Entries from Londonist tagged with 'finance'
October 31, 2008
The main athletics stadium for the 2012 Games is years away from completion, yet the project's post-2012 fate has suffered more slings and arrows of outrageous rumour than your average Fawlty Towers cast member's granddaughter. Stories that it could become West Ham's new home, see its seats shipped to the 2016 host city, or even be demolished, have all been given a thorough airing and then sent back to the dry cleaners. IOC big......
Continue Reading "Stadium Fantasium "October 13, 2008
On Sunday, Wood Lane station on the Hammersmith & City line opened. The first station built on an existing section of the Tube for over 70 years, Wood Lane sits between Latimer Road and Shepherd's Bush Market, and lies a Blue Peter badge's throw away from Television Centre. The station is another piece in TfL's plan for ferrying the monied classes to Westfield, joining the all-new Shepherd's Bush Overground station, a refurbished Shepherd's Bush Central......
Continue Reading "Wood Lane Station Opens"September 26, 2008
Yesterday the Church condemned them. Today the Teacher Training and Development Agency are preying on them in their weakened, godforsaken state, trying to lure city workers to the education sector with the promise of a safe employment haven after their traumatic experiences losing hugely well paid, glamorous jobs in finance. The TDA have surmised that a marked increase in hits on their recruitment website equals panicked traders plumping for major career change, mistakenly thinking......
Continue Reading "City Workers For Schools?"September 18, 2008
For a minute there it appeared we were on the brink of apocalypse. Then it seemed OK. Then we were back to searching for clean underwear. And repeat. It's been a busy few days for London's financial markets, and it might not be over yet. It seemed in August that the worst of the credit crunch was behind us and the problems ahead were more straightforward issues of the business cycle and housing market.......
Continue Reading "Recessionist IV: In Lehman's Terms"August 6, 2008
If you spot a gaggle of wedding-suited lads and ladettes marching Canary Wharf way this afternoon, fear not: it's no open casting call for hilarious new Steve Martin - Diane Keaton vehicle Father Of The Bride 3: Groomsday, but it is in fact a protest by narked newlyweds, angered by the closure of wedding gift merchants Wrapit, which called in administrators earlier this week. Some 2,000 couples, and around 100,000 guests, lost out when......
Continue Reading "The Bride Stripped Bare By Her Bank, Even"July 22, 2008
In today's tale of Olympic overspend: it seems a clutch of consultants, hired to wrestle the budgetary reigns and keep costs under control, have trousered some £87 million in the process. According to a government report, the consortium CLM, a regular Olympic opportunist which has found work helping the Sydney and Beijing Games, was appointed to oversee a number of construction projects and ensure that costs were managed diligently. Yet that remit didn't preclude......
Continue Reading "More Questions Over Olympic Spending"April 18, 2008
Has the final wheel come off Boris Johnson’s 'New Routemaster' policy? The good thing about it was that it came with a promise to restore conductors to the routes currently served by the bendy buses Johnson wants to replace: a bus with a conductor is a friendlier bus, a friendlier bus is a safer bus and so on. Problem is, Johnson has no grip on the economics of the plan, even weeks after he first......
Continue Reading "Boris: The Outlay On The Bus Goes Round And Round"April 3, 2008
Well, not all of them, obviously. But the London launch of a US newspaper heavyweight, and a high-profile fundraiser for a Presidential candidate, has given us threadbare cause to run that rather glib headline. Moving on.... For London's business and financial elite, the pink pages of the Financial Times are the only thing to be seen reading on the morning commute to work. However, the FT's sturdy grip on matters monetary will be challenged......
Continue Reading "The Americans Are Coming"February 19, 2008
One of the reasons our economy could be in a real mess this year is that the price of basic stuff like fuel and food is going up fast. That means that it’s difficult for the central banks in Britain and Europe to justify lowering interest rates to encourage us to spend more — because spending would spur more inflation, which could get out of control. In developed countries, inflation is kind of like......
Continue Reading "Londonomics: Falafel Inflation "December 29, 2007
When this small bit of Londonist launched its IPO this summer, we had no inkling that the economy would soon be in very choppy waters. Since then we’ve seen a bank run, huge corporate losses, and grim warnings across the board. And yet somehow, bankers are still getting huge bonuses, people are still spending money they don’t have, and the rich-poor gap is getting wider and wider. All of this has left us quite......
