London’s night czar Amy Lame plans women’s night safety charter for businesses to help cut down on harassment July 24, 2017 London’s night czar Amy Lame has unveiled plans to publish a women’s night safety charter in the next year, for venues, clubs and businesses to sign up to, and develop measures to combat harassment. Potential measures include training for front of house staff, posters to discourage harassment and encourage reporting of incidents, and a commitment [...]
Crossrail 2 latest: Mayor Sadiq Khan and transport secretary Chris Grayling agree next steps for Crossrail 2 | City A.M. July 24, 2017 After a number of wobbles, the future of Crossrail 2 has been given a boost today after transport secretary Chris Grayling and London mayor Sadiq Khan said they had agreed on the next steps for the £31bn rail project. In a joint statement after meeting for talks last week, they said there was “no doubt” [...]
Business which treat GDPR as a burden will get left behind July 24, 2017 Modern life is lived online. Whereas ten years ago we may have had a MySpace profile here, an MSN chat account there, today our digital world is an all-encompassing extension of our physical lives. The Internet is home to some of our most sensitive data, from the state of our bodies to the political thoughts [...]
Mayor Sadiq Khan says VW has shown ‘utter contempt’ to Londoners by refusing to pay £2.5m congestion charge bill after emissions scandal July 24, 2017 London mayor Sadiq Khan has said Volkswagen (VW) has shown “utter contempt” for Londoners after the German car giant has refused to pay £2.5m to compensate congestion charge money lost due to the emissions scandal. VW has admitted around 11m cars worldwide had been fitted with “defeat devices” which noted when the car was undergoing [...]
Power up: Government to plough £246m investment into battery technology competition July 24, 2017 The government is to plough £246m into battery technology, in a bid to make the country a world leader in the design, development and manufacture of electric batteries. Business secretary Greg Clark will today unveil a four-year investment round dubbed the Faraday Challenge, as a key part of the government’s industrial strategy. The money will [...]
Ukraine is set for a new lease of life: A country at war tries to return both to normality and the bond markets July 24, 2017 Ukraine’s prospects are looking up. Two years ago, the country’s then finance minister Natalie Jaresko was seeking fiscal aid. The economy was shattered by war with Russia, which saw GDP plummet by 9.7 per cent in 2015. Things look rather different for her successor. Oleksandr Danylyuk, a former executive with consultant McKinsey in London, took [...]
UK taxi turnover falls for the first time in five years as Uber drives up its network expansion July 24, 2017 The rise of Uber has driven taxi firms’ turnover off course, according to research out today from accountancy firm Moore Stephens. An analysis of the UK’s top 100 largest taxi and minicab firms noted that turnover had dipped three per cent from £495m in 2014/15 to £479m in 2015/16. There had been consistent growth in [...]
Vast majority of people surveyed think top bankers don’t deserve their wealth and lessons have not been learned from financial crisis, according to a YouGov poll July 24, 2017 More than seven in 10 people do not believe banks have learned the lessons of the 2008 financial crisis, according to new polling data seen by City A.M. The survey reveals damning views still held by the public towards financial services, with a large majority saying top bankers do not deserve the money they earn. [...]
UK IPO: Bakkavor – which supplies Tesco, Sainsbury’s and Waitrose meals – gears up for London float worth up to £2bn July 23, 2017 Bakkavor, supplier of supermarkets including Waitrose, Tesco and Sainsbury’s, is readying itself for a stock market float that could value it at up to £2bn. The pizza and ready meal supplier appointed Rothschild to examine its options in January, and has now brought in advisers from HSBC and Morgan Stanley to lead the IPO later [...]
Revealed: Britain’s best airports, as ranked by passengers based on WiFi, shopping, cleanliness and more July 23, 2017 Ah, summer… time to take break, sink your feet into some sand or see the sights of the closest city – after you’ve made your way through the stress of getting there, that is. But there are some ways you can make that flight a little more bearable, and that’s by choosing the right airport [...]