Dyson is suing former CEO Max Conze November 15, 2017 Dyson became embroiled in a legal row with its former chief executive today, after it filed papers with the High court alleging he had leaked confidential information to third parties. It is understood Max Conze, who stepped down suddenly in October after six years as chief executive, is accused of leaking company secrets, using company [...]
Area guide for property in Richmond November 15, 2017 In a list compiled by accountancy firm Grant Thornton last year of the most “vibrant” places in England to live and work, Richmond-upon-Thames was the only place in London to qualify for the list. With more green space than anywhere else in the capital – and its biggest, most deer-stuffed Royal Park – Richmond is [...]
European Central Bank to international banks: Your Brexit plans are not up to scratch November 15, 2017 Banks’ plans for operating in the EU after Brexit are not yet good enough, the European Central Bank (ECB) warned today. International banks currently using London as their base for operations are likely to have to establish a new subsidiary in the Eurozone to continue to take advantage of passporting, which allows them to service [...]
Train delays in and out of London Liverpool Street due to signal failure: Greater Anglia; London Overground; Stansted Express; TfL services disrupted November 15, 2017 There are delays on services in and out of London Liverpool Street rail station this afternoon due to a signalling issue. A problem at Liverpool Street means that trains to and from the station are disrupted, National Rail said. Trains will be cancelled or delayed until 14:15. The disruption is affecting Greater Anglia, London Overground, [...]
Brexit rebels warn EU Withdrawal Bill “shall not pass” without key amendments – but insist they’re not frustrating the process November 15, 2017 Brexit rebels have told City A.M. the government’s new law “shall not pass” unless key amendments are made – but stressed they are not frustrating the process. Several Conservative MPs were outed by the whips’ office last night as “mutineers”, who are seeking to thwart the process. But today they have fought back, insisting they [...]
Oil and commodities prices: Mining firms drag the FTSE down as commodity prices drop November 15, 2017 Commodity prices tumbled this morning, dragging miners and oil firms down and causing Britain’s blue-chip index to dip. Metals including copper, nickel, zinc and aluminium came under pressure as concerns mounted over weaker economic data in China. Chinese industrial production fell to 6.2 per cent in October, missing estimates of 6.3 per cent growth and [...]
New Bond Street overtakes Champs Élysées to become Europe’s most expensive shopping street November 15, 2017 London’s New Bond Street has overtaken the Champs Élysées to become the most expensive place in Europe for retailers to have a store. With a price of $1,720 (£1,305) per square foot per year, New Bond Street is the third most expensive shopping hotspot in the world, after Upper 5th Avenue in New York and [...]
Old Mutual Wealth changes name to Quilter with IPO on track for 2018 November 15, 2017 Old Mutual today revealed the new name of the wealth management arm it is planning to spin off next year. The FTSE 100 firm picked Quilter, a brand with roots dating back to the 18th Century, as a replacement for Old Mutual Wealth. Plans to spin off the wealth management arm have been in train [...]
Minimum alcohol pricing: Scottish government plans 50p per unit alcohol price after Supreme Court backs minimum pricing proposal November 15, 2017 The Scottish government has said it will set minimum alcohol prices “as quickly as possible” after the UK’s Supreme Court ruled in its favour. The measure, passed by the Scottish parliament in 2012, was appealed by the Scotch Whisky Association and others. But this morning’s ruling decided that the policy, in which a price will [...]
Battle of the sarnies: From Tesco to Benugo, which Christmas sandwich will come top of our list this year, and which one was literally inedible? November 15, 2017 We set off into the City to gather festive sandwiches from supermarkets and fast food chains far and wide to see which of them is worthy of Santa himself, and which were a nightmare before Christmas. Eat Turkey and cranberry sandwich ★★★☆☆ Tastes alright, but nothing to write to Santa about. Solid fillings, pleasantly sweet [...]