Continue Reading "Londonomics: Hoping For A Moderate New Year "October 25, 2007
Welcome bach, David Juritz. This classical musician can add another string to his already well-tuned bow – as an ace fund-raiser. He has spent the last 4½ months fiddling his way around the world, not only to cover the costs of his 50 city, 24 country tour, but also to raise an impressive £24,000.00 for is charity, Musequality, which helps finance music education for children in poverty-stricken Columbia and aids-stricken Uganda. It has been shown......
Continue Reading "Welcome Bach - London’s Hero Busker"September 12, 2007
The fifth in our series of interviews with potential candidates for next year's Mayoral election. Previously: Victoria Borwick (Tory), Andrew Boff (Tory) and Warwick Lightfoot (Tory), Sian Berry (Green). Today: Liberal Democrat candidate Fiyaz Mughal. He's competing with fellow LDs Brian Paddick and Chamali Fernando to represent his party in next year's elections. Would you vote for him? Read his ideas below. Where do you live in London and what do you like best......
Continue Reading "Londonist Interviews: Mayoral Hopeful Fiyaz Mughal"May 15, 2007
It’s a surprisingly busy Wednesday night at the Soho Revue Bar for a new acts showcase, and Londoner Alice McLaughlin has her work cut out. Sandwiched between two certified oddballs — louche kimono-clad innuendo machine Antony Elvin and equal parts junkyard blues-ster/mad inventor Thomas Truax, Alice is that far from rare breed: a girl with an acoustic guitar. How do you stick in the audience’s minds in that company? Here’s how. It helps if......
Continue Reading "Londonist Live: Alice McLaughlin @ Soho Revue Bar"May 10, 2007
If people want something to look at while they are in hospital, ask them what they would rather see: a qualified nurse approaching with a fresh bedpan or a dramatic black and white photo of the local area. Neither are particularly appealing especially if you're recovering from surgery but it's an urgent interior decoration dilemma that Kingston Hospital is facing at the moment. In an email leaked last Friday to the London Health Emergency......
Continue Reading "£18k Photos for Kingston Hospital"May 4, 2007
A Hindu temple in Tooting may have links with the Tamil Tiger rebels. Our Lord and master, Tony Blair, has been given permission to renovate his property on Connaught Square. A train driver mistakenly told all the passengers over the Tannoy that she had run a red light. A former school finance officer has been found to have stolen hundreds of pounds of dinner money and charity donations. A teenager from Chiswick is one......
Continue Reading "Extra, Extra"December 20, 2006
The FBI have released ten pages of their 'Now That's What I Call Lennon' series: The FBI has released its final surveillance documents on John Lennon to a university historian who has waged a 25-year legal battle to obtain the secret files. The 10 pages contain new details about Lennon's ties to leftist and anti-war groups in London in the early 1970s, but nothing indicating government officials considered the former Beatle a serious threat,......
Continue Reading "Do You Want To Know A Secret?"September 15, 2006
Ever wondered how the financial services sector would cope with a bird flu pandemic? Well, we're about to find out... sort of. Next month more than 60 organisations from the financial services industry will take part in an annual 'simulation of a major crisis' exercise staged by finance industry regulators. Last year it was 'major operational disruption', this year it's sick chickens. Think of it as a kind of office christmas party with a......
Continue Reading "Pandemic On The Streets Of London"September 12, 2006
Ooo, our eyes are starting to glaze over. It must be the seemingly monthly news that Tube and bus fares are to go up again. On the definitive list of things inevitable, transport price hikes can now join death, taxes, and daily Diana exclusives in the Express. According to the BBC, from next year a Zone 1 journey will rise from £3 to £4. For short journeys, that’s comparable to current cab fares. Bus......
Continue Reading "Tube Fare Rises: Cheaper To Get A Cab?"July 3, 2006
Nickelodeon have announced that they are to develop a "a $30 million family film about kids who are inspired by the Olympics." And the name? Legend of the Rings. Jesus, we can almost hear the sound of the Tolkien estate readying their legal papers from here. We're also told that Legend of the Rings will focus on "children who are inspired to greatness by watching the games" and that it's inspired by...erm, 'Inspiration', the......
