Heathrow airport eyes a series of “viaducts” over the M25 as a simpler solution to its £17bn third runway June 4, 2017 Heathrow Airport is considering plans to construct its third runway across a series of “viaducts” that would cross above the M25. These would consist of three parallel bridges, the widest of which would be the runway itself and two thinner ones which would be taxiways for planes. The plans were presented to an engineering conference [...]
London Bridge attacks: Facebook, Google and Twitter respond after Prime Minister Theresa May accuses them of providing “safe space” for terrorists June 4, 2017 Silicon Valley tech giants have responded after Prime Minister Theresa May accused internet companies of providing a “safe space” for terrorism in the wake of the attacks at London Bridge. In a strongly worded speech, May set her sights on the companies as one of the four important ways “things need to change” in the [...]
London Bridge attack: Uber will refund journeys of people caught up in terror after surge pricing backlash June 4, 2017 Uber has said it will be refunding passengers who were caught up in the terror attack in London Bridge on Saturday night. Many people were left stranded in central London with public transport in the area closed down. Uber drew criticism from for so-called surge pricing, increasing the price by more than twice the normal [...]
Trump lets loose and revives travel ban from Muslim countries, just hours after withdrawing the US from the Paris Agreement June 2, 2017 President Donald Trump clearly got a taste for shaking things up yesterday, as he turned to the Supreme Court to reinstate his ill-fated travel ban just hours after withdrawing the US from a historic climate change agreement. The Trump administration last night filed an appeal to the highest court in the country, asking the nine [...]
Plus500 share price rockets on share buyback announcement June 2, 2017 Shares in spreadbetting firm Plus500 leapt nearly 10 per cent this morning after the firm announced a share buyback programme and assured investors trading had been “stronger” despite a tumultuous few months. Some $10m (£8m) of shares will be bought back by the London-listed firm, paid for by what chief executive Asaf Elimelech called Plus500’s [...]
Following the decision by a group of investors to quit the tobacco industry, should others follow suit? June 2, 2017 Q: Following the decision by a group of investors to quit the tobacco industry, should others follow suit? YES – Adam Tindall, chief executive of AMP Capital. Investors are increasingly – and quite rightly – being asked to justify their actions. Clients question whether investors should support an activity that, while commercially convenient and legal, [...]
Britons believe driverless future is on the way to our cities June 2, 2017 Britain’s transport authorities may be struggling with regulation of online taxi firms like Uber, but Britons themselves are ready to go a step further and embrace a driverless future, a new survey shows. Two-thirds of Britons believe that dedicated lanes on roads for driverless technology will be introduced as widespread self-driving cars become a reality, [...]
Exclusive interview: Theresa May says she’ll defend the City as she warns EU that nowhere else can do what it does June 1, 2017 Theresa May’s brand of conservatism doesn’t include a natural affection for global financial institutions. In almost every sense, she’s more Maidenhead than Moorgate. And yet surprisingly, she has a stronger connection to the City than any Prime Minister since John Major, having spent 20 years in and around the Square Mile first with the Bank [...]
Morgan Stanley bond trader banned by US regulators as Venezuela bond controversy heats up June 1, 2017 US regulators have banned a Morgan Stanley banker from markets after he hid millions of dollars of Venezuelan bond trades from his firm, as controversy mounts around the embattled regime’s efforts to raise finance. The Financial Industry Regulatory Authority (Finra) today banned former Morgan Stanley Smith Barney trader John Batista Bocchino for concealing approximately $190m [...]
It’s hip to be Square’s CFO: Meet Jack Dorsey’s right-hand woman, finance chief Sarah Friar June 1, 2017 Sarah Friar is the top Silicon Valley tech executive you’ve probably never heard of, but certainly should know about. “That fabulous CFO” as CNBC host Jim Cramer recently called her, was entrusted by Jack Dorsey to take his payments startup public and now takes on more than the traditional role of a finance chief at [...]