The three critical decisions facing Londoners in 2016 January 4, 2016 With Christmas now behind us, City workers are returning to their desks for what will be a challenging and exciting year. January is only just beginning, but one thing is already clear: this is a year in which we will all need to hit the ground running. This year we will have to make several [...]
Warm weather to cool Christmas sales at Marks & Spencer January 4, 2016 The mildest December on record combined with intense competition on the high street is expected to spell a gloomy end of the year for retailers, with Next and Marks & Spencer the first to unveil this week how they fared over the crucial Christmas period. The wet and mild weather, security fears in the aftermath of the [...]
City A.M.’s journalists take a look at what 2016 has in store for the world of finance and business January 4, 2016 BANKING Strengthening outlook despite more regulatory bumps ahead Bank of England governor Mark Carney may have declared the banking crisis officially over at the end of last year, but 2016 looks to be far from a challenge-free year for Britain’s biggest banks. To be sure, all seven of the UK’s leading lenders passed the Bank’s [...]
Sainsbury’s, Tesco, Asda and Morrisons diesel prices lowered to 99.7p falling under £1 for first time since 2009 amid falling oil prices January 3, 2016 The price of diesel will fall below £1 for the first time since 2009 at all Big Four supermarkets as Tesco and Asda were first to announce the cost of filling up will cost less, bringing a new year gift to motorists across the country. Supermarkets will drop the price per litre to 99.7 pence from Monday, with both [...]
Back to work? Shock survey finds most of us are dreading returning to the office after Christmas and New Year January 3, 2016 Looking forward to going back to work after the Christmas break? Of course you are. But shockingly, the majority of people are less than enthusiastic about this prospect, with a full three in four workers admitting to feeling stressed about returning to their desk on Monday morning. (We can’t quite believe it either.) As the [...]
Night Tube 2016? Transport for London confident an agreement will be reached with driver unions January 3, 2016 A Transport for London boss has expressed confidence that an ongoing disagreement with drivers could finally be resolved, leading to the long-delayed Night Tube finally launching in London in 2016. Some headway is expected to be made, according to director of customer experience Shashi Verma, speaking to ITV News. Talks between TfL and driver unions have so far failed. The [...]
£40m promised for flood defences by David Cameron after storm Eva and Frank January 3, 2016 A package of £40m has been promised by the government to fix Britain's flood defences in areas devastated by storm Eva over Christmas. “I have seen at first-hand the devastation caused by flooding. And that’s why this work to repair and improve flood defences is so vital," said Prime Minister David Cameron. “We are already spending [...]
Flood defences will put people first, says the Environment Agency chief executive Sir James Bevan January 2, 2016 After hundreds of people were forced to leave their homes in Yorkshire and Lancashire, the Environment Agency's chief executive has said "people will always come first" in the fight to defend the UK against flooding. Speaking to BBC Radio 4's Today programme, Sir James Bevan said: "If we have to choose between people and wildlife, we [...]
Government unveils more funding for businesses hit by Storm Eva and Storm Desmond January 1, 2016 The government today made more funding available for businesses hurt by storms which wrought havoc in parts of the UK over the festive period. The Department for Business, Innovation and Skills (BIS) announced a £6m package to help he estimated 2,500 firms on either side of the Pennines left flooded by the Boxing Day deluge in the wake [...]
UK weather: Storm Frank, Storm Eva and Storm Desmond bring record rain to UK in December December 31, 2015 Storms including Frank, Eva and Desmond have contributed to make one of the wettest Decembers on record, while temperatures have risen to smash previous highs for the time of year. Early provisional statistics from the Met Office suggest the UK mean temperature between 1 and 29 December was a record-breaking 8 °C which is 4.1 °C above the long-term average, beating [...]