Barclays’ share price falls as it confirms it is selling off Africa, cutting dividend and creating two divisions ahead of ring-fencing March 1, 2016 Barclays' new chief executive Jes Staley has outlined a major new strategy to simplify the bank, confirming that it will sell off its Africa stake. The move comes as the global lender prepares "for regulatory ring-fencing requirements", Staley said this morning. As expected, the 62.3 per cent stake in Barclays Africa Group (BAGL) will be reduced "to [...]
Customs officer shot dead in apparent suicide at Hong Kong International Airport March 1, 2016 A customs officer has been found shot dead at Hong Kong International Airport, local media is reporting. Witnesses said they heard a gunshot coming from the custom officers' changing rooms at around 1pm local time. The changing room was located at the Cathay Pacific air cargo terminal on Chun Wan Road North. Ambulances were called to the airport [...]
EU referendum: Brexit could affect property prices – but the Chinese slowdown and a potential interest rate rise are greater causes for concern February 29, 2016 The date has been set and the die has been cast – after 40 years this June voters will have a chance to decide if Britain should stay in the EU and speculation on the possible impact of a Brexit has reached fever pitch. While politicians, businesses and industry experts are willing to throw their [...]
Hatton Garden: Police pin man to ground after reports of threatening people with a knife February 29, 2016 London's iconic jewellery district Hatton Garden was home to more scenes of police cars and vans, after officers had to break up a knife row this afternoon. Two men have been arrested – the first on suspicion of being in possession of an offensive weapon and affray, the second on suspicion of affray and assaulting a [...]
Rethinking the commute: How to travel happier on the Tube, according to Arup – the architects for Copenhagen’s Cityringen February 29, 2016 How much happier would Britons be if they had better commutes? According to recent research, Londoners have the longest commutes in the UK – 49 mins on average. However, with train delays, missing drivers and unpredictable weather all making commuting more stressful than a role in the air force or riot police, what are the repercussions for Londoners’ [...]
What the Morrisons-Amazon tie up is doing to Tesco, Ocado and Sainsbury’s share prices February 29, 2016 Morrisons might be having a whale of a day after revealing its tie-up with Amazon this morning – but virtually the rest of the retail sector has spent the day so far in the red. Morrisons' share price soared on the news that it would be offering hundreds of products to Amazon's UK customers via [...]
Saving with traditional banks? Shopping around to challengers like Charter Savings Bank, Aldermore, Sainsbury’s or Virgin Money could help reduce risk while increasing your reward February 29, 2016 People are saving more: according to last week's figures from the BBA, personal deposits grew 3.7 per cent in the year to January. But at a time when the base rate is frozen at 0.5 per cent and looks set to remain at record low levels well into 2017, you could be forgiven for wondering why anyone would want to increase [...]
Numerous flights delayed, diverted as Gatwick Airport shuts runway over oil spillage caused by Virgin 747 dumping fuel February 29, 2016 Gatwick Airport has shut its runway this morning because of an oil spillage, preventing all flights from leaving or landing. Reports suggest a Virgin 747 dumped fuel on the tarmac, causing widespread delays since mid-morning. Difficulties at London Gatwick airport, many flights are diverting. Follow live: https://t.co/x9HwOITysZ pic.twitter.com/dYvxlxkaWD — RadarBox (@RadarBoxCom) February 29, 2016 The London [...]
Unified Response: London police, ambulance and fire crews test UK’s biggest ever multi-agency disaster training exercise as tower “collapses” into Waterloo Tube station February 29, 2016 London's emergency services are taking part in the biggest training exercise in London Fire Brigade's 150-year history, to see if the various agencies can cope in the wake of a major disaster. Metropolitan Police, London Ambulance and NHS England London are among the agencies taking part in the exercise, which is being coordinated by the London [...]
London house prices: Sub-£1m homes in central London “becoming extinct like the Dodo”, according to Wetherell and Dataloft report February 29, 2016 Remember the Dodo? That's the way affordable homes in central London are heading, a new report has claimed. Within the next 12 to 24 months, apartments costing less than £1m and houses valued at less than £2m "will become extinct across Mayfair and the West End", according to the latest research by Wetherell, with data analysis [...]
