‘The deal was done before the starters arrived’: Fundment CEO on the art of the business lunch March 27, 2025 Fundment founder Ola Abdul secured £45m earlier this year. He tells us how he did it, including the art of the business lunch.
Government approves Lower Thames Crossing March 25, 2025 Ministers have given the go-ahead to the £10bn Lower Thames Crossing road tunnel, one of the most expensive infrastructure projects in UK history. Transport Secretary Heidi Alexander approved the development consent order (DCO) for the scheme on Tuesday. It will be funded primarily by the private sector, according to the Financial Times, confirming speculation after [...]
Spring Statement 2025: Reeves urged to fund Bakerloo Line and HS2 Euston March 24, 2025 London’s property sector has called on Rachel Reeves to introduce new funding models in the Spring Statement to prevent critical transport projects, such as HS2 Euston in the UK capital from stalling. The London Property Alliance, which represents real estate developers and investors, said the government “must be bold” if it wants to move forward [...]
Grid operator to ‘urgently investigate’ Heathrow power outage after fire March 22, 2025 Energy secretary Ed Miliband has ordered the National Energy System Operator to “urgently investigate” the power outage caused by a substation fire that shut Heathrow Airport on Friday. He is working with Ofgem and using powers under the Energy Act to formally launch the grid operator’s investigation. “We are determined to properly understand what happened [...]
Heathrow ‘open and fully operational’ after disruption caused by power outage March 22, 2025 Heathrow Airport said it is “open and fully operational” on Saturday after the airport was shut over a loss of power caused by a substation fire. Flights resumed at the west London airport on Friday evening and restrictions on overnight flights were temporarily lifted following hours of closure, after a blaze knocked out an electricity [...]
Lloyd’s reinsurer secures landmark Ukraine reinsurance facility March 21, 2025 MS Amlin, a Lloyd's reinsurer, has secured a reinsurance scheme that could provide up to €1bn (£830m) in annual coverage for Ukraine SMEs
Bolt sends £200m warning to Reeves ahead of Uber VAT ruling March 21, 2025 Ride-hailer Bolt has sent a stern warning to Rachel Reeves over government inaction on a possible 20 per cent VAT hike for taxi firms. City AM understands the mobility firm has written to the Chancellor warning it has withheld £200m of investment in the UK over the last three years as ministers dither over the [...]
Passengers urged to stay home as Heathrow closed following electrical fire March 21, 2025 Heathrow airport will be closed for all of Friday, after a large electrical fire at a nearby substation. Passengers are being urged not to travel to Europe’s busiest airport, with the website FlightRadar24 reporting that at least 1,300 flights will be cancelled. In the surrounding area in West London, around 150 people have been evacuated [...]
‘I lament the pairing of trainers with suits’: Cheaney shoes’ Jonathan Church on swapping banking for brogues March 20, 2025 Church's shoes Jonathan Church is a veteran of the British footwear business. He tells us why he swapped banking for brogues.
Exclusive: Top transport civil servant who oversaw HS2 to step down March 19, 2025 Dame Bernadette Kelly, the top civil servant at the Department for Transport (DfT), is to step down after nearly eight years in the role. A Whitehall veteran with four decades of experience, Kelly was appointed permanent secretary in April 2017 following a stint as director general of the DfT’s rail group. She led work on [...]