Battersea Power Station set to start energy production after 37 dormant years January 7, 2019 The chimneys of Battersea Power Station will work once more when the site starts producing energy again in 2020, three and a half decades since the factory went quiet. The Grade II*-listed building is at the heart of a 42-acre redevelopment project that will introduce a six-acre park, a town square, a new Tube station as [...]
It won’t be plain sailing, but 2019 is full of opportunities for London’s finance sector January 7, 2019 People across the City are steadily returning to work, starting to burn off the holiday excesses, and turning their sights to the exciting possibilities of a new year. It’s obvious that 2019 will present us with substantial challenges, and reserves of resilience and pragmatism will be needed in order to meet them. There will be uncertainty [...]
Cars, lorries and taxis to be banned from Tottenham Court Road as part of £35m revamp January 4, 2019 Cars, lorries and taxis will be banned from Tottenham Court Road as part of a £35m project to improve the West End. The road will be open to buses and bikes only between 8am and 7pm, Monday to Saturday, in a bid to reduce congestion and air pollution and speed up bus routes. The changes, [...]
Eurostar celebrates new Netherlands train service with Amsterdam-style canal bridge at St Pancras station January 4, 2019 Eurostar has built a mock Amsterdam canal bridge at St Pancras station today to mark the introduction of its third daily high-speed rail service to the Netherlands. The train service from London to Rotterdam and Amsterdam will start on 11 June 2019 after Eurostar first opened its route to the Netherlands last April. “Our new [...]
Londoners set to bag two per cent pay rise in 2019 as job vacancies jump January 4, 2019 London workers will enjoy a 2.4 per cent increase in their salaries this year, making the capital one of the best cities in the UK for pay rises. The welcome boost to pay packets will take the average salary in the capital to £38,600, according to a new report from online job site CV Library. [...]
What the City of London’s skyline will look like in 2026 January 3, 2019 New images have revealed how London’s skyline will be transformed in the next seven years after planned developments have been completed. Seven towers are under construction and due to be completed by 2026 in the City Cluster, which is the area in the eastern corner of the Square Mile, and a further six have received [...]
Co-op to open 100 food stores in 2019 in push towards convenience January 3, 2019 Co-op has confirmed it is to open 100 food stores this year as part of a £200m push to improve its convenience offering. The new locations will come in addition to the refurbishment of 200 stores across the country as part of an investment programme it says will create around 1,500 new jobs. Around one-third [...]
Resilience, risk, and regulatory changes: What lies ahead for the UK finance sector January 3, 2019 As we look ahead to 2019, the banking industry could be excused for trying to catch its breath. A decade on from the financial crisis, the path forward still remains fraught with difficulties. Return on equity remains stubbornly low across the board, while cost-income ratios remain high. This year will clearly be defined through the [...]
Aston Martin begins search for new audit firm three months after IPO January 2, 2019 Aston Martin is on the hunt for a new audit firm just three months after it floated on the London Stock Exchange. The luxury car maker has begun to contact new accountancy firms after KPMG, which has carried out the work since 2007, declined the opportunity to re-pitch for the role, Sky News reported today. [...]
Apsley and Oxshott top London’s commuter town rankings after today’s rail fare price hike January 2, 2019 Hertfordshire's Apsley has been named London's cheapest town for City commuters, after the UK today hiked up rail fares by 3.1 per cent and hit the capital's train riders the hardest. In an analysis of house prices, mortgage payments, the cost of a rail season ticket and journey duration, Apsley won out in costing the [...]