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A team of tech entrepreneurs have won a £100,000 investment in an initiative from John Lewis.

Localz specialises in micro-location technology and beat hundreds of applicants for the prize, with the finals held at One Canada Square's start-up space Level39 last week.

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Tower Hamlets Council has hit out over a lack of consultation on the proposal for an Ikea at Greenwich, saying it will have a huge impact on traffic north of the River Thames.

The furniture store was approved for Bugsbys Way at the peninsula earlier this year.

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Workers within Canary Wharf Group will now be guaranteed the London Living Wage.

The firm becomes the first UK property and construction company to sign up to the scheme, which promises to give staff minimum hourly earnings of £8.80.

Argos prepares to scrap catalogues at Newham stores

By Rob Virtue on September 14, 2014 9:11 AM |

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Argos stores in Newham are getting a digital makeover, which will involve doing away with an iconic piece of equipment.

Amazon's 15 storey Shoreditch office to open in 2017

By Rob Virtue on September 12, 2014 11:23 AM |

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Amazon is to open a new corporate office in east London by 2017. The internet giant will be leaving its Slough base with many staff heading for Shoreditch's Principal Place.

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London City has been revealed as most welcoming to overseas visitors in a poll of the capital's top five airports.

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Business consultants EY this week launched a data privacy tech startup challenge at Level39, Canary Wharf's technology accelerator.

The competition will seeks answers to the implications of the EU's "right to be forgotten" data privacy proposals.

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An east London charity is looking to inspire 100 people to part with £1,000.

Canary Wharf chief executive George Iacobescu was one of the first to sign up with the East End Community Foundation's initiative, following its launch at the Plateau restaurant.

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COMMENT

Rose Walker of Grant Saw Solicitors

New rules on what happens when someone dies without making a will are expected to come into force on October 1, 2014.

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The Isle of Dogs, Bethnal Green and Newham are to receive "significant expansion" in broadband capabilities following the announcement of a roll-out by Virgin Media.

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July saw the record number of passengers pass through City Airport in its 27 year history.

Figures were up 4% on July 2013, the previous high. The hike comes on the back of increased flights from British Airways to places such as Ibiza, as well as new services to Dusseldorf and Granada.

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Chancellor George Osborne hailed Tech City and its role in the future of banking at a meeting at Canary Wharf on Wednesday.

He was launching Innovate Finance at Level39 and said he believes London can lead the way in Fin Tech.

HSBC reports 12% drop in profits

By Rob Virtue on August 4, 2014 12:13 PM |

Pre-tax profits at HSBC fell 12% as the bank suffered from a weak first quarter.

But group executive Stuart Gullicer said the results, comparing the first six months of 2014 with the year previous, showed the "resilience" of the company's business.

Barclays announces drop in profits

By Rob Virtue on July 30, 2014 10:16 AM |

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Banking giant Barclays has reported a 7% fall in profits for the first half of this year caused mainly by a drop in income from its investment banking business.

Total profits for the period were at £3.35billion.

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If you take your business idea to the crowdfunding audience, you'll need to stand out.

Corrado Accardi's plan for Pizza Rossa gained momentum after winning London Business School's Best Business Plan award last year and going on to be runner-up in a European-wide event.

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