Plans for “Dutch-style” Superhub at Waterloo station announced by Transport for London in move to improve high quality cycle parking in London March 15, 2016 A new "Dutch-style" Superhub at Waterloo station has been planned by Transport for London as part of a wider programme to introduce high quality cycle parking across London. The new Superhub is planned for 2018, and will cater for all types of bikes, suitable for handcycles and cargo bikes. It will also have bike maintenance tools as well [...]
Former Schroders equities trader to be sentenced after pleading guilty to nine counts of insider trading March 15, 2016 A former Schroders equities trader has pleaded guilty to nine counts of insider trading. Damian Clarke will be sentenced on 13 June this year after pleading guilty at Southwark Crown Court. He pleaded guilty to seven counts of insider dealing on 24 July 2015 and today pleaded guilty to the two remaining counts. Read more: Finance watchdog hits [...]
London airport expansion: Heathrow Airport appoints four contractors for third runway despite no green light from government March 15, 2016 Heathrow Airport has hired four contractors to work on plans to build a third runway at the west London airport, despite a lack of approval from the government. Heathrow said today that Arup, CH2M, MACE and Turner & Townsend had been chosen to work on the expansion project. "I'm delighted that our client partners are now [...]
Serious Fraud Office drops forex probe saying there is “insufficient evidence for a realistic prospect of conviction” March 15, 2016 The Serious Fraud Office has ruled there is “insufficient evidence for a realistic prospect of conviction” in its investigation into forex manipulation. The criminal investigation was launched in July 2014 following allegations of price rigging in the UK's £3 trillion-a-day foreign exchange market. The claims centred around allegations that traders would manipulate the flow of trades and [...]
Berenberg warns investors should be underweight Britain’s big banks, including Barclays, Lloyds and Royal Bank of Scotland (RBS) March 15, 2016 Analysts at Berenberg have said investors should be wary of Britain’s big banks, amid expectations that mortgage profitability will fall below 10 per cent. “We think interest rates will remain at low levels and, as a result, expect mortgage margins to fall by six basis points per year,” Berenberg’s banks team said in a note [...]
US Presidential Election 2016: Founder of National Front Jean-Marie Le Pen backs Republican Donald Trump March 15, 2016 Founder of French political party National Front Jean-Marie Le Pen has leant his support to Donald Trump in the buildup to the US presidential election. Taking to Twitter, Le Pen wrote "I believe in the victory of Trump", having previously written that the billionaire is "an independent candidate with populist language, this is what made him [...]
US retail sales fall 0.1 per cent in February as cash spent on gasoline plummets March 15, 2016 US retail sales dropped in February, but were likely held down by lower prices. Spending at retailers fell 0.1 per cent from in February to $447.3bn (£315.7bn), according to the Commerce Department. On the same month last year sales were up 3.1 per cent. The figure is not adjusted for inflation. Sales at gasoline stations [...]
BlackRock adds its voice to warnings over market bounce, as rally begins to lose its lustre March 15, 2016 A market bounce since January and February lows is at risk of crashing back to earth, according to Russ Koesterich chief investment strategist at BlackRock. BlackRock is the latest financial institution to warn that the current rally may be short lived after Morgan Stanley yesterday said that economic and political circumstances may take its toll on company shares. The FTSE 100 [...]
We’ve reached peak hipster: Pop-up firm Urban Food Fest is catering for HSBC’s Rugby World Sevens Series at Twickenham March 15, 2016 NULL