FCA commits to having 50/50 gender split in its senior leadership team by 2025 October 11, 2016 The Financial Conduct Authority (FCA) has unveiled a new set of diversity targets as part of an effort to show its commitment to inclusion. The City watchdog published targets for the Women in Finance Charter, which it signed in June 2016 and announced its Black, Asian, minority ethnic (BAME) targets for 2020 and 2025. Read [...]
Mayor of London Sadiq Khan gears up for charge on London’s most polluting vehicles October 10, 2016 Sadiq Khan has started the formal consultation before an emissions surcharge – “T-charge” – for older polluting vehicles is introduced in October 2017. Cars, vans, minibuses and heavy vehicles that don’t meet the Euro 4/IV emission standard will pay £10 to enter the congestion charge zone. It will predominantly be for those registered in 2005 or [...]
Bike-sharing app Cycle.land is coming to the capital October 10, 2016 Londoners will soon have a wealth of options should they want to get on their bikes. It was recently announced the popular Boris bikes were getting a revamp and now a new bike-sharing company is hoping to win over the capital. Read more: TfL signs £79m deal with Serco to upgrade London's Boris bikes Cycle.land launched in Oxford in [...]
Gatwick has another dig at the Airports Commission as it announces a record September October 10, 2016 Gatwick’s not going down without a fight. In the battle over airport expansion, Heathrow may have just won the support of the Scottish government for its third runway proposal, but Gatwick has just announced a record month. In September 4.3 million passengers travelled through the airport (up 6.9 per cent on the same month last [...]
The victims investment fraudsters are targeting are richer and savvier than you think October 10, 2016 Are you a 65-year-old man with £30,000 plus in savings? Happen to live in a metropolitan area? You're a prime target for investment fraudsters – or so says some rather in-depth profiling carried out by the City of London police. According to stats from Action Fraud and the City of London police 77 per cent of people [...]
Southern Railway strikes to go ahead despite last-ditch legal action October 10, 2016 A three-day strike starting on Tuesday is going ahead, despite Southern Railway's late legal challenge. The company said it had ruled out further talks with the RMT union. RMT general secretary Mick Cash confirmed the receipt of a legal challenge from the train operator over the guards safety row. "It is appalling that rather than [...]
Scottish government wants Heathrow’s third runway given the green light October 10, 2016 It's not quite lift off for any of the airport expansion proposals just yet (and may not be for a while) but Heathrow's third runway proposal was given a boost after the Scottish government gave its backing to the airport's plan. The merits of the various options have been debated for a while, but ministers emphasised the draws of significant [...]
Consumer spending bounces back in September October 10, 2016 The last of the summer sun brightened consumers’ spending habits for September, rising 2.4 per cent on an annual basis. That was the highest level seen in the past five months, according to Visa’s latest Consumer Spending Index update. August had been fairly flat, up 0.1 per cent, which was the weakest seen in nearly three [...]
Oil price crash and Brexit woes fuel number of firms de-listing from AIM October 10, 2016 The number of firms de-listing from the Alternative Investment Market (AIM) has jumped by a fifth in the last year as financial stress took hold. Accountancy firm UHY Hacker Young found that 107 companies de-listed in the last year, up from 89 on the 12 months before. While insolvency and financial stress proved the most frequent [...]