Waterloo Station is getting a revamp and this is what it will look like November 2, 2016 Waterloo Station is getting a flashy revamp. Lambeth Council have awarded planning permission to a project from London and Continental Railways (LCR), the Department of Transport and Network Rail that will bring the former Eurostar terminal back to life after a decade. There will be 135,000 square feet of office space with high street food and [...]
Met Police hands over keys of New Scotland Yard HQ to new owners after 49 years November 1, 2016 The Metropolitan Police yesterday handed over the keys of its New Scotland Yard headquarters in one of the biggest property deals to complete since the UK’s Brexit vote. BL Development Limited, an investment vehicle controlled by UAE-based Abu Dhabi Financial Group, acquired the building for £370m in December 2014. Read more: New New Scotland Yard? [...]
HSBC calling? Dame Clara Furse steps down from Bank of England’s Financial Policy Committee November 1, 2016 Dame Clara Furse has stepped down from the Bank of England's Financial Policy Committee (FPC), fuelling speculation that she's being lined up for a top job at HSBC. “It’s been an enormous privilege to work with the governor, other FPC colleagues and Bank staff on developing the UK’s macro-prudential policy in its early years," said Furse. "I [...]
Premium Bonds stand the test of time and celebrate their 60th birthday today November 1, 2016 There aren't many government initiatives that go pretty much untouched for 60 years. But the iconic Premium Bond celebrates its diamond anniversary today and while some elements may have changed, the central idea remains the same. Harold Macmillan launched Premium Bonds in 1956 as part of a government initiative to encourage post-war Britons to save more. The [...]
HSBC UK expected to name former London Stock Exchange boss as chair October 31, 2016 Dame Clara Furse is close to being named chair of HSBC UK, the new ring-fenced retail bank, it has emerged. The former chief executive of the London Stock Exchange Group could be appointed as early as tomorrow, Sky News first reported. As part of the move – which would be subject to regulatory approval – she would [...]
House prices around the M25 have gone up 551 per cent in the last 30 years October 29, 2016 The M25 is 30 years old today. A lot of things have changed in 30 years; not least house prices. Indeed, the average price of houses around the M25 has risen 551 per cent in the 30 years since Britain's busiest motorway was opened. According to Halifax, in the 40 towns surrounding the 117-mile motorway, the average price [...]
When do the clocks go back in October 2016 in the UK? Six things you should know about Daylight Saving Time changing to GMT on Sunday October 28, 2016 This weekend, we'll all get an extra hour in bed. At 2am on Sunday, clocks around the country will go back by an hour to 1am. The transition from Daylight Saving Time (DST) to Greenwich Mean Time (GMT) happens every year, and it means lighter mornings and darker evenings for all of us over the [...]
City Moves for 28 October 2016 | Who’s switching jobs October 28, 2016 Capgemini Consulting Capgemini Consulting has appointed Kristofer le Sage de Fontenay as the head of financial services in the UK. Kristofer joins from Atos Consulting where he held the role of head of global financial services. Kristofer has over 20 years’ experience at Atos Consulting where he specialised in the financial services industry, in particular [...]
Millionaire Labour donor John Mills to launch business-driven “Hard Brexit” campaign group October 27, 2016 Millionaire Labour donor John Mills is in early talks to create a new campaign group to push for a so-called “Hard Brexit”. Mills, who campaigned for a Leave vote during the referendum, is looking to corral business figures to back a drive under the banner “Business for Brexit”. The founder of JML has been a [...]
Five things we learned from today’s GDP figures: Could Star Wars have saved us from a post-Brexit slump? October 27, 2016 A surprising set of GDP results came out this morning, revealing that the resilient economy had grown by 0.5 per cent in the last quarter. This was at odds to predictions from the Treasury earlier this year who thought that if the UK voted to leave the EU, economic growth could slow to one per cent. [...]