Big win for Wincanton as it inks four-year warehouse deal with Ikea December 21, 2016 Supply chain solutions group Wincanton has won the contract for Ikea's warehouses in London, the group announced today. Shares in Wincanton rose 2.34 per cent at the open. The agreement, which will run for four years, will see Wincanton lease and fit-out the warehouses on behalf of the Swedish furniture giant. Ikea's London warehouses occupy a combined [...]
All Piccadilly line trains back in service, says TfL, after weeks of delays due to repairs December 20, 2016 All 79 Piccadilly line trains are in service again, bringing weeks of delays to a close. Around half of the Piccadilly line fleet was taken out of action last month so that repairs could be carried out, causing massive disruption to services ever since. But today, Transport for London (TfL) said a good service had resumed [...]
Anti-fracking campaigners from North Yorkshire lose High Court challenge against fracking application December 20, 2016 The High Court has ruled that fracking can go ahead in Yorkshire after environmental campaigners lost their legal challenge today. North Yorkshire County Council granted a shale gas fracking permit to developer Third Energy in May this year, the first application to gain approval since a ban on fracking was lifted in 2012. Third Energy [...]
Italy wants €20bn for bank bailouts as Monte dei Paschi struggles December 20, 2016 The Italian government is seeking parliamentary approval to borrow €20bn (£16.8bn) in order to prop up the country's struggling banks. The first institution in line for a bailout is likely to be the beleaguered Monte dei Paschi, which must get rid of a book of bad loans and raise €5bn in capital by the end [...]
Monte dei Paschi share price drops nine per cent on reports rescue plan is floundering December 19, 2016 Shares in troubled Italian bank Monte dei Paschi dropped by more than nine per cent this afternoon, on reports that a rescue plan could be about to fall apart. The bank is trying to resolve its differences with a key investor over its €5bn (£4.2bn) rescue plan so as to avoid a state bailout, Reuters reported. [...]
IMF chief Christine Lagarde found guilty in negligence trial December 19, 2016 The head of the International Monetary Fund (IMF), Christine Lagarde, has been found guilty of negligence in relation to her handling of a controversial payout to a French tycoon during her time as the country's finance minister. However, the judges did not hand down any sentence in the case. The IMF chief was facing charges linked to [...]
German business confidence is at its highest level since February 2014 December 19, 2016 Germany business confidence rose in December to hit its highest level in almost three years, data has revealed today. The Ifo economic institute, based in Munich, said its its business climate index, based on a monthly survey of some 7,000 firms, rose to 111.0 this month, from 110.4 in November – beating Reuters' forecast of 110.7. [...]
Virgin Atlantic pilots vote to take industrial action on 23 December December 16, 2016 Virgin Atlantic pilots have voted in favour of industrial action short of a strike on 23 December. The pilots have voted to take action in an ongoing row over union recognition, the BBC reported. The Professional Pilots' Union (PPU), which represents most Virgin Atlantic pilots, said 88.6 per cent of its members had voted in favour [...]
Eversheds seals the deal with US law firm Sutherland as partners vote “overwhelmingly” in favour of combination December 16, 2016 City lawyers at Eversheds moved closer to a tie-up with US firm Sutherland today, as partners from both firms voted "overwhelmingly" in favour of a combination. The firms announced that they were in merger talks at the end of November, and the consultation and voting process concluded today, with approval from both partnerships. The combined [...]
Severe delays on Victoria line due to signal failure at Brixton December 16, 2016 There are severe delays on the Victoria line this morning, with no service between Victoria station and Brixton. Transport for London said the disruption was due to signal failure at Brixton. https://twitter.com/victorialine/status/809713526826815488 The disruption comes as service on the Piccadilly line slowly but surely starts to show signs of improvement. Around half of the Piccadilly trains [...]
