United House Group chief executive Jeffrey Adams named as new London Chamber of Commerce and Industry chief executive September 13, 2016 NULL
The government is set to rule out an ambitious plan to protect Tata’s steel pensioners with legal reforms September 13, 2016 The government is inching away from Tata Steel's preferred plans for dealing with its £15bn pension scheme. The Department for Work and Pensions closed a consultation into the future of the British Steel Pensions Scheme in late June, and both Tata and trustees have been pushing for the scheme to be hived off. The scheme [...]
Sterling still drifting on weak inflation figures September 13, 2016 The pound has slumped this afternoon on the back of weak inflation figures, taking the currency to a two-week low against both the dollar and the euro. Sterling drifted by one per cent against both the major currencies after inflation came in at a weaker-than-forecast 0.6 per cent in official figures out this morning. Economists [...]
UK wholesale gas prices to spike this winter after storage closure September 13, 2016 The UK is likely to experience supply crunches and price spikes this winter, in line with the volatility seen in 2013 when they hit multi-year highs on outages at a key European interconnector. Fitch-owned research firm BMI said today that problems at the UK's only large gas storage site, Centrica's Rough, meant it is "likely to experience deliverability issues over [...]
Picks of the day: The three stories to read today September 13, 2016 It’s the hottest day in September since 1949, and we’re all feeling the heat – so why bother trawling the internet for something to read? We’ve done the legwork for you, and put together the top three stories of the day in bite size form, just to make your life that bit easier. Check out [...]
Full separation of BT’s infrastructure arm Openreach is not “off the table” – Bradley September 13, 2016 BT has been dealt a blow just months after the telecoms group escaped its infrastructure arm Openreach being hived off by the regulator. Karen Bradley – the culture, media, and sport secretary – warned BT that Openreach could still be split out to a separate company despite Ofcom’s proposals to leave it under the BT [...]
Plastic money review: Our verdict on the Bank of England’s new polymer £5 note September 13, 2016 Unless you've been sleeping under a rock, you'll be aware that a minor revolution in Britain's banking sector occurred today with the launch of the new polymer £5 note. But how does it really fare in practice, and will the new £5 notes last the lifestyle of a City gentleman (or gentlewoman)? The Capitalist has [...]
Delays at King’s Cross and Moorgates stations due to derailed train at Welwyn Garden City September 13, 2016 Commuters are facing delays at King's Cross station after a train derailed at Welwyn Garden City. According to Great Northern rail, the low speed derailment of an empty train at Welwyn Garden City late last night is causing disruption to journeys between Stevenage and London Kings Cross and Moorgate. As a result of the incident, the company [...]
Developer Irvine Sellar submits plans for the Paddington Cube to Westminster City Council after “The Shard of west London” was rejected September 13, 2016 Revised plans for a £775m development near Paddington Station have been submitted to Westminster Council. The plans from Great Western Developments and Sellar Paddington Limited (SPL) will transform the former Royal Mail site to create a 360,000 sq ft cube-shaped office block, which will be 14 storeys tall. A decision on the proposal is expected in [...]
The kids heading back to school drove sales at John Lewis as the warmer weather continued to help Waitrose September 13, 2016 The John Lewis Partnership's sales have been boosted by the summer sun and families stocking up for the start of the school year. In the week to 10 September, sales at John Lewis were up 9.1 per cent on the same period last year, reaching £82.7m. Fashion sales did particularly well, up by 6.8 per cent. Children's [...]