrocarbon Arguments Discourse: On Shaping Africa's E&P Future • Special Panels: on Africa Oil & Energy Finance and Inv... Read More »

A triumph for diversity

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Regardless of any party politics, the London mayoral election is an historic moment to be celebrated in a multicultural city that is leading the way in embracing diversity, tolerance and respect. Sadiq is the son of a Pakistani bus driver and his seamstress wife, one of eight children raised in public housing in south London, who has gone on to become mayor of the city. I once said that opportunities are like buses - there's always another one coming. I wholeheartedly believe this to be the case, and people - especially entrepreneurs - wh... Read More »

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