Business and Economy News

Crisis Seeks City Runners

18th April 2008

Homeless charity Crisis is looking for top city firms to enter teams into the Crisis Square Mile Run - a 3.5 mile run past some of the capital's most famous landmarks - to raise money towards the fight against homelessness across the UK.

Leslie Morphy, Chief Executive of Crisis, said: "It is well known that top city firms employ som… full story

House Prices Increase 250% In 10 Years

18th April 2008

The cost of buying a home for first time buyers has risen by 250 per cent in the past ten years according to the annual Roof Affordability Index which was published yesterday.

Published by the housing charity Shelter the ROOF affordability index is widely seen as the most comprehensive yearl… full story

Whitebread to Add 1200 Rooms

17th April 2008

Premier Inn owners Whitbread PLC have announced plans to add an extra 1200 rooms to its London capacity over the next three years.

400 of the extra rooms will provided by acquiring the Quality Hotel in Westminster, the Keninsgton-based Comfort Inn the Purple Hotel in the City of London from the Real Hotel Company PLC for £18.5 million… full story

Attractions See Rise in Visitor Numbers

17th April 2008

Figures from Visit London show visits to museums, galleries and other attractions in the capital grew by more than 7% in February compared to the same month last year.

For paid attractions visitor numbers grew at twice that rate at 14.5% - the second month in a row of strong growth while admissions to free attractions increased by 4.7%.<… full story

Regent Street To Get 160 Bed Hotel

17th April 2008

The Crown Estate has sold a 125 year lease of the Café Royal block, located at the southern end of London’s Regent Street, to Alrov Group who plan to transform the block into a luxury 160-bedroom hotel.

The development will also include 1,500 sq m of “prime Regent Street retail … full story

Thomson Reuters Shares Open in London

17th April 2008

The London Stock Exchange has welcomed the listing of Thomson Reuters PLC on the main market from today.

The company is the result of the acquisition of Reuters Group PLC by Canada’s The Thomson Corporation,

The company has headquarters in New York and major operations in London and Eagan, Minnesota and employs more than 50,… full story

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