Global stocks set to rise sharply on Fed’s bond-buying pledge March 24, 2020 Global stocks rose overnight despite fears US President Donald Trump’s administration’s economic stimulus package faces further delays. Asian stocks surged in Tuesday trading that saw Japan’s Nikkei leap seven per cent higher and Hong Kong’s Hang Seng index jump 4.6 per cent. That came despite the Senate again blocking Trump’s near $2 trillion (£1.7 trillion) [...]
Contactless spending limit increased in response to coronavirus March 24, 2020 The spending limit for contactless card payments will be increased next month in response to the coronavirus outbreak. Shoppers will be able to spend £45 using contactless payments, up from £30, from 1 April. The measure was already being considered by the industry but its introduction has been brought forward due to the coronavirus pandemic [...]
Deliveroo founder urges PM to back takeaway sector during coronavirus crisis March 23, 2020 The founder of the food delivery app Deliveroo has urged the government to relieve the pressure on supermarkets during the coronavirus crisis by funding a public information campaign explaining the safety of takeaway outlets. Will Shu has written a letter to the prime minister to say that the package of economic support announced by the [...]
St Patrick’s Day: London celebrations canned due to coronavirus March 13, 2020 London’s St Patrick’s Day parade has been cancelled after performers dropped out due to mounting fears over the outbreak of coronavirus. Mayor of London Sadiq Khan said this morning that key performers were no longer able to take part in the annual Irish celebration. Khan said he was “incredibly disappointed” that the parade – which [...]
Coronavirus: Just Eat and Deliveroo offer contactless delivery March 13, 2020 Food delivery services have launched contactless delivery options to prevent the spread of coronavirus. Takeaway.com, the Dutch company that recently bought Just Eat, and Deliveroo have both committed to providing deliveries without physical contact. Takeaway said the measure is applicable to all restaurants on its platform throughout Europe. Drivers are being instructed to ring the [...]
Treasury mulls new laws to delay end of cash February 23, 2020 The Treasury is drawing up plans to protect the availability of cash amid concerns over declining access to dispensers for older people and those from rural communities. Officials are understood to be in detailed discussions about how to combat the decline of cash ahead of the Budget next month, with one possible option the introduction [...]
The landscape may have changed, but the purpose of finance remains the same January 17, 2020 In January 2007, I walked into my first day in a role at one the world’s leading global financial institutions with all the excitement that comes with a new job. Like many of those working in the industry at that time, I didn’t foresee the hurricane that was about to hit in the shape of [...]
TfL updates Tube map to include Crossrail stations for the first time December 5, 2019 Transport for London (TfL) has released a new Tube map for December that features several new Crossrail stations all the way out to Reading. The new map is the first to feature a section of the Elizabeth Line, which goes to Reading through Maidenhead, Slough, Langley, Burnham and Twyford. Crossrail – called TfL Rail on [...]
TfL adds extra peak time services to London Overground December 4, 2019 The London Overground will add early morning capacity on services from Gospel Oak to Barking from next month. The line will benefit from two extra services before 6am to meet “growing customer numbers”. Read more: Crossrail delay until 2021 may cost London £2bn Rory O’Neill, TfL’s general manager for London Overground, said: “These additional early morning [...]
TfL is finally giving the Tube an Apple Pay upgrade December 2, 2019 Apple Pay users will be able to move through Tube stations faster, after the app upgraded its payment system with Transport for London (TfL). Apple Pay’s Express Transit allows people to tap through Tube stations without first having to use authentication measures. Read more: TfL deficit shrinks thanks to Ulez and increased Tube numbers Formerly, [...]