Iran admits ‘unintentionally’ shooting down Ukrainian plane January 11, 2020 Iran has accepted that it was responsible for shooting down a Ukrainian jet and killing all 176 people on board for the first time. President Hassan Rouhani said an investigation had found that “missiles [were] fired due to human error”. He said it was an “unforgivable mistake”. Read more: West blame Iran missile for shooting [...]
Outernet signs deal for ‘world’s largest’ LED screen deployment November 18, 2019 Outernet, a new immersive advertising and live entertainment space under construction in central London, has secured a deal to install the world’s largest deployment of LED screens. Outernet today said it has signed an agreement, understood to be worth millions of pounds, with Chinese display manufacturer AOTO to provide 8K, 360-degree floor-to-ceiling screens. Read more: [...]
London house prices rose twice as fast as the rest of UK in 2010s January 7, 2020 London house prices rose twice as fast as the UK average during the 2010s, a new report has shown, notching up a 66 per cent growth rate that was far faster than any other region. In the country as a whole, the average house price rose 33 per cent over the last decade as it [...]
London calling: Why it’s time to bring life back to our city’s streets August 10, 2020 Despite a tentative easing of the national lockdown, the lingering economic and social consequences of this policy are frighteningly obvious to anyone venturing into central London. While social life and economic activity has, to a large extent, returned to the outer zones and suburbs, the offices and shops of London’s professional districts remain eerily and [...]
Capco to become real estate investment trust after completing £425m Earls Court sale December 2, 2019 Capital and Counties will officially become a real estate investment trust (Reit) this year after selling off its vast Earls Court development site. The FTSE 250 property giant said it is now a “prime central London property investment business centred around Covent Garden” after officially completing the sale of its stake in Earls Court to [...]
‘Dirty business’: Rail firms will still be dumping raw sewage on the line next year November 3, 2019 Rail operators have been forced to backtrack on a promise to stop the “dirty business” of dumping excrement on tracks by the end of the year. Network Rail and a number of train companies have admitted the 2017 promise – to stop using carriages whose toilets flush sewage directly onto the track by the end [...]
This is a political renaissance — but can British business adapt? December 17, 2019 “A horse, a horse, my kingdom for a horse.” As history buffs will know, the Battle of Bosworth Field didn’t work out well for Richard III, and with it the last of the titanic struggles of the War of the Roses. Described by Shakespeare as “the one big battle”, this event was to finally settle [...]
CAA website besieged by angry drone pilots ahead of registration deadline November 29, 2019 Thousands of UK drone pilots could face a fine of £1,000 if they fail to register their details with the Civil Aviation Authority (CAA) by the end of today. Drone users blasted the regulator on Twitter today, complaining that its website was repeatedly crashing as users rushed to register. Twitter user Toby Stripp said: “@UK_CAA [...]
City Moves for 21 January – Who’s switching jobs at Grosvenor, UHY Hacker Young and Bfinance? January 21, 2020 Today’s City Moves includes Grosvenor, UHY Hacker Young and Bfinance Grosvenor Property firm Grosvenor has announced the appointment of Tor Burrows as director of sustainibility and innovation — a new role designed to galvanize delivery of our environmental goals for 2030 which will see the business become net carbon zero. Tor will sit on the [...]
Storm Ciara latest: Man dies after tree hits car February 10, 2020 Please update this page manually as we update it with the biggest Storm Ciara news. 3:40pm: 98 per cent of 413,000 homes have power restored UK Power Networks have announced that they have reconnected 98 per cent of the 413,000 homes that were without power due to the impact of Storm Ciara. It added that [...]