Passing May’s Brexit deal would make sterling surge, says JP Morgan January 9, 2019 The sterling would surge by at least four per cent if parliament approves Prime Minister Theresa May’s Brexit proposals in a planned vote next week, JP Morgan said. The bank’s asset management wing also warned about the potential impact of extending Article 50, something the government has ruled out. Karen Ward, the fund manager’s EMEA [...]
Deliveroo riders defeated in High Court battle over collective bargaining rights December 5, 2018 A union acting for a group of Deliveroo riders was defeated today in a High Court fight over whether the delivery firm’s drivers were entitled to collective bargaining rights. In a key decision on the future of the gig economy the court ruled that Deliveroo riders are self-employed and therefore would not be allowed to collectively [...]
No-deal Brexit would be ‘disastrous’ for Toyota and could cost £10m a day, MPs hear December 4, 2018 Toyota has warned MPs that a no-deal Brexit would be “disastrous” to its car making operation in UK, and could cost the company around £10m a day. Tony Walker, deputy managing director of the company in Europe, said it was “unimaginable” that it would be able to change customs procedures to fit World Trade Organisation [...]
May: UK will not get better offer if MPs vote down draft Brexit withdrawal agreement November 23, 2018 Theresa May has said the European Union will not “give us a better deal” if MPs vote down the draft withdrawal agreement she has negotiated. Asked what happens if MPs reject the agreement, she said “I think we end up back a square one” with “more uncertainty and more division”. “If we were to go [...]
Our once-in-a-generation opportunity to ensure that the City is fit for the future November 5, 2018 Firms across the Square Mile have had to spend a disproportionate amount of time recently planning for the short term. With less than five months to go before the UK leaves the European Union, it is right that businesses urgently prepare for all possible outcomes, including a possible no-deal scenario. There are many pressing issues [...]
Small firms must prepare for no-deal Brexit, City governing body warns October 25, 2018 Small firms must speed up plans for a no-deal Brexit, the Square Mile’s governing body has warned, as negotiations with the EU faltered with five months to go until Britain’s leave date. There is no guarantee that a withdrawal agreement will be reached, the City of London Corporation (CLC) said today, and small and medium [...]
Uber Eats riders and restaurant workers to strike over gig economy pay October 4, 2018 Uber Eats workers are to stage a strike later today with a small number of workers from JD Wetherspoon and TGI Fridays over gig economy pay and conditions. Some McDonalds and Deliveroo workers were also set to take part in the rally in Leicester Square at 11am this morning, while Uber Eats drivers are preparing their own separate strike outside its [...]
Norwegian wealth fund buys up old Amazon HQ in London for £321.1m September 27, 2018 Norway’s sovereign investment fund today revealed it has bought a 100 per cent stake in an office building in central London for £321.3m. The seller was VGV Immobilienfonds II, a fund managed by Union Investment Institutional Property. The building at 60 Holborn Viaduct is the former London headquarters of tech giant Amazon, which moved to [...]
Piccadilly Line running with severe delays at rush-hour peak September 19, 2018 Rush-hour commuters are facing severe delays across the entire Piccadilly Line this morning following a signal failure at Russell Square. TfL urged passengers to find other ways to get to work while it resolves the issue: https://twitter.com/TfLTravelAlerts/status/1042303446152564736 Yesterday the DLR was out of action until the mid afternoon following a signal failure at West India Quay. [...]
Piccadilly Line running with severe delays at rush-hour peak September 19, 2018 Rush-hour commuters are facing severe delays across the entire Piccadilly Line this morning following a signal failure at Russell Square. TfL urged passengers to find other ways to get to work while it resolves the issue: https://twitter.com/TfLTravelAlerts/status/1042303446152564736 Yesterday the DLR was out of action until the mid afternoon following a signal failure at West India Quay. [...]