Severe delays on District and Circle Lines due to signal failure causing rush hour chaos for London commuters October 19, 2016 Severe delays on both the Circle and District Lines are still causing havoc for commuters, after a signal failure at South Kensington station this morning. Rush hour commuters faced travel disruption earlierwith severe delays along the entire District Line, and no service at all in the clockwise direction on the Circle Line, with severe delays going [...]
Foxtons reports decline in revenue in third quarter due to reduced activity in the London property market October 19, 2016 Reduced activity in the London property market hit Foxtons revenues during the third quarter of the year. The estate agents said total group revenue for the three months to 30 September had fallen to £37.5m from £43.5m last year, while sales revenue was down to £12.2m from £18.5m – reflecting a continuation of reduced activity [...]
We may not get an official decision on airport expansion until 2018 October 18, 2016 Theresa May won't hold the final vote on airport expansion until 2017/18 to allow for public debate, she has confirmed. The delay, confirmed in a letter from May to her cabinet colleagues which was seen by City A.M. today, will give cabinet ministers including Boris Johnson and Justine Greening the chance to air their grievances with the choice if Heathrow [...]
Eurostar services through Channel Tunnel halted due to power outage October 18, 2016 Eurostar services between London and the Continent through the Channel Tunnel have been halted this afternoon, due to a power outage. "Please be aware that we are currently experiencing disruption to Eurostar services, more details will follow shortly once the full impact has been established," the rail operator said in a statement on its website. Eurostar [...]
Borough High Street on lockdown as police officers assess “suspicious” vehicle October 18, 2016 Borough High Street is open again, after being put on lockdown this morning as police officers assessed a suspicious vehicle in the area. Police were called to the busy central London street at around 7.50am, and the surrounding area was cleared, with workers evacuated from office buildings on Borough High Street. A Met Police spokesperson has [...]
Ladbrokes grows revenue in third quarter as it revs up for Gala Coral deal October 18, 2016 Ladbrokes said today that revenue grew for the fourth consecutive quarter in the three months to 30 September. The bookmaker reported a 12.1 per cent increase in group net revenue in the third quarter, and said it remains on track to meet full-year expectations. The company announced the figures as it prepared to sell off 185 [...]
Burberry shares drop despite reports designer could be in for £125m windfall from sterling decline October 18, 2016 British designer brand Burberry said today that the fall in sterling could help boost its profit for the year by up to £125m – but its share price dropped 6.9 per cent at the open. Sterling has dropped significantly since the UK voted for Brexit in June – and in recent weeks, the pound has [...]
Ryanair warns sterling decline will hit full year profits October 18, 2016 Shares in budget airline Ryanair dipped today after it warned its full year profits are likely to be hit by the recent declines in sterling following June's Brexit vote. The pound plunged to record lows in the wake of the EU referendum result, and has struggled to recoup its losses since. The carrier reduced its full year [...]
UBS spending over £830m on IT system overhaul October 17, 2016 Swiss private bank UBS is spending around 1bn Swiss francs (£831m) on an overhaul of its IT system. The group wants to standardise the IT platform across its flagship wealth management business and said the investment will ultimately save money. "This is about integrating our historically fragmented infrastructure that we have globally into one platform," [...]
London travel disruption: Severe delays on Central Line after signal failure at Mile End station October 17, 2016 Commuters are facing difficulties on the Central Line this morning due to a signal failure in east London. Transport for London said there were "severe delays" on the line, and blamed an earlier signal failure at Mile End station. https://twitter.com/centralline/status/787932619405135872 Londoners trying to use the Central Line took to Twitter to vent their frustration, with [...]
