Joggers beware: City of London Corporation warns runners to avoid summer smog hotspots June 5, 2015 The City of London Corporation has warned joggers to avoid key “summer smog” hotspots around the capital. The corporation has advised against running on streets including Upper and Lower Thames Street, the junction around Bank, Bishopsgate into Gracehurch Street and Farringdon Street into New Bridge Street during periods with high pollution, adding that those episodes [...]
London to trial “world-first” traffic technology for cyclists June 5, 2015 Transport for London is undertaking “world-first trials” of new technology that will give cyclists more time on green lights at major junctions. The Department for Transport has given blanket approval for the scheme, which will enable traffic signal timings to be adjusted when there are high numbers of cyclists at key junctions during rush [...]
Morrisons is the only big four grocer “currently on right track”, says Nielsen June 5, 2015 Morrisons waits for good news for months and then three come along at once. The supermarket – which has, until now, been one of the more unloved – has already had one set of figures prove it's the only one of the big four in growth, which in turn prompted a share price rally, [...]
Student Adam Armstrong changed his name rather than pay £220 Ryanair fees after booking error June 5, 2015 Something must be rotten in the state of Ryanair when it turns out to be cheaper to change your name and buy a new passport than get the airline to correct a mistake on a ticket. But that is precisely what happened to Adam West – nee Armstrong. He was facing a charge of [...]
Bad news, commuters: RMT is balloting London Underground members over a new strike June 4, 2015 Bad news fellow commuters. Tube workers are voting on strike action over a pay deal that union RMT has branded “an insult to the hardworking men and women who deliver a world class service”. All grades are being called to vote on both strike action and action short of a strike, both over [...]
Swiss prosecutor drops HSBC money laundering probe without criminal charge June 4, 2015 HSBC can start to breathe easily – at least when it comes to the money laundering claims. Swiss prosecutors have dropped their investigation into its private bank after reaching a financial settlement that carries no admission of guilt. HSBC has agreed to pay SF40m (£27.8m) to the Genevan authorities investigating alleged money laundering [...]
Morrisons AGM: The best quotes so far June 4, 2015 It might not be quite as explosive at last year's event but the annual general meeting of troubled supermarket Morissons is shaping up to be another lively affair. The best lines so far A shareholder on new chief executive David Potts: “It's nice to hear the new chief executive talking English. The predecessor [Dalton Philips] [...]
Lloyds Banking Group faces record £100m PPI fine this week June 4, 2015 UPDATE: Lloyds Banking Group fined £117m for PPI failings Lloyds Banking Group could be slammed with a record fine from the FCA for its handling of PPI complaints. The bank – which is currently still part-owned by the taxpayer – could receive a penalty of “well over £100m” from City watchdog the FCA . [...]
Marks & Spencer chief executive Marc Bolland pockets £600,000 bonus after retailer’s first profit rise in four years June 4, 2015 It's not just shareholders who will be pleased that Marks & Spencer finally returned to growth last year. Marc Bolland has pocketed a bonus worth nearly £600,000 for the high street retailer's green shoots, which reported its first rise in profits in four years last month. Bolland received a bonus worth £596,000 on [...]
Mike Ashley’s Sports Direct hires Matt Pearson as new finance boss after 18 months… but he’s only “acting” June 4, 2015 It's taken 18 months and some serious shareholder pressure, but Sports Direct has finally appointed a new finance boss… although only on an interim basis. The Mike Ashley-owned retailer has today promoted Matt Pearson to the role of acting chief financial officer with immediate effect. He also joins the board. Pearson was group [...]
