Sadiq Khan hits out at Boris Johnson for “mess” left at Old Oak Common November 1, 2016 Sadiq Khan has given his full backing to the huge regeneration at Old Oak Common, but lashed out at his predecessor Boris Johnson for leaving the plans in "a mess". Laying out the findings of his review of the Old Oak and Park Royal Development Corporation (OPDC), the London Mayor criticised Boris Johnson for rushing the [...]
Thames Tideway Tunnel moves £7m Blackfriars Millennium Pier to make way for the “super sewer” November 1, 2016 If you frequent Blackfriars you may have noticed its pier moved yesterday. Well it's all part of the work that's underway for the mammoth Thames Tideway Tunnel; Blackfriars Millennium pier needed to get shifted to prepare for construction of the long-awaited "super-sewer". The 25km tunnel will tackle the pollution of the tens of millions of [...]
Sadiq Khan says Night Tube services will start on the Piccadilly line from 16 December November 1, 2016 The Mayor of London, Sadiq Khan, has announced that Night Tube services will start on the Piccadilly line on Friday 16 December – sticking to his pledge to have five lines running by the end of the year. It follows the launch of the service on the Central, Victoria and Jubilee lines, with the Northern [...]
EU business leaders say bah to Brexit: They’re the most confident in the world November 1, 2016 Theresa May is triggering Article 50 by the end of March next year, but for now, EU business leaders are feeling confident. They don't think the impact of Brexit is likely to be felt for some time. Leadership organisation YPO has said that economic confidence among chief executives in the European Union bounced back in [...]
Shell swings to profit but remains cautious with an eye on low oil prices November 1, 2016 It's not a bad day for Royal Dutch Shell. It reported an 18 per cent rise in underlying net profit for the third quarter and beat analysts' forecasts in the process. Chief executive Ben van Beurden doesn't want anybody getting too ahead of themselves though – he says "the outlook remains uncertain" as lower oil [...]
BP beats forecasts but profit still drops nearly 50 per cent November 1, 2016 Falling crude prices have bitten BP hard. The oil giant has reported a 49 per cent drop in third quarter earnings – its ninth consecutive quarter of falls. The figures The oil giant reported third quarter profit of $933m (£762m) on an underlying replacement cost basis, up from $720m for the previous quarter, but down from [...]
Republican governor John Kasich has voted for John McCain rather than Donald Trump November 1, 2016 It's all going on in the US presidential election, after John Kasich, the Republican governor of Ohio, stuck to his guns and plumped for the party's 2008 nominee John McCain instead of current nominee Donald Trump. After abandoning his own bid in May, Kasich vowed not to endorse Trump, or indeed vote for him. He voted [...]
HMRC is after nearly £2bn in tax from the UK’s richest November 1, 2016 The UK's richest: beware. HMRC is on your tail (well it is if you still have tax to pay). The public spending watchdog said it's chasing almost £2bn that's potentially owed in taxes by the UK's richest people. The National Audit Office (NAO) said HMRC's specialist unit recovered £416m in 2015 from 6,500 "high net worth [...]
Damian Green tells businesses to “assume nothing” over Nissan October 31, 2016 There's been increasing clamour for the government to show its hand on just what assurances were made to keep Nissan manufacturing in Sunderland. But when asked on whether the UK would remain in the customs union, Damian Green said on BBC Radio 4 that businesses should "assume nothing at the moment, because, I think a lot [...]
Heathrow’s already started spending on its third runway October 31, 2016 The government's backing of Heathrow airport expansion has triggered £50m of supply chain investment. Suffice to say the airport was ready and raring to go ahead of the government's decision to green light its expansion last week. Heathrow said the government's backing meant that £50m will be invested before the end of next year, creating 2,700 new British [...]
