Sadiq Khan’s Ulez charge cuts polluting vehicles by over a third and bags TfL £51m September 17, 2019 Sadiq Khan’s Ultra-Low Emission Zone (Ulez), has raked in £51m in its first four months while also reducing the number of polluting vehicles in central London by a third. The policy, which charges polluting vehicles £12.50 a day for entering into the zone, was launched in April by the London mayor. Since then, the number [...]
Top EU banking regulator moves to trade body September 17, 2019 One of Europe’s most senior banking regulators has been appointed as the chief executive of the Association of Financial Markets in Europe (AFME). Adam Farkas, who is currently executive director of the Paris-based European Banking Authority (EBA), is set to join the trade body in February next year. Read more: Banks cannot ignore the disruptors [...]
ECB’s Villeroy hints at closer EU integration after Brexit September 17, 2019 The governor of the Bank of France has suggested today that the European Union will move towards closer integration in the wake of Brexit. François Villeroy de Galhau, who is also a European Central Bank (ECB) board member, told business delegates in London that the bloc’s collective response to Britain’s departure might become a further [...]
City of London police chief urges banks to report cyber attacks after Wannacry ‘silence’ September 17, 2019 Major public companies decided not to report cyber attacks to the authorities during the worldwide Wannacry breach over fears that their reputations would be tarnished, according to the City of London’s police commissioner. Ian Dyson, who heads up the Square Mile’s police team, has urged banks to come forward with cyber incidents, claiming that some [...]
Thomas Cook delays crunch bondholder meeting over rescue deal September 17, 2019 Troubled travel firm Thomas Cook has secured more time for bondholders to agree to a £1.1bn rescue deal, with a crunch meeting now scheduled for next Friday. But shares fell further today after yesterday’s update to investors, dropping 3.6 per cent to just 4.5p. In the update, Thomas Cook said: “As part of the process [...]
Sainsbury’s outperforms big four rivals September 17, 2019 Sainsbury’s was the best performing of the big four supermarkets, according to industry data for the latest 12 week period, as the UK grocery market returned to growth. The supermarket saw sales dip 0.1 per cent in the 12 weeks to 8 September. Read more: Aldi targets London expansion as profit falls Rival grocers Tesco. [...]
Justice secretary Robert Buckland evades questions over prorogue plans September 17, 2019 Justice secretary Robert Buckland has refused to say whether parliament would be recalled if the Prime Minister loses at the Supreme Court this week. Two separate legal cases challenging the legality of Boris Johnson’s move to prorogue parliament for five weeks are being heard in Westminster. Former Prime Minister Sir John Major is among those [...]
Wework delays IPO plans amid investor caution September 17, 2019 Wework has pushed back plans for its highly-anticipated initial public offering (IPO) amid cooling investor appetite. Following a number of setbacks over its ambitions to go public, the fast-rising parent owner of real estate group Wework is expected to postpone its listing until the end of the year. Read more: Wework considers cutting founder’s voting [...]