Chancellor Rishi Sunak confirms 11 March Budget February 18, 2020 New chancellor Rishi Sunak has confirmed that the Budget will go ahead on 11 March. City A.M. understands Sunak, who was parachuted into the role after his former boss Sajid Javid quit last week, will not attend this weekend’s G20 meeting of finance ministers, in order to focus on preparations for the fiscal event, the [...]
Barings sells listed St James’s office building for £71m February 17, 2020 Real estate investment manager Barings has sold a Grade II listed office building in St James’s to a German property investor for £71m. Cara Real Estate, the property investment arm of Cara Investments, has acquired 7-10 Waterloo Place, in its second London deal following the purchase of 20 Soho Square for £117m in 2018. Barings [...]
Storm Dennis causes travel disruption around the UK February 16, 2020 A record number of weather warnings have been issued in England as Storm Dennis continues to batter the UK. The Met Office has a yellow warning for much of the UK which extends to amber in parts of Southern England. Most train companies have reported disruption to their services and several incidents have occurred on [...]
Coronavirus: First death in Europe occurs in France February 15, 2020 A Chinese tourist has become the first person outside of Asia to die as a result of the coronavirus. An 80-year-old man from China’s Hubei province – where the outbreak occurred – has died in France, according to the French health minister. The victim arrived in France on 16 January and was placed into quarantine [...]
Storm Dennis: UK braces for second weekend of flooding and travel disruption February 15, 2020 Just one week after Storm Ciara caused disruption across the country, the UK must now brace for Storm Dennis to wreak more havoc. There are severe weather warnings in place for most of the UK with up to a month’s worth of rainfall in some areas. The military has been deployed to provide extra support [...]
Vodafone’s India operation on brink of bankruptcy after court ruling February 14, 2020 India’s Supreme Court has rejected an application to delay the payment of billions of dollars in backdated taxes and penalties from telecoms firms in a ruling that threatens to put Vodafone’s operation in the region out of business. Vodafone Idea and fellow telecom company Bharti Airtel, have been ordered to pay the Indian government $13bn [...]