Quick! Free black cab journeys from Victoria Station, Charing Cross Station and Waterloo Station today – but only for one hour October 14, 2015 Black cabbies are on a PR drive, with free black cab rides from Victoria Station, Charing Cross Station and Waterloo Station. There's only one catch: it's between 11am and midday today. Meanwhile, taxi app Gett will offer free journeys in Zone One. The free rides – which were announced at 11am – are part of the #StayFareMayor campaign, which [...]
The average UK house price is now growing at twice the rate of London property October 14, 2015 What a difference a few months can make. Having once been seen as pulling up average UK house price growth, it seems London is now having the opposite effect, dragging the national average down, according to new figures. The National Housing Market Monitor, by estate agent Haart, found UK house prices grew 10 per cent to [...]
London’s just been named the world’s most powerful city for the fourth time in a row thanks to its strong economy October 14, 2015 Rejoice, fellow Londoners, for our fair city has been ranked number one in an index of the world's most powerful cities for the fourth time in a row, largely thanks to its strong economy. Negative inflation? What negative inflation? The Global Power City Index, by the Mori Memorial Foundation's Institute for Urban Strategies, ranks cities by [...]
£1bn IPO is finally on for retirement housebuilder McCarthy & Stone October 14, 2015 After years of rumours, retirement housebuilder McCarthy & Stone finally announced its intention to float on the London Stock Exchange today, an IPO which City A.M. understands could give the company a valuation of £1bn. McCarthy & Stone, which said it has a 70 per cent share of the UK's owner-occupied retirement property market, hopes to [...]
SABMiller and AB InBev merger: Don’t be surprised if your favourite “craft beer” brand is now owned by the world’s largest brewer October 13, 2015 You know that delicious craft ale you enjoy? There's a chance it's now owned by the world's largest brewer, after SABMiller and AB InBev agreed the terms on a deal to create an $11bn megabrewer, with SABMiller submitting to an offer of £44 per share. Between them, the two companies 224 beer brands, including some of [...]
Barclays on Jes Staley appointment: “We haven’t hired a new chief executive yet” October 13, 2015 Almost 24 hours after it was first hinted at, Barclays has finally issued a statement – insisting it hasn't hired Jes Staley as its new chief executive. In a stock market notification today, it said the process of hiring a new boss "has not yet concluded", adding that the company "will provide a further update [...]
How to get into Oxford University: Sample interview questions released to help people trying to get onto PPE, economics, biomedical sciences, experimental psychology and engineering courses October 13, 2015 As thousands of A-Level students clamour to put together personal statements and find grades, one select bunch is beginning to sweat, with deadline day for Oxbridge candidates just two days away. But do you have what it takes to get into Oxford? This year, the university has decided to give prospective students a bit of a [...]
Royal Mail share sale: The government has missed an opportunity by excluding retail investors from this privatisation October 13, 2015 News the government has sold its remaining 14 per cent stake in Royal Mail to institutional and professional investors goes against the clear popularity and demand for retail offerings in privatisations. Registrations of interest for next year’s Lloyds Banking Group share offer are already in the hundreds of thousands. It would seem wild horses couldn’t drag [...]
Thought London rental prices were bad? A New Yorker advertised a bar toilet stall to rent and got loads of responses October 13, 2015 Like London, we know that only the very flush can afford rental prices in Manhattan – but this is ridiculous. A New Yorker became so depressed at the property market in her city, she decided to advertise a toilet stall at the bar she worked in on a property site as a joke – but got more responses than [...]
Bring me sunshine: Retailers believe weather is the main driver of consumer demand, says Met Office October 12, 2015 There is nothing that retailers like – or hate – more than to blame the weather for wreaking havoc on sales. Sausage roll-maker Greggs’ sales go soggy if conditions are too wet or too hot. Last autumn’s Indian Summer made it hard for retailers to shift jumpers and coats off the shelves. And the washout [...]
