The City Corporation is leading the charge for a greener, cleaner, plastic-free capital October 7, 2019 Brexit has been top of the agenda for many City firms in recent years, but one issue that could disrupt business models even more significantly in coming decades is climate change. In the words of Bank of England governor Mark Carney, the transition to a carbon-neutral economy poses an existential challenge – and it is [...]
DEBATE: Does the former Tory leadership hopeful Rory Stewart have a shot at becoming London mayor? October 7, 2019 Does the former Tory leadership hopeful Rory Stewart have a shot at becoming London mayor? Ben Kelly, a commentator for Reaction, says YES. Rory walks on – on to London. But does he stand a chance? Of course he does. The popularity of Sadiq Khan is waning, and the Conservatives’ candidate, Shaun Bailey, is woeful. [...]
London remains main target for foreign investment October 7, 2019 London continued to attract more foreign direct investment than any other UK city last year, prompting calls for a wider distribution of funds across the country. The capital attracted 73 per cent of the total 624 projects secured in 2018, according to research by EY and the Centre for Towns. Read more: Five reasons why [...]
Odey and Elliott ‘among City titans to invest in hypersonic jet firm’ October 6, 2019 City heavyweights including Crispin Odey are said to have thrown their financial might behind an Oxfordshire-based firm which hopes to one day transport passengers from London to New York in an hour. The hedge fund tycoon Odey and US activist investor Elliott Advisors are among firms which have poured £100m into Reaction Engines, signalling their [...]
HS2 review panel considers axing eastern extension October 5, 2019 The High Speed 2 rail project could be scaled back in northern England to cut costs. Under plans drawn up by the panel reviewing the project, the route beyond the East Midlands to Leeds and Sheffield would be axed. Train speeds would also be cut by 40mph, in a bid to save more than £10bn, [...]
Extinction Rebellion targets City of London in two weeks of protests October 4, 2019 Climate change activist group Extinction Rebellion is preparing to launch another mass demonstration across London. The protest group claims the fortnight of action, which begins on Monday, will be five times bigger than demonstrations in April, which saw hundreds of people arrested. Read more: Eight arrested after Extinction Rebellion lose control of fake blood fire [...]
New builds: Homes on the market in London this week, from a former Bermondsey pub to a Deptford tower with City views October 4, 2019 196 Southwark Park Road, Bermondsey From £450,000 for a one-bed Bermondsey is often ranked as one of London’s best places to live thanks to its food, drink and culture scenes, transport connections and relative affordability. If you want a piece of the action, Orchard Homes Group has just launched eight apartments and two houses at [...]
Stagecoach to stop share buy back programme at £30m October 3, 2019 Stagecoach will stop its share buy back programme once it has reached £30m, the transport giant announced this morning. Earlier this year, the firm announced a share buy back programme worth up to £60m over the next year following the government’s decision to bar it from three rail franchises. Read more: Abellio takes over East [...]
Asset management chair William Russell elected 692nd Lord Mayor of the City October 2, 2019 William Russell, the chair of asset management firm CDAM, has been elected as the 692nd Lord Mayor of the City of London. Russell, who made his name as an investment banker at Merrill Lynch, will succeed Peter Estlin on 8 November for a one-year term. Read more: City faces a Brexit ‘nightmare’ unless a deal [...]
Transport secretary Grant Shapps: I do not know answer to HS2 cost question October 1, 2019 Transport secretary Grant Shapps has said he doesn’t know how much the controversial High Speed Two (HS2) project currently costs. HS2, which will link London to the north in stages, is currently subject to a review by former its former chairman Douglas Oakervee that could see the project significantly altered or even scrapped. Read more: [...]