No more deals: Axa to decline future acquisitions after blasting through the €100bn barrier February 23, 2017 France's largest insurer Axa is big enough and is not eyeing any future transactions, especially as "Frexit is a probability", its chief executive said today. Passing the €100bn (£84bn) revenue barrier for the first time, Axa revealed in its annual results underlying growth of in earnings of four per cent to €5.7bn. Read more: Axa UK's chief [...]
This London developer will build homes on rooftops in just 45 weeks February 23, 2017 Apex Airspace, a company that uses so-called modular construction techniques to create homes on rooftops, is embarking on a £11.5m scheme together with Lambeth & Southwark Housing Association. The group will build 28 new flats on a site in Southwark, 11 of which will be affordable rental homes. Apex has also agreed to renovate the existing building [...]
Banks and building societies create more than one-in-10 jobs in five locations across the UK February 23, 2017 The importance of the banking sector in the UK's jobs market has been laid bare by new figures from the British Bankers' Association (BBA). A jobs report from the BBA shows that banks and building societies represent more than 10 per cent of local jobs in five parliamentary constituencies, four of which are outside London. Two [...]
Storm Doris: A man has been injured in an incident at Victoria station February 23, 2017 A man has been hospitalised after receiving a head injury when he was hit by falling debris caused by high winds at Victoria station. The London Ambulance Service was called at 2.59pm to reports of an incident on Victoria Street, and sent an ambulance crew, a single responder in a car, an incident response officer and [...]
John Lewis to cut almost 400 jobs February 23, 2017 John Lewis is cutting around 380 jobs as it shakes-up parts of its home and catering businesses. Around 773 employees at the department store will be entering a consultation period, during which the business will assess whether to keep them on for the 386 jobs it is creating in other areas. Read more: The 30 [...]
RSA boss Stephen Hester explains the real driving force behind the firm’s success February 23, 2017 RSA’s boss has revealed the secret of the firm’s success: the 2013 crisis that led to nearly a third being wiped off its market capitalisation. The insurer today beat market expectations with its 2016 results after a year that has seen the firm’s share price increase by 40 per cent already, with shares advancing five per [...]
Tandem chief executive to retire with the bank due to launch within months February 23, 2017 Peter Herbert is to step down as chief executive of digital bank Tandem with the challenger due to finally launch inside the next few months. Herbert will retire in the next few weeks, with deputy chief executive and co-founder Ricky Knox stepping up to replace him. Banking veteran Herbert only joined the start-up 15 months [...]
Intu boss David Fischel : The UK is way out of line with its international peers on business rates February 23, 2017 Intu ruled the FTSE 100 roost this morning after the shopping centre giant increased its dividend, despite reporting a fall in profits. The retail property group's profits dropped more than 60 per cent but its dividend was up two per cent, at 14p per share. Revenues grew four per cent to £594.3m, from £571.6m the year before. While [...]
Storm Doris leads to train delays as tree falls on rail tracks – travellers are advised to avoid Euston station February 23, 2017 Storm Doris is wreaking travel chaos across the country today, with rail service disruptions set to continue all day. All west coast services out of Euston have been cancelled, and Transport for London has advised travellers to avoid the station if possible. https://twitter.com/victorialine/status/834759837208760320 London Thameslink services are severely disrupted, and there will be no direct service [...]
Storm Doris hits London: Heathrow warns of flight delays and cancellations due to strong winds February 23, 2017 Storm Doris has arrived and Londoners are waking up to strong winds in the capital this morning. Earlier this week the Met Office issued a severe weather warning for London ahead of Storm Doris' arrival, and forecast winds of up to 50-60mph, along with ice, snow, rain and fog. The storm is also causing disruption [...]