Eight of London’s best rooftop bars and summer terraces in London to drink cocktails, eat BBQ and get sunburned, from Chelsea to The City to Canary Wharf May 11, 2016 The weekend's mini-heatwave may already seem like a distant memory, but fear not – we're due plenty more long, hot afternoons that are good for nothing but sitting on a terrace sipping pink cocktails and sweating. But where can one achieve such a glorious thing? Well, let us tell you – here's a round-up of some [...]
Burst water main causes travel disruption at London Victoria May 11, 2016 A burst water main at Victoria train station was causing disruption this morning, affecting Southern Rail and Gatwick Express services. The incident, which is causing flooding in part of the major London station, has forced authorities to shut platform 13 during one of the busiest times of day. Network Rail warned that it was causing delays and [...]
Heathrow backs down on night flights to get third runway off the ground May 11, 2016 Heathrow Airport has pledged to reduce night flights, as well as curtailing noise and pollution, in a bid to get its third runway off the ground. It comes ahead of a widely-anticipated government decision on whether to expand Heathrow or rival Gatwick, due out later this summer. Read more: Exasperated business bosses want second runway at Gatwick if [...]
Neil Woodford-backed Purple Bricks says full-year revenue quadrupled May 11, 2016 Neil Woodford-backed hybrid online estate agent Purple Bricks expects its full-year revenue to have quadrupled. The Aim-listed firm said today that its revenue for the full year is expected to be approximately £18.5m, a year-on-year increase of some 445 per cent. Read more: Purplebricks raises £58m in junior market Aim listing Trading throughout the second half of the year [...]
Neil Woodford-backed estate agent Purplebricks on course for triple-digit full year growth May 11, 2016 Purplebricks Group, the hybrid estate agent backed by Neil Woodford, has said it expects full year growth to reach "some 445 per cent". The figures The group, which will release official figures for the full year to 30 April on 16 June, said revenues would come in at around £18.5m, giving it a triple-digit growth [...]
Barratt predicts “significant improvement” as help to buy boosts housebuilding May 11, 2016 Barratt is showing no signs of suffering from the slowdown in property sales, with the housebuilder today confidently forecasting "a significant improvement in performance for the full year" thanks to help to buy. The figures The 19 weeks to 8 May have been "strong", with total forward sales, including joint ventures, up by 9.7 per cent to £2,8bn. Net [...]
Northern Powerhouse: Businesses and government have a collective responsibility to end youth unemployment and close the skills gap May 11, 2016 With youth unemployment three times the national average, and businesses across all sectors citing the skills gap as one of the biggest barriers to growth, the talent pipeline is one of the most pressing issues facing England’s economy. It is for this reason that today’s announcement by the secretary of state for education, Nicky Morgan, of a new [...]
Don’t hold your breath for EU referendum facts May 11, 2016 On the eve of the 1986 Reykjavik Summit between Gorbachev and Reagan, the US President sought the advice of historian Suzanne Massie, who told him of the old Russian saying: “Trust, but verify.” This piece of wisdom, offered to a President at the height of the Cold War, is perhaps the best approach that today's [...]
Airbnb books place among young savvy travellers May 11, 2016 The tourism industry has been shaken up in dramatic fashion in the past couple of years by the pioneering startup company Airbnb. The company operates in 34,000 cities in 191 countries and has a value of around $25bn (£17.3bn). It allows ordinary homeowners to rent out rooms to holidaymakers, and is popular among those looking [...]
City Moves for 11 May 2016 | Who’s switching jobs May 11, 2016 RateSetter Marketplace lender RateSetter has announced the appointment of Cyrille Salle de Chou as chief risk officer. Cyrill joins from Lloyds Banking Group and brings extensive experience. He started his risk career at Capital One, where he became chief credit officer for Europe responsible for card and personal loan credit. In 2007, he joined Lloyds [...]