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People shop in Kingston Upon Thames town centre on April 19th, 2008 in London, England.The latest census data shows that white Britons are no longer a majority in LondonThe data also says that Britons are better educated, less likely to own a home and less religiousMigration was responsible for 60% of the population growth from 2001 to 2011 India and Poland are the top two sources of new migrants to England(Financial Times) — White Britons no longer make up the majority of people in London for the first time, according to the latest census data which pointed to a cosmopolitan […]

MOSCOW Credit Suisse is to move its Moscow investment banking advisory operation to London as part of a cost-cutting drive, a source familiar with the matter said, as a dearth of deals pushes foreign bankers away from the Russian capital. The news on Wednesday marks a significant, but not complete retreat from a market which Credit Suisse entered in the chaos that followed the break-up of the Soviet Union and did not abandon despite the hit it took in Russia’s 1998 financial crash. The Zurich-based bank will also move its Moscow-based debt and equity capital markets business to London, venue […]

MOSCOW Credit Suisse will close its Moscow investment banking operation as part of a cost-cutting drive, a source familiar with the matter said, as a dearth of deals pushes foreign bankers away from the Russian capital. The news on Wednesday marks a significant, but not complete, retreat from a market that Credit Suisse entered in the chaos that followed the breakup of the Soviet Union, and did not abandon despite the hit it took in Russia’s 1998 financial crash. The Zurich-based bank will move its debt and equity capital markets, and corporate advisory businesses to London, venue of major recent […]

Everything Everywhere’s rebrand to EE is being viewed “positively,” boss saysOlaf Swantee said a fresh brand was needed for the 4G networkEE is a joint venture between two European giants of the telecommunications industry A £1.5 billion ($ 2.3 billion) investment program was key to installing 4G in the UKLondon — Everything Everywhere’s rebranding to EE is being viewed “positively,” by employees and consumers alike, according to the boss of the British mobile network operator.Chief executive Olaf Swantee said a “fresh brand” was needed for the roll-out of the 4G network, designed to provide ultra-fast mobile Internet access for major […]

Chinese banks are shifting the focus of their European business away from London toward Luxembourg as they seek to escape tougher British regulation, the Financial Times said on Monday. The newspaper said Chinese banks had complained to the British government over what they called uneven regulation and “rigorously demanding” liquidity rules in a recent letter. “They are finding it increasingly difficult to operate in the UK under the current regulatory environment,” the banks said in the letter, which was sent on their behalf by the Association of Foreign Banks, according to the Financial Times. State-owned banks, including Industrial and Commercial […]

Eurostar has modified its first-class carriages for Paralympic athletesParalympians from France and Belgium will arrive in London via the high speed rail serviceEurostar aims to double the number of seats on offer to disabled passengers next year Eurostar is used to catering for Europe’s business big shots but in the run-up to the Paralympic Games the high speed rail operator is instead priming its services for the continent’s elite disabled athletes.First-class carriages on two Eurostar trains have been overhauled to make room for special facilities that meet the travel requirements of hundreds of Paralympians heading for London 2012.Eurostar engineering manager […]

PARIS/LONDON The City of London financial district, though diminished by scandals and job cuts, is proving irresistible to fed-up Parisian bankers fleeing France’s rising taxes and the feeling that they’re not best loved at home. French financial groups big and small, from advisory firms and private equity houses to big banks like Societe Generale, are looking at London as a possible shelter from a new 75% tax rate on top French earners, bankers say. Take Bertrand Meunier, who recently agreed to move to London to take a job at private equity firm CVC Capital Partners, leaving a long-term leadership position […]

Click to watch videoLondon – British Prime Minister David Cameron has made no secret of the spoils he hopes that hosting the Olympics will bring to London – and the UK.The estimated $ 20 billion of investment over the next four years would offset some of the $ 14.5 billion splurge of staging the Games.Last week he helped launch a $ 1.6 billion investment drive to drum up business for UK plc.Lancaster House in central London has been made into the British Business Embassy for the duration of London 2012. Organizers expect more than 4,000 of the world’s top business leaders […]

Insurance brokerage Aon says it will move its corporate headquarters from Chicago to London to improve its access to emerging markets. Aon says the move also will help it take advantage of strategic proximity to Lloyd’s …

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