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Business

  • “The clock is ticking”: More strikes will hit the London Underground unless union dispute is resolved this week

    January 23, 2017

    More Tube strikes loom, unless a resolution is reached between unions and London Underground by the end of this week. Manuel Cortes, general secretary of the Transport Salaried Staffs' Association (TSSA), said: "The clock is ticking and we need an agreement by the end of this week or sadly, further strikes will follow." A 24-hour [...]

  • People are leaving floral tributes to Southern rail at train stations

    January 23, 2017

    Gone but not forgotten – the tolerance of Southern Rail users. As yet another day of strikes begins on Southern rail, some commuters appear to have taken it to heart, after dozens of "tributes" to the franchise began to appear at London Bridge and other stations As with any dearly departed friend, the tributes included [...]

  • Essentra shares tumble after it issues a third profit warning

    January 23, 2017

    Shares in British industrial group Essentra fell up to 12 per cent in morning trading after it issued its third profit warning in less than a year. The FTSE 250-listed maker of cigarette filters and packaging said the performance of its health and personal care packaging division suffered due to "continuing operational issues" in a trading update for the [...]

  • Southern rail says it’s still on track to run over 70 per cent of its trains, despite today’s train strikes

    January 23, 2017

    Southern rail has buckled down for today's latest strike action and said it remains on track to run over 70 per cent of its trains. That means more than 1,600 trains will run today – and Southern has reiterated its pledge to return a full service from tomorrow. There was nevertheless total chaos at Clapham Junction Station this [...]

  • Clapham Junction station shuts two entrances to avoid overcrowding thanks to South West Trains delays

    January 23, 2017

    Not many of us like Monday mornings. But spare a thought for commuters travelling through Clapham Junction this morning  The station had huge queues after a broken rail caused havoc on South West trains. It closed two of the three entrances to the station in a bid to stop overcrowding. Read more: Havoc on trains [...]

  • London Metal Exchange boss Garry Jones says he’ll step down with immediate effect

    January 23, 2017

    The London Metal Exchange (LME) chief executive Garry Jones today said he will step down as chief executive and executive director after three years in the position. Jones will retire from all positions within the Hong Kong Exchanges and Clearing Limited (HKEX) group, including those at the LME and LME Clear (LMEC) with immediate effect. He will serve as adviser [...]

  • A new app has launched to solve that ever awkward question: “Should I give up my seat on the Tube?”

    January 23, 2017

    Many of us have had the awkward moment of hovering awkwardly out of a Tube seat.  To offer or not to offer? Does that person need a seat? Well, fear not, hesitant commuters. For a new app launches today aimed at helping pregnant women specifically get seats on public transport. It's called Babee on Board. [...]

  • Severe delays strike South West Trains from London Waterloo via Wimbledon due to emergency engineering work

    January 23, 2017

    Fog isn't the only thing causing misery on the transport system this morning: there's also disruption on the trains. Today South West Trains said services to and from London Waterloo via Wimbledon are expected to be disrupted until 12pm, thanks to emergency engineering work to repair a broken rail. Services may be cancelled, delayed or run non-stop between [...]

  • Paddy Power Betfair reveals Trump win cost it £5m

    January 23, 2017

    Paddy Power Betfair expects to report group revenue growth of 18 per cent in 2016 when it publishes its full-year results. The figures Group revenue rose 18 per cent year-on-year, to £1.55bn, from £1.23bn. In the fourth quarter, revenue was up 10 per cent to £388m from £351m. This included a 12 per cent increase [...]

  • Heathrow, Gatwick and London City warn of cancelled flights thanks to freezing fog

    January 23, 2017

    The capital's airports have warned of travel disruption today caused by that pesky freezing fog. Both Heathrow and London City have told passengers to expect delays and cancellations this morning as reduced visibility causes problems, while Gatwick has said it is monitoring weather conditions closely. Around 100 flights of 1,300 have been cancelled at Heathrow, while London City [...]

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