![]() London’s influence today draws on the city’s longstanding status as a centre of international power, first as a trading centre then as an imperial capital. ![]() This chapter reviews the characteristics and components of London’s global reach – enabling the city to draw in companies, and migrants rich and poor – and how these global functions impact on London. Research on the phenomenon of ‘global cities’ has consistently placed London in their front rank. Similar recent moves from other large global investors including $102billion Australian superannuation fund Aware Super.London’s pre-eminence in the world economy is matched only by a handful of cities. The initial public shares offer is expected to raise £645 million.Īdded to that he pointed out that last week Canada’s largest asset managers, Alberta Investment Management Company, announced plans to more than double its headcount in London and invest billions into the UK as they hailed London as more of a gateway to Asia and Europe than New York. "The capital’s fundamental strengths remain and our offer to global investors continues to go from strength to strength."Īccording to EY’s latest Attractiveness Survey for Financial Services reported that the UK continues to be Europe’s leading destination for foreign direct investment despite claims that the industry would move to Paris or Frankfurt.Īn example Hayeward cited of the UK's continued pull post Brexit was WE Soda - the world’s largest producer of natural soda ash - making its debut on the London Stock Exchange. Mr Hayward was able to report that "London remains resilient and the engine room of the UK economy.
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