Heathrow in numbers: How much will it cost? When will it be delivered? October 25, 2016 After today's government announcement that it will back the creation of a third runway at Heathrow, now the attention will come down to the detail of the plans. How much will it cost? When will it arrive? And will it pass a Commons vote? What happens next? We crunch the dates and numbers you need to [...]
John Lewis has hired a new boss to replace Andy Street October 25, 2016 John Lewis has appointed Paula Nickolds as its new managing director to replace Andy Street. Street, who has run the retailer since 2007, is running as Conservative candidate for mayor of the West Midlands. Like Street, Nickolds – who will step up to the role in January – is a John Lewis veteran, having joined in [...]
Heathrow expansion gets the green light – the airlines react October 25, 2016 The government has given the green light to Heathrow's plans for a third runway, after several delays and months of wrangling between the airport and its rivals. Transport secretary Chris Grayling said today that a new runway at Heathrow "will improve connectivity in the UK itself and crucially boost our connections with the rest of the [...]
Heathrow legal fight “far from over”, says council October 25, 2016 Wandsworth council's leader has warned that the Heathrow fight is "far from over", after the government gave the airport the green light for expansion. Wandsworth is one of a group of councils that had already pledged to launch legal action should the decision be made. Reacting to the airport expansion decision, Wandsworth council leader Ravi Govindia said: "This is deeply distressing [...]
Sadiq Khan is very unhappy indeed about the Heathrow expansion October 25, 2016 Sadiq Khan has slammed the government's decision to give Heathrow the green light to build a third runway, and says he will be involved in fighting it with a legal challenge. The London Mayor tweeted this morning that "Heathrow expansion is the wrong decision for London" and would be "devastating for air quality across London". [...]
Zac Goldsmith intends to resign as Tory MP after annoucement to expand Heathrow October 25, 2016 Zac Goldsmith, the Conservative MP for Richmond Park and North Kingston has said he intends to resign and force a by-election after the government announced it would approve plans for a third runway at Heathrow this morning. The Huffington Post reported that the MP has told his local association that he intends to honour his [...]
Libor charges are about evidence, not people, says fraud squad boss David Green October 25, 2016 The fraud squad boss today hit back at criticism his agency, which is currently investigating the Libor scandal, had busied itself with relatively junior bankers when it should be going after the bigger fish. David Green, director of the Serious Fraud Office (SFO), told the Justice Select Committee he and his team were obliged as prosecutors to go where [...]
Australia’s richest woman invests $300m in Yorkshire potash mine owned by fertiliser group Sirius Minerals October 25, 2016 The company directed by Australia's richest woman has signed a $300m (£246m) financing deal with fertiliser group Sirius Minerals for its Yorkshire potash mine. The British arm of Hancock Prospecting, chaired and directed by iron ore tycoon Gina Rinehart, will buy $50m worth of Sirius shares and a five per cent royalty stream of the first 14 megatonnes [...]
How businesses reacted to the Heathrow decision October 25, 2016 It's taken a while, but businesses have welcomed the news that Heathrow expansion today got the go-ahead from the government. The IoD: "The Davies Commission process set up a false choice between Heathrow and Gatwick" Dan Lewis, senior adviser on infrastructure policy at the Institute of Directors, said: "Business will welcome the fact that the [...]