How powerhouse London beat New York to become the best city in the world May 18, 2014 LONDON has, for the first time, claimed the top spot as a centre for business, finance and culture in Cities of Opportunity – PwC’s sixth annual index of 30 major cities internationally. The capital has edged ahead of New York since last year, with Singapore coming in third. The index covers an impressively wide range [...]
City Matters: How British companies can help Latin America unlock its huge potential May 18, 2014 THE EYES of the world are turning to Brazil as “the beautiful game” returns to its spiritual home next month. This is an exciting time for all the teams involved ahead of the World Cup, but also one filled with major challenges and opportunities – a situation not dissimilar to that facing Latin America as [...]
Easter holiday trips boost the capital’s airport traffic in April May 12, 2014 THE LATE Easter getaway helped boost traffic at London’s biggest airports in April, the owners of Heathrow and Stansted said yesterday. Heathrow traffic rose 6.7 per cent to almost 6.2m in the month, with a big increase in trips to the Middle East and Asia. In the past year, passengers numbers at Britain’s busiest airport [...]
Boris Bypass below-ground route revealed May 12, 2014 LONDON officials yesterday shed more light on where Boris Johnson’s planned £30bn underground ring road in central London would be built. The inner orbital tunnel, which is in “the very early stage” of planning according to City Hall, could offer two underground river crossings for motorists and link up to Hackney Wick. The Mayor of [...]
Capita on track for 2014 thanks to flurry of new contract awards May 12, 2014 OUTSOURCING firm Capita said yesterday that it feels confident of achieving growth in line with market expectations this year, after “a strong start to 2014” where it secured £1.1bn of new contracts. The FTSE 100 company was awarded contracts with Transport for London, John Lewis and the Ministry of Defence, with its bid pipeline standing [...]
What you need to know before the open May 12, 2014 European markets are set to open lower this morning, following Asian counterparts, as investors await with caution for events in Ukraine to unfold. Yesterday, anti-Kiev rebels declared victory in a referendum on self-rule in eastern Ukraine. Western leaders are threatening further sanctions around energy and the financial services, if Moscow moves to disrupt the planned [...]
Planning boost for theme park near Ebbsfleet May 11, 2014 A PROPOSED theme park near Ebbsfleet has been deemed a project of national significance, allowing it to pass through the planning process more quickly. The Paramount Pictures theme park on the Swanscombe Peninsula in Kent would be “important in driving growth in the economy”, said the Department for Communities and Local Government as it recommended [...]
Heathrow and Gatwick make case for space May 11, 2014 HEATHROW and Gatwick will this week set out their final cases for an extra runway, ahead of a government decision next year on the venue for new airport capacity in Britain. Heathrow’s outgoing boss Colin Matthews and new chief John Holland-Kaye are expected to outline why the airport’s own plan for a runway to the [...]
London faces chaos as black cabs go head to head with Uber May 8, 2014 London’s black cabs are on the war path against innovative taxi app service Uber, promising to cause widespread disruption across the capital in early June. The Licensed Taxi Drivers Association (LTDA) argue that Uber’s drivers are using an app to calculate fares. It is currently illegal for private vehicles to be equipped with taximeters. However, [...]
London faces chaos as black cabs go head to head with Uber May 8, 2014 London's black cabs are on the war path against innovative taxi app service Uber, promising to cause widespread disruption across the capital in early June. The Licensed Taxi Drivers Association (LTDA) argue that Uber's drivers are using an app to calculate fares. It is currently illegal for private vehicles to be equipped with taximeters. However, [...]