Bank of Ireland sells UK credit card portfolio to London startup Jaja for £530m June 28, 2019 Bank of Ireland has agreed to sell its UK credit card portfolio to digital finance company Jaja Finance for a face-value fee of £530m. The company announced on Friday its decision to sell the portfolio of cards comprising the existing Bank of Ireland UK, the AA and Post Office-branded credit cards. Read more: London Capital [...]
DEBATE: Should London follow Berlin and introduce rent freezing? June 28, 2019 Should London follow Berlin and introduce rent freezing? Gina Miller, founding partner at SCM Direct, says YES. I appreciate that many economists say rent control forces rent down, which can lead to landlords reducing the stock of rental property. But as the economics professor Richard Arnott has stated: “real-world rent control, at least in its [...]
Police find ‘nothing suspicious’ on jet after emergency Stansted landing June 27, 2019 Police have found nothing suspicious on board a passenger jet that made an emergency landing at London Stansted Airport over a bomb threat hoax. The landing took place just before 10.30am today after two RAF Typhoons escorted the Air India B777 Flight 191 to Stansted. The bomb threat turned out to be a hoax, with [...]
Tube drivers get ear defenders for ‘screeching’ Underground lines June 27, 2019 Transport for London (TfL) has offered Tube drivers ear defenders to protect them against high levels of noise from new sections of track, after their union threatened a strike. Drivers on the Victoria, Jubilee, Central, Piccadilly, Bakerloo and Northern Lines will receive the mufflers to cope with noise levels that reportedly reach up to 109.5 [...]
Europe heatwave 2019: Temperatures soar above 40C as Sahara bubble engulfs continent June 27, 2019 A heatwave currently engulfing Europe has seen temperatures reach record highs. Germany, Poland and the Czech Republic all experienced their highest-ever temperature recorded for June on Wednesday and there is little sign of the heat abating as the weekend approaches. Other countries, such as France and Switzerland, are expecting temperatures to surpass 40C (104F) on [...]
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 [...]