Nationwide pulls out of commercial real estate lending as it reports falling profits November 18, 2016 Nationwide announced plans to pull out of commercial property lending as it reported falling profits today. The figures Statutory profit for the six months to September came in at £696m, down from £802m. And underlying profit was reported at £615m, down from £801m. Nationwide said gross mortgage lending was up 17 per cent to £17.5bn [...]
Severe delays on Central Line this morning due to track obstruction November 18, 2016 Commuters are facing severe delays on the Central Line this morning, with an obstruction at Lancaster Gate and a signal failure at North Acton causing havoc on the rest of the line. Transport for London (TfL) said there is no service between Ealing Broadway and North Acton due to the signal failure. https://twitter.com/centralline/status/799550759461408769 Meanwhile, there [...]
Three Mobile has become the latest high-profile victim of a cyber attack November 18, 2016 Mobile network Three has become the latest high-profile victim of a major cyber-security attack. The breach could put the private information of two-thirds of the company’s 9m customers at risk, the Daily Telegraph reported. Read more: TalkTalk boss Dido Harding: Customers "trust us more" after cyber attack Three men have reportedly been arrested in connection [...]
Editor’s notes: Whatever your view of him, Farage should sit in the House of Lords November 18, 2016 There are many ways to get a peerage these days. You could conduct a white-wash inquiry into the Labour party’s problem with emboldened anti-semites; you could bounce from quango to quango until a seat on the red benches is the next logical step; you could donate to a political party; or you could have the [...]
The number of London workers with daily commutes of two hours or more is up by nearly a fifth November 18, 2016 You haven't imagined it: long commutes in the capital are increasing. The number of employees having to suffer through daily commutes of two hours or more has gone up nearly a fifth (17.2 per cent) over the past five years, according to new analysis from the Trades Union Congress (TUC). In 2015, 930,612 London workers had daily [...]
Retail sales defy gloomy predictions ahead of a bumper Black Friday November 18, 2016 Retail sales have outperformed expectations ahead of the nation's biggest shopping spree – Black Friday. According to the Office for National Statistics, the volume of retail sales increased by 7.3 per cent in October compared to the same month in 2015 – the highest growth rate for fourteen years. The amount spent online grew by [...]
Overrated Angela Merkel is no saviour for a free world fearing Trump November 18, 2016 Before hysterical Glastonbury-style crowds in Berlin in 2008, Barack Obama first burnished his international reputation as a “rock-star”. Then just a presidential candidate, his vision of cooperation between Russia and the West, of Middle East peace, and of “a global commitment to progress” was excitedly greeted as the start of a new chapter in US [...]
House prices at the top end of the London market are down 5.4 per cent November 18, 2016 House prices at the top end of the market are faltering due to stamp duty reforms – and estate agents are calling for the government to reverse the trend for the sake of the wider property market. Prices in the top quarter of the London market dropped 5.4 per cent between the second quarter of [...]
City Moves for 18 November 2016 | Who’s switching jobs November 18, 2016 Lee Baron Lee Baron, a specialist in property management, has appointed Steven Room as head of residential development. With over 30 years’ experience in the property sector, Steven has worked directly with a range of housebuilder, developers, landlords, investors and property managers at firms such as Kinleigh Folkard & Haywards, County Estate Management, Haywards, The [...]
The City is a beacon on the path to civvy street for our armed forces veterans November 18, 2016 I was a boy of 16 when I joined and a 28-year-old man when I left. Half of my life had been in the Army and the prospect of leaving was as daunting as anything I’d faced. I was lucky to find a new focus that made use of my skills – and I found [...]