PM’s spokesperson cannot confirm Heathrow will reopen by Saturday March 21, 2025 In a multi-agency call convened by the government on the ongoing Heathrow closure, Downing Street could not say with confidence that the airport will reopen at midnight – though power has reportedly been restored to Terminal 4. The West London airport has been shut for the whole of Friday following a nearby electrical fire at [...]
England Rugby Travel: RFU joint venture goes into liquidation March 21, 2025 England Rugby Travel Limited, a venture involving rugby’s governing body the RFU, has gone into liquidation. The firm, based out of Twickenham Stadium (Allianz Stadium), provided fans with ticket packages and experience for England Rugby matches both home and away. Paul Ellison and Rob Keyes of KRE Corporate Recovery Limited have been appointed liquidators for [...]
Pershing Square: Deutsche Numis upgrades FTSE 100 trust March 21, 2025 Deutsche Numis has upgraded FTSE 100 trust Pershing Square, run by infamous hedge fund manager Bill Ackman, to a ‘buy’. In a research note, analysts upgraded three trusts to a ‘buy’: £8.1bn Pershing Square, £273.5m Aurora UK Alpha and £436.9m Schroder Asian Total Return. “Pershing Square benefits from a manager with a strong long-term track [...]
Chancellor’s £40bn tax raid blamed for manufacturing slump March 21, 2025 Manufacturing has seen a faster fall in output at the beginning of this year as Chancellor Rachel Reeves’ £40bn tax raid means businesses are “conserving funds”, research by the Confederation of British Industry (CBI) suggests. The sector is seen as crucial to the Labour government’s growth plans as it pushes for a rise in technology [...]
Elite US law firm bends to Trump’s demands March 21, 2025 US law firm Paul Weiss has folded to President Trump's executive order agreeing to supply $40m in free legal advice to the White House
Plans approved for £600m Euston Tower revamp March 21, 2025 British Land’s plans to strip and redevelop Euston Tower in a £600m project have been approved by Camden Council. The tower, which was originally built in 1970 and sits next to Euston station, will undergo a complete revamp with new office space, restaurants and terraces. “We are delighted to receive planning consent for this incredible [...]
Top City analyst cloned in AI deepfake scam March 21, 2025 Michael Hewson – one of the City’s most respected market analysts – was cloned as part of an AI-powered social media scam. A fake video using AI to pose as the host of the Good Money Guide Podcast circulated on Facebook and Instagram this week, attempting to lure users into joining a Whatsapp group. The [...]
City law firm fined over £400,000 for Russian sanctions breaches March 21, 2025 Law firm Herbert Smith Freehills was hit with a £465,000 penalty after breaching UK financial sanctions imposed on Russia
Will London take New York’s fintech crown? March 21, 2025 According to Z/Yen’s 37th Global Financial Centres Index (GFCI 37), the Square Mile is snapping at the heels of the Big Apple.
Lloyd’s reinsurer secures landmark Ukraine reinsurance facility March 21, 2025 MS Amlin, a Lloyd's reinsurer, has secured a reinsurance scheme that could provide up to €1bn (£830m) in annual coverage for Ukraine SMEs