TfL unveils design of new Piccadilly Line Tube trains March 4, 2021 Transport for London and German engineering firm Siemens have today unveiled the design for the new Piccadilly Line underground trains. The trains, which will begin operating on the line in 2025, have 10 per cent more capacity than the old models and use 20 per cent less energy. They are the first air-conditioned models to [...]
Watchdog bans City of London trader for ‘wash trading’ March 4, 2021 The city watchdog has banned ex-City of London trader Adrian Geoffrey Horn after he engaged in ‘wash trading’, a form of market abuse. Horn, who worked as a market making trader at Cheapside-based Stifel Nicolaus Europe, was fined £52,000 by the Financial Conduct Authority (FCA) and banned for carrying out any regulated work in the [...]
Co-op Group under pressure to repay £80m of government funding March 4, 2021 The Co-op board will reportedly meet next week to discuss handing back millions in government cash it was handed during the pandemic. The move would follow in the footsteps of leading supermarkets who returned business rates relief at the end of last year and have pledged to forgo the break announced in the Budget. The [...]
Sadiq Khan rules out driverless trains as a part of next TfL bailout March 4, 2021 Sadiq Khan has said today that the government will not try to force Transport for London (TfL) to implement driverless trains as a part of current bailout negotiations. Khan told a group of reporters at his re-election campaign launch that the government had dropped any request to bring in driverless trains, after initially asking for [...]
Amazon opens first contactless grocery store in London March 4, 2021 Amazon has opened a contactless bricks and mortar grocery store in London – the first physical shop the tech giant has launched outside of the US. The Amazon Fresh store in Ealing will carry a private UK food brand dubbed “by Amazon”, and will let consumers skip the checkout queue. Shoppers will scan a smartphone [...]
US suspends tariffs on Scotch whisky and Stilton cheese March 4, 2021 The US has today announced it will suspend a series of tariffs on a range of British goods, including Scotch whisky and Stilton cheese, for four months in a de-escalation of a long-running trade conflict. The UK and US will try to broker a longer term agreement over the next four months to put to [...]
BA to offer £33 Covid tests to passengers ahead of summer travel March 4, 2021 British Airways has formed a partnership with a Covid-19 testing supplier to provide tests to passengers ahead of their flight, the airline said today. In preparation for the expected summer travel boom, passengers can buy a testing kit for £33, which they can use abroad with the help of an advisor on video call. The [...]
Ripple bosses prepare for battle with SEC March 4, 2021 Ripple chiefs Brad Garlinghouse and Chris Larsen are gearing up to battle the US Securities and Exchange Commission with a legal fight that may shape the way cryptocurrencies are regulated in future.
2026 average earnings forecast to be no higher than 2008 level March 4, 2021 Average earnings in 2026 are estimated to be no higher than their 2008 level according to forecasts by the Institute of Fiscal Studies. The findings came as part of the think tank’s response to Rishi Sunak’s budget delivered on Wednesday. As part of his plans, the Chancellor froze the personal allowance on income tax implying [...]
One in five employees still on the furlough scheme March 4, 2021 One in five workers, or around 19 per cent of the UK’s workforce, are still making use of the furlough scheme, according to the latest figures from the ONS. Approximately six million people are still on furlough, the Office for National Statistics (ONS) said, ahead of a gradual reopening of the economy that will, over [...]
