Air India celebrates 70th year of independence with non-stop route to London August 10, 2016 Coinciding with its India's 70th year of independence the country's national airline is set to launch non-stop flights from London to Ahmedabad and Newark. The services will commence on 15 August, reducing the journey time for up to three and a half hours, utilising Boeing 787 Dreamliners. Read more: Private jet membership set to take off in [...]
London mayor Sadiq Khan has called on Theresa May to hold off on Article 50 until next autumn August 10, 2016 London mayor Sadiq Khan has called on Theresa May to delay triggering Article 50 until next Autumn. Khan told Sky News the government should wait until after French and German elections next year. France will chose its next president in May, while Germany is not expected to vote until at least August 2017. "I lost [...]
Quantitative easing bounces back with successful round of BoE bond-buying August 10, 2016 The Bank of England's quantitative easing programme is back on track after its latest offer to buy government debt was massively oversubscribed. The Bank received offers from bond-holders to hand over more than £5.5bn worth of government coupons this afternoon – covering Threadneedle Street's daily £1.17bn budget by a factor of 4.7 to one. Officials will have [...]
Ministry of Sound investment: Sony Music acquires London Grammar label August 10, 2016 Sony Music UK has announced the acquisition of label Ministry of Sound Recordings. Founded in 1993 as an extension to the South London nightclub Ministry of Sound, the label boasts a roster including London Grammar, DJ Fresh, Sigala, Jodie Abacus, Louis Berry, MIAMIGO and Moss Kena. Read more: Imogen Heap believes blockchain technology could save [...]
Scotch whisky distillery tours have boomed in the last five years, but here are three distilleries and breweries you can visit this weekend August 10, 2016 Och aye, the world of Scotch whisky has something new to raise a dram to. The number of visitors to Scotch distilleries boomed between 2010 and 2015, rising by 20 per cent to around 1.6m visitors last year, according to figures from the Scotch Whisky Association. Visitors to distilleries spent a total of £50m last year, [...]
Transport for Lovin: London’s Speed Date Express made its first journey this morning August 10, 2016 Too busy to find love? Never fear: dating site Match.com has unveiled its new "Datemaster" bus service which allows time- (and love-) starved Londoners to speed date during their morning commute. The double decker bus has been designed for guests to enjoy their journey "in a manner rarely associated with the stresses and strains of the typical daily commute" [...]
These are the 20 richest billionaires in tech August 10, 2016 The world's wealthiest tech billionaires have added another $50bn to their wealth over the past year, while titans Jeff Bezos, Mark Zuckerberg and Jack Ma climbed the ranks. Bill Gates retained his long-standing title as the world's richest tech billionaire, the latest rich list compiled by Forbes reveals, despite a $1.6bn decline in his wealth since 2015. Read more: Meet [...]
City Hall has opened talks with Parisian officials as it seeks a series of bilateral business deals August 10, 2016 City Hall has entered talks with French authorities as it seeks to secure collaborative deals with London's peers to boost business. Sadiq Khan's office has been keen to promote London's openness to trade since June's Brexit vote, and now the Mayor's teams are seeking to strike a series of city-to-city deals. Speaking to City A.M., [...]
GMB members want to back Jeremy Corbyn’s rival Owen Smith August 10, 2016 One of the UK's biggest unions has backed Jeremy Corbyn's rival Owen Smith in the bitterly fought campaign. By 60 per cent to 40 per cent, GMB members voted to endorse Smith over Corbyn, The GMB union represents workers on the Trident nuclear programme. Corbyn has repeatedly voiced his view that renewal of the nuclear [...]
Midatech Pharma’s strong sales give its share price a shot in the arm August 10, 2016 London-listed pharma firm Midatech shares have soared today after it reported a 10-fold revenue increase for its first fiscal half. Shares surged by almost 20 per cent after the London market open before paring back gains and are trading around 12 per cent higher at pixel time. Midatech – which is focused on the US after acquiring Nasdaq-listed [...]