Raising the roof: Bank Tube station upgrade reaches major milestone September 12, 2019 The upgrade project at Bank Tube station reached a major milestone this week as work was completed on the roof of the new entrance on Cannon Street. Read more: Tube drivers threaten disruption on Jubilee, Central, Northern and Victoria lines over noise levels Transport for London (TfL) said workers had “topped out” the new roof, [...]
Analysis: Could HKEX’s shock £32bn grab for London Stock Exchange actually succeed? September 11, 2019 Talk about a blockbuster day in the City. Investors expecting a quiet morning were caught off guard when the London Stock Exchange received a shock £32bn offer from Hong Kong Exchanges and Clearing (HKEX). Read more: Hong Kong bourse makes audacious £32bn offer for London Stock Exchange The bid, which puts the LSE’s own £20bn acquisition [...]
Police hunt City cyclist who headbutted pedestrian ‘in moment of unexplained rage’ September 10, 2019 A cyclist who ran a red light in Canada jumped off his bike to headbutt the pedestrian he nearly collided with. Read more: Canada introduces rules to tackle wind-inducing skyscrapers Police say the cyclist attacked the passerby “in a moment of unexplained rage”, and have appealed for the public’s help [...]
Tube delays: Disruption strikes Circle, Hammersmith & City and Metropolitan Lines September 10, 2019 Severe delays are affecting three London Underground lines today as commuters face a difficult journey into work. Read more: Northern Line suspension causes day of misery for Tube commuters The Circle Line, Hammersmith & City Line and the Metropolitan Line all suffered disruption in this morning’s rush hour as Transport for London (TfL) advised commuters [...]
Mace tasked with building £480m first phase of Nine Elms development September 9, 2019 Construction firm Mace has been tasked with building three towers as part of the major redevelopment of land next to the US embassy at Nine Elms. The contractor will be in charge of the first phase of the Nine Elms Square project, which involves building the towers as well as a podium for retail and [...]
As politicians argue over the EU, the City is poised and ready to trade with the world September 9, 2019 It has now been more than 1,150 days since the referendum on the UK’s membership of the European Union. Many in the Square Mile have understandably found this period of such prolonged uncertainty frustrating. While there have been many twists and turns in Westminster over the past week, it remains far from clear what will [...]
Nearly all British Airways flights cancelled as pilot strikes begin September 9, 2019 Almost all British Airways flights have been grounded this morning as pilots began a two-day strike action. Members of the British Airline Pilots’ Association (Balpa) working for BA have staged the mass walkout in a row over pay, with another strike planned for 27 September. Read more: British Airways tells passengers to stay away from [...]
London’s private sector growth outperforms rest of country in August September 9, 2019 Growth in London’s private sector slowed in August, but the capital outperformed the UK as a whole as new business, activity and employment all expanded. Read more: UK economy close to recession after stagnant services sector data Despite the expansion, companies’ overall confidence fell to a five-month low in August as Brexit uncertainty weighed on [...]
Boris Johnson’s former advisor Gerard Lyons misses Bank of England governor shortlist September 7, 2019 The former economic advisor to Prime Minister Boris Johnson has failed to make the final shortlist to become the Bank of England’s next governor. Gerard Lyons had been the favourite to take over from Mark Carney due to his personal relationship with Johnson, but the Treasury have deemed him unsuitable for the role, according to [...]
Chuka Umunna denies ‘opportunism’ in switching to Canada parliamentary seat September 6, 2019 Lib Dem MP Chuka Umunna has denied that switching his parliamentary seat to the Cities of London and Westminster constituency is opportunistic. Umunna announced he would contest the Tory flagship seat at the next election, having represented people living in Streatham in south east London for the last nine years. Read more: Ex-Labour MP Luciana [...]