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Revolut pledges £3 billion new investment in UK

British Chancellor Rachel Reeves has said the UK is getting "ahead in the global race for investment" as Revolut unveiled plans to plug £3 billion into its expansion in the country.

Business • 23 Sep

Citi's London office overhaul costs hit £1.1 billion

Wall Street bank Citigroup's bill for refitting its tower in London has risen to $1.5 billion (£1.1 billion), the company told Reuters, highlighting the challenges of modernising workplaces to attract employees back to offices.

Business • 15 Sep

London's Canary Wharf is seen as a test case for re-imagining struggling business districts

Canary Wharf sets sights on hotels to fill empty offices

London's Canary Wharf financial district wants to convert swathes of empty office space into other uses including hotels, two executives at the landlord told Reuters, as it responds to faltering demand for its sprawl of office towers.

Business • 02 Oct 24

In a trading update today, hVIVO said its services continue to be in high demand across several different challenge models

hVivo expects half year revenues to rise by 30%

Healthcare company hVIVO, formerly Open Orphan, said it expects to report first half revenues of £35.6m, which would represent 30.6% revenue growth on the same time last year

Business • 17 Jul 24

Morgan Stanley's UK headquarters in London's Canary Wharf

Morgan Stanley commits to Canary Wharf until 2038

Morgan Stanley's UK arm has extended a lease on its 547,000 square foot European headquarters in London's Canary Wharf to 2038, committing to the Docklands financial hub even as rivals relocate in search of smaller offices.

Business • 03 Apr 24

Long-term Canary Wharf resident HSBC recently announced it would relocate to a much smaller office in the City of London

London office market in 'rental recession'

London's embattled office market is in "rental recession" as empty workspace across the UK capital's West End, City and Canary Wharf business hubs hits a 30-year high, analysts at Jefferies said, pressuring shares of several top landlords.

Business • 27 Sep 23

London's transport operator said this week it recorded its busiest day since the pandemic hit in March 2020

London's financial workers flock back to office

London's financial sector, keen to return to a semblance of normality after the worst of the pandemic, is leading the charge to encourage employees back to their old lives, with some companies even offering free food and social events.

Business • 09 Sep 21

Carary Wharf is home to the European headquarters of Barclays, Citigroup and HSBC and many other businesses

London's Canary Wharf gets ready for return to work

London's Canary Wharf has drawn up detailed plans to bring bankers, accountants and lawyers back to the financial district as the coronavirus pandemic eases, the Financial Times reported today.

Business • 15 May 20

Songbird Estates is the majority owner of London's Canary Wharf financial district

Songbird tells shareholders to take no action

Canary Wharf owner Songbird Estates has told shareholders to take no action on a Qatari-led £2.6 billion takeover bid.

Business • 30 Dec 14

Songbird owns 69% of Canary Wharf Group in London

Bigger Qatari offer for Canary Wharf firm rejected

A sweetened £2.6 billion offer from a Qatari consortium for the company behind London's Canary Wharf development has been rebuffed.

Business • 05 Dec 14

Canary Wharf owner Songbird rejects approach

Songbird Estates, the majority owner of London's Canary Wharf, has rejected a £2.2 billion takeover proposal from Qatar Investment Authority and Brookfield Property Partners.

Business • 07 Nov 14

Thomas Ryan planning to build Europe's tallest residential tower in London's Canary Wharf area

Ryan plans for Europe's tallest residential tower

An Irish developer is reviving plans to build Europe's tallest residential tower in London's Canary Wharf financial district.

Business • 15 Nov 13

Canary Wharf