City Moves for 3 October 2016 | Who’s switching jobs October 3, 2016 Squire Patton Boggs Squire Patton Boggs has appointed Kashif Siddiqui as a partner in its global Corporate practice in London. With previous experience at Allen & Overy, Kashif has significant corporate expertise, with his practice focused on cross-border mergers and acquisitions (both public and private), disposals, joint ventures and reorganisations. He advises investment banks and [...]
Let’s celebrate the incredible generosity of spirit that powers London’s businesses October 3, 2016 In my role as lord mayor, I lead business delegations to key international markets to strengthen commercial ties and promote Britain as one of the best places in which to invest and trade. I am always struck by the positive perception of the UK as not only a good place to do business, but also as a [...]
Flybe wants green light for Heathrow’s regional proposals October 3, 2016 Budget airline Flybe is pushing for an enlarged Heathrow to ensure the UK remains competitive post-Brexit. “To effectively compete in a post-Brexit environment whilst a third runway is built in the South East, and in light of the new Heathrow plans, Flybe would strongly urge the government to give an expanded Heathrow the green light,” [...]
Our response to #Tube_chat says something important about Londoners September 30, 2016 It appalled Londoners and baffled outsiders, it broke the internet and sent the capital’s commuters into paroxysms of fear – yes, yesterday, someone tried, very gently, to persuade Tube users to speak to one another. The effort did not go down well. Reports of badges bearing the legend “Tube chat?” being handed out at Old [...]
Focus On Camberwell: The area’s cool neighbours and artistic connections make up for the lack of Tube September 29, 2016 Gentrification is taken to be a fairly modern concept; the word conjures up images of property developers covertly following artists home to scout out the area for substantial profit. In fact, the Victorians have been at it ever since the first railways began connecting previously far-flung districts to the capital and Camberwell was one of [...]
Co-op Bank and Capita have very different opinions on the status of a £325m contract to manage mortgage services September 29, 2016 After issuing a profit warning and seeing shares slide nearly 30 per cent, FTSE 100 outsourcer Capita has become embroiled in a somewhat embarrassing spat with Co-op bank. Capita acknowledged in its statement to the market this morning: We are in a contractual dispute with the Co-op Bank regarding obligations relating to the transformation of [...]
Arriva holds onto the Cross Country rail franchise in “milestone” award by Department for Transport September 29, 2016 Arriva has won a three year contract extension to run the Cross Country rail franchise in a deal with the Department for Transport worth £163m. The Deutsche Bahn-owned company has run the franchise since 2007 and revealed a raft of new initiatives it intends to implement as part of the deal that starts in October. These included promising to waive [...]
#Tube_Chat: Someone’s trying to get Tube commuters to converse and Londoners hate the idea September 29, 2016 It's every Londoner's nightmare. An underground campaign may be trying to get Tube commuters to actually converse with one another. Well-meaning though it may be, London Underground users hate the idea. The mysterious campaign emerged on social media this morning – although the majority of images seemed to be from the campaign's Facebook page, suggesting few badges [...]
Shares in outsourcer Capita have plunged after it issued a profit warning September 29, 2016 Ooof. Shares in FTSE 100-listed outsourcer Capita have fallen almost 30 per cent this morning after it issued a punchy profit warning. Shares were down 28.7 per cent at 679.3p in early trading, after the company said it expected full-year underlying profits to fall between £535m and £555m, as opposed to the £614m it had previously forecast. [...]
Rush hour travel disrupted by delays on the Central Line September 29, 2016 Commuters are facing delays during rush hour this morning due to delays on the Central Line. Transport for London said there are severe delays between Leytonstone and White City westbound, and minor disruption on the rest of the line. According to TfL, the delays were caused by a signal failure at Stratford. https://twitter.com/centralline/status/781386786853515264 Central Line staff on Twitter advised commuters [...]