London is one of the world's leading business, financial and cultural centres, and its influence in politics, education, entertainment, media, fashion and the arts all contribute to its status as one of the major global cities.
The population is very cosmopolitan, drawing from a wide range of peoples, cultures and religions, speaking over 300 different languages. London is an international transport hub, with five international airports and a large port. It serves as the largest aviation hub in the world, and its main airport, the multi terminal Heathrow, carries more international passengers than any other airport in the world.
London is a major tourist destination, with four world heritage sites and numerous iconic landmarks such as the Houses of Parliament, Tower Bridge, the Tower of London, Westminster Abbey, Buckingham Palace and the London Eye amongst its many attractions, along with famous institutions such as the British Museum and the National Gallery.
London's largest industry remains finance, and its financial exports make it a large contributor to the UK's balance of payments. Over 300,000 people are employed in financial services in London. London has over 480 overseas banks, more than any other city in the world. More funds are invested in the City of London than in the next top ten European cities combined, and more international telephone calls are made to and from London than any other point on the planet. The City is the largest financial and business centre in Europe and, has recently begun to once more overtake New York City, partly due to strict accounting following the Sarbanes-Oxley Act and a tightening of market regulations in the United States. The Mayor of New York Michael Bloomberg has said that New York risks losing its title of world financial capital to London because of Britain's more easy going regulatory, legal and immigration systems.
London is home to banks, brokers, insurers and legal and accounting firms. A second, smaller financial district is developing at Canary Wharf to the east of the City which includes the global headquarters of HSBC, Reuters, Barclays and many of the largest law firms in the world. London handled 31% of global currency transactions in 2005 — an average daily turnover of US$753 billion — with more US dollars traded in London than New York, and more Euros traded than in every other city in Europe combined
More than half of the UK's top 100 listed companies (the FTSE 100) and over 100 of Europe's 500 largest companies are headquartered in central London. Over 70% of the FTSE 100 are located within London's metropolitan area, and 75% of Fortune 500 companies have offices in London.
Along with professional services, media companies are concentrated in London and the media distribution industry is London's second most competitive sector. The BBC is a key employer, while other broadcasters also have headquarters around the city. Many national newspapers are edited in London, having traditionally been associated with Fleet Street in the City, they are now primarily based around Canary Wharf. Soho is the centre of London's post-production industry.
Tourism is one of London's prime industries and employed the equivalent of 350,000 full-time workers in London in 2003, whilst annual expenditure by tourists is around £15bn. London is a popular destination for tourists, attracting 27 million overnight-stay visitors every year, second only to Paris.
From being the largest port in the world, the Port of London is now only the third-largest in the United Kingdom, handling 50 million tonnes of cargo each year. Most of this actually passes through Tilbury, outside the boundary of Greater London.
To be considered for these superb opportunities you will be a qualified accountant (CA, CPA, ACCA, ACA or equivalent) working in for an Accounting firm.
Competitive salaries and full relocation assistance will be provided.
Peter Keller
Hays International
TEB4LD