British electricals business Luceco sets sparks flying with £200m float October 12, 2016 A British electricals business is planning a float worth at least £200m, giving a new spark to the UK’s initial public offering (IPO) pipeline. Luceco, an LED lighting and portable power manufacturer, is aiming to raise £25m from the flotation which could go ahead as early as next Monday. An equity holder in the company, Epic [...]
London businesses remain upbeat about growth for next two years October 12, 2016 Almost three-quarters (73 per cent) of SMEs predict that they will experience moderate to considerable growth over the next two years, according to research out yesterday. Albion Ventures, a British venture capitalist investor, has found that only five per cent of small businesses believe they will shrink or fold in the same time period, with [...]
Beyond Heathrow versus Gatwick: The government should set airports free to compete for future growth October 12, 2016 The question of where to build a new runway in the South East has been stuck in the hangar for decades. But the lack of progress has not been for want of trying. Far from it. In fact, for all the time that’s been devoted to this issue over the last 40 years, we should have [...]
Commuters facing travel chaos at Euston station October 12, 2016 Commuters are facing travel chaos at Euston station this afternoon, due to a broken down train between Harrow & Wealdstone and Watford Junction. Rail operator London Midland warned that some trains in and out of Euton may be delayed by up to one hour. UPDATE: Due to a broken down train btwn #Harrow&Wealdstone – #WatfordJunction trains [...]
Thousands of Londoners flee the capital in search of cheap homes October 12, 2016 Tens of thousands of people leave London for a new life in the sticks every single year, new figures from the Office for National Statistics (ONS) have shown. More than 310,000 Londoners moved away from the capital between 2011 and 2015, the ONS said, with most other major cities also seeing Britons flee in search [...]
London Chamber of Commerce warns a “dramatic rethink” is needed on London traffic October 12, 2016 The London Chamber of Commerce and Industry (LCCI) has said a “dramatic rethink” is needed when it comes to London traffic and how it’s managed. It has made recommendations in a submission to the London Assembly's Transport Committee congestion investigation, noting the capital was fast approaching "mega-city status". It also warned congestion measures previously introduced – such as [...]
Face-to-face talks between Southern Rail and RMT break down October 12, 2016 Talks aimed at resolving the ongoing dispute over the role of guards on Southern Rail have broken down without agreement, the Rail and Maritime Transport (RMT) union said. RMT general secretary Mick Cash said Southern Rail boss Charles Horton was "refusing to stick by the assurances he gave to the media yesterday that he can 'absolutely' guarantee a [...]
Spurs are doing an Arsenal as they look to rename White Hart Lane station October 12, 2016 Tottenham Hotspur wants to rename White Hart Lane station, which is fine with Transport for London (TfL), but apparently the club will have to shell out £12m to do so. The North London football club wants the London Overground station renamed Tottenham Hotspur station ahead of the opening of its new £400m stadium. It's not the [...]
London travel disruption: Delays into London Liverpool Street between St Pancras and Blackfriars October 12, 2016 Londoners are facing delays on a number of forms of transport this morning, as the Southern rail strikes continue. Trains between London St Pancras and Blackfriars are delayed due to a broken down train. Trains between London St Pancras International and London Blackfriars may be delayed by up to 15 minutes because of a broken [...]
Time Out to open first London market in Shoreditch next year following success of Lisbon venue October 12, 2016 Time Out will launch its first London market in Shoreditch next year, the magazine publisher-turned-entertainment group announced today. The London market will follow the same model as the group's flagship venue in Lisbon, Portugal, which opened in May 2014. The 19,250 square foot space on Commercial Street will hold restaurants, bars, shops, an art gallery [...]