The Elizabeth Line anniversary is a reminder of what London and other cities can achieve with the right kind of investment May 24, 2023 The Elizabeth Line, a clamorous success, was enabled by investment from the national government, but mainly from London's government and businesses. It's a model we should replicate, writes John Dickie
Excel boss says Elizabeth Line has been ‘transformational’ for City’s events industry May 24, 2023 The chief executive of London’s largest events venue, the Excel, has hailed the Elizabeth Line today as “transformational for the city’s events industry” as the high-speed route marks its first anniversary. Jeremy Rees, the boss of the Royal Docks site, said the rail route has led to a boom in visitor numbers, with the Excel [...]
Plans to boost scrutiny of regulators don’t go far enough, experts argue May 24, 2023 New plans to boost oversight of financial regulators have been criticised by experts, as the government responds to concerns that watchdogs face too little scrutiny. Earlier this week, the it was reported that the Treasury is planning to beef up the Financial Regulators Complaints Commissioner (FRCC) in order to more robustly hold regulators to account. [...]
House prices slow as market braces for a solid but ‘not spectacular’ year May 24, 2023 House prices in the UK rose 4.1 per cent in the 12 months to March, adding £11,000 to the average value of a property. However, the figures are down from February’s 5.8 per cent hike and £8,000 below the recent housing peak in November 2022, data from the Office for National Statistics (ONS) reports. Across [...]
SSE profit soars 89 per cent as it ramps up spending on green projects May 24, 2023 FTSE 100 energy giant SSE reported an 89 per cent jump in its adjusted pre-tax profit today after benefitting from higher energy prices. The firm’s annual profit rose from £1.16bn in 2022 to £2.18bn for the year ending in March. It also said it would accelerate its five-year net zero plan to 2027, increasing its [...]
Londonmetric swoops on smaller rival in £200m takeover May 24, 2023 Shares in listed property vehicle CT Property Trust have rocketed today after the firm announced it had struck a £200m deal to sell itself to bigger rival Londonmetric.
EU remains firm on post-Brexit clearing plans despite pressure on both sides of the Channel May 24, 2023 The EU is set to reject calls to rethink its approach to the clearing business despite mounting pressure on both sides of the Channel. The EU’s financial services commissioner Mairead McGuinness said the plans were vital to the EU’s “financial resilience”. “I want to underline that this matter is actually not so much about Brexit. [...]
PMQs sketch: Keir Starmer, future fruit picker for Britain May 24, 2023 Keir Starmer's heart wasn't really in it as he faced Rishi Sunak and cracked his many pre-rehearsed jokes at Suella Braverman's expense.
Libor-rigging: Senior MPs demand inquiry into claims parliament was ‘misled’ May 24, 2023 MPs are demanding an inquiry into claims that central banks and authorities misled parliament during their investigations into the rigging of the London Interbank Offered Rate, known as Libor. The new claims come from a new book on the Libor scandal by BBC economics correspondent Andy Verity called ‘Rigged’, which The Times is publishing extracts [...]
Netflix, no chill as streaming giant starts password sharing crackdown: ‘An account is for use by one household ONLY’ May 24, 2023 Netflix has begun its crackdown on UK and US subscribers who are sharing their password with people who live outside of their household, in a bid to stop account sharing. The streaming giant said a Netflix account was “for use by one household” and those wanting to share accounts “with someone who doesn’t live with [...]
