City Moves for 04 July 2014 | Who’s switching jobs July 3, 2014 Saffron Tax Partners The tax partnership has appointed Nicholas Hughes as partner. He qualified as a solicitor in 1984, and was previously a partner at BDO. Hughes is also a former director at the Chiltern Group, and advises private clients in relation to trust and estate planning matters. Invesco Perpetual The investment manager has announced [...]
Uber saved from London court battle and is operating within the law says TfL July 3, 2014 Transport for London (TfL) has announced that the High Court cannot proceed with a case regarding taxi app service Uber because the magistrates courts are deluged with cases concerning individual Uber drivers. Furthermore, as far as TfL is concerned, Uber is acting within the law by using an app to calculate fares based on the [...]
Labour’s cities plan marred by statistics row July 1, 2014 LABOUR leader Ed Miliband’s plan to devolve financial power to cities and regions around the UK was marred yesterday by a row over statistics. Miliband launched the policy in Leeds with Lord Adonis, following a year-long review into how to boost the UK’s regional economies and bring them into line with London. The pledge could [...]
We can help mend our fractured economy – by passing powers to cities June 30, 2014 AT LONG last, the economy is growing. But as business leaders constantly told me during my economic review, deep structural problems need urgent attention – mass youth unemployment, skills shortages, too few high growth companies which innovate and export, poor infrastructure, and excessive centralisation on Whitehall. The facts are stark. Nearly one in five under [...]
First Legoland in Japan set to open in 2017 June 30, 2014 Merlin Entertainment has announced an agreement to build a Legoland theme park in Japan. The plans represent an attempt to capitalise on Japan's status as the second biggest theme-park market in the world, worth around £4bn annually. The park will cost £185m, and will be built using Merlin's operated and leased framework, where the [...]
Carlyle ponders sale of London minicab firm Addison Lee June 30, 2014 Carlyle Group, the US-based private equity firm, is considering selling Addison Lee, the London minicab company. The decision is part of an evaluation of the business, which Carlyle bought a majority stake in for around £300m in April 2013. The evaluation, to be conducted by Credit Suisse and likely to be completed by autumn this [...]
Support pours in for JP high-flyer James Haymore June 30, 2014 Twitter was awash with supportive messages for JP Morgan account manager James Haymore yesterday, following the revelation he will go to court to defend his right to take his children out of school in term time. “Haymore definitely has a case,” tweeted one supporter. Another tweeted: “Very good luck indeed to James Haymore who [...]
City Matters: Britain’s infrastructure crunch is coming: Doing nothing is not an option June 29, 2014 AS THE British summer makes a fleeting appearance, the demands placed on our infrastructure are only set to increase. The roads, trains and airports will all face additional strain over the coming months, as commuters jostle with overseas tourists and British holidaymakers. This is part of a longer-term trend that has serious consequences for the [...]
This 12 acre Caribbean island costs the same as a three bedroom London flat June 27, 2014 As any good economist will tell you, when you're considering a purchase ask not if you should spend the money or not but what else you could buy for the amount you're considering parting with. To put that into context, if you have £5.7m burning a hole in your pocket should you buy a three-bedroom [...]
Amazon’s lockers arrive in London Tube station car parks June 25, 2014 Amazon has introduced new lockers at Finchley Central and Newbury Park tube station car parks in a partnership between the online retail giant and Transport for London that will let customers collect their purchases at the lockers – like they can do in some Tesco, Asda and Sainsbury’s car parks. Amazon has lockers in over [...]