TfL gets green light to sign £1.5bn contract with Siemens for Piccadilly Line upgrade November 20, 2018 Transport for London (TfL) has signed a £1.5bn contract with Siemens to design and build a new fleet of Piccadilly Line trains after the High Court lifted a temporary restriction that had put it on hold. TfL first announced it was awarding Siemens with the contract in June, but its ability to sign the contract was put [...]
London-listed broadband firm Kcom sees shares crash after profit warning November 20, 2018 London-listed telecoms company Kcom lost a third of its value this morning after it said its trading performance for the current financial year was “weaker than originally expected”. Shares plunged 35 per cent from 91.8p last night to 59.5p shortly before noon. Kcom is a Hull-headquartered telecoms and broadband provider which focuses on providing services [...]
No swearing! Elon Musk renames BFR rocket Starship November 20, 2018 Space X boss Elon Musk tweeted today that the BFR rocket that is costing the company roughly $5bn (£3.9bn) to develop has been renamed. Officially called the Big Falcon Rocket, it is also widely known as the Big F*****g Rocket. Musk has said the BFR name was inspired by a weapon in computer game Doom called the [...]
Mark Carney says a no-deal Brexit would be the ‘worst outcome’ for the Bank of England November 20, 2018 Mark Carney today told the Treasury Select Committee that a "no-deal" Brexit would be the "worst outcome" for the Bank of England. The BoE governor said he expected May's draft withdrawal agreement to "support economic outcomes" and welcomed the transition period, which is due to end in 2020. The transition period begins on 29 March 2019 and lasts [...]
Ghosn is not fit to lead Renault after arrest, says French finance minister November 20, 2018 Renault chairman and chief executive Carlos Ghosn should not remain in charge of the company following his arrest in Japan, the French finance minister said today. “Carlos Ghosn is no longer in a position where he is capable of leading Renault,” Bruno Le Maire told local media, according to Reuters. “Nevertheless, we have not demanded [...]
This government will use free enterprise as a force for good November 20, 2018 Last week, Cabinet Office staff visited a company called Clarity, a soap-making social enterprise established in 1845. In addition to sampling some of the excellent soap they supply to our department, they met the employees who make their products, all of whom have disabilities or long-term health conditions. Clarity is deeply committed to supporting and [...]
Imposter syndrome is real, but don’t let it make you feel like a fraud November 20, 2018 I have a confession. My whole working life, I have carried a secret: I feel like I’m going to be found out. This feeling is called “imposter syndrome”, and through telling my story, I have learned that I am not alone. Some of the best of us have experienced it: Albert Einstein, American poet and [...]
John Lewis, Sainsbury’s, or M&S? Whose Christmas ad was best this year November 20, 2018 So this is Christmas. And what have you done? Another year over, and the festive ads just begun. Yes, ’tis the season for brands to splash the cash on fancy holiday-themed adverts in hope of attracting that sweet Christmas shopping revenue. Retailer John Lewis has been the reigning champion of the season for the past [...]
Airbnb sparks controversy by removing listings in the occupied West Bank from its website November 20, 2018 Online rental service Airbnb has said it will remove from its website all homes in Israeli settlements in the occupied West Bank. The US firm said it made the decision because settlements were "at the core of the dispute between Israelis and Palestinians". Airbnb said that while domestic law permitted it to "engage in business" in the [...]
Tandem Bank takes in £15m from Convoy in Hong Kong expansion November 20, 2018 Fintech challenger bank Tandem has today closed a strategic partnership with Convoy Global Holdings, a Hong Kong-based financial services group which will make the London startup one of the first digital banks to launch in the city. Convoy is investing an initial £15m into Tandem Bank as part of the deal, which will provide Tandem with [...]