Glencore non-executive director William Macaulay has bought 1.7m company shares October 2, 2015 First Reserve chairman and chief executive William Macaulay has bought more than £1.5m-worth of Glencore shares. Macaulay, who has been an independent non-executive director at the troubled miner and trader since 2011, has picked up 1.7m shares, at a price of 90.9p. It comes just two days after Glencore's chairman Tony Hayward [...]
Crossrail 2: It’s not just your commute that will improve with the Hertfordshire to Surrey transport link October 1, 2015 As anyone who travels through Clapham Junction or Waterloo today will already know, much of the rail network is already operating at the limits of its capacity. Huge improvements are planned and being made – the modernisation of the Tube and the building of Crossrail for example. But they will only ease the crowding [...]
Productivity gap closing? UK’s output reaches record high – but it’s still considerably down on where we should be October 1, 2015 Is the productivity gap closing? Figures out this morning show that labour productivity in the UK – as measured by output per hour – grew 0.9 per cent between the first and second quarter this year. That has taken it to the highest level ever recorded by the Office for National Statistics – [...]
Katherine Garrett-Cox leaves Alliance Trust board amid historical shake up at troubled investment trust October 1, 2015 Alliance Trust has overhauled its structure and sharpened its mandate, while chief executive Katherine Garrett-Cox will step down from the board, as the 127-year-old fund continues its efforts to appease shareholders. The investment trust, which has recently conceded a lengthy battle with activist investor Elliot Advisors, will introduce a "fully independent" board of directors, meaning [...]
EU referendum: Business must reject the pessimism of the anti-Europeans and build the Europe we all want to see October 1, 2015 Eight years on from the financial crisis, the British and European economies are still not recovering as they should. Investment is down from the pre-crisis peak, and in the UK productivity has flatlined. Before the crash, lending to business flowed easily – since, it has dried up, particularly for small businesses. In Britain, businesses [...]
The Conservatives are launching their own trade union movement to win over “moderate” unionists October 1, 2015 The Conservatives are launching their own trade union movement, which will target workers unhappy with more “militant” leaders. It might sound like an oxymoron, but Harlow MP and the party's deputy chairman Rob Halfon said the Conservative Workers and Trade Union movement was designed for right-wing trade unionists. “There will be a voice [...]
EU referendum: Lord Lawson to head up Brexit group Conservatives for Britain, warning negotiations will yield “wafer thin” reforms October 1, 2015 The former chancellor Nigel Lawson is to head up Conservatives for Britain, the campaign group that will advocate Britain leaving the European Union, in the run up to the forthcoming referendum. Lord Lawson, who is famously Eurosceptic, said while he "applauds" David Cameron's attempts to negotiate reforms with the EU, he expected the government would [...]
Victoria Station reopened after fire alert, which affected Circle, District and Victoria Tube lines October 1, 2015 Victoria Station has been reopened after a fire alert at the start of rush hour this morning. The station was evacuated after a fire alarm went off at around 7:15am and the Circle, District and Victoria Lines did not stop at the station for well over half an hour. People were also unable [...]
London Fire Brigade warns of “long delays” on A12 by Poplar after lorry collides with car September 30, 2015 London Fire Brigade has warned of "long delays" on the A12 by Poplar after a collision this afternoon. The brigade was called to the scene to rescue a motorist after a lorry struck a car on the East India Dock Road. Firefighters rescuing trapped motorist after lorry hits car on East India Dock Road [...]
London Black Cab protest to target Fleet Street and Aldwych today as Uber crackdown revealed September 30, 2015 Drivers, beware: Cabbies are planning a second street protest in a week today, targeting roads around Aldwych and Fleet Street. Roads in the area will be closed and motorists and cyclists are advised to avoid the area and make alternative arrangements. City of London and the Metropolitan Police said they had "an appropriate and proportionate [...]
