Heatwave: So, just how hot is it on the Central Line today? July 19, 2022 It’s hot. Really very hot. But how hot it is it on the Central Line? The east-west line is renowned as the capital’s warmest tube line, with a combination of stuffy carriages and lost teenage tourists contributing an overwhelming sense of dread whenever one is forced to use it in the summer. With a heatwave [...]
Ministers urged to overhaul regulatory red tape to boost London’s markets July 19, 2022 Ministers are being urged to push through a number of reforms to the UK’s capital markets to allow listed firms to raise fast and cheap cash in London, after a major review of the secondary market regime was published today.
Londoners heed call not to travel in extreme heat with near 50 per cent drop in Tube use from pre-Covid July 19, 2022 Londoners are heeding the government’s advice and staying at home due to the extreme heat, with entries and exits on the train network down almost 50 per cent. During the morning rush-hour on Tuesday, there were 1.03 commuters using the Underground, marking a 47 per cent drop on pre-pandemic levels. This was also 30 per [...]
Heatwave: Firefighters tackling two blazes in south London July 19, 2022 Parts of south London were engulfed with flames on the hottest day ever recorded, with firefighters tackling two blazes simultaneously. Emergency services attended to two grass fires in Croydon as the heatwave continues. Four fire engines and 25 staff responded to the emergency in the woodlands on Oaks Road in Croydon just after midday. Another [...]
Johnson & Johnson cuts sales and profit forecasts in global economic downturn July 19, 2022 US pharmaceutical giant Johnson & Johnson has cut its sales and adjusted profit forecasts, as a post-lockdown slowdown and a global economic downturn collide. Sales are anticipated to be around $1bn less than bosses thought in April, in the range of $93.3bn and $94.3bn. In its latest quarter, Johnson & Johnson, which owns skincare brand [...]
Heatwave: 40c recorded for first time ever in UK at Heathrow July 19, 2022 History has been made with the 40 degree barrier mark being broken for the first time ever, recorded at London’s Heathrow airport. The news comes after the Met Office issued an extreme level four red weather warning for Monday and Tuesday, with it expected to exceed 40 degrees. Earlier in the day, Heathrow said there [...]
The City watchdog I chair is becoming more innovative – and assertive July 19, 2022 Richard Lloyd OBE is the interim chair of the Financial Conduct Authority Our annual report shows the Financial Conduct Authority continues to change. Becoming more innovative, assertive and adaptive. We are being tougher on firms that want to operate in the UK to make our markets safer. Last year one in five applicants didn’t [...]
Liontrust hit by £500m outflows as investor jitters spread July 19, 2022 London-listed asset manager Liontrust revealed it had been hit by £500m of outflows in the three months to June today as investors continue to pull back from markets amid extreme volatility.
TikTok lays off staff while Apple and Goldman Sachs plan hiring slowdown as economic outlook dims July 19, 2022 TikTok has cut staff while Apple and Goldman Sachs will slow hiring as economic downturn concerns dampen confidence. TikTok laid off US staff and told European employees their jobs were at risk as part of a global restructuring move, the Wired reported. Some UK employees were informed that job losses will occur in several departments [...]
Clifford Chance partners see pay packets surge to record highs of more than £2m July 19, 2022 Partners at Clifford Chance are set to see their pay packets surge to £2m for the first time in the law firm’s history after the Magic Circle law firm revenues surged by 8 per cent to highs of £1.97bn. Clifford Chance’s equity partners will take home a record £2.04m this year after the law firm’s [...]
