Entire Tube line could close as TfL financial crisis deepens November 25, 2021 Transport for London (TfL) is currently considering closing down an entire Tube line as a result of its difficult financial situation. TfL’s chief financial officer Simon Kilonback told the operator’s finance committee that TfL could see the “full closure of a line or part of a line or smaller reductions across the whole network.” “We [...]
UCL edges out Harvard in global law school rankings November 25, 2021 University College London (UCL) has trumped Harvard in this year’s rankings of the top law schools in the world. UCL came sixth in the 2022 Times Higher Education (THE) World University Rankings for law schools, just ahead of Harvard, the prestigious US university. It marks the second consecutive time the UCL law school, whose alumni [...]
FCA tells pension providers to green up investments November 25, 2021 Personal pension providers will need to offer savers a default investment option to help people not taking financial advice build up enough funds to afford retirement under new rules launched by the City watchdog today. A new personal pension regime, set out by the Financial Conduct Authority (FCA), recommends default personal pension options will need [...]
Remy Cointreau shares leap after full-year profit forecast raised thanks to booming China sales November 25, 2021 Shares in Cointreau-maker Remy Cointreau swelled on Thursday after the firm hiked its full-year profit forecast. It reported first-half results that were above expectations, following strong demand for its premium cognac in China, the United States and Europe. Shares were up 12 per cent and hit a record high of 209.8 euros on Thursday. Group [...]
UK Covid-19 travel restrictions rein in post-Brexit migration levels November 25, 2021 Migration “fell considerably” last year following Brexit, according to the latest figures, as emergency pandemic measures tightened borders and grounded flights. Around 94,000 more European Union (EU) nationals left the UK than arrived last year, the Office for National Statistics (ONS) found. While thousands left the UK behind for the bloc, centre for international migration [...]
Impartiality continues to be a ‘complex challenge’ for the BBC says Ofcom November 25, 2021 Achieving due impartiality continues to be a “complex challenge” for the BBC, according to an Ofcom report.
London hotels hope for a cracker Christmas as Covid recovery lags behind rest of country November 25, 2021 London hotels are still lagging behind in their Covid recovery compared to rivals elsewhere – but have reported strong festive bookings. The capital’s occupancy rates were 26 per cent behind pre-pandemic levels last month, as the sector continues to suffer from the slow return of international tourists and business travellers. Hotels are also facing a [...]
New ‘really awful’ variant of Covid identified in Botswana November 25, 2021 A new variant of the Coronvairus has reportedly been identified in Botswana sporting an array of mutations which could be vaccine resistant.
LV= members face £43m bill in controversial Bain deal November 25, 2021 Members of mutual insurer Liverpool Victoria (LV=) will be slapped with a £43m bill to cover the costs of the controversial £530m takeover bid by a US private equity firm, according to reports. Despite calls last week from Business secretary Kwasi Kwarteng for transparency from the insurer about how much bankers, lawyers and lobbyists stand [...]
Beijing urges media not to overhype JPMorgan chief’s Chinese Communist Party quip November 25, 2021 Beijing authorities have asked global media not to overhype JPMogran chief Jamie Dimon’s quip about the Wall Street giant outliving the Chinese Communist Party. China’s foreign ministry spokesman Zhao Lijian said yesterday he had “noted the reports” quoting Dimon’s jibes at the organisation which has ruled the state for decades. Lijian said he had also [...]
