City Moves: Who’s switching jobs in the Square Mile this week? January 7, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Burford Capital Burford Capital has hired an arbitration expert and legal finance industry veteran as a new principal in its London office. Mick Smith, who co-founded Calunis Capital in 2006, will focus on global arbitration matters. The former JP [...]
Sadiq Khan hits out at rail union over planned six-month Tube strike January 6, 2022 Sadiq Khan has hit out at the UK’s largest rail union for its planned Tube strike tomorrow, saying that the long-term industrial action will “cause further devastation” for London’s economy. London Underground staff from the The National Union of Rail, Maritime and Transport Workers (RMT) will walk off the job on Friday and Saturday evenings [...]
Wandsworth sees the highest number of £1m property transactions as buyers desire space January 5, 2022 The leafy borough of Wandsworth has been named as the capital’s hotspot for property transactions of £1m over the last year. The south-west London borough accounted for 11 per cent of high end transactions over the last year, out of a total 6,312 transactions for between £1m and £3m across London. Kensington and Chelsea and [...]
Share trading in Go-Ahead Group halted as Southeastern rail scandal widens with Deloitte scrutinising the books January 4, 2022 Shares in train firm Go-Ahead Group have been suspended to give its auditor more time to finalise delayed full-year results in the wake of the Southeastern franchise scandal. Go-Ahead said it was working with accountancy group Deloitte to get its earnings for the year to July 3 2021 published “as soon as possible”, with the [...]
Johnson: NHS will be under ‘considerable pressure’ from Covid for foreseeable future January 3, 2022 Pressure on the UK’s hospitals from Covid cases will be “considerable” for “the next couple of weeks and maybe more”, Boris Johnson has said. Johnson said the NHS will come under serious strain for the foreseeable future from the Omicron wave, but that harsher restrictions were still not necessary. Covid cases are now at around [...]
Southern trains cancels ALL services to and from London Victoria until January 10 as rail disruption worsens December 30, 2021 Southern announced this afternoon that none of its trains will run to or from London Victoria until January 10 due to “coronavirus isolation and sickness”. Disruption to rail services is worsening due to pandemic-related staff shortages and industrial action. London Victoria is one of the UK’s busiest stations, and is normally connected by Southern to [...]
High hopes: airspace development could be the key to solve the housing crisis December 30, 2021 Brownfield development, which means building on derelict land that has previously been used, is increasingly taking centre stage when it comes to tackling the housing crisis. A package of £1.8bn has recently been announced for new homes on this kind of land. But less is spoken about the role for airspace developments – a sustainable, [...]
Best of 2021: Why UK airlines are at odds with Heathrow December 27, 2021 The Civil Aviation Authority (CAA) managed to upset both airlines and Heathrow on 16 December when it confirmed the interim price cap which will be implemented at the London hub from 1 January. From the current £19.60 the charges will go up to £29.50 in 2020 prices, amounting to £30.19 per passenger because of the [...]
Covid, closures and strikes impact thousands of Christmas travellers December 27, 2021 Planned closures as well as strikes and Covid have interfered with UK travellers’ Christmas plans, with disruption set to continue this week. Rail operators – including Greater Anglia and ScotRail – were forced to make adjustments to their timetable after staff fell ill with Covid. “The rapid spread of the Omicron variant has seen a recent spike of Covid-related absences [...]
If the government wants to go green, housing accessibility can’t rely on cars December 27, 2021 Between 2015 and 2019, a total of 2,743 new major residential developments were approved in England. It was a record number, with 170,000 homes built in the year ending in June 2019 alone – the highest number for 11 years. The then Housing Secretary Robert Jenrick said it was his mission to “get Britain building.” [...]