Moorgate blaze tackled by 40 firefighters and six engines August 17, 2023 Forty firefighters and six fire engines battled a blaze this morning at a disused office building on Moorfields in Moorgate. Thick black smoke was seen throughout the area and 1,200 people from neighbouring office blocks were evacuated. No casualties were reported. The fire, near Moorgate’s CityPoint building, was reported at 11.22 and was under control [...]
Yet more rail strikes have been announced – here’s all you need to know August 15, 2023 Commuters are to face yet more misery from rail strikes this August after the Rail, Maritime and Transport Union (RMT) announced fresh industrial action last week. 20,000 RMT members from a host of train operators nationwide will walk out, disrupting the UK’s rail network on dates that coincide with the August Bank holiday weekend. The [...]
FTSE 100 close: Wage growth fuels rate fears as M&S soars and B&M drops on Wilko speculation August 15, 2023 London’s FTSE 100 ended Tuesday down more than 1.6 per cent, as record-breaking wage growth fueled speculation of a 15th straight Bank of England rate hike. The capital’s blue-chip index was down 1.63 per cent by close of play to to 7,384.94, weighed down by listed investment firm Abrdn, down three per cent, alongside Pheonix [...]
Rio Tinto suffers from China’s sluggish revival despite inching closer to mega mine project in Guinea August 15, 2023 Investor sentiment towards multinational miner Rio Tinto has not improved in this week's early trading on the London Stock Exchange.
Chinese economy: Country’s biggest property developer sees shares crash to record low August 14, 2023 Chinese property giant Country Garden’s debt problems deepened after its onshore bonds were suspended, sending its shares plunging 16 per cent to record low on Monday in a fresh blow to policymakers trying shore up confidence in a stuttering economy. Markets remain jittery as the trouble in China’s largest private property developer could have a chilling effect [...]
Vote blue, go green? A climate takeover of the Conservatives is an unlikely feat August 14, 2023 The eco-warriors among the Conservatives are a small but growing number, albeit not fast enough to turnaround an anti-green slant Rishi Sunak has implemented, writes Eliot Wilson.
British Land ‘considering’ offloading some assets to US property giant: reports August 13, 2023 Property developer British Land is considering selling a number of its assets to US real estate group Realty Income, reports say. The potential £300m deal would involve selling a portfolio of six London-based data centres and offices, currently leased to Vodafone, and three shopping centres, according to The Sunday Times. Realty first entered the UK [...]
North and West London faces ‘bus standstill’ as workers vote on strike action August 10, 2023 North and West London’s bus network could grind to a halt this autumn, the Unite Union has warned, as hundreds of workers are to be balloted for strikes in an ongoing dispute over pay. 500 employees French-owned operator RATP in London will vote over the next month on whether to launch a campaign of industrial [...]
Watches of Switzerland: Tourist tax ‘biggest single frustration’ for UK retailers August 10, 2023 The government’s decision to scrap VAT-free shopping for tourists is continuing to hold UK retailers back, Watches of Switzerland has warned. Chief executive of the FTSE 250 luxury watch seller Brian Duffy told City A.M. it was “probably the biggest single frustration” for the British retail sector. “I was in Italy this weekend and the [...]
Central America and South Asia trips see Hostelworld to narrowed losses August 10, 2023 Hostelworld has long been a favourite of travellers looking to rent a cheap bed for the night, but suffered amid sluggish demand after the pandemic.