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Business

  • BT chief executive Gavin Patterson will step down this year as chairman says there is ‘a need for a change of leadership’

    June 8, 2018

    BT Group chief executive Gavin Patterson will step down at the end of the year, with a search now underway to find his successor. The telecoms giant expects to have its next chief executive in place by the second half of the year, with Patterson continuing to serve as chief executive until then. Read more: [...]

  • Oxford Street pedestrianisation plans cancelled: Mayor Sadiq Khan hits out at ‘betrayal’ of millions of Londoners

    June 8, 2018

    The mayor of London Sadiq Khan has hit out at the "betrayal of millions of Londoners" after Oxford Street pedestrianisation plans were shelved by Westminster City Council yesterday. "This will be seen as a betrayal of the millions of Londoners and visitors to our city who would have benefited from making Oxford Street a safer, [...]

  • Ken Clarke: Pro-Brexit ministers should back Theresa May or resign

    June 8, 2018

    Brexiter Cabinet ministers should either back the Prime Minister or resign, one of the most senior figures in the Commons has said. Father of the house Ken Clarke told City A.M. this week had seen "diabolical" behaviour by Eurosceptics on the front and backbenchers, resulting in a "fairly shambolic" couple of days in Westminster. In [...]

  • Sadiq Khan’s meddling is a bigger threat to London than Brexit

    June 8, 2018

    Next week’s vote in the House of Commons to either accept or throw out their Lordships’ amendments to the European Union (Withdrawal) Bill has all the appearance of being the defining moment for what type of relationship we are likely to have with the EU. As is usual with everything to do with Brexit, to [...]

  • Abortion and customs deals collide over the Irish border

    June 8, 2018

    It all started with wood pellets. The Renewable Heat Initiative (RHI) launched in Northern Ireland in 2012, providing subsidies for switching to low-carbon energy sources, such as biomass generators that burned wood chips. Unfortunately, the subsidies were worth more than the fuel cost, and no cap was set. This led to a bizarre situation where [...]

  • TfL to track bus passenger journeys in a bid to reveal new commuter data

    June 7, 2018

    Transport for London (TfL) has said it will be trialling new tactics for automatic passenger counting for three months, in an attempt to improve services with real-time travel information. Beginning on June 8, TfL will use technology like cameras aimed at the floor to track footsteps, door sensors and wifi connection data to identify the [...]

  • Whitbread open to sale of Costa or Premier Inn as it weighs up coffee chain demerger

    June 7, 2018

    Multinational hospitality titan Whitbread may be open to selling off either Costa Coffee or hotel chain Premier Inn as it decides on plans to demerge its coffee business. Back in April, the company told investors it had plans to demerge Costa into a separate listed company within two years to give shareholders "an investment in [...]

  • Revealed: The UK cities where £1m properties sell fastest

    June 7, 2018

      Homes worth £1m or more have sold most quickly in Cambridge this year, taking only 45 days on average to secure a buyer – twice as fast as the national average According to property website Rightmove, the top five fastest selling million pound locations are all outside of London: Edinburgh and Harpenden are in [...]

  • Richard Branson says ban on diesel and petrol-fuelled cars should be brought forward to 2025

    June 7, 2018

    Richard Branson, a new pioneer of electric cars, has said the ban on petrol and diesel vehicles should be brought forward from 2040 to 2025. Speaking at a Formula E event, the tycoon said the UK should follow in the paths of environmentally friendly countries Norway and the Netherlands, who have a 2025 ban in [...]

  • Full list of 31 House of Fraser closures includes Oxford Street and City of London locations

    June 7, 2018

    House of Fraser's flagship Oxford Street store will close as part of the decision to shutter 31 stores which was confirmed this morning. The City of London will also lose its House of Fraser, which is currently situated on King William Street. Some of House of Fraser's stores have been subject to staggering business rates [...]

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