Transport secretary turns off London Euston’s giant ad board October 4, 2024 The government and Network Rail have launched a major review of London’s Euston station, as its giant ad board is turned off with immediate effect. It acknowledged that longer-term change is needed but put forward a five-point plan in the interim. In a statement today, the government and Network Rail said Euston is an “outdated [...]
Barratt Redrow merger given greenlight by competition watchdog October 4, 2024 The competition watchdog has given its final clearance for the merger of housebuilders Barratt and Redrow. The Competition and Markets Authority (CMA) launched an investigation into the proposed £2.5bn deal in June after it was first announced in February. The deal was completed in August without regulatory approval after the CMA suggested there were reasonable grounds to believe [...]
The Debate: Are there too many podcasts? October 3, 2024 Is it time to take the airpods off and talk to people in real life?
Canary Wharf unveils ‘urban oasis’ in historic partnership with the Eden Project October 2, 2024 Canary Wharf has unveiled a groundbreaking biodiversity scheme with the Eden Project, as the banking district goes green to improve workers’ experiences. The first-of-its-kind Eden Dock was unveiled on Wednesday, with the Canary Wharf Group (CWG) describing it as an “urban oasis”. The partnership will improve biodiversity in the area and offer more touch points [...]
City of London elects veteran financier as next Lord Mayor September 30, 2024 A financial services and asset management veteran has been elected as the 696th Lord Mayor of the City of London, and will take up his post in November. Alderman Alastair King will serve as the Square Mile’s global ambassador, taking up the historic role on 8 November, succeeding Professor Michael Mainelli. King will assume his [...]
Harland & Wolff: Titanic shipbuilder calls in administrators September 27, 2024 Historic Titanic shipbuilder Harland and Wolff has called in administrators and said it was preparing to cut jobs today after falling into insolvency for the second time in five years. The administration process is confined to the 162-year-old holding company while its subsidiary firms, including its prized Belfast shipyard, will continue to trade under the [...]
Government hits back at ‘false’ claim Sue Gray ‘declined’ to be paid less than Starmer September 18, 2024 The government has hit back at claims that top civil servant Sue Gray declined to be paid less than the prime minister. The BBC reported today that Gray is now paid more than Sir Keir Starmer, citing one unnamed source saying: “It was suggested that she might want to go for a few thousand pounds [...]
US employment up after disappointment last month as interest rate cut awaits September 6, 2024 A key indicator for the health of the US economy has come in at a disappointingly stagnant rate, as experts mull over whether it could tip the balance of a recession, or impact the recent indication of interest rate cuts. The US Bureau of Labor Statistics released in monthly figures this afternoon, showing the number [...]
Nationwide to complete £2.9bn takeover of Virgin Money after FCA and PRA approval September 6, 2024 Nationwide is to complete its £2.9bn takeover of rival Virgin Money next month after the deal was given the green light by the UK’s financial regulators. The banks said in statement issued to the London Stock Exchange that the Financial Conduct Authority (FCA) and the Bank of England’s Prudential Regulation Authority (PRA) have both approved [...]
Future of Rosebank in doubt as UK drops challenge to judicial review August 29, 2024 The future of Britain’s largest untapped oil field, Rosebank, has been thrown in to doubt after the new government said it would not challenge a judicial review. The decision affects the field which is just off the Shetland Islands, as well as Jackdaw, another untapped site 150 miles east of Aberdeen. Legal challenges against the [...]
