London Car Free Day 2019: Everything you need to know about this weekend’s event September 20, 2019 Drivers have been warned to avoid large parts of central London as over 200 roads close in the capital for Car Free Day 2019. Between 7am and 7pm on Sunday, pedestrians will be given free rein across London Bridge and Tower Bridge, as the city highlights the problems caused by air pollution. Read more: Mayor [...]
Tottenham Hotspur refinance more than £600m of stadium debt to secure financial future September 20, 2019 Tottenham Hotspur have refinanced £637m of loans taken out to help build its new £1.2bn stadium. The club borrowed the lump sum from Goldman Sachs, Bank of America and HSBC to support the arena’s construction and were due to pay it back in full by April 2022. Read more: Olympiacos 2-2 Tottenham: Spurs stuck in [...]
LSE boss David Schwimmer feels ‘very good’ about Refinitiv deal after snubbing Hong Kong offer September 19, 2019 The boss of the London Stock Exchange has said he feels “very good” about merger plans with Refinitiv, in a fresh sign of the group’s reluctance to accept a separate takeover offer from its Hong Kong rival. LSE chief executive David Schwimmer expressed his enthusiasm for a $27bn (21.6bn) acquisition of data provider Refinitiv at [...]
London Calling: London holds on to number two slot in financial centres ranking September 19, 2019 London has clung on to second place in a respected ranking of the world’s top financial centres but its position in the top tier is under threat amid Brexit chaos and other global geopolitical shifts. According to the latest financial index published by researchers at consultancy Z/Yen, London has retained its number two spot behind New York following a year dominated by geopolitical uncertainty and a US-China [...]
Travelex fraudster who stole £70,000 faces sentencing September 19, 2019 A Travelex employee who stole more than £70,000 from one of the firm’s currency exchange bureaus will today be sentenced for fraud. Dubravko Kuftinec, 52, fraudulently stole £72,186 from Travelex’s Fleet Street branch inside the Goldman Sachs building. Read more: BT’s Italian accounting fraud linked to London, investigation reveals He had been working at the [...]
Major US law firm launches first office in ‘exciting and remarkable’ London September 18, 2019 US law firm Alston & Bird launched an office in London today in a bid to build a transatlantic finance and payments powerhouse. Finance partner Andrew Petersen said Alston & Bird’s management: “Firmly believe that London, with everything going on, is the place to be and I think that’s incredibly exciting for London.” The Atlanta-headquartered [...]
Uber rival Bolt sees surge in London rides three months after launch September 18, 2019 Ride-hailing app Bolt has boasted that 300,000 Londoners have signed up to its platform in just three months since its summer launch, as it aims to dent Uber’s dominance. The startup, which formerly launched in the UK as Taxify two years ago, has also seen around 50,000 drivers join a waiting list to work on [...]
Tube delays: Commuters face rush hour chaos on four lines after Baker Street signal failure September 18, 2019 Severe delays hit commuters in rush hour today as a signal failure at Baker Street caused disruption across several lines in a tough morning for Londoners. The fault led to severe delays on the Circle Line while the Hammersmith & City Line also suffered severe delays. Transport for London (TfL) urged commuters to use local [...]
Worried about Brexit’s impact on your business? September 18, 2019 London is one of the world’s business capitals – a world-class financial hub, home to leading businesses across finance, professional services, law, technology, and creativity. While Brexit will not change these fundamentals, we know that it will cause new challenges that firms need to address to continue to be successful. Big firms will weather the [...]
On the loo-se no longer: Police arrest second man as hunt for gold toilet burglar goes on September 17, 2019 Police trying to get to the bottom of the theft of a solid gold toilet from Blenheim Palace have arrested a second man in connection with the crime. A 36-year-old man from Cheltenham was arrested on suspicion of conspiracy to burgle, after thieves ripped the £4.8m artwork out of a wood-panelled room in the early [...]