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  London - The Most Symbolic City of the World




 London - Business Information

Business Facts

GDP per Capita: $30,309
Major Exports: Manufactured Goods, Fuels, Chemicals, Food, Beverages & Tobacco
Major Foreign Exchange Counters: Western Union & Thomas Cook
Key Industries: Finance, Machinery, Machine Tools, Electric Power Equipment, Automation Equipment, Aircraft, Metals, Chemicals, Food Processing, Textiles & other Consumer Goods
Major Industrial Areas: Uxbridge Industrial Estate, Crayford Industrial Area, Belvedere Industrial Area, Slade Green Industrial Area & Aberglen Industrial Estate
Major Business Hubs: Olympia Exhibition Center, Earls Court, ExCeL Exhibition Center, the City, Westminster, Canary Wharf, Camden, Islington, Lambeth & Southwark
London alone is home to 25% of UK's software professionals.
It houses around 150 events in a single day.

Business Overview
A major international business and commerce center, London is one of the three "command centers" for the global economy. As a Europe's largest city economy, London metropolitan area generates large portion of UK’s GDP.

With numerous banks, investment companies, the stock exchange, insurance, accounting and legal firms along with 75% of Fortune 500 companies in its lap, London’s largest industry undoubtedly remains finance. Its financial exports also contribute extensively to the country’s balance of payments.

The city shifted to a service based economy earlier than any other European cities. A large array of factors like its close relationship with US and various countries in Asia, English law being the most used contract law in international business, well-developed infrastructure, low taxes, business friendly environment and least government intervention contributes a lot to the relative success of service industry in London. About 85% of the employed population of greater London work in the services sector.

Along with professional services, media distribution industry is the second most competitive sector of London. Most and a lot of media companies and broadcasters are headquartered in London like BBC. While many national newspapers are edited around Canary Wharf, Soho is the center of post-production industry in London.

London though no longer the biggest port in the world but is still among the biggest ports. This not only makes the city a major cargo-transportation hub but also makes tourism its core industry. Where London Port handles million tonnes of cargo each year, on the other hand tourism employ millions of full-time workers in the city. Not only a popular destination for tourism, London also remains lively throughout the year due to its endless events. Whether they are trade exhibitions or cultural shows, London is a popular host of them all.

Major Business Centers
London Stock Exchange:
Home to some of the best companies in the world, London Stock Exchange is the heart of global financial markets. The world’s oldest stock exchange, it is also the world’s leading equity exchanges.

Tracing its history back to more than 300 years starting life in the coffeehouses of 17th century London, the Exchange today has grown into City’s most important financial institution.

The Olympia Exhibition Center:
Olympia Exhibition Center is the most popular venue in London for major public exhibitions. Located down the road from fashionable Kensington, the center was recently selected as one of Britain’s ‘Superbrands’, alongside Shell, Samsung, and Rolls Royce.

The facilities at the center are first rate with the most experienced in-house technical and support staff and this makes the venue as familiar to shoppers as it is to companies.

Major Commercial Hubs
Canary Wharf:
Canary Wharf is a thriving and vibrant business district with wide range of shops, restaurants, pubs as well as health care facilities. Leading international companies enjoy best of infrastructure and other facilities here.

Home to one of the tallest buildings of UK named ‘One Canada Square’ (commonly known as the Canary Wharf Tower or just Canary Wharf), Canary Wharf includes major banks, law firms as well as major news media and service firms. It also has many tenants public sector like the Financial Services Authority and 2012 Olympic Games organizers LOCOG and ODA.

Besides this, the district is also becoming a shopping destination, especially with the opening of Jubilee Place shopping mall in 2004.

Southwark:
Located southeast of Charing Cross and in common with much of the south bank of the Thames, Southwark has seen extensive regeneration in the last few decades.

Till now home to various light industries and factories, the borough now has become a major business center with many national and international corporations, professional practices, publishers, shops, restaurants, galleries and bars.

Southwark is in easy walking distance from the City and the West End and is generally an area of mixed development because besides containing council estates and major office developments, it also has high value residential communities.

Major Manufacturing Zones
The Crayford Industrial Area:
Covering about 20 hectares on land between Crayford town center and Maiden Lane on the south side of the River Cray, the Crayford Industrial Area consists of four separate estates.

The Crayford Industrial Estate along with Swaislands Drive area consists of densely developed older buildings. Whereas other parts of the area also includes a modern, freestanding factory, the Tower Retail Park and some other modern industrial units. Further the redevelopment of Acorn Industrial Park for small industrial units also enhances its importance as an Industrial area.

The Uxbridge Industrial Estate:
Located to the south of Uxbridge town center, the industrial estate was developed far back in 1950s. Over the years the estate has proved to be an important part of the Uxbridge economy providing a good location for the manufacturing sector. There are around 200 companies in the Area.


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