Launch of $2.5bn Asian bond a ‘vote of confidence’ in London Stock Exchange May 15, 2019 A $2.5bn (£1.9bn) bond from the Asian Infrastructure Investment Bank (AIIB) was welcomed by the London Stock Exchange (LSE) today, with its launch dubbed “a vote of confidence in the UK”. Read more: London Stock Exchange boosts income and notes improved listing environment The five-year bond will list on the LSE’s main market on 17 [...]
Crossrail is paying drivers £13m a year to practise while they wait for Elizabeth Line to open May 15, 2019 Crossrail is spending nearly £13m a year on drivers who are spending their time practising as they wait for the delayed railway to open in two years' time. Read more: Crossrail bosses blasted for 'driving up costs' on London's £17.6bn project The numbers were revealed after Gareth Bacon, the Tory leader in the London Assembly, asked [...]
While the US and China sneeze, London too risks catching a cold May 15, 2019 The trade dispute between China and the US has escalated. After Donald Trump tweeted that he was imposing higher tariffs on $200bn of Chinese imports to the US, China predictably retaliated, announcing on Monday that it would impose a further $60bn of tariffs on US goods coming into the country. Much attention has been paid [...]
Union bosses suspend three-day Tube strike over FA Cup Final weekend May 14, 2019 Union bosses have called off a major Tube strike that was set to cause havoc during the FA Cup final this weekend. Read more: Commuter chaos: Severe delays strike four Tube lines The Rail, maritime and transport (RMT) union claimed victory today as it cancelled the London Underground strike, saying transport chiefs had caved in [...]
Underground misery strikes commuters as severe delays hit four Tube lines May 14, 2019 Severe delays hit four Tube lines this morning as signal failures brought commuters’ journeys into London grinding to a near standstill. Read more: Multiple Tube lines struck with severe delays Disruption plagued the Circle and Hammersmith & City lines after a signal failure at Farringdon this morning, with Transport for London (TfL) advising passengers that [...]
Hello sunshine: London temperatures set to soar this week May 13, 2019 Londoners are set to bask in sunshine this week as temperatures rise to a balmy 18°C. After a wet start to the month, the clouds have cleared and temperatures are expected to remain in the high teens throughout the week. Tuesday will bring the week’s warmest weather, with temperatures rising to a high of 18°C, [...]
Tube delays: Commuters suffer severe delays on key London Underground lines May 13, 2019 Commuters were set to face a painful journey to work this morning as a signal failure and police investigation led to disruption across multiple Tube lines. Read more: DEBATE: Should industrial action on the Tube be banned? Severe delays struck the Bakerloo Line after a signal failure at Warwick Avenue, with Transport for London (TfL) [...]
London’s finance expertise is leading the global charge towards a greener planet May 13, 2019 Tackling climate change presents an unprecedented challenge for us all – politicians, businesses and individuals alike. It’s estimated that some $90 trillion will be needed globally by 2030 to achieve international sustainable development and climate objectives, which is undoubtedly a daunting task. But it is also a significant opportunity. The UK’s financial and professional services [...]
Tube chaos to hit commuters next week in three-day strike by 1,200 London Underground staff May 12, 2019 Severe delays are expected to hit London’s Tube next week as around 1,200 engineering staff walk out on strike. Read more: DEBATE: Should industrial action on the Tube be banned? Union RMT said its members were going on strike after what it called “serious and damaging cuts” to preparation and inspection schedules. The three-day strike is [...]
The disability employment crisis must end – it’s time for businesses to step up May 8, 2019 It may be 2019, but for a million disabled people across the UK, it feels like 2009. A generation of educated, motivated and ambitious individuals have been sidelined because of mistaken, outdated attitudes about what disabled people can achieve. The harsh reality for disabled people is that time has stood still – it’s as difficult [...]