Eastern European energy company EPIF plans IPO and London Stock Exchange listing April 12, 2016 Czech investor EPH has announced plans to launch an initial public offering (IPO) and list its energy infrastructure utility EPIF on the London Stock Exchange. Its primary stock market listing will be on the Prague Stock Exchange, while its global depository receipts (GDRs) will be admitted onto the UK market, under the plans. It was [...]
Sadiq Khan’s unfunded fares freeze would starve London transport of investment: Only Zac Goldsmith can be trusted with the Tube April 12, 2016 When Londoners go to the polls on 5 May, they’ll be deciding who should run one of the biggest and most complex transport systems in the world. Over half of all bus journeys in England happen in the capital. The Tube handles 1.3bn journeys a year, which is like everyone in China taking one journey [...]
London mayoral election: Sadiq Khan and Zac Goldsmith trade blows over transport policies and tax hikes April 11, 2016 Mayoral candidates Sadiq Khan and Zac Goldsmith have launched stinging attacks on each other this morning in a fiery exchange that sets the scene for an explosive final few weeks of the campaign to succeed Boris Johnson. Khan’s flagship policy to freeze transport fares for four years was branded “financial illiteracy” by Goldsmith’s team as transport [...]
Videogames simulate everything from bus driving to long haul trucking, but what exactly is the appeal of this esoteric genre of mundane job simulators? April 11, 2016 Some seven miles outside of sleepy Folkestone, a Volvo FH16 Globetrotter thunders along the M20 like an angry metal brick on wheels, the piercing beams of its powerful headlights carving through the darkness like the reaper’s flashing scythe. Its 16 litre, 750 horsepower engine roaring like a hungry princess ready for her next meal. The [...]
London Mayoral Election: Zac Goldsmith presses for cuts to tax and red tape April 11, 2016 Zac Goldsmith is pledging to support further cuts to corporation tax if he becomes mayor of London today as the Richmond Park MP launches his mayoral manifesto. The Conservative candidate for mayor will also seek to set himself apart from Labour’s Sadiq Khan by championing deregulation of the City and encouraging less red tape for start-ups. [...]
I spent the entire day on the sofa using only my smartphone to feed, clean, entertain, wash and supply me. Here is my story. April 7, 2016 There’s never been a better time to have an aversion to effort. Fuelled by a heady mix of collective laziness and a perceived lack of free time, a new breed of smartphone app has rocketed to popularity: the convenience app; the concierge app; the can’t be bothered doing it myself app. All of them developed [...]
London mayoral election 2016: Labour candidate Sadiq Khan pledges review of Crossrail 2 station in Chelsea April 7, 2016 Labour's London mayoral candidate Sadiq Khan has said he will review plans to build a station for Crossrail 2 in Chelsea after lobbying by local residents. Transport for London (TfL) has planned for a £1bn Crossrail 2 station in Chelsea, but local group No Crossrail in Chelsea has been actively campaigning against the move, which it says [...]
Six reasons why London’s property market won’t collapse this year April 7, 2016 A recent report by UBS argued that London’s property market in London is exposed to the world's highest bubble risk and many would agree. But the reality is there are several good reasons why prices won't fall anytime soon. Here are just six. 1. Population growth London’s population grows faster than the UK national average and the supply of [...]
Competition works as cabbies up their game in the long-running battle with Uber April 6, 2016 The long-running battle between Uber and black cabs may be drawing to a civilised conclusion, and we can thank the beneficial forces of market competition for calming this mighty feud. Faced with the realisation that Uber isn’t going anywhere, the black cab industry has taken the sensible and welcome step of deciding to compete with [...]
London Stock Exchange chief executive Xavier Rolet: Brexit impact would be “substantial” – Thatcher’s Britain should lead, not leave, the European Union April 5, 2016 Xavier Rolet believes the impact of a Brexit on the City would be "substantial" and "almost immediate" following the referendum. Instead of exiting the European Union, the London Stock Exchange chief executive wants Britain to channel the spirit of Margaret Thatcher and lead the continent to a new era of strong economic growth. Rolet was speaking to City A.M. during [...]