Sajid Javid could block Hong Kong bid for London Stock Exchange September 13, 2019 Chancellor Sajid Javid is set to decide on whether or not to block a £32bn bid from Hong Kong for the London Stock Exchange as a government intervention appears imminent. Javid is reportedly mulling whether to step in on public interest grounds, citing national security and financial stability risks after the Hong Kong Stock Exchange [...]
London Stock Echange denies it will move City HQ to Hackney September 13, 2019 The London Stock Exchange Group has denied reports it is contemplating moving its headquarters out of the City and into the hipster haven of Hackney. The London group has hired Make Architects to design an office in Hackney on land that it currently owns, according to The Times. It would be the first time the [...]
Heathrow drone protest: Airport ‘remains open’ as police make two arrests September 13, 2019 Heathrow has said its runways remain open today despite efforts by climate change protesters to disrupt flights after two men were arrested. The Metropolitan Police arrested the two men at 5.50am in the vicinity of the airport on suspicion of conspiracy to commit a public nuisance offence. Read more: Heathrow exec likens expansion plans to [...]
Sadiq Khan under fire for calling Shaun Bailey ‘frit’ in heated City Hall exchange September 12, 2019 Sadiq Khan and Shaun Bailey have traded fresh blows at City Hall this morning, with the mayor calling his Conservative challenger “frit,” and “a wuss”. Khan came under fire from the Conservative Assembly Member for being childish during the monthly Mayor’s Question Time, after implying he was too scared to ask him questions. Read more: [...]
Battersea Power Station secures £600m funding for regeneration project September 12, 2019 Battersea Power Station has secured a £600m debt facility from its existing lenders to help finance the third phase of its redevelopment plan. The developer behind the project said it had agreed the funding with a consortium of financial institutions led by Standard Chartered. Read more: Battersea Power Station opens Coaling Jetty to the public [...]
Heidi Alexander: It would add ‘insult to injury’ if HS2 skips Euston September 12, 2019 It would add ‘insult to injury’ if High Speed Two (HS2) did not stop at Euston, London’s deputy mayor for transport has said. Read more: Businesses react as HS2’s price tag balloons to £88bn Former shadow cabinet minister Heidi Alexander said communities in London had already experienced “considerable disruption” around Euston, where HS2 is due [...]
Raising the roof: Bank Tube station upgrade reaches major milestone September 12, 2019 The upgrade project at Bank Tube station reached a major milestone this week as work was completed on the roof of the new entrance on Cannon Street. Read more: Tube drivers threaten disruption on Jubilee, Central, Northern and Victoria lines over noise levels Transport for London (TfL) said workers had “topped out” the new roof, [...]
Analysis: Could HKEX’s shock £32bn grab for London Stock Exchange actually succeed? September 11, 2019 Talk about a blockbuster day in the City. Investors expecting a quiet morning were caught off guard when the London Stock Exchange received a shock £32bn offer from Hong Kong Exchanges and Clearing (HKEX). Read more: Hong Kong bourse makes audacious £32bn offer for London Stock Exchange The bid, which puts the LSE’s own £20bn acquisition [...]
Police hunt City cyclist who headbutted pedestrian ‘in moment of unexplained rage’ September 10, 2019 A cyclist who ran a red light in the City of London jumped off his bike to headbutt the pedestrian he nearly collided with. Read more: City of London introduces rules to tackle wind-inducing skyscrapers Police say the cyclist attacked the passerby “in a moment of unexplained rage”, and have appealed for the public’s help [...]
Tube delays: Disruption strikes Circle, Hammersmith & City and Metropolitan Lines September 10, 2019 Severe delays are affecting three London Underground lines today as commuters face a difficult journey into work. Read more: Northern Line suspension causes day of misery for Tube commuters The Circle Line, Hammersmith & City Line and the Metropolitan Line all suffered disruption in this morning’s rush hour as Transport for London (TfL) advised commuters [...]