Heathrow and Gatwick fly to new heights as the London rivals both announce a record February March 10, 2017 February has been a bustling month for London’s two largest airports, as both Gatwick and Heathrow reached record-breaking passenger numbers. Again. Gatwick Airport recorded its busiest-ever February, as three million passengers used it, up 9.9 per cent from the same month last year. Once more, long-haul routes proved a key area of growth, soaring 20.3 per cent, while cargo [...]
Inflation expectations hit highest levels since 2013, Bank of England survey finds March 10, 2017 Britons are anticipating big price rises over the coming year, new data from the Bank of England out today shows. Members of the public quizzed in February expect inflation to rise 2.9 per cent over the next year, up from a 2.8 per cent estimate in the Bank’s previous survey in November. The 2.9 per [...]
London Overground, Greater Anglia and Stansted Express train services disrupted with delays into Liverpool Street station due to wiring problems March 10, 2017 There are severe delays on trains into Liverpool Street station this morning, after lines were blocked earlier due to overhead wire problems. National Rail said the overhead wire problem at London Fields has now been fixed and all lines have reopened, but warned journeys between London Liverpool Street and Hackney Downs may still be disrupted, [...]
BT and Ofcom’s Openreach deal: Here’s how City analysts, competitors and consumer groups reacted March 10, 2017 BT and telecoms regulator Ofcom this morning announced that they'd settled their differences over the future of Openreach, the company that owns the majority of Britain's telecoms infrastructure. It's been a long road for both parties, and it did appear that Ofcom was going to be forced into going to European authorities to force through [...]
MPs urged to leave parliament before a “catastrophic failure” occurs March 10, 2017 A Commons committee has urged MPs to vacate the Palace of Westminster for renovations because "doing nothing is not an option" and there is a "risk of catastrophic failure" if the building remains occupied. The Public Accounts Committee (PAC) has recommended that MPs leave the historic building for six years while essential repairs, which could cost [...]
UBS has slashed its bonus pool by almost a fifth March 10, 2017 UBS has become the latest investment banking giant to slash its bonus pool as uncertain conditions continued to bite for the world's largest lenders. In the annual report it published today, UBS revealed its bonus pool has fallen 17 per cent, from SFr 3.5bn (£2.84bn) in 2015 to SFr 2.9bn in 2016. Meanwhile, chief executive Sergio Ermotti kept [...]
Rolls-Royce crushed 1,000 diamonds to take luxury cars to a whole new level with this bespoke Ghost March 10, 2017 Just in time for the end of the Geneva Motor Show, luxury car maker Rolls Royce has rolled out its newest luxury: diamond paint. The paint colour itself is dark grey, but contains the dust of 1,000 “ethically sourced” diamonds, according to the company. In photos, the paint glitters rather underwhelmingly in the light, but [...]
Tim Martin, chair of JD Wetherspoon, says the Budget didn’t do enough for Britain’s pubs March 10, 2017 JD Wetherspoon chairman Tim Martin has hit back at chancellor Philip Hammond's Budget, arguing it doesn't do enough to support pubs from increasing cost pressures. Wetherspoon's share price dipped in morning trading as investors took note of Martin's warning that lower sales and increased costs in the second half of the year will hit the [...]
Travel chaos: Severe delays on the Central Line after train derails at White City March 10, 2017 Commuters are facing travel chaos in central London this morning, with severe disruption on the Central Line. Services on the red line have are subject to severe delays after an engineer's service train derailed at White City. A replacement bus is being provided. Transport for London said engineers are at the site working to resolve [...]
Here are the best London commuter towns – with house prices you can actually afford March 10, 2017 London life is not for everyone; it's noisy, the houses are too expensive and the pints aren't cheap either. So if you're looking to get away from it all, but you don't want to give up your City job, where is the ideal place to settle down? Read more: This is what the Budget had [...]