HS2 reveals Old Oak Common station design February 19, 2020 HS2 has unveiled its new designs for its planned passenger super-hub at Old Oak Common in west London, which will serve 250,000 passengers per day. The plans for the new hub, which were submitted for planning approval today, are part of a wider regeneration project for Old Oak and Park Royal, which will see the [...]
Audit resignations jump as sector faces regulatory pressure February 3, 2020 The number of audit firms to resign from jobs jumped last year as the sector comes under increasing regulatory pressure. Resignations have risen 21 per cent to 229 in 2018/19, up from 190 the previous year, according to the latest research by Thomson Reuters. The spike in resignations comes as audit companies are increasingly in [...]
Government set to announce new post-Brexit freeports February 9, 2020 The government will tomorrow announce a consultation on the creation of up to 10 freeports across the UK as the country prepares to leave the EU. The government said it aimed to announce the location of the new zones at the end of this year so they can be open for business in 2021. Chief [...]
Boris Johnson calls on public to crowdfund Big Ben Brexit bongs January 14, 2020 Boris Johnson has urged the public to chip in to a crowdfunding campaign so that Big Ben can ring out to celebrate the UK’s departure from the EU. The Prime Minister called on Brits to “bung a bob for a Big Ben bong” after it emerged that the projected costs of the celebratory chimes had [...]
Sadiq Khan eyes power to implement rent controls in campaign launch March 3, 2020 Sadiq Khan will launch his re-election campaign today by pledging to win powers to implement rent control in London if he is returned to the top job. Launching his campaign at a Hackney housing estate today, Khan will say that his victory would represent an “undeniable and irresistible” mandate to enforce rent controls – a [...]
TfL releases designs for temporary Hammersmith Bridge March 9, 2020 Plans to build for a temporary cyclist and pedestrian bridge alongside the partially closed Hammersmith Bridge have been unveiled by Transport for London (TfL). The temporary bridge would allow the Hammersmith Bridge, which has been closed to traffic since April, to completely shut in order to prepare for restoration works. The temporary structure would provide [...]
British Land scraps dividend and defers £40m in rent March 26, 2020 British Land has suspended its dividend and will defer £40m in rents this quarter and spread repayment in response to the coronavirus outbreak. The firm is deferring March quarter day rents and spreading repayment over the six quarters from September 2020. The financial impact of this is expected to be £40m. The company added it [...]
Profit tumbles at retirement specialist McCarthy & Stone January 28, 2020 Profit at UK retirement home-builder McCarthy & Stone dropped sharply last year against the backdrop of “a challenging market” and costs related to a new strategy, the firm announced today. Shares in the company were up 0.5 per cent in morning trading at 154.6p, however, indicating that investors were anticipating weak results. The figures Profit [...]
Ofgem says it will cut National Grid’s Hinkley Point C funding by £80m October 15, 2019 Energy regulator Ofgem said today it would give National Grid £636m to build the transmission line for the Hinkley Point C nuclear plant, lower than the £717m requested by the company. Ofgem said it rejected £40m in risk funding that National Grid has requested. The regulator said National Grid may be able to seek extra [...]
Ocado to build sixth warehouse as online grocer accelerates growth November 28, 2019 Online supermarket Ocado has announced it will build a sixth warehouse in the UK as it ramps up its growth plans. The new warehouse in Bristol will be the company’s first “mini” customer fulfilment centre, with the capacity for more than 30,000 orders per week compared to the 85,000 orders per week expected at the [...]