Londoners are happy to pay £15 daily congestion charge to improve air quality and transport in the capital April 19, 2016 Mayor of London Boris Johnson has warned that his successor, no matter who it is, will have to raise the congestion charge. Currently standing at £11.50, Johnson has said that the next mayor will have to increase this or introduce "smart charging" at peak times, especially if they want to introduce schemes such as pedestrianising [...]
Brace yourselves: According to The Writer this is going to be the defining business word of 2017 December 24, 2016 It's not long now before we'll be popping champagne, ushering in 2017… and dealing with a fresh new batch of business jargon. While "post-truth" may have becoming the defining overall word of 2016, at least according to Oxford Dictionaries, for the business crowd the catchphrases are usually a bit stuffier and, let's face it, a [...]
Zara owner Inditex to slow down store openings as consumers shift online March 9, 2016 Inditex shares rallied this morning after the world's largest fashion retailer posted a strong start to the year and said it will be slowing down the pace of store openings as consumers shop increasingly online. The Zara and Massimo Dutti owner said it plans to grow store space by six to eight per cent in the coming year compared with eight per cent [...]
The first 100 days: What the new mayor of London needs to do to hit the ground running May 6, 2016 By the time today’s edition of City A.M. hits the streets, Londoners will have voted for their new mayor. With no overnight count, we are in a tantalising no-man’s land between the polling stations closing and the results being announced. By any measure the mayor’s in-tray is going to be full. From housing to transport, new [...]
Here are all the rail and station closures in London over Christmas October 31, 2016 Brace yourselves, commuters. There have been many headlines about incoming Christmas travel chaos, and now Network Rail has announced major station closures as an extensive programme of rail improvements goes ahead, it looks like there'll be a few more yet… Read more: Could Network Rail have to go cap in hand to the government? Rail [...]
Great Portland Estates hails strong lettings demand despite fears over Brexit February 10, 2016 Great Portland Estates said strong demand for its offices helped it to strike another 15 lettings in the third quarter despite increasing uncertainty ahead of the EU referendum. The West End-focused developer has had a busy three months after signing Italian fashion giant Benetton to its flagship store at 73-89 Oxford Street and leasing the last two remaining floors at 240 Blackfriars [...]
New Look adds to regeneration of east end of Oxford Street March 4, 2015 FASHION retailer New Look is to open a flagship store at the east end of Oxford Street, helping to drive further change at the notoriously dowdy end of London’s largest shopping street. Property firm Great Portland Estates said yesterday that it has pre-let a third of its huge 90,500 square feet development at 73-89 Oxford [...]
Office boom fuels rise in profits at workspace provider Regus March 1, 2016 Regus shares climbed higher yesterday after the workspace provider posted a 67 per cent jump in annual profits and hiked its dividend. The company, which has over 2,700 centres across across 977 towns and cities worldwide, reported pre-tax profits of £145.7m in 2015, on sales up 15.9 per cent to £1.9bn. Underlying earnings per share rose by 51 per [...]
From the best US barbecue restaurants to the Senior Bankers’ Regime: What got you reading this week March 11, 2016 1. US barbecue restaurants City A.M. readers are clearly experiencing wanderlust: our US roadtrip sampling 32 of the US' most mouth-watering barbecue restaurants stormed to the top of our rankings this week. Find out where was finger-lickin' good here. 2. Another supermarket sweep Asda and Morrisons' share of of the market fell further this week – while sales at [...]
Driverless cars have officially hit the UK’s roads for the first time October 11, 2016 Watch out Google and Uber – driverless cars are about to hit the roads of the UK and they've been created by our very own homegrown tech expertise. The pod-like vehicles will be tested on the roads of Milton Keynes for the first time today, in the latest breakthrough in the government's ambitious driverless car strategy. After 18 months [...]