London Overground Night Tube service arrives today: Here’s what you need to know about the new 24-hour service, including route map and timings | City A.M. December 15, 2017 You may have heard the Night Tube is expanding once more, and branching out to the London Overground this week. From tonight, new 24 hour services will get underway each Friday and Saturday between Dalston Junction and New Cross Gate. Here’s what you need to know about the rollout, including whether more Night Tube services [...]
Russian navy could cut cables between US and NATO nations including the UK December 15, 2017 Russian submarines could cut off communications cables between the US and the UK, a defence chief has warned. Sir Stuart Peach, chief of the British defence staff, said that Russian ships have been spotted close to Atlantic cables which are essential for international commerce and the internet. A report by think tank Policy Exchange estimated [...]
Chairman and remuneration committee head resign from FTSE 100 housebuilder Persimmon over huge payouts December 15, 2017 The chairman of Persimmon is to resign, a day after City A.M. revealed that the housebuilder is set to hand over huge payments to its senior team. Nicholas Wrigley has said he will leave the company once a successor has been found. Senior independent director Jonathan Davie, who chaired the remuneration committee, also resigned yesterday. [...]
London office bonanza as City deals drive record take-up December 15, 2017 Businesses continued to flock to the capital in last month, leasing a staggering 1m sq ft of new office space, according to new figures – boosted by the highest take-up in the City since 2004. Data by CBRE showed the amount of office space leased in central London rose 36 per cent in November compared [...]
Disney’s decision to buy 21st Century Fox is good news for viewers, honest December 15, 2017 Yesterday’s decision by Disney to buy 21st Century Fox for $52bn coincided with a data release from the UK’s Office for National Statistics showing the strength of the UK’s film industry. The figures suggested the sector added £7.7bn to the economy last year, up from £5.6bn in 2015 and just £1.8bn in 2008. The release [...]
Editor’s Notes: When politicians slip up we miss the point they’re trying to make, Bell Pottinger missed out on bitcoin and David Davis gets fired December 15, 2017 Philip Hammond isn’t known for deploying political nuance. To his critics, he has a tin ear for politics. Blurting out on TV that “there are no unemployed people”, for example, wasn’t the move of a smooth, PR-trained politico. We all knew what he was trying to get at (that the rise of personal computers hadn’t [...]
LSE’s chairman bruiser Donald Brydon bruised but unbowed, another corporate Saga and N+1 Singer’s silence December 15, 2017 There are few more obvious boardroom caricatures than that of the trigger-happy chairman, so it hasn’t been difficult to cast Donald Brydon in the role of executive assassin. Next week, the effort to oust him from the London Stock Exchange Group (LSEG) will reach its damp squib of a denouement. To Sir Christopher Hohn, boss [...]
Andrew Bailey: Bitcoin investors should be prepared to lose all their money December 14, 2017 The chief executive of the Financial Conduct Authority (FCA) has tonight issued a stark warning about the cryptocurrency bitcoin. Speaking on the BBC’s Newsnight, Andrew Bailey said: “If you want to invest in bitcoin, be prepared to lose all your money.” He noted that the FCA did not regulate bitcoin, just the financial instruments it [...]
Steinhoff’s shares sink again as chairman quits and retail giant says it must restate 2016 accounts December 14, 2017 South African retail giant Steinhoff saw its chairman quit this evening, after the group said earlier in the day it will need to reissue its financial figures for 2016. The retail giant said that tycoon and major shareholder Christo Wiese had offered to resign, to reinforce the independent governance of the company, and that the [...]
Roy Hodgson: TV rescheduling over Christmas will take its toll on Crystal Palace squad December 14, 2017 Crystal Palace manager Roy Hodgson has bemoaned “harsh” fixture re-scheduling for TV that requires his side to play three Premier League games in six days over the Christmas period. The Eagles host Arsenal on Thursday 28 November, two days after most clubs play on Boxing Day, in an 8pm kick-off on Sky Sports. Hodgson’s men [...]