Evening tube chaos: Flooding hits Circle, Bakerloo, District, DLR, Hammersmith and City, Metropolitan, Waterloo and City, and overground lines as some stations are shuttered June 23, 2016 Flooding is causing chaos across the London underground this evening as commuters battle against the elements to reach polling stations. Monument Station remains closed and has been for much of the day due to flooding as the heavens opened on the day of the EU referendum; engineers are working to fix the problem. The Circle line still has sever delays [...]
Corbyn: Future Labour government would back financial transaction tax June 22, 2016 A future Labour government would back the EU on a financial transaction tax, Jeremy Corbyn said at the party's final Remain rally. The Labour leader announced his support for the tax standing alongside London mayor Sadiq Khan whose against the measure. Corbyn said the levy was “a very sensible proposal I am sure everybody in this building would agree [...]
US alternative lender Trade Finance Solutions opens London office on the road to global growth as Europe chief dismisses Brexit worries June 22, 2016 US alternative lender Trade Finance Solutions (TFS) has opened a London office as it targets further expansion outside of North America. The office opening comes just one day before the UK takes to the polls to vote over its membership of the European Union, which has sparked levels of volatility in the market not seen since the [...]
London drops down list of world’s most expensive cities June 22, 2016 London has dropped five places in the latest ranking of the most expensive cities to live in, slipping behind rivals from Europe, Asia, Africa and America. The capital was found to be the 17th priciest city in the world to call home on a calculation which takes into account housing, subsistence, travel and entertainment costs, down from [...]
London needs to up its quality of life to compete internationally June 21, 2016 Londoners interact with different elements of the city, and seemingly different centuries, on a daily basis. On one hand, London is the tech capital of Europe. Since 2010, the number of digital businesses in east London's Tech City alone has soared from 250 to over 3,000 according to Gerard Grech, chief exec of Tech City [...]
What the doctor ordered: London Doctors Clinic’s Seth Rankin talks Papua New Guinea, crowdfunding and bringing choice to patients June 20, 2016 If you’ve ever needed to pop to the doctors that same day, and you didn’t have the time or inclination to go to a walk-in centre, you may well have found yourself going to a London Doctors Clinic. If you’re based in central London, there’s one within ten minutes of where you work. At £55 for 15 [...]
PwC promotes record 61 equity partners, boosting female partnerships to 174 June 20, 2016 PricewaterhouseCoopers (PwC) has broken its own record by promoting 61 employees to equity partner status. This is the third year in a row that the accountancy firm has increased its investment in staff. Almost one third (28 per cent) of the new partners are female, bringing the firm’s total number of female partners to 174 – more [...]
Hold on to your hats: Markets brace for referendum turmoil June 20, 2016 Financial markets are braced for one of the most volatile weeks of trading since the height of the financial crisis in 2008. As referendum campaigning resumes following its suspension after the horrific murder of MP Jo Cox last Thursday, analysts said this week could unleash “chaos” on already volatile stock markets. Ranko Berich, head of analysis [...]
Music fans take over Dalston club Passing Clouds after new owners change the locks June 19, 2016 Protesters have occupied Dalston club Passing Clouds, after the site’s new owners changed the locks and announced plans to turn the venue into an office block. More than 200 people gathered outside the club on Friday afternoon, before entering the building and performing a common law eviction of the new owners. The Passing Clouds team [...]
London travel chaos: Rail services disrupted during rush hour at Paddington after train derails leaving reduced service between Reading and London June 17, 2016 Disruption to train services in and out of Paddington Station is expected to continue during evening rush hour today, after a train derailed last night. A non-passenger train derailed and caused damage to signalling and overhead wires last night, according to Great Western Railway (GRW). The station issued a picture of the damage in a [...]