Revealed: Mayor’s plans to pedestrianise London’s Oxford Street next year November 6, 2017 Radical plans to pedestrianise Oxford Street are set to get underway next year to provide a traffic-free space in central London in time for the full launch of Elizabeth Line services. London mayor Sadiq Khan and the deputy leader of Westminster City Council Robert Davis, announced the plans this morning to banish buses and black [...]
Lotus Evora GT430 review: The first Lotus to break £100k has the racing chops to justify its price tag November 6, 2017 This summer, Lotus became part of the same family as Volvo and the London Taxi Company. It made a deal with Zhejiang Geely Holding Group, hoping the Chinese company can work the same magic on its Norfolk cars as it did on Volvo. Jean-Marc Gales, the ever-enthusiastic Frenchman responsible for turning a profit at Lotus [...]
Shefa Yamim to list in London after finding sapphires and rubies in Israel November 6, 2017 Israeli precious stones company Shefa Yamim announced its intention to list in London today as it gears up to go ahead with its first big project. The company primarily operates in Northern Israel, where it has carried out extensive exploration and bulk sampling, recovering sapphires, rubies and moissanite crystals. The company has even registered one [...]
Convatec shares recover as UBS upgrades colostomy bag maker after its stock hit a record low on the London Stock Exchange November 6, 2017 FTSE 100 medical supplies maker Convatec has bounced back today after its shares hit a record low on Friday. Shares in the colostomy bag manufacturer led the blue chip risers, climbing almost 5.9 per cent to 192.7p. Renewed fears that it could lose out to Danish rival Coloplast pushed the price down to a record [...]
Ford VP Stephen Armstrong and BT Group chief executive Gavin Patterson warn over Brexit transition deal ‘certainty’ November 6, 2017 Bosses of Ford and BT have today ramped up their warnings over the need for clarity on Brexit, identifying early next year as the point of no return for a transition deal to be struck. Steven Armstrong, vice president of EMEA for Ford, said although the auto firm was “the poster boy” for globalisation it [...]
Bank of England: Interest rates, Mark Carney, Monetary Policy Committee and the economy November 6, 2017 Last week’s Q3 economic growth figure of 0.4 per cent saw Sterling shoot up by 1 per cent against both the Dollar and the Euro. It was a predictable response from currency markets, which bought the Pound in the belief the better than forecast number made an interest rate hike a foregone conclusion. And markets [...]
The rise of young Asia: how millennials are transforming a region November 6, 2017 | City Talk There seems to be a growing view that Asia has a problem with ageing. It is certainly true that maturing populations will soon be putting pressure on workforces in countries like China, Korea and Taiwan. But, this misses the point: there is a huge shift of economic power to a growing and increasingly wealthy Asian [...]
Bollington and Wilsons insurance brokers merge as private equity firm Inflexion buys both November 6, 2017 Private equity firm Inflexion has boasted a double buyout this morning, as it announced the acquisition of Bollington Insurance Brokers and Wilsons Insurance Brokers. The UK-focused firm also added that it would merge the two companies to create Bollington Wilson Group, which will generate annual gross written premiums in excess of £120m. Both Bollington and [...]
Church of England says it may sell out of mining stocks unless they clean up their acts November 6, 2017 The bodies in charge of the Church of England’s investment strategy have warned they may sell up their holdings in miners, unless the companies in question commit to changing how they do business. In a new policy launched by the Church’s National Investing Bodies (NIBs), which include the Church Commissioners, the Church of England Pensions [...]
Tube problems will “continue all day” after seven lines were suspended at rush hour November 6, 2017 Problems on at least one Tube line are set to continue for the rest of the day, after a nightmare rush hour in which seven Tube lines were hit by suspensions or delays. Nigel Holness the director of network operations at London Underground, apologised to customers, but said problems on the District Line are likely [...]