City Moves: Who’s switching jobs in the Square Mile this week? March 3, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Knight Frank Property consultancy Knight Frank has appointed a new head to lead sales in St John’s Wood. Also joining as partner, Neir Gigi brings over 23 years’ experience from across central and northwest London property markets. Gigi, who joins the [...]
Retail recovery in ‘sweet spot’ last month as cost of living could discourage shoppers March 3, 2022 High street experts were pleasantly surprised at the robustness of retail footfall last month, but have warned the cost of living crunch may soon deter shoppers. Footfall strengthened a little in February over the month as a whole, to -20.7 per cent below pre-pandemic levels, from -20.8 per cent in January, according to retail experts [...]
Clock ticking on Roman Abramovich after he puts Chelsea up for sale March 2, 2022 Chelsea owner Roman Abramovich has put the Premier League club up for sale – but faces a race against time to find a buyer amid the continued threat of sanctions. Abramovich has hired US bank the Raine Group to advise on a deal and is believed to want £3bn for the reigning European champions, who [...]
Revenue soars for London estate agent Foxtons as ‘hustle and bustle of city life’ returns March 2, 2022 London estate agent Foxtons has posted buoyant revenue of £126.5m, up on pre-pandemic levels. The company reported revenue up 35 per cent against 2020 and up 18 per cent against 2019, in financial results published on Wednesday. The boosted results come as renters have flocked back to London with the scrapping of Covid restrictions. The [...]
London Underground staff ask Londoners to stay away until afternoon with fresh tube strike tomorrow March 2, 2022 London Underground services continued to be disrupted on Wednesday, after a strike by thousands of workers crippled the Tube on Tuesday. Members of the Rail, Maritime and Transport union (RMT) are taking industrial action in a bitter dispute over jobs, pensions and conditions. The Tube was suspended during Tuesday’s rush hour, with only a few [...]
Grant Shapps expresses frustration at London tube strikes March 1, 2022 Transport secretary Grant Shapps expressed today its frustration at the today’s Tube strike, which has created havoc across the whole of London. Shapps urged London mayor Sadiq Khan and Transport for London (TfL) to resolve the dispute with the National Union of Rail, Maritime and Transport Workers (RMT) as soon as possible, while calling on [...]
Belarus joins invasion of Ukraine as troops cross border while 40 mile long Russian convoy nears Kyiv March 1, 2022 Mad March begins in Moscow: ICC to open war crime probe while Shell pulls $3bn out of Russia and Ukraine applies for EU membership.
‘This city becomes unlivable’ say angry Londoners hit by severe transport disruption due to another tube strike March 1, 2022 Londoners said the capital is “becoming unlivable” as strikes across the Tube network left them travelling for hours to get to work. Transport for London announced that all Underground lines would be suspended today as Tube workers stage industrial action against pay and working conditions. John Rayner, 28, a construction worker who was waiting for [...]
Opinion-in-brief: Stay at home at the slightest inconvenience March 1, 2022 Today there will be the first full tube strike since 2017, as 10,000 RMT workers walk off and all London Underground lines stop running. Instead of directing people to find other ways to get to work, Transport for London told people to stay at home. Part of the problem facing the transport network is a [...]
Letters: A priceless ofgem? Don’t scrap us, says CEO March 1, 2022 [Re: Is it time for Ofgem to head to the scrapheap? Feb 24] This article underplays both the history and the current circumstances affecting the energy market. In 2010, the market was dominated by a small number of large vertically integrated players without pricing regulation. For customers, this meant systemically high prices and poor service [...]