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 [...]
JD Wetherspoon’s share price dips as chair Tim Martin cautions of lower sales and added costs in the second half March 10, 2017 JD Wetherspoon's shares fell more than three per cent after the pub group reported half-year results slightly ahead of expectations but warned of a difficult second half to come. The figures The pub owner and operator said profit before tax and exceptional items jumped 42.8 per cent to £51.4m from £36m for the 26 weeks to 22 January. Like-for-like sales [...]
British citizens should retain EU rights, says European Parliament’s chief Brexit negotiator Guy Verhofstadt March 10, 2017 The European Parliament’s chief Brexit negotiator has said British citizens should be able to retain EU membership benefits. Guy Verhofstadt, who described the EU referendum result as a “tragedy”, wants a system in which Brits can retain freedom to travel in the continent and vote in European elections. Read more: EU negotiator Guy Verhofstadt says Churchill [...]