West End property giant Shaftesbury posts ‘resilient’ retail demand ahead of investor showdown February 8, 2019 London landlord Shaftesbury said this morning that demand for retail space had been resilient over the crucial Christmas trading period, with consumers continuing to visit bars and restaurants in the firm’s West End portfolio during the festive season. The FTSE 250 group, which is bracing itself for a shareholder showdown at its Annual General Meeting (AGM) [...]
The City marks the sacrifice of World War II heroes May 5, 2020 This Friday at 3pm I’ll be joining millions of people across the UK and world in raising a glass to toast the heroes of World War 2, as we mark the 75th anniversary of VE Day. At the forefront of my mind of course will be the incredible Colonel Tom Moore, a man who continues [...]
Sadiq Khan refuses to rule out another fares freeze if he is re-elected as mayor in 2020 January 8, 2019 Sadiq Khan has refused to rule out freezing fares if he wins a second term as London mayor in next year's election. Khan was asked by the London Assembly transport committee chair Caroline Pidgeon whether he would look at freezing fares again if he was re-elected as mayor. Khan replied: "You'll have to watch this space. [...]
Exclusive: Square Mile veteran Joe Nally looks back on 45 years in the City February 25, 2021 Tomorrow, Joe Nally will retire from Cenkos Securities, a firm he co-founded 18 years ago, after a career of more than 45 years in the City. Nally, who was previously a partner at Williams De Broe, is one of the few remaining individual members of the International Stock Exchange of London who is still working. [...]
New Crossrail boss to be paid £45,000 more than predecessor Simon Wright amid ongoing project troubles November 14, 2018 Incoming Crossrail boss Mark Wild is set to earn £415,000 – a £45,000 increase on the earnings of his predecessor, Simon Wright. Wild, the current managing director of the London Underground, will retain his Transport for London (TfL) salary of £285,000 on top a non-consolidated allowance of £130,000 for his role as Crossrail CEO. He [...]
HS2 releases CGI images of Old Oak Common station design February 5, 2019 HS2 has released a batch of images showing what the Old Oak Common interchange will look like once the high speed railway opens in 2026. HS2 says the interchange will create 65,000 jobs and 25,500 homes when it opens. It is set to become the best connected rail station in the UK, offering connections to the £17.6bn [...]
No end in sight for Crossrail fiasco as budget overshoot could surpass £1bn September 2, 2018 Crossrail's budget overshoot could surpass £1bn as the flagship project works towards a new 2019 deadline. Last week it was confirmed that the £15.4bn Elizabeth Line, which stretches from Reading and Heathrow in the west to Shenfield and Abbey Wood in the east, has been delayed by almost a year over safety issues and will now [...]
Crossrail boss refuses to give railway opening date but ‘very much wants’ 2020 launch March 6, 2019 Crossrail's new chief executive has refused to confirm any date for when the railway will open, saying only that the company "very, very much wants to get this done in 2020". Addressing Westminster's Public Accounts Committee (PAC) today, Mark Wild said Crossrail's next update, due in April, would provide a "window" of opening dates rather [...]
London Assembly accuses Sadiq Khan of ‘incompetence’ over Crossrail delay November 9, 2018 London mayor Sadiq Khan has been accused of showing "incompetence" in his handling of the delay to the £15.4bn Elizabeth Line. The London Assembly's transport committee branded Khan's response to a letter it wrote in October – in which it accused the mayor of misleading the public about the delay – as "wholly unsatisfactory". On 31 August Crossrail announced [...]
Government hands out £350m loan to keep delayed Crossrail project going October 26, 2018 The Government has rushed to the aid of the delayed Crossrail project with a £350m short-term loan to keep work on track. Transport for London (TfL) announced the loan on Friday, which it said was needed to continue construction work on the delayed Elizabeth line. In July the rail minister Jo Johnson announced that the [...]