London cab drivers bring roads around Westminster to a standstill with demo January 18, 2017 London black cab drivers have brought the roads around Westminster to a standstill with a demonstration against plans to cut their access to Bank junction. City of London Corporation wants to close the roads around Bank to all traffic apart from buses, and cabbies have already staged a number of demos in protest against the [...]
Delays on Piccadilly line after person hit by a train at Kings Cross January 18, 2017 A man has died at Kings Cross station after being hit by a train this afternoon, leading to delays on the Piccadilly line. Transport for London said service was suspended between Arnos Grove and Hammersmith, with minor delays on the rest of the line. https://twitter.com/piccadillyline/status/821709538650886144 British Transport Police (BTP) said they were called to the station [...]
Burberry reports increased retail revenue in third quarter but growth in Americas declines January 18, 2017 Burberry said today its revenues had increased in the three months to 31 December, and it welcomed a return to growth in Asia. The figures Retail revenue was up four per cent on an underlying basis, to £735m, while like-for-like sales went up three per cent. The group said £77m of its £150m share buyback programme [...]
Cabbies are demonstrating at Bank again today – but only for half an hour January 18, 2017 Black cab drivers will stage another protest at Bank junction this afternoon – but this demo will only last for half an hour. The drivers are protesting plans to cut their access to the junction. City of London Corporation wants to close the roads around Bank to all traffic apart from buses by spring of [...]
Mitie share price nosedives after it warns on profits again January 18, 2017 Mitie Group's share price plunged 16 per cent at the open after the company issued another profit warning. The stock recovered somewhat but was still down 9.3 per cent at pixel time. The outsourcing firm said it would incur a £14m one-off charge for the year to 31 March, the company's third profit warning since September last [...]
Ofcom slaps EE with £2.7m fine for overcharging thousands of customers January 18, 2017 Mobile phone operator EE has been slapped with a £2.7m fine after the telecoms watchdog found it had overcharged almost 40,000 customers. Ofcom said an investigation into the provider had shown consumers were overcharged to the tune of around £250,000. The regulator said EE, which was bought by BT last year, had admitted to incorrectly charging customers [...]
British American Tobacco shares fall three per cent after announcing $49bn Reynolds takeover deal January 17, 2017 British American Tobacco's (BAT) share price tumbled four per cent on Tuesday afternoon after it announced a deal to take over US competitor Reynolds. After months of talks between the two firms, BAT has agreed to pay around $49.4bn (£40.8bn) for the 57.8 per cent of Reynolds that it does not already own. Its shares jumped [...]
Davos 2017: This is what’s happening at the World Economic Forum today January 17, 2017 The 2017 World Economic Forum kicked off at Davos today, with a star line up of speakers ready to air their views on subjects ranging from the future of the digital economy to safe water. The first panel discussion on today's agenda, which began at 7.15am, was the Size Matters talk on the future of [...]
Traders prepare for sterling volatility ahead of Theresa May’s Brexit speech January 17, 2017 The pound fell to a three-month low overnight, and is continuing to hover around that mark ahead of Theresa May's Brexit speech later today. At pixel time sterling was back above $1.21, however, traders are preparing for volatility in the currency as the Prime Minister is set to lay out plans for a "clean break" [...]
Black cab drivers bring Bank junction to a standstill again with another demonstration against pedestrianising plans January 16, 2017 London's black cab drivers have once again brought Bank junction to a standstill, in a demonstration against plans to part-pedestrianise the area. Today's action follows a similar protest last Thursday. The cabbies are protesting against proposals to stop them driving through the junction. The City of London Corporation proposed at the end of last year that [...]
