Tube delays hit commuters in miserable rush hour July 18, 2019 Commuters face a miserable journey to work this morning with severe delays affecting the Jubilee Line. Read more: Revealed – London’s most stressful Tube stations The Jubilee Line is plagued with severe delays between Waterloo and Stratford after engineers had to deal with a faulty train on the track, hitting thousands of east London passengers. [...]
Ursula von der Leyen: What kind of EU leader can the UK expect? July 17, 2019 After months of deliberation, the EU parliament has now elected a new successor to Jean-Claude Juncker, the larger than life head of the EU Commission who has been navigating Brexit’s choppy waters since 2016. Ursula von der Leyen, a former German defence minister and key ally of Angela Merkel, will soon lead the Brexit negotiations [...]
Theresa May slams uncompromising populists in final major speech as PM July 17, 2019 Theresa May hit out at the growing “uncompromising absolutism” of politics as she reflected on her failure to deliver Brexit in her final major speech as Prime Minister. In what is set to be her valedictory address, May called for political discussion to move from the extreme fringes, and warned that “words have consequences”. She [...]
Thunderstorms set to hit Brits over the weekend July 17, 2019 London looks set to escape the worst of the bad weather this weekend as thunderstorms will batter parts of the country, Met Office experts have said. Stronger winds and spells of heavy rain are expected to hit many in the UK on Friday, the Met Office said. Read more: Hottest day of the year forecast [...]
Chris Grayling admits Cabinet overruled him on Eurotunnel ferry settlement July 17, 2019 Transport secretary Chris Grayling has said he personally wanted to fight Eurotunnel’s legal challenge against the government’s no-deal Brexit ferry strategy in court but that Cabinet collectively decided to settle it. In what was most likely his last appearance before the Transport Select Committee, Grayling was asked why the Department for Transport (DfT), which he [...]
Philip Hammond says it is ‘terrifying’ Jacob Rees-Mogg is close to being in the next government July 17, 2019 Philip Hammond has warned it is “terrifying” that leading Brexiter Jacob Rees-Mogg will have influence in a future government during a row over leaving the EU without a deal. The Chancellor issued the scathing assessment of his Conservative colleague after Rees-Mogg penned an article downplaying suggestions a no-deal Brexit would make the UK poorer. Hammond [...]
Activist investor Elliott takes stake in Saga July 17, 2019 US activist investor Elliott has taken a stake in troubled tourism and insurance firm Saga in a move that could put pressure on management to boost returns. Shares in Saga were up 9.18 per cent this afternoon after it was revealed that Elliott Capital Advisors has disclosed a 5.14 per cent stake in the company. [...]
Galliford Try expects profits to be in line with expectations July 17, 2019 Galliford Try said today that the restructuring of its construction arm has been completed and pre-tax profits for the year are set to be in line with expectations. The FTSE 250 giant, which has been cutting its exposure to Central London’s subdued housing market and scaling back its core construction business, seemed to ease investor [...]
Tulip tower: Developers will meet to consider appeal after Khan halts project July 16, 2019 Backers of the proposed Tulip tower will meet this week to consider an appeal against Sadiq Khan’s decision to reject their planning application, City A.M. understands. US-based developers the Tulip Project said they were “disappointed” the mayor stopped the project at the final hurdle. They maintained the tower would “generate immediate and longer-term socio-economic benefits [...]
HS2 locks horns with Bechtel in bid to break contract stalemate July 16, 2019 HS2 has asked the High Court to allow it to push on with the construction of one its London stations despite an ongoing legal challenge from engineering giant Bechtel. HS2 Limited, which is overseeing the proposed £56bn railway linking London to the north, has applied to lift the “automatic suspension” that is preventing it from [...]