Property of the Week: This Shoreditch penthouse has south-facing City views and is next door to some serious barbecue March 22, 2019 The City of London isn’t known for being a residential hotspot, so you’re most likely to find the penthouse of your dreams on the fringes. Avant-Garde Tower, Shoreditch, £2.4m This three bedroom apartment, however, is so close to the Square Mile – yet with a cooler-than-thou E1 postcode – that you can walk to Liverpool [...]
Donald Tusk says ‘anything could be possible’ after EU agrees Brexit delay March 22, 2019 European Council president Donald Tusk said the extension of Article 50 agreed last night at the EU summit in Brussels meant any Brexit outcome was possible. Tusk told a press conference on the second day of the summit that the delay of the Brexit date until 12 April meant "anything could be possible: a deal, [...]
New homes: Our pick of the new builds going on sale in London this weekend March 22, 2019 New developments on the market this week Royal Docks West, Newham From £685,000 View the last homes at a development in east London where the landscaped gardens are the size of nine tennis courts. A 12th floor show apartment in a 19 storey building has opened up to sell the last of 79 private homes [...]
Ladbrokes chairman to step down after selling thousands of shares March 22, 2019 Ladbrokes's parent company is on the lookout for a new chairman weeks after the incumbent angered investors by selling £6m in shares. Lee Feldman, who has chaired GVC Holdings since 2008, is close to leaving after new rules limiting the term of chairmen to nine years, the company has confirmed to City A.M. Read more: GVC [...]
Debenhams flags ‘obvious concerns’ over £100m bid to make Mike Ashley CEO March 22, 2019 Debenhams has turned down Sports Direct's offer to buy its Danish business with the condition that Mike Ashley oust current boss Sergio Bucher to become the company's chief executive. Earlier today Sports Direct made a £100m offer for Magasin du Nord and claimed it would help the company's liquidity, while also giving Debenhams the freedom to buy it [...]
Asda and Sainsbury’s propose selling 150 stores to save merger March 22, 2019 Asda and Sainsbury's have offered to sell up to 150 supermarkets and several convenience stores in a bid to save their proposed merger. Read more: Sainsbury's and Asda double down on £1bn price cut pledge to salvage deal The supermarkets promised they could divest between 125 and 150 supermarkets and "a number" of the convenience stores in [...]
Waterloo station disruption: Commuters warned travel chaos will hit Friday rush hour March 22, 2019 Travel chaos at Waterloo this morning is set to drag on into this evening’s rush hour, causing more misery for commuters, National Rail has now warned. Tens of thousands of London workers were hit by travel disruption coming into Waterloo train station this morning after overrunning engineering works forced rail operators to halt all lines. [...]
O2 down: Customers unable to make calls as mobile network crashes March 22, 2019 O2 customers across the UK were unable to make and receive calls after an outage hit parts of the network for roughly three hours this morning. The issues were first reported at around 8am, and network monitoring site Down Detector received more than 450 reports of outages. Normal service was restored at roughly 11am. Oh @O2 [...]
Government voices ‘serious concerns’ over Chinese cyber attack threat to UK 5G network March 22, 2019 The government has said it has “serious concerns” about the risk of China gaining access to the UK’s telecoms infrastructure. Jeremy Wright, Secretary of State for Digital, Culture, Media and Sport (DCMS), said the government is worried about the risk of interference from “both state and non-state actors”. Read more: Trump: UK's 5G plans put [...]
Finance leaders raise £300,000 for children’s charity Barnardo’s March 22, 2019 More than 200 City finance leaders raised almost £300,000 for children's charity Barnardo's to combat issues like sexual exploitation earlier this week. Read more: Record year for charity lottery fundraising Barnardo's chief executive Javed Khan said the money will fund the charity's “specialist frontline services, which help children recover from their experiences, and build bright, positive futures”. Barnardo's [...]