The London Metal Exchange is going to Essex for a summer holiday July 22, 2016 The London Metal Exchange (LME) is leaving the Square Mile for a while – and moving its trading base to Essex. The Exchange, which is usually based at 10 Finsbury Square, has been informed by its landlord that a structural issue within the building, which was discovered last weekend, would take longer than originally expected to resolve. [...]
London travel watchdog calls for action on Southern Rail July 22, 2016 London TravelWatch has called for an independent review of the Southern Rail franchise, after the train company slashed the number of services it provides. The independent travel watchdog, which is funded by the London Assembly, said it was greatly concerned "about the continuing poor performance and unreliability that Southern Rail passengers are facing". London TravelWatch [...]
Heathrow boss says Brexit means airport expansion plans need to move forward as company reports revenue grew to £1.3bn in first half of 2016 July 22, 2016 Heathrow boss John Holland-Kaye today said expanding the west London airport will give Britain the post-Brexit boost it needs, as the company reported revenue and profit grew in the six months to 30 June. Revenue was up one per cent to £1.32bn, from £1.31bn in the same period of 2015, while pre-tax profit jumped 8.7 [...]
Fire alert at London Bridge station hits Jubilee line service between Canary Wharf and Waterloo ahead of rush hour commute July 21, 2016 There are severe delays on the Jubilee Line this afternoon due to an earlier fire alert at London Bridge. The line was earlier closed between Canary Wharf and Waterloo. TfL said the Northern Line has not been affected. London Fire Brigade was contacted just after 3pm today to investigate reports of the smell of smoke in [...]
Mario Draghi hints at stimulus measures to come but says post-Brexit market too uncertain to make decision at the moment July 21, 2016 ECB president Mario Draghi said Eurozone markets had weathered the post-Brexit market volatility spike with "admirable resilience". Draghi was speaking at a press conference after the ECB decided to maintain rates at its first meeting since the UK's Brexit vote in June. While he praised central banks and "robust" regulation for keeping market stress constrained after the [...]
Mario Draghi maintains rates in first ECB meeting since Brexit vote July 21, 2016 The European Central Bank (ECB) has left rates unchanged across the Eurozone, in line with analysts' expectations. The rates were decided at the first meeting of Europe's central bank since the UK voted in favour of a Brexit last month. Economists were expecting no change to current rates, with the headline deposit rate remaining at [...]
More broadband problems for BT customers July 21, 2016 BT said it is close to resolving more internet connection issues reported by customers today – and said a power cut at another of its partner's sites had led to service problems. The telecoms provider said: “We’re sorry that some BT and Plusnet customers are having problems connecting to some internet services this morning. "This is [...]
In or out of Europe, the UK is an innovation economy – here’s how it can stay that way July 21, 2016 Forget Brexit for one moment and allow yourself time for some good news: Britain is going through a craft-making boom. Far from a hobby industry, it now contributes over £3.4bn to the UK economy annually – helping design and create everything from surgical implants, to drug catheters, to cars. And with targeted support from government [...]
Easyjet revenue dips in third quarter despite passenger number growth July 21, 2016 Easyjet said today that June's Brexit vote, as well as recent events in Turkey and the truck attack in Nice, had hit consumer confidence and contributed to a "difficult" trading environment. And the company also said that trading prospects were so uncertain that it would be impossible to give a profit forecast. Shares in the company [...]
Sainsbury’s creates 900 new jobs at fulfilment centre in London July 21, 2016 Sainsbury’s announced this morning that it is creating 900 jobs at its new online fulfilment centre in Bromley-by- Bow in east London. The 185,000 sq ft centre, due to open this autumn, was built as part of the retailer’s strategy to cater for growing demand in the capital for its online groceries service. At the moment, online orders are picked [...]
