The UK’s best and worst train companies ranked by passengers January 16, 2018 Southern rail has been given the lowest customer score among train passengers, followed by Southeastern and Thameslink and Great Northern, according to a Which? report out today. The majority of 2,865 respondents said they hadn't seen any improvement in train services over a year, with 67 per cent saying they felt their service had stayed [...]
TfL doesn’t “fully understand” why passenger numbers are falling, says London Assembly Budget Committee January 16, 2018 London Assembly members are not convinced that Transport for London(TfL) "fully understands" why its passenger numbers are falling, according to a report out today. The London Assembly's Budget and Performance Committee has published a response to the mayor's draft budget, saying it was seeing more indications that TfL was experiencing "financial difficulties", which will impact [...]
Carillion boss Philip Green has previously been found guilty of a breach of trust over pensions January 16, 2018 Carillion's former chairman Philip Green has been previously found in breach of trust by the Pensions Ombudsman. Green was one of three to be censured by the body back in 1994 over their handling of wallpaper and home furnishings group Coloroll. Coloroll chairman John Ashcroft was found to have abused his control of a company [...]
Houlihan Lokey commits to London as it acquires corporate finance data and analytics specialist Quayle Munro January 16, 2018 New York-listed investment bank Houlihan Lokey has today acquired Quayle Munro, a UK advisory firm which has worked on some of the biggest recent fintech deals in the country. The boutique firm also specialises in data and analytics, to help advise businesses on their commercial and general management decisions. Houlihan believes that, with the addition [...]
Boom time: Clear Bank founder Nick Ogden on his efforts to start a British banking revolution January 15, 2018 Even in the ancient world of City banking, 250 years is a long time. Yet that was how long the UK has had to wait for a new clearing bank until Nick Ogden launched Clear Bank out of the blue last year. A decades-long consolidation of clearing banks – which provide banking services to other [...]
Carillion chairman Philip Green was a Number 10 adviser January 15, 2018 The collapse of construction firm Carillion has put the relationship of chairman Philip Green with government under the microscope. This morning the firm filed for liquidation after talks with Cabinet Office minister David Lidington and a number of other ministers over the weekend failed. Carillion employs 43,000 people, with nearly 20,000 in the UK. It [...]
London house prices dragged down by Zones 2 and 3 says Rightmove data January 15, 2018 The price of London homes coming to market fell sharply over the last year, as properties in Zones 2 and 3 slumped, according to new data to be published today. Homes brought to market in the capital are now an average of £21,000 cheaper, a 3.5 per cent fall over the last year, according to [...]
Eat’s owner Lyceum Capital chops investment team after its latest fundraise flops January 14, 2018 Lyceum Capital, the private equity backer of cafe chain Eat, is slashing its team after failing to raise a new fund. The 19-year-old firm, one of the UK’s oldest buyout houses, was targeting between £375m and £400m for its fourth fund. But after failing to receive enough commitments from investors, Lyceum called time and announced [...]
Gatwick just announced it had a record-breaking 2017 as passenger numbers near 46m January 12, 2018 Gatwick Airport rounded off a trio of records for London airports, announcing today it welcomed 45.6m passengers last year. It comes after both Heathrow and Stansted reported their best years to date yesterday. Gatwick had its busiest December on record, with 3.2m passengers travelling through the airport, up 1.5 per cent on the same time [...]
Emma, the “banking app for millennials”, gets FCA approval and announces it will integrate Monzo and Revolut January 12, 2018 London-based Emma Technologies, which calls itself the "banking app for millennials", has today won approval from the City watchdog to provide payment services. The Financial Conduct Authority (FCA) gave the nod to the mobile-only app just over a month after it launched its beta service, helping consumers avoid overdrafts, find and cancel subscriptions and track [...]