London business confidence recovers on improved domestic and export sales June 27, 2019 London business confidence bounced back in the second quarter (Q2) as domestic and export sales recovered, according to data published today. A survey from the London Chamber of Commerce and Industry (LCCI) showed 20 per cent of businesses reported increased domestic sales in Q2, up from 14 per cent in Q1. The number of businesses [...]
Tube delays: Severe delays hit commuters on two Tube lines June 26, 2019 Commuters faced a morning of disruption today as Tube delays struck two key Underground lines. Read more: Tube delays strike Northern Line amid rail flooding cancellations Severe delays hit the Circle Line clockwise route after a faulty train at Latimer Road earlier this morning. The Circle Line is running a good service anti-clockwise, however, But [...]
Tube delays: Severe delays hit Northern Line as train routes flooded June 25, 2019 Commuters faced a miserable commute to work this morning as the Tube’s Northern Line was hit with severe delays. Read more: Londoners brace for summer Tube strike chaos Severe delays hit commuters between Morden and Camden Town northbound via the Northern Line’s Bank branch this morning following a fire alert at Morden. That had a [...]
Londoners brace for summer Tube strike chaos June 24, 2019 Londoners are braced for misery as the RMT rail union prepares to ballot its members on a summer Tube strike on Wednesday. The RMT claims it is being hurt by staff job cuts and privatisation under Transport for London’s (TfL) cost-cutting programme, which has seen it slash back office costs by about 30 per cent [...]
Dagenham Dock could be the perfect new home for the City’s historic food markets June 24, 2019 Since the Middle Ages, three iconic wholesale food markets have served Londoners with a range of fresh produce, even as the capital’s population and culinary tastes have changed beyond all recognition. Individuals and businesses continue to purchase meat, fish, fruit and vegetables at Smithfield, Billingsgate, and New Spitalfields markets to this day. The City of [...]
Hedge fund manager John Paulson shutters London office June 20, 2019 Hedge fund manager John Paulson, who made billions of dollars by betting against subprime mortgages before the financial crash, has reportedly closed his London business. Orkun Kilic, the last remaining partner in the London office, has left the firm according to a filing to Companies House. Read more: Hedge funds ramp up bets against Jupiter [...]
Mayor of London Sadiq Khan to close 12 miles of roads for Car Free Day 2019 June 20, 2019 Mayor of London Sadiq Khan is set to close 12.3 miles of roads in the capital for Car Free Day 2019. Khan’s road closures will span 18 London boroughs including major roads around Tower Bridge, London Bridge and the City of London for the event on Sunday 22, September. Read more: 500 London roads breach [...]
Capco investment boss to quit as Earl’s Court de-merger speculation mounts June 19, 2019 The investment chief at Capital & Counties (Capco) revealed plans to step down this morning, sparking fresh speculation over the future of the property giant’s struggling Earl’s Court development. Managing director and chief investment officer Gary Yardley is leaving the company at the end of this month, as the firm prepares for a potential split [...]
London City Airport video offers sneak peek of £500m upgrade June 19, 2019 London City Airport (LCA) has offered the public a glimpse into the future look of its £500m revamp. Read more: Tulip tower may interfere with radar systems The airport has shown passengers a sneak peak into what the airport will look like from 2022. It will boast a new check-in and security area, departures lounge, [...]
London property market drags down UK house prices June 19, 2019 UK house prices were dragged down by subdued demand in London last month, as buyer caution continued to linger in the capital during April. London witnessed the lowest annual growth out of any region, with prices falling by 1.2 per cent over the year to April 2019, up from a fall of 2.5 per cent [...]