Climate change protesters threaten to disrupt London Tube to cause chaos for commuters April 17, 2019 Climate change activists vowed to target London’s Tube services today as part of a protest that has led to 300 arrests across the capital. Read more: Climate protesters attack Shell HQ as London blockades continue Extinction Rebellion protesters plan to disrupt the London Underground and London bus services today after bringing traffic to a standstill [...]
JD Sports shares rise as retailer bucks high street woes to boost profit and revenue April 16, 2019 JD Sports’ shares jumped today as it bucked the trend of struggling high street retailers to boost profit and revenue. Executive chairman Peter Cowgill credited the shoe and fashion store’s focus on remaining relevant to its millenial and Generation Y consumers for its success, saying the firm is “obsessed” with its customers. Shares rose 7.6 [...]
US pressure to ban Huawei from 5G infrastructure ‘belittles’ national security April 16, 2019 The US government’s campaign to ban Huawei from 5G networks “belittles national security”, the firm’s cyber security boss has said. Huawei senior vice president John Suffolk accused the US of using national security as an excuse to stifle competition from China. Suffolk brushed off allegations that Huawei’s equipment could be used for spying, insisting the [...]
Jet Airways shares dive as management considers operations shutdown April 16, 2019 Jet Airways’ shares crashed this morning amid reports that its board has proposed a total operational shutdown. Read more: Jet Airways fails to secure interim funding from lenders The embattled airline’s share price dropped 12 per cent to 230.45 rupees after The Economic Times reported that its management has mooted ceasing operations entirely, recovering from [...]
Tube delays: Commuters face miserable journey as faulty King’s Cross train disrupts Victoria Line April 16, 2019 The Victoria Line has been hit with severe delays this morning, causing disruption to a key Tube route for Londoners. Read more: Power supply issue causes severe Tube delays A faulty train at King’s Cross was behind the issue, Transport for London (TfL) said. Engineers are trying to fix the train but TfL advised commuters [...]
Japanese telecoms giant NTT Group set to pick London to host international headquarters April 16, 2019 Japanese telecoms giant NTT Group is set to make London home to its international headquarters, it is reported. Read more: IWG shares surge after £320m Japanese franchise deal Foreign secretary Jeremy Hunt held discussions with NTT over the project yesterday while in Tokyo, according to the Financial Times. While no official confirmation has been made, [...]
Bonus round: Take our salary survey to find out how your pay compares to your peers April 15, 2019 How much was your bonus? We want to know. At City A.M., we’re working with salary benchmarking site Emolument.com to track the state of pay across the Square Mile. We’ll compare asset managers to dealmakers and analysts to associates in a bid to paint a picture of the different levels of remuneration among sectors and [...]
Law firm Baker McKenzie confirms death of global chair Paul Rawlinson April 15, 2019 The global chair of Baker McKenzie has passed away, the law firm has confirmed. Read more: Over here: City's legal elite under pressure from expansion of US entrants Paul Rawlinson died unexpectedly on Friday, Baker McKenzie said. He had stepped back from his role temporarily last October due to exhaustion. “It is with great sadness that [...]
IWG shares soar as it seals £320m TKP Japan office space franchise deal April 15, 2019 IWG has completed its first franchise sale to send shares soaring today, as it netted £320m from the sale of its Japanese division. Read more: IWG boss mulling £2.2bn break-up of serviced office space business The firm’s share price soared 23 per cent to hit 339.30p after reaching the strategic franchise arrangement with TKP Corporation. [...]
Power supply issue hits London Tube commuters with severe delays April 15, 2019 A power supply problem has hit commuters along the entire length of the Jubilee Line this morning. Read more: Tube travel chaos on horizon as unions threaten strike action Severe delays have disrupted the Tube line as a result of the issue, leaving commuters to face a horrible journey to work today. Transport for London [...]
