Canary Wharf has surprised us all, beating the City of London for the best child-friendly Easter weekend activities March 23, 2016 The financial district may be a dull, grey, and grown-up affair during the working week, but folks in the Square Mile and Canary Wharf are pulling out all the stops to make this weekend a cheery, child-friendly Spring celebration. What says family fun better than hunting for colourful eggs surrounded by slabs of concrete? Canary [...]
HS2 rail link gets the go ahead, passes commons vote with 399 votes to 42 March 23, 2016 The high speed rail link known as HS2 between London and Birmingham has taken another step towards final approval after it was voted through by MPs in the House of Commons this evening. The project, which sports a price tag of £56bn, passed by a landslide 399 votes to 42, backed by both the Conservative and Labour leadership. It now [...]
Barclays sued by Syrian billionaire Wafic Saïd over blacklisting after 40 year relationship March 23, 2016 Barclays is being sued by one of its oldest and richest customers, Syrian-born billionaire businessman and philanthropist Wafic Saïd after the bank cut ties with him after a 40 year relationship. Saïd, a 76-year-old Monaco resident and Conservative-party donor, today instructed his lawyers to file proceedings at the High Court in London according to a statement released by public [...]
Brussels attacks: London landmarks light up with the colours of the Belgian flag to commemorate Brussels victims March 23, 2016 Landmarks throughout London – including the London Eye – are being lit up with the colours of the Belgian flag tonight as the capital commemorates the victims of yesterday's attacks in Brussels. The National Gallery has had two Belgian flags projected onto the frontage of the building. One onlooker tweeted a picture of the tribute at Trafalgar Square: [...]
Oil baron Algy Cluff snaps up three North Sea oil licenses for £1 each March 23, 2016 Oil baron Algy Cluff has taken stakes in three North Sea oil projects for just £1 each. Cluff Natural Resources has acquired up to a 25 per cent interest in three North Sea oil projects operated by Parkmead Group. It estimates that they could contain 400m barrels of recoverable oil. Cluff recently told City A.M. that the oil price had [...]
Pessimism on global economic growth fails to put investors off risky assets March 23, 2016 Investors have become more downbeat on the global economy, according to new survey figures released today. However, they are in no hurry to start ditching risky assets, the data from Absolute Strategy Research (ASR) shows. The survey of 210 asset allocators, strategists and chief investment officers showed they believed the probability of a global recession [...]
Tube strike 2016: Ride hailing app Uber says it will expand car sharing option UberPool during Piccadilly Line strike tonight and tomorrow March 23, 2016 Uber said it will expand its car sharing option UberPool to cover the entire length of the Piccadilly Line if the strike planned for this evening and tomorrow goes ahead. The coverage area will be expanded from Cockfosters to both Heathrow and Uxbridge from 9pm tonight until 7am on Friday. UberPool is currently only available for trips beginning in [...]
Brussels attack: Travel disruption will continue as Brussels’ Zaventem Airport to remain closed until Saturday March 23, 2016 Brussels' Zaventem Airport is set to remain closed on Friday, it's been reported by the Belga News Agency as the operation to secure the airport continues. Attacks on the airport yesterday left as many as 11 people dead after two explosions. One British national is among those injured. The Maalbeek metro station was also targeted, killing 20 others. A total 260 people were wounded [...]
Ukip leader Nigel Farage confirms former deputy leader Suzanne Evans suspended from the party March 23, 2016 Ukip leader Nigel Farage has sacked former Ukip deputy leader Suzanne Evans – again. Farage told the BBC today that Evans been suspended from the eurosceptic party for six months. "Sometimes people fall out with their own party and sometimes say and do things that perhaps they shouldn't," Farage said. In a statement on her Facebook page this afternoon, [...]
Phoenix Group Holdings share price up as insurance company reveals cash generation largely in-line with targets for year ended December 2015 March 23, 2016 Share price in Phoenix Group Holdings rose today after the company announced that its cash generation had met its targets, although profits slumped slightly for the year ended December 2015. The insurance company, which handles closed life funds, reported cash generation of £225m, safely in line with its target range of £200m – £250m, although down [...]