Network Rail’s rollout of free drinking water across London train stations has just started with Charing Cross March 22, 2018 The first of Network Rail’s free water fountains has been set up at a London station as part of its efforts to slash the impact of plastic waste. Today, Charing Cross was the first to get a water fountain, with plans for Victoria, London Bridge and Cannon Street to follow within a year. Charing Cross [...]
Hollywood’s Michael Sheen warned home credit crusade could force millions of Brits into the hands of illegal loan sharks March 22, 2018 Britain’s second-biggest sub-prime lender today hit back at Welsh Hollywood star Michael Sheen and his crusade to clamp down on the home credit sector. The End High Cost Credit Alliance, founded by the star of Alice in Wonderland and the Twilight Saga, is campaigning for “a fair, affordable credit product”. High cost credit is unfairly [...]
Bank of England policymakers split on rate hike: Here’s how the City reacted March 22, 2018 Sterling spiked in the aftermath of the Bank of England’s decision to keep interest rates steady today, as two members of the monetary policy committee (MPC) dissented in favour of hiking rates immediately. The pound hit $1.422 just after midday, as the Committee hinted strongly that a rate hike would come in May. Here’s what [...]
Russian ambassador: UK is in breach of Vienna Convention for blocking access to Skripals March 22, 2018 The Russian ambassador to the UK has implied the British authorities may have been behind the attack on Sergei Skripal and his daughter Yulia, adding the country is in breach of the Vienna Convention for blocking access to “our compatriot”. Speaking from London this afternoon, Alexander Yakovenko claimed it was suspicious that the UK had [...]
Land Rover will build just 999 of its new Range Rover SV Coupe and even a £240,000 price tag isn’t stopping people queuing up to buy it March 22, 2018 The Range Rover SV Coupe, revealed at this year’s Geneva International Motor Show, is billed as the fastest and most exclusive car ever launched by the Solihull firm. With prices starting from £240,000, it’s certainly the most expensive. Developed by the company’s Special Vehicle Operations (SVO) bespoke division, just 999 will be made, each using [...]
Pound rises as Bank of England policymakers vote 7-2 to hold interest rates, but hint at a May hike (GBP USD EUR) March 22, 2018 The Bank of England’s monetary policy committee (MPC) has voted to hold interest rates at 0.5 per cent, but has hinted a hike may be on the horizon. Policymakers agreed 7-2 to keep rates steady, saying that Brexit developments and the reaction of households, businesses and asset prices to these developments “remain the most significant [...]
Donald Trump defends congratulating Putin on election after it emerges he ignored aides’ demand not to; Jean-Claude Juncker defends own letter March 22, 2018 US President Donald Trump has defended his move to congratulate Russian counterpart Vladimir Putin, after it emerged he ignored explicit instructions not to. In a series of late-night tweets, Trump insisted he was right to have offered his congratulations, concluding with the sign off “Peace through Strength”. He was responding to reports that claim he [...]
Philip Hammond unveils string of measures to bolster growing fintech industry | City A.M. March 22, 2018 Philip Hammond has unveiled a new fintech strategy as the government looks to bolster the growing sector ahead of Brexit. The chancellor this morning unveiled a string of measures, including a move towards automating regulatory compliance which he said would help by “reducing costs for financial services firms and removing a key barrier for fintechs”. [...]
Interserve share price soars after striking lender rescue deal March 22, 2018 Interserve was the leading gainer on the FTSE All-Share this morning after the firm yesterday revealed it had secured a make-or-break funding package. Shares rose more than 12 per cent in opening trading building on a surge of a quarter yesterday. They are currently almost eight per cent higher. The firm said yesterday it had [...]
China warns of trade war as Donald Trump mulls new tariffs March 22, 2018 Donald Trump could be about to spark another trade war, this time with China, as the US President is poised to announce an estimated $50bn of tariffs over intellectual property violations stemming from the country. Bloomberg reports that the US will target around 100 different products, and the value of the tariffs is based on [...]