Trellis tower: London’s second-tallest skyscraper gets green light after planning battle November 25, 2019 Plans to build London’s second-tallest skyscraper, the Trellis, have been given the nod after a three-year planning war. The tower, whose real name is 1 Undershaft, will be 1,000 feet tall when completed, standing just 17 feet shorter than the Shard. Read more: Was Sadiq Khan right to reject plans for the Tulip tower? After [...]
Controversial Silvertown Tunnel project gets the go-ahead from TfL November 25, 2019 The controversial Silvertown Tunnel is set to finally go ahead, after Transport for London (TfL) announced this morning it had finalised the project’s contract. TfL has officially awarded the contract to Riverlinx Consortium to design, build, finance and maintain the £1bn tunnel connecting Royal Docks and Greenwich. Read more: Silvertown Tunnel: Bringing London together or [...]
Cake Box shares soar on rising profits as retailer whips up a storm November 25, 2019 Cake Box, the specialist seller of cream cakes, has enjoyed a rise in profits of more than a quarter in the first six months of the year. Shares in the retailer jumped seven per cent this morning, as it reported rising revenue on the back of nine new store openings during the period. Read more: [...]
Hopes of US-China trade deal boost Asian stocks amid Hong Kong local elections November 25, 2019 Asian stocks rallied slightly overnight, as investors hoped for progress in the trade war between the US and China. It comes in part as a reaction to comments by US national security adviser Robert O’Brian over the weekend, that an initial – or so called phase one – trade agreement with China is still possible [...]
Jet2 Holidays owner warns ‘much will depend’ on Brexit deal November 21, 2019 The parent of Jet2 has warned “much will depend” on whether the government gets a Brexit deal for the holiday business’s prospects in the coming years. Yorkshire-based Dart Group said it was unclear whether Jet2’s demand would remain “buoyant” without knowing how negotiations with the EU will pan out. Nevertheless, it reported solid trading over [...]
Mitie’s clients hold back on spending until after Brexit and the General Election November 21, 2019 Outsourcing giant Mitie has warned that its clients are holding back on committing to new projects, amid ongoing Brexit uncertainty and the upcoming general election. The firm, which provides cleaning, security, facilities management, energy and healthcare services, said the uncertainty could affect revenue growth in the coming months. Read more: Mitie to continue managing Lloyds [...]
Londoners face 27-day Christmas rail strike as union talks break down November 21, 2019 Christmas shoppers and commuters face a month of festive travel chaos, after talks over a 27-day strike on one of London’s busiest rail networks broke down. Negotiations between the Rail and Maritime Transport union (RMT) and South Western Railway collapsed after the operator failed to put forward any proposals that could settle the dispute, according [...]
US car giant General Motors sues Fiat Chrysler over union ‘bribes’ November 20, 2019 Two giants of the global automotive industry have come to blows this afternoon, with General Motors suing Fiat Chrysler of bribing US automotive workers to get better terms in strike negotiations. The US firm has filed a racketeering lawsuit against Fiat and its former executives, “intended to hold FCA accountable for the harm its actions [...]
Ryanair’s ‘abusive’ hand luggage fee banned by Spanish court November 20, 2019 Ryanair’s policy of charging customers for hand luggage has been ruled “abusive” by a Spanish court, and subsequently banned in the country. The charge, introduced last year, forces passengers to pay an extra fee if they want to bring anything more than one personal item into the cabin. Read more: Ryanair ‘saving millions’ in unclaimed [...]
Emirates orders $9bn worth of Boeing jets despite safety concerns November 20, 2019 Gulf airline Emirates has unveiled a $9bn order for 30 Boeing 787 Dreamliners, while reducing its deal for the delayed 777x plane from 150 to 126. The order was struck after 11th hour talks at the Dubai air show, which has been taking place this week. It follows comments from Emirates president Tim Clark that [...]
