London’s new cycle lanes are causing traffic chaos, says transport secretary October 19, 2020 An influx of new cycle lanes in London and across the country has led to increased traffic congestion, according to transport secretary Grant Shapps. Shapps has written to local council leaders, warning them that badly designed road closures and new cycle lanes were causing havoc for communities and that he “would not be prepared to [...]
Sunak extends Covid loan relief after BoE says £22bn may never be repaid February 5, 2021 Rishi Sunak to extend Covid loan relief with longer repayment time for small businesses
John Lewis to convert almost half of Oxford Street store into offices October 28, 2020 John Lewis has been given the green light to convert almost half of its flagship Oxford Street department store into office space amid turmoil for the UK’s retail sector. Westminster City Council last night granted the high street store conditional planning permission to transform three to eight floors into dual-use space. The local authority voted [...]
Treasury rebuffed TfL bid for Piccadilly line funds in spending round September 22, 2019 Transport for London (TfL) asked the government for funds for the Piccadilly line signalling upgrade in the recent spending round but was left empty-handed, City A.M. understands. TfL is said to be disgruntled at the lack of funds it received from the Treasury in the recent one-year spending round announced by chancellor Sajid Javid earlier [...]
John McAfee found dead in his Spanish prison cell June 23, 2021 Computing legend John McAfee has been found dead in his prison cell – just weeks after his devoted wife said her husband faced dying behind bars.
The metaverse allows us to embrace ch-ch-changes December 9, 2021 It's time to relax and just go along with the flow of it all - the metaverse is in good hands, says Dr Chris Kacher.
Data-hungry fintech firms urge FCA to ‘break’ banks this year January 2, 2021 A coalition of London startups is calling on the Financial Conduct Authority to end the dominance of banking institutions over the use of consumer data this year. The firms argue it would increase competition in the savings, credit, mortgages and pensions markets. The Coalition for a Digital Economy (Coadec), an advocacy group that represent a [...]
UK to increase sentence for market abuse in post-Brexit financial regulation October 21, 2020 The UK is planning to increase the maximum prison sentence for market abuse from seven to 10 years, as the government sets out a roadmap for financial regulation after the end of the Brexit transition period. The government is also proposing introducing “more proportionate” regulation of investment firms and giving the City watchdog greater powers [...]
Spac-tacular: The City welcomes overhaul of stock market listings March 3, 2021 The US phenomenon of Spac listings could soon make its way to the City after a government-backed report called for widespread reform in the stock market. Lord Jonathan Hill’s report into London’s listing requirements called for regulators to allow blank-cheque vehicles to list in the capital as well as to ease other listing restrictions. It [...]
Which equity sectors can combat higher inflation? March 31, 2021 Some investors are worried that inflation is set to rise. We look at which equity sectors could prove to be the most resilient. The sharp rise in bond yields over recent weeks has rattled equity markets amid fears that fiscal stimulus and a post-pandemic spending splurge could stoke higher inflation. Five-year inflation expectations, as measured [...]