BAE Systems wins £285m Royal Navy deal as shares continue recovery January 28, 2025 Defence giant BAE Systems has won a Royal Navy contract worth almost £300m which will support more than 200 UK jobs. The London-listed group has been hired to maintain and modernise combat management systems (CMS) on Royal Navy vessels. They include Type 23 frigates, Type 45 destroyers, Queen Elizabeth Class aircraft carriers and Type 26 [...]
Owners of London Stadium forced to pay West Ham United £3.6m January 27, 2025 The owners of West Ham United’s London Stadium have been forced to cough up £3.6m after losing a court case against the Premier League club. E20 Stadium, set up by publicly-owned London Legacy Development Corporation (LLDC), must pay back the multi-million pound sum to the club after West Ham challenged a payment they made to [...]
London City Airport targets leisure travel with bid for A320neo January 27, 2025 London City Airport has submitted an application to Britain’s aviation regulator to enable flights using Airbus’s A320neo aircraft, it revealed on Monday. The Newham-based hub said it sees the introduction of the A320neo as “key to building its leisure offering,” given the aircraft can carry over 180 passengers and travel over 1,000km. London City has [...]
CMA to “brainstorm” growth ideas with business groups as pressure mounts January 27, 2025 The competition watchdog is set to be grilled by some of the UK’s biggest business bodies tomorrow as it looks to shore up confidence following the ousting of its chair by ministers last week. The Competition and Markets Authority (CMA), which has faced anger from both the government and private sector over what has been [...]
London house where Herman Melville wrote Moby-Dick goes on sale January 27, 2025 The former Blue Plaque home of American author Herman Melville, where he wrote early drafts of Mody-Dick in the late 1840s, has gone on the market for £9m. The five-bedroom, four-storey townhouse on London’s Embankment housed Melville for two separate periods of the 1800s, and the nearby wharf served as inspiration – along with his [...]
Bigger airports will get growth off the ground January 27, 2025 Anyone who believes in growth should applaud rumours that Rachel Reeves will allow London’s airports to expand, says Jasper Ostle Rachel Reeves is rumoured to be throwing her authority behind the expansion of Britain’s airports, particularly Heathrow, Luton and Gatwick. It’s a courageous effort to accelerate necessary development: she will face opposition from colleagues, local [...]
Founder of UK’s favourite alcohol free beer: ‘I’m mindful of talking about alcoholism and addiction’ January 27, 2025 Lucky Saint is Britain’s favourite alcohol free beer. Its founder on how they became a success, the future of flavour in low-and-no and why he’s mindful of talking about addiction Look at it from the outside and the Lucky Saint pub in Fitzrovia looks like any other boozer, with its traditional facade and its name [...]
City grandees call in small firm specialists to ease London AIM exodus January 27, 2025 The group of City grandees lobbying for reform of the UK’s capital markets has bolstered its team with two small-company-focused executives today, signalling a push from the body to address the crisis gripping the UK’s junior stock market AIM. The Capital Markets Industry Taskforce (CMIT), led by London Stock Exchange boss Julia Hoggett, said that [...]
Wizz Air boss likely to miss out on £100m bonus as shares struggle January 27, 2025 The recent performance of Wizz Air’s share price suggests the company’s boss is set to miss out on a £100m bonus payout. The controversial bonus for CEO Jozsef Varadi was approved by shareholders in 2021. Under the terms of the agreement – the biggest bonus award in the history of the London Stock Exchange – [...]
London pubs giant targets new openings after sales success January 27, 2025 One of London’s largest independent pubs and dining groups is preparing for further expansion after reporting a jump in sales for its latest financial year. Urban Pubs & Bars (UPB) has announced that its turnover increased by 16 per cent to £60.5m in the 12 months to 28 April, 2024. The group added that the [...]