Labour’s in a hole and it just keeps digging July 25, 2016 This is the time of year when the City starts to feel a little quieter. Indeed, the desire to find a bit of post-referendum down-time is likely proving irresistible. But spare a thought for one group of people who are already dreading the return to work: Labour MPs. Their party will spend the summer locked [...]
MPs call for “urgent” decision on airport expansion July 24, 2016 A final decision on expanding the UK's airport capacity needs to be made "urgently", a group of MPs have said, with further delay putting the economy at risk. A report from the British Infrastrucutre Group (BIG), a cross-party group led by Grant Shapps, urged Theresa May to make a decision "to show the new leadership's mettle". Read more: Heathrow [...]
It’s International Busking Day: Here’s what’s happening in Trafalgar Square today July 23, 2016 Today is International Busking Day, and the capital is celebrating with a line-up of our favourite musicians, in Trafalgar Square from 12pm to 8pm. Although mayor Sadiq Khan launched it yesterday with the likes of Corinne Bailey Rae, Olly Murs and an awkward photoshoot with British pop rock band The Vamps, today’s line-up includes London’s best-known [...]
The London Metal Exchange is going to Essex for a summer holiday July 22, 2016 The London Metal Exchange (LME) is leaving the Square Mile for a while – and moving its trading base to Essex. The Exchange, which is usually based at 10 Finsbury Square, has been informed by its landlord that a structural issue within the building, which was discovered last weekend, would take longer than originally expected to resolve. [...]
London travel watchdog calls for action on Southern Rail July 22, 2016 London TravelWatch has called for an independent review of the Southern Rail franchise, after the train company slashed the number of services it provides. The independent travel watchdog, which is funded by the London Assembly, said it was greatly concerned "about the continuing poor performance and unreliability that Southern Rail passengers are facing". London TravelWatch [...]
Heathrow boss says Brexit means airport expansion plans need to move forward as company reports revenue grew to £1.3bn in first half of 2016 July 22, 2016 Heathrow boss John Holland-Kaye today said expanding the west London airport will give Britain the post-Brexit boost it needs, as the company reported revenue and profit grew in the six months to 30 June. Revenue was up one per cent to £1.32bn, from £1.31bn in the same period of 2015, while pre-tax profit jumped 8.7 [...]
Fire alert at London Bridge station hits Jubilee line service between Canary Wharf and Waterloo ahead of rush hour commute July 21, 2016 There are severe delays on the Jubilee Line this afternoon due to an earlier fire alert at London Bridge. The line was earlier closed between Canary Wharf and Waterloo. TfL said the Northern Line has not been affected. London Fire Brigade was contacted just after 3pm today to investigate reports of the smell of smoke in [...]
Frankfurt eyes “once in a century” Brexit business opportunity July 21, 2016 Frankfurt businesses believe the city has “once in a century chance” to capitalise on the UK’s Brexit vote, according to a new study. The city can act as a “bridge” between London and Europe, the Financial Centre Frankfurt group has said. But the majority of 400 German businesses surveyed want to see the UK’s access to the single [...]
Sainsbury’s creates 900 new jobs at fulfilment centre in London July 21, 2016 Sainsbury’s announced this morning that it is creating 900 jobs at its new online fulfilment centre in Bromley-by- Bow in east London. The 185,000 sq ft centre, due to open this autumn, was built as part of the retailer’s strategy to cater for growing demand in the capital for its online groceries service. At the moment, online orders are picked [...]
The Brexit vote will halve expectations of economic growth for the UK’s largest cities, according to the CEBR July 20, 2016 Some of the UK's largest cities will see economic growth drop by as much as half next year, according to one think tank, although some will be set to recover by 2018. A study of 38 cities by the Centre for Economics and Business Research found that while all would continue to grow, the expectations for [...]