Continue Reading "2012 Olympics: The Movie"June 27, 2006
Oh no, not more sport! At the risk of sounding like a skipping CD, this is getting ridiculous. With Wimbledon added to the surfeit of sporting action on the small screen, there's even less room for actual, interesting programmes than ever. Summer of sport our collective arse (excluding our beloved sports desk of course!). Come, friendly clouds, and pour down rain on Wimbledon until the sexist pigs who run the thing are made to......
Continue Reading "TV Troll: Battle Stations!"May 26, 2006
A British terrorist cell talked about blowing up the Ministry of Sound because of all the 'slags dancing around' in there. Two men have been arrested in connection with the shootings in London on Wednesday evening. London TravelWatch want Ken to take over the running of all London's trains. It costs 5% more to 'live' in London than it did this time last year. The national average increase over a year is 1.8%. Good......
Continue Reading "Extra, Extra"April 5, 2006
Remember the American kids who were warned not to come to London in case it exploded? Sure you do. Well they find out tomorrow if the trip is still on: Fort Myers High band parents will vote Thursday on whether to send their children to London for its New Year's Day parade, a ballot that could result in a cease-fire in a war of words grabbing international attention. Lee County School Board members Tuesday......
Continue Reading "A place where terrorism has happened"January 31, 2006
Time again to dip into the Newsround site for a knee level look at what's happening in the world and what's on the mind of news conscious tykes this morning. Mostly as you'd expect it's Harry Potter. Outrage is the theme at the revelation that American kids will get the opportunity to own Harry Potter and the Goblet of Fire weeks before the homegrown fans: Warner Bros has confirmed the DVD will be out......
Continue Reading "Cry God for Harry andJanuary 11, 2006
London may get its very own live in LA cop, according to Bill Bratton. If you're travelling from Paddington station to Heathrow airport today then you might be voluntarily and randomly tested airport-style. Today is the first day for testing the new body scanners. Plans to rebuild St Bartholomew’s hospital (the oldest in London) have been put on ice because the Government has yet to sign off on the £1.15 billion Private Finance Initiative scheme.......
Continue Reading "Extra, Extra"November 18, 2005
- There's to be an 'informal' meeting (jeans and trainers allowed then) on Iran's nuclear program in London today.This was announced by the US yesterday after Tehran resumed nuclear fuel work. - EU regulations on noise pollution mean our clubs might get quieter. - Google has opened it's London 'Googleplex' at Belgrave House in Victoria. - Will the xmas light crapness never end? G4 turned on the Covent Garden lights last night. With a bit......
Continue Reading "Extra, Extra"October 13, 2005
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, and that London is, we admit, the coolest city on the face of the planet. So went the first draft of the US Declaration of Independence. Before old Jefferson got all enthusiastic with that red pen. We like to imagine. When it comes to the perennial and nonsense discussion about......
Continue Reading "London: By Far The Greatest Town The World Has Ever Seen?"October 11, 2005
Bubble opens with fresh ground being broken, but it's only when the camera pulls back that you realise it's a grave that's being dug. It's a loaded opening not only for the plot, but for what the film perhaps represents as an alternative to the mainstream (and indeed independent) movie distribution system. While the rest of Hollywood was running around like headless chickens and constantly coming up with new brain-dead ways to fight piracy......
Continue Reading "LFF Preview: BUBBLE and THEY CAME BACK"July 12, 2005
There's so much news information on last Thursday's attacks flying around at the moment that we thought it might be a good idea to provide a few links to some of the stories we thought were interesting or might get missed in the media frenzy. For example, the BBC apparently edited the word 'terrorist' out of their earlier news bulletins last Thursday due to "the corporation's editorial guidelines". An email went round the BBC......
Continue Reading "Post-Blasts News Roundup"February 24, 2005
London's congestion charge is somewhat of a contentious issue but if Ken Livingstone was to be accidentally run over and killed when out for a stroll in the Stamford Hill area you could probably say it would be considered his legacy to the capital. The other people inextricably linked with the rapidly expanding zone of extortion, or fine example of progressive city administration depending on how you look at it, are Capita, the company......
Continue Reading "Capita Coining It In"February 15, 2005
Earlier this year Londonist contacted the parenting pressure group Fathers 4 Justice to see if we could get an interview with them. We wanted to talk to them because it seems that many of their 'stunts' take place in the capital and Londoners tend to have very divided opinions on the group's methods as well as their aims. The following is an email conversation we had with Martin Cook, a 44-year-old Finance Director of......
Continue Reading "Interview: Martin Cook, Fathers 4 Justice Member"