London house prices: What £500k gets you in tube zones 1 to 6 February 23, 2021 For London workers, it can be an unsettling dilemma whether to spend more on a house near the office or upsize further out but spend more time and money on tubes. House prices differ considerably, even between adjacent tube stations. The average house price in Knightsbridge will set you back around £1.6m but hop on [...]
TfL to soon launch Hammersmith ferry service while famous bridge is closed February 23, 2021 A temporary ferry service will soon operate in west London to shuttle pedestrians and cyclists across the Thames alongside the closed Hammersmith Bridge. Transport for London (TfL) announced today that it had received bids from City Cruises and Uber Boats by Thames Clippers to run the shuttle service, after receiving government funding. The new ferry [...]
Independent Persons February 23, 2021 | Sponsored The City of London Corporation provides local government services for the financial and commercial heart of Britain, the “Square Mile.” It is committed to promoting and maintaining high standards of conduct amongst its elected members who serve the City’s residents, workers and businesses. The Corporation is currently undertaking a review of its overall governance arrangements [...]
Saudi prince to sell £195m stake in London skyscraper February 23, 2021 A Saudi prince is close to selling his stake in a City skyscraper to an American investor for around £195m. Prince Abdul Aziz bin Fahd owns 25 per cent of Salesforce Tower in Bishopsgate. The tower has attracted interest from New York-based investment firm Madison International Realty. The 46-storey tower took four years to complete [...]
Banksy’s balloon girl and Kate Moss photo up for grabs at London art sale February 22, 2021 A print of Banky’s ‘Girl With Balloon’ and a photograph of supermodel Kate Moss are among the top attractions at a London art sale this week, celebrating 70 years of British art. The auction, which will take place on Thursday 25, will also feature boots designed by Damien Hirst and photos of The Who and [...]
New campaign urges London’s drivers: switch off engines when parked to save lives February 22, 2021 | City Talk A new London-wide advertising campaign has launched today [22 February] encouraging drivers to turn off their engines when parked to cut air pollution. Led by the City of London Corporation and Camden Council, and funded by the Mayor of London, the ‘Engine Off, Every Stop’ campaign features posters and billboards on roadside sites and petrol stations [...]
GardaWorld refuses to raise G4S offer ahead of auction showdown February 22, 2021 Canadian firm GardaWorld will not raise its final offer to acquire G4S, leaving the field clear for Allied Universal to triumph in the bidding war. Ahead of a five-day Takeover Panel auction this week, GardaWorld has announced that it will not boost its proposal of 235p per share. Stephan Crétier, founder, chairman, president, and CEO [...]
Recruitment firm RTC suffers drop in profit as pandemic takes toll February 22, 2021 London-listed recruitment firm RTC saw profit from operations drop by 45 per cent to £1.1m in 2020, as the pandemic struck industries across the world. Group revenue also fell by 14 per cent to £81.4m, while earnings per share hit 4.6p compared to 9.6p in 2019. Meanwhile, net cash increased to £1.9m and RTC reported [...]
Sunday Sitdown: Time Out boss Julio Bruno on the ‘renaissance’ of cities February 21, 2021 While no one could have predicted the outbreak of coronavirus, few companies have been blighted by worse timing than Time Out. In the face of shrinking revenue from its core events listings business, the media group has spent recent years shifting its focus to a new offering of food and culture markets. But when the [...]
Plans for grand new building axed in favour of ‘major overhaul’ of Barbican estate February 19, 2021 Plans for the pyramid-shaped Centre for Music have been scrapped and replaced with plans for a “major renewal” of the nearby Barbican estate. The elaborate concert hall was planned as the new home for the London Symphony Orchestra, but the City of London Corporate has now axed the idea in favour of a revamp of [...]