Strike action hits Central Line and Waterloo & City Line with no service running all day October 5, 2018 The Central Line is out of action today due to industrial action, with the strikes affecting the Waterloo & City Line too. The 24-hour strike will continue until mid-morning Saturday, leaving commuters to rethink their journeys into work today. There will be no Night Tube on the Central Line either. Transport for London (TfL) has [...]
Unilever scraps proposals to leave London headquarters October 5, 2018 Unilever has abandoned plans to leave its UK headquarters and move its primary listing to the Netherlands. The maker of Dove soap, Lynx and Marmite cited a lack of investor support today for its decision to scrap plans to make Rotterdam its sole HQ, ditching its London offices. Legal & General Investment Management, Schroders and M&G Investments [...]
Someone’s redesigned London’s Tube map to show what salary you need to afford a flat at any station October 4, 2018 Have you ever wondered how much you’d need to earn to buy a flat in London? Then fear not – Totally Money has redrawn London’s Tube map to help you on your way – or entirely crush your home owning dreams, more likely. Read more: Millennial home ownership slides as affordability crisis worsens Even if [...]
Ocado claims the FTSE 350 crown while Indivior takes a kicking October 2, 2018 Online supermarket Ocado has claimed the top spot in the FTSE 350’s best performers so far this year just months after sealing its place as a FTSE 100 player, with shares soaring after a swathe of new licensing deals. Shares in Ocado have rocketed 126 per cent since the start of 2018, as the firm [...]
The Brolly and the Ivy: New Ivy restaurant prepares to open in Canary Wharf with heist-themed launch October 2, 2018 The latest instalment of Richard Caring’s Ivy Collection has opened for bookings, marked by a theatrical dance stunt themed around heist film The Thomas Crown Affair. Actors in bowler hats twirled umbrellas and danced to mark the upcoming launch of The Ivy in The Park, a new all-day dining brasserie at Canada Square, Canary Wharf, [...]
UK house prices show modest growth for September October 2, 2018 UK house prices grew two per cent year on year for September, according to new figures released today, but London house prices declined. Homes in the capital fell by less than one per cent compared to the same period of 2017, Nationwide reported today, against a fairly stable picture for the whole of the UK. [...]
Losses take a bite out of Deliveroo buzz but revenue soars amid global expansion October 1, 2018 Deliveroo’s pre-tax losses widened despite another year of booming sales in 2017, in a sign of the firm’s ambitions to bear the brunt of short-term losses for a greater slice of the UK’s increasingly competitive food delivery market. Losses before tax hit £184.7m in the 12 months of 2017, slumping from £129m the year before, with [...]
English National Opera defends bottled water ban after punters sneak vodka into shows October 1, 2018 Both are known for giving people headaches and have strong associations with Russia, but fans are now allegedly mixing opera and vodka – sneaking the latter into the former by “decanting” the party-friendly spirit into water bottles – according to the chief executive of the English National Opera (ENO). Stuart Murphy said some patrons were “decanting [...]
Responsible business isn’t a fad – it’s at the heart of how the City operates October 1, 2018 Being a responsible firm is now an essential part of everyday business for many companies, with this ethos engrained in the culture, purpose, and day-to-day activity, rather than as a separate initiative. This is a great step forward from the picture 10 years ago – and progress is continuing. Last week was a big week [...]
How London can fend off the European hotspots vying for its fintech crown October 1, 2018 Flash back to the immediate aftermath of the Brexit vote. “London has committed suicide as a leading fintech centre,” tweeted Traxpay, a German payments platform. Catchy advertising urged startups to “keep calm and move to Berlin”. Read more: Meet the startups in the Treasury-backed Tech Nation fintech accelerator Over two years later, and it’s French [...]