Wizz Air to overtake Easyjet as Luton Airport’s largest airline with arrival of new routes from next summer December 17, 2018 Ultra low-cost carrier Wizz Air has said it will overtake Easyjet as Luton airport's largest carrier once six new routes come into force from next summer. Wizz Air UK, a subsidiary set up as a Brexit contingency plan, will bring in two new Airbus A321CEO aircraft from next summer, along with six new routes. The announcement [...]
Focus On Bow: A population boom and the commercial success of nearby Stratford is boosting plans for new homes in E3 December 17, 2018 It may seem like a distant memory now, but the London 2012 Olympic Games promised a lot in the way of legacy. It anointed six east London areas – Newham, Tower Hamlets, Waltham Forest, Greenwich, Barking & Dagenham and Hackney – ‘Growth Boroughs’ and predicted that the money pouring into Stratford would emanate out to [...]
European banking watchdog tells lenders to stop keeping customers in the dark over Brexit December 17, 2018 The EU’s banking watchdog has hit out at lenders for not telling customers how they might be affected by Brexit. In a reproachful statement released this afternoon, the European Banking Authority (EBA) said it had found “little evidence of financial institutions communicating effectively to their customers on how they may be affected by the UK [...]
2019 Property Forecast: Here’s what the experts are predicting will happen to house prices next year December 17, 2018 It’s that time of year again, when people guess what’s happening next year. Only, it’s particularly entertaining this year because no one really knows what’s going to happen next week. Still, most of the UK’s big estate agencies have had a go, looking at house price growth in the UK and abroad, what effect Brexit [...]
Theresa May announces Brexit vote will be held week beginning January 14 December 17, 2018 Theresa May's Brexit deal will finally be voted on by MPs in the week beginning January 14, the Prime Minister has confirmed. Speaking in the Commons on Monday afternoon, May announced the do-or-die date for her EU withdrawal agreement, having cancelled vote last week in the face of a huge defeat by her own party. [...]
City financier Edi Truell agrees to fund £500,000 to company to solve Irish border problem December 17, 2018 The question of the Irish border appears to have eluded many of our politicians, but one City financier has come up with his own solution. Edi Truell, co-founder of private equity and venture capital firm Disruptive Capital Finance, has said he is willing to stump up £500,000 to pay for a high-tech system for the Irish [...]
Don’t spend a penny: Network Rail to scrap all toilet charges from April next year December 17, 2018 Network Rail is to scrap toilet charges at all of its stations from 1 April. In March the former chief executive of Network Rail, Mark Carne, pledged to scrap the charge at all of its stations from 2019, saying it was "quite wrong to penalise people when they are in discomfort". Currently charges at stations in London, [...]
Shareholders cash in as Hitachi snaps up ABB division for nearly £8bn December 17, 2018 ABB shareholders will pocket the cash as it sells off its least profitable business arm for between $7.6bn and $7.8bn (£6bn-£6.2bn) to Japanese conglomerate Hitachi. The deal values the power grids unit at $11bn and leaves ABB with a nearly 20 per cent stake, with the option to sell in three years. It comes after [...]
Sotheby’s wine sales hit $100m in record-breaking year for fine wines at auction December 17, 2018 Annual wine sales at Sotheby's this year surpassed $100m (£79.35m) for the first time, driven by growth in its retail arm and record-breaking auction sales. Earlier this year, the auction house broke the record for the most expensive bottle of wine ever sold under the hammer with the $558,000 sale of a 1945 Romanée Conti Burgandy wine. Another bottle of the same wine sold [...]
Uber to hire team for Jump electric bikes launch in the UK December 17, 2018 Ride-hailing giant Uber is exploring plans to launch operations of its electric bicycle arm in the UK, entering an already-crowded space from the likes of Chinese startups Ofo and Mobike. Uber bought electric bike startup Jump in April, and has since been trialling the use of its bikes in the US and Germany. It is now [...]