City Moves for 22 August 2016 | Who’s switching jobs August 22, 2016 Falcon Technologies International Optical Media storage specialist Falcon Technologies International has appointed Michael Gutowski as chief executive officer. Michael brings on board over 20 years of experience in the optical media industry, including having been CEO of Infodisc Technology in Europe and developing the firm into one of the leading players in the region. In addition to his executive [...]
The weaker pound sent Chinese and US tourists on a spending spree in the UK last month August 22, 2016 The UK's purse received a boost from tourist spending in the month following the referendum, as visitors from made the most of the weaker pound. International tax free shopping spending rose seven per cent overall in July, according to retail tourism experts Global Blue. Travellers from the US increased their tax free shopping by 22 per [...]
Small firms want Germany front and centre in Brexit negotiations, finds new research August 22, 2016 The UK's small businesses are keen to keep in touch with their German counterparts following Brexit, research out today has found. The study by PwC, as part of its My Financepartner offering, of 566 SMEs discovered that two thirds (66 per cent) want government to focus on maintaining access to the Single Market for businesses in its negotiations and [...]
The Night Tube is nigh – but Sadiq Khan has raised some potential “teething problems” August 19, 2016 You'd be hard pushed to find anyone who's sour about the Night Tube finally coming into service tonigh We've already identified some key benefits – and most Londoners, retail groups and even the RMT seem to be excited about it. Naturally, the mayor of London is pretty smitten too. But with great power comes great responsibility and Sadiq Khan has [...]
Night Tube will support thousands of workers, says Sadiq Khan ahead of tonight’s launch August 19, 2016 The mayor of London has formally hailed the start of Night Tube, saying it will support thousands of workers and help get Londoners around more quickly, safely and affordably. Sadiq Khan applauded the commencement of the 24 hour weekend services, which launch on the Central and Victoria lines tonight. “The launch of the Night Tube this evening [...]
Three at 3: The three stories you need to read right now August 18, 2016 We’ve done the legwork for you, and put together the top three stories of the day in bite size form, to make your life that bit easier. Time for a coffee break? Check out our three at three. What Brexit? We’re going shopping Despite all the the reports of the effects Brexit could have on [...]
RMT union backs Night Tube – and its members – after having striked on pay August 18, 2016 The RMT has remarkably now decided to support the beginning of services on the Night Tube, claiming its workers deserve the "praise and the credit". The union, which has disputed the implementation of the Night Tube and voted for strike action, has now changed tact and started to back the commencement of services, with the caveat that staff [...]
Retail groups hail long-awaited introduction of the Night Tube August 17, 2016 Retail groups have welcomed the long-awaited introduction of the Night Tube to give business a boost and make London more attractive for visitors. The Night Tube is scheduled to get started Friday 19 August, after first being unveiled by Transport for London in September 2014. The New West End Company, which provides a voice for London's West [...]
Norway’s sovereign wealth fund cuts the value of its UK property portfolio due to the Brexit vote August 17, 2016 Norway's sovereign wealth fund – the largest in the world – has cut five per cent off the value of its UK real estate portfolio due to the Brexit vote. Trond Grande, deputy chief executive of the 8,177bn kroner (£668bn) fund, said at a press conference in Oslo: "It's an extraordinary measure. "It was pointed out [...]
Economists blast “anachronistic system” system of setting rail fares as ticket prices set to rise August 17, 2016 More misery was piled on to beleaguered commuters yesterday as a hike in rail fares was unveiled. Fares will rise by an average of 1.9 per cent next year following the release of July’s retail price index (RPI), against which fare increases are pegged. RPI rose from 1.6 per cent. The jump in fares comes as rail [...]