Tube chaos: Severe delays hit Tube lines after Underground fire alert hits Jubilee Line commuters May 23, 2019 A fire alert at Bond Street station left commuters' journeys in tatters today as the Jubilee Line was struck with severe delays and left part suspended for most of the morning. Read more: Revealed: These are London's most stressful Tube stations There was no service on the Jubilee Line between Finchley Road and Waterloo this [...]
Challenger bank TSB unveils raft of leadership appointments as CYBG’s Debbie Crosbie begins her reign May 22, 2019 Challenger bank TSB has further bolstered its leadership team following the arrival of new chief executive Debbie Crosbie. The former CYBG chief operating officer took charge earlier this month, replacing Paul Pester who stepped down last year in the aftermath of a major IT meltdown. Read more: TSB launches fraud guarantee for customers after last [...]
The robots are coming – and they’re (potentially) after your job May 22, 2019 By Ian Hall (City AM, for the CFA Institute) ‘You want your robot to be smarter than the other team’s robot’: advice that sounds like it belongs to a participant in combat competition TV show Robot Wars. But, actually, it’s the increasingly competitive and technology-affected situation that many investment professionals will face in the workplace [...]
Ex-European Commission president says UK financial services should be higher on Brexit agenda May 21, 2019 The UK’s financial services sector should be much higher on the agenda of Britain’s Brexit negotiators, the chairman of Goldman Sachs and former president of the European Commission said today. Read more: Helena Morrissey casts vote for Brexit party in upcoming Euro-election “I'm relatively surprised by the fact that until now in the discussion of [...]
How Watford’s digital overhaul has helped the FA Cup finalists to keep punching above their weight May 16, 2019 Nestled among the replica kits and Javi Gracia T-shirts at Watford’s club shop is a version of “Guess Who?” in which the board game’s usual cast of characters is replaced with current Hornets players. Rival supporters might quip it’s an apt product for a team whose revolving door policy to recruitment can make it difficult [...]
The Brexit Party genie cannot be stuffed back into the bottle May 16, 2019 It was said of the French Bourbons during the Restoration following the Revolutionary and Napoleonic interregnum that “they had learned nothing, and forgotten nothing”. Utterly oblivious to how France had changed since Louis XVI had been driven from the throne, his relatives proceeded to attempt to roll back the clock and restore their vision of [...]
Wework reports $264m loss ahead of stock market debut May 15, 2019 The We Company, the parent company of office space provider Wework, reported losses of $264m (£205m) in the first quarter of this year ahead of its highly anticipated stock market debut later this year. Net losses fell by $10m from $274m last year as revenue continues to double annually and the number of large customers [...]
European growth aided by UK expansion and German bounce-back May 15, 2019 Growth in the Eurozone and European Union picked up in the first quarter of the year after a rough patch, with the UK showing solid expansion, the EU’s official statistics body confirmed today. Read more: Euro rises as Eurozone economy shows stronger-than-expected growth GDP growth in the EU rose to 0.5 per cent quarter-on-quarter, after growing [...]
Cineworld maintains guidance as it looks ahead to bumper slate of films May 15, 2019 Cineworld has said it is on track to deliver full-year revenue in line with expectations, as it looks ahead to a string of hit releases later in the year. The London-based cinema chain posted a 9.4 per cent drop in revenue over the first quarter, which it blamed on the timing of major releases such [...]
Landsec: A tale of two portfolios May 14, 2019 Investors trying to work out what the future holds for property giant LandSec, which delivered a dismal set of results to the City this morning, could do worse than take a stroll through its Square Mile development. The complex, aptly named One New Change, is a fitting example of how the FTSE 100 real estate [...]