The enigmatic city of London is widely regarded as one of the premier business and finance capitals of the world. So much so that in recent years London has begun to challenge New York City’s position as ‘the financial capital of the world’. The City of London is main business district in London. This area which is also known as ‘the Square Mile’ has functioned as the epicenter of financial sector in London since the 19th century. Institutions like The London Stock Exchange, the Bank of England and Lloyd’s of London Insurance along with nearly 500 banks are all located within the City of London which extends over just one square mile (1.12 mile² / 2.90 km²). However since 1991 London has also been equipped with a second business district in the form of the Canary Wharf area which is located a few miles east of the City in the Tower Hamlets area. Both these areas in London play host to a wide variety of financial and legal institutions which specialize in various spheres such as Eurobonds, the foreign exchange markets, energy futures, alternative investments and global insurance.

Apart from being a financial hotspot London, is also a major international communications center which is home to a numerous media outlets. All the major and most important media organizations in the UK have their headquarters in London. The most prominent of all these media organizations is but of course, the world renowned and well respected source for information, the British Broadcasting Corporation which is popularly referred to as simply the ‘BBC’. Apart from these media organizations, London is home to a slew of television networks, radio stations, publishing groups and advertising firms like Pearson, Reuters and the WPP Group. In addition the city also offers studio and post production facilities for the British Film Industry.

London is also home to the headquarters of some of the UK’s and Europe’s most prominent companies. Companies such as HSBC, Reuters, Barclays and the world’s largest law firm, Clifford Chance all have their global headquarters in London, a city that is well known for its extremely amenable business environment. This fact is further corroborated by a recent report which was put forth by Oxford Economics, the leading forecasting agency that estimates that London generates approximately 19% of the UK's GDP and accounts for 15% of all of the UK’s jobs. London’s unique place in the UK economy is further highlighted by the fact that Londoners’ contributed a total of £12.7 billion to UK public finances in 2005-6.

Apart from its serious business side, London is also well known for its innovative and creative character as well as the city is widely acknowledged as a leading fashion capital of the world which hosts a London Fashion Week and is the source of many global trends. As a result of all this hectic activity, the buoyant city of London is a well established destination on the business traveler’s map and it receives a regular influx of international consultants, businessmen, bankers, and oligarchs all year round.

To cater to the needs of these various business travelers, London is equipped with a well developed and extensive public transport network which is made up of iconic black cabs and red double-decker buses, and several railways and subways which operate both over and under-ground to provide connections within London and from the city to the rest of the UK and Europe. London is also equipped with five busy and bustling airports namely Heathrow, Gatwick, Stansted, Luton and the City airport which help to make the UK capital accessible from any corner of globe. London also offers a wide array of hotels and inns which aim to cater to every budget and include several business hotels like Claridge’s, The Courthouse Hotel Kempinski, The City Inn Westminster, the Metropolitan and the fabulously opulent Dorchester. London is often described as a leading multicultural destination which is equipped with a wide assortment of restaurants that accommodate all palates and provide business travelers with a place to unwind after a hectic day of deal-making or to continue conducting business over a delicious meal. Some of the popular business traveler’s haunts in London include restaurants like the Cinammon Club, the Savoy Grill, Wiltons, Zuma, Restaurant Gordon Ramsay and Hakkason amongst others.

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