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 [...]
Commuter misery: Severe delays hit two Tube lines June 19, 2019 Severe delays on the District Line and Jubilee Line left Underground commuters with the prospect of a hellish commute to work this morning. Read more: 10,000 Tube workers balloted on summer strike A signal failure at East Putney caused severe delays between Wimbledon and Earl’s Court on the District Line, despite a good service running [...]
Pokemon Go creator Niantic buys London startup Sensible Object June 18, 2019 Pokemon Go developer Niantic has acquired London-based games studio Sensible Object for an undisclosed sum as it continues to expand its gaming platform. Read more: Pokemon Go creator Niantic valued at $4bn Sensible Object, which uses voice AI and augmented reality (AR) in its games, will continue life as Niantic London after the acquisition. Founder [...]
South Western Railway strike: Thousands hit by industrial action June 18, 2019 Commuters faced the first of five days of disruption as a South Western Railway strike hit trains to and from London Waterloo station today. Passengers face rush hour chaos for the rest of the week and into the weekend on the route after workers with the Rail, Mairitme and Transport Union (RMT) walked out over [...]
Heathrow airport reveals third runway ‘masterplan’ June 18, 2019 The masterplan for Heathrow’s £14bn third runway will be revealed to the public for the first time today, alongside its largest-ever consultation into the project. The airport will reveal how it plans to reduce emissions and noise – two areas that campaigners have circled out as areas of concern – as well as a proposed [...]
Let London take back control of its finances June 18, 2019 As many a City A.M. reader will know, London is different from the rest of the UK in a variety of ways – and not just in terms of how it votes, its cultural mix, or its size and complexity. There is also the amount of tax that London’s citizens and businesses pay. Recent figures [...]