Transferwise announces partnership with UK challenger bank Monzo on international money transfer June 25, 2018 Challenger bank Monzo has announced a partnership with fintech unicorn Transferwise on international payments. It marks the second big tie-up for Transferwise in recent weeks, after confirming it was working with France's second largest bank BPCE Groupe. Today, the companies said the partnership will mean Monzo customers can make international payments after the challenger bank [...]
HS2 plans to create an ‘unprecedented’ green corridor alongside the railway creating a network of woodlands with 7m new trees June 25, 2018 HS2 has announced plans to deliver an "unprecedented" green corridor to run alongside the £56bn high-speed railway, to create a network of environmental projects from the capital to the north of England. The corridor will have new wildlife habitats, native woodlands and community spaces amid efforts to integrate the new railway into the surrounding landscape. [...]
Fire at block of flats in Battersea under control and no injuries reported after 10 fire engines attend the scene June 23, 2018 A fire that broke out a block of flats in Battersea today is now under control, the London Fire Brigade has said. Ten fire engines were called to the blaze at Queenstown Road with 72 firefighters at the scene, and the cause of the fire has not yet been identified. A balcony on the sixth [...]
These have been named the 10 top chief executives in the UK by employees June 20, 2018 Sky Betting and Gaming's Richard Flint has been crowned the top chief executive in the UK in job site Glassdoor's employee choice awards. The list compiles the top bosses in the UK based on the input of staff providing anonymous feedback reviewing their chief executive's leadership, along with insight into their job and work environment [...]
Capita offloads Supplier Assessment Services to bring in £160m and confirms MoD contract win June 19, 2018 Outsourcing giant Capita said today it will raise £160m from the sale of its Supplier Assessment Services business to funds affiliated with private equity firm Warburg Pincus. It has agreed to sell the business, which includes Constructionline, in a deal expected to be tied up at the beginning of next month. Separately, the company confirmed [...]
CYBG and Virgin Money agree £1.7bn takeover with Virgin Money boss Jayne-Anne Gadhia stepping down from chief exec role June 18, 2018 The owner of Clydesdale and Yorkshire banks, CYBG, confirmed this morning it had agreed a £1.7bn tie-up with Virgin Money, which it said will create "the UK's first true national banking competitor to the status quo". The terms of a recommended all-share offer have been agreed, and based on the closing price of 306p per [...]
Mapped: The risers and fallers of London boroughs ranked on house price growth so far this year June 18, 2018 London house prices had annual growth of 2.9 per cent, according to the latest Your Move figures for April, marking the lowest rate since March 2012. Prices fell on a monthly basis – dipping 0.3 per cent – taking the average house price in London to £636,947. The latest figures show a number of London [...]
Siemens Mobility lands £1.5bn TfL contract to design and make new Piccadilly Line trains June 15, 2018 Transport for London (TfL) has announced that Siemens Mobility has landed a £1.5bn contract to design and build the next generation of Tube trains for the Piccadilly Line. The capital's transport body said 22 UK suppliers had been identified in the bid to potentially work with Siemens Mobility on the build of the trains. The [...]
Incomplete journeys on the Tube could become history as TfL allows passengers using contactless to get payment updates on the go June 15, 2018 Incomplete journeys on the Tube could soon become a thing of the past for passengers with a penchant for contactless. Transport for London (TfL) has announced this morning that customers can now check their contactless journey history using their phone on the go, with real-time updates on the TfL app. Half of all Tube and [...]
Govia Thameslink Railway chief executive Charles Horton resigns after ‘huge frustration’ caused by train timetable troubles June 15, 2018 The boss of Southern rail parent company Govia Thameslink Railway (GTR) Charles Horton is stepping down, it was announced today. Horton said: I recognise that passengers have been hugely frustrated at the significant disruption caused by the introduction of new timetables. It is the right time to hand leadership of GTR to a new pair [...]
