Queensbury station closed as police investigate stabbing on Tube platform February 8, 2017 Queensbury Tube station in north west London is closed this afternoon as police investigate an assault that took place earlier today. https://twitter.com/jubileeline/status/829323487911243776 A fight took place on a Jubilee line platform in the station at around 12.50pm, and one man was stabbed during the altercation, according to British Transport Police (BTP). The BTP said the [...]
Lawsuit gets turned up to 11 as Spinal Tap back together to sue Vivendi for $400m February 8, 2017 The band's back together: Members of mock rock group Spinal Tap have reunited to sue Vivendi. Christopher Guest, Michael McKean and Rob Reiner have joined a legal action brought by Harry Shearer, claiming the French media giant has failed to properly share profits since it bought the rights to the 1984 cult film This Is Spinal Tap. [...]
Shell has submitted plans to dismantle its Brent North Sea platforms February 8, 2017 Royal Dutch Shell today submitted plans to dismantle its Brent North Sea production platforms to the British government, marking a turning point for the UK oil industry. Shell's Brent field, which is one of the largest fields in the North Sea, has produced around 3bn barrels of oil equivalent since work began in 1976. That's almost 10 per cent [...]
Locals lose out as Severn Trent’s Dee Valley Water takeover gets the go-ahead from the High Court February 8, 2017 Locals' attempts to thwart the takeover of a Welsh water company have failed after Severn Trent's bid to pick up Dee Valley Water has been given the go-ahead in the High Court. The court decided the £84m deal by the FTSE 100 firm, initially agreed on back in November, could go ahead. However, it adjourned until 10 [...]
What do we know about Aramco’s boutique adviser? February 8, 2017 The world’s largest IPO in recent times is expected to take place next year, as the Saudi state oil firm known as Saudi Aramco is floated with an anticipated value of around $2 trillion. New-York based investment bank, Moelis & Co. has been reported as the sole independent adviser on the IPO, representing by far [...]
“Serious questions” over mayor Sadiq Khan’s ability to balance the books as TfL fares income is down £90m February 8, 2017 The mayor has come in for criticism after Transport for London (TfL) revealed a £90m shortfall in income for the year to date against budget, pointing to fewer passenger journeys. Figures released at the February TfL meeting revealed income shortfalls across all forms of transport, with overall fares income down £90m against budget, "driven by [...]
The UK economy is gaining momentum despite Brexit fears, says the OECD February 8, 2017 UK economic growth is gaining momentum despite concerns over Britain's future EU trade deal, according to the Organisation for Economic Co-operation and Development (OECD). The composite leading indicator rose to 99.5, according to the group of richer nations, continuing a clear upward trend from July 2016, the month after the UK's referendum on EU membership. The [...]
Trump’s likely EU ambassador escalates his war of words with Europe February 8, 2017 Donald Trump's likely ambassador to the European Union has bemoaned "anti-Americanism" on the continent, after EU politicians attacked his potential appointment. Last week saw the leaders of the socialist, liberal and conservative European parliament groups attacking Dr Ted Malloch, accusing him of "outrageous malevolence" for comments in which he said the EU needed "taming". And now [...]
UK investment levels expected to stay low says Bank of England February 8, 2017 The Bank of England says it expects investment levels to stay weak in the UK, as it finds four in five publicly owned firms saying pressure to create short-term returns has dented investment levels over the past five years. Sir Jon Cunliffe, a deputy governor and member of the rate-setting Monetary Policy Committee, said in a [...]
When fintechs and banks go speed dating February 8, 2017 While the seemingly age-old debate about whether fintech startups will kill banks still rages on, FinovateEurope demonstrates why that question is now largely redundant – things have moved on. The 80 startups on stage at the two day event in the heart of the City are pitching the banks, insurers and City institutions in attendance more [...]