Transport for London fears wider travel changes impact on passenger numbers as it faces near £1bn deficit February 13, 2018 Transport for London (TfL) has raised concerns falling passenger numbers could be part of a wider change in travel, according to internal documents seen by City A.M.. The capital’s transport body, known as TfL, finds itself at the centre of a political storm after forecasting a near-£1bn deficit, as it deals with lower-than-expected fare revenues. [...]
Shame on both the buyers and the sellers of volatility products February 13, 2018 Well this is more fun now, isn’t it? I mean, aren’t we all just a little bit more excited about equity markets now that strange concept of a “two-way market” has been reintroduced for the first time since the market carnage in 2016? Isn’t it great to finally see some of the most stupid and [...]
Manchester United top Premier League stadium naming rights table ahead of Manchester City, Chelsea, Tottenham and Arsenal February 13, 2018 Manchester United could earn an additional £26.2m per year by rebranding Old Trafford, according to a study on the growing value of stadium naming rights in the Premier League. United’s stadium naming rights are by far the most valuable in the English top flight and worth £7.1m more than those of Manchester City, says advisory [...]
Chelsea 3, West Bromwich Albion 0: Antonio Conte admits his relief as Eden Hazard inspires gloom-lifting victory February 12, 2018 Chelsea boss Antonio Conte expressed his relief after Eden Hazard turned on the style and inspired the defending Premier League champions to a gloom-lifting victory over bottom-of-the-table West Brom. Hazard netted twice, either side of a Victor Moses strike, as Chelsea recovered from back-to-back thrashings by Bournemouth and Watford and regained fourth place from Tottenham. [...]
Brexit: Theresa May and Leo Varadkar to work together on Irish border solution February 12, 2018 Theresa May and Irish taoiseach Leo Varadkar are to work together to agree “a comprehensive customs and trade agreement” for the Irish border after Brexit. The two leaders have pledged to work towards a solution that does not require Northern Ireland to remain in the single market. Speaking after meetings today in Belfast, Varadkar said [...]
Deloitte brought in to watch over Interserve for the UK government February 12, 2018 Deloitte has been drafted in by the government to watch over outsourcer Interserve, which holds a contract to manage a defence training base on Salisbury Plain. Interserve, which employs 80,000 people, issued a profit warning in September, sending its share price down by 50 per cent. The company has been monitored by the government ever [...]
Bank of England officials Jan Vlieghe and Ian McCafferty back rates to rise further February 12, 2018 Bank of England officials today continued to signal a likely rate rise in the coming months, reiterating the hawkish message sent last week. Jan Vlieghe, who is often seen as one of the more dovish members of the rate-setting monetary policy committee (MPC), said further interest rate hikes were likely, following the first increase in [...]
£4bn laundered through bitcoin and cryptocurrencies, Europol boss Rob Wainwright tells BBC Panorama – “Who Wants to be a Bitcoin Millionaire?” February 12, 2018 Criminals are funnelling billions of pounds of cash through bitcoin and other cryptocurrencies according to the head of the EU’s top law enforcement agency, Director of Europol Rob Wainwright has said that money laundering taking place via the unregulated digital cash could amount to as much as £4bn. That’s around three to four per cent [...]
Oxfam deputy chief executive quits over Haiti sex scandal February 12, 2018 The deputy chief executive of Oxfam has resigned, following allegations that the charity covered up incidents of sexual wrongdoing by aid workers in Haiti. Penny Lawrence has issued a statement saying she takes full responsibility for failing to “adequately act upon” concerns that were raised about staff behaviour in Haiti and Chad. Her statement reveals [...]
FTSE 100 and Wall Street bounce back after week of turmoil February 12, 2018 The FTSE 100 and companies on Wall Street rose today after a week of big losses following global stock market turmoil. London’s blue-chip companies gained more than 1.2 per cent by the mid-afternoon, with highs just short of the 7,200 points mark. The S&P 500, the US benchmark, rose by 1.2 per cent at the [...]