French titan Schneider snatches Aveva in £9.5bn deal September 21, 2022 French industrial giant Schneider has snatched London-listed software developer Aveva in a £9.5bn deal. Schneider already owns a majority stake in the Cambridge developer as in 2017 it acquired 60 per cent of Aveva for £3bn. The £31 per-share deal, which implies an enterprise value of £10.2bn, was announced today by the companies. The offer [...]
London businesses still not sure what ‘Levelling Up’ means, new survey shows September 20, 2022 London businesses are still unclear on the details of what the UK government’s ‘Levelling Up’ agenda actually entails, according to new research from the London Chamber of Commerce and Industry (LCCI). First set out in the Conservative Party manifesto in 2019, the Levelling Up policy aims to reduce disparities between regions and social groups inside [...]
Entry to queue for Queen lying in state PAUSED for six hours as it reaches capacity September 16, 2022 The queue to view the Queen’s coffin has been paused for six hours as it reached capacity at 10am, with a 14-hour wait for mourners at the back of the line. The line snaked down the River Thames’ Southbank all the way to Southwark Park, which the Department for Digital, Culture Media and Sport, say [...]
Queen’s funeral: Westminster, St James’s Park and Hyde Park Corner tube stations closed on Monday September 16, 2022 Three key London tube stations will be closed on Monday to prevent overcrowding ahead of the Queen’s state funeral. Westminster, St James’s Park and Hyde Park Corner tube stations will remain shut for most of Monday morning up to one million people are expected to flock into central London for the unprecedented event. Transport for [...]
Two police officers hospitalised after stabbing in Leicester Square as assailant tasered and arrested September 16, 2022 Two police officers have been taken to hospital after being stabbed in Leicester Square this morning. A man with a knife was tasered and later arrested after launching the attack on emergency workers. In a statement to City A.M.. the Metropolitan Police said it took place at 6am at one of London’s busiest tourist attractions. [...]
Queue for Queen into third day: Now 4.4 miles and 11 hours long with end at Bermondsey Beach September 16, 2022 The queue to see Her Majesty the Queen lying in state is now 11 hours long and winds almost 4.5 miles from Westminster all the way to Bermondsey. Tens-of-thousands of people camped out for a second night along the Thames as the so-called ‘queue for the Queen’ entered its third day. Well-wishers have been joining [...]
Barclays faces £40m lawsuit over breast implant scandal September 16, 2022 Barclays is facing a £40m High Court lawsuit over claims it dishonestly transferred assets, owned by one of Britain’s largest cosmetic surgery providers, to prevent women who were given dangerous breast implants from receiving compensation. The High Court lawsuit, which is scheduled to be heard this October, claims Barclays’ Business Support Unit helped restructure Hospital [...]
London hotel occupancy soars to 85 per cent during week of Queen lying in state September 15, 2022 Hotel occupancy rates in the centre of London have soared to almost 85 per cent ahead of the Queen’s funeral. Mourners and well-wishers have come to the capital from across the country and around the world to mark the death of Queen Elizabeth, and they all need somewhere to stay. This week, hotel occupancy peaked [...]
Exclusive: UK retailers should copy TfL or they miss out on advertising cash, argues City bigwig September 15, 2022 Are UK retailers missing a valuable opportunity to earn money from advertising? A City insider thinks most big brands do, as he urges the High Street’s biggest names to look at TfL and copy their model by rolling out a retail media network. So-called retail media networks are one of the hottest emerging trends in [...]
Citigroup hires veteran JP Morgan dealmaker to bolster London team September 14, 2022 Citigroup has hired JP Morgan veteran Barry Weir as the new managing director of its London investment banking team. The veteran dealmaker, known for his expertise in natural resources, will join Citigroup’s London office in September, acco. rding to Bloomberg. Citibank’s poaching efforts come as the New York bank is seeking to bolster its UK [...]