The euro makes back losses from pound and dollar as markets react to Italian Prime Minister Matteo Renzi’s resignation December 5, 2016 The euro regained its steep losses against the pound and the dollar as the week started with the defeat of Italian Prime Minister Matteo Renzi in his flagship constitutional reform and his immediate resignation. The pound rose above €1.20 in the early hours of Monday morning before falling back to €1.1899 at the time of publication. [...]
Now you can carpool a black cab for the price of a Tube journey December 5, 2016 Londoners will soon be able to share one of London’s iconic black cabs with a someone else heading in the same direction, with promises of making travelling by taxi as competitively priced as public transport. Uber rival Gett will launch a carpooling service, Gett Together, in the capital and plans to roll it out to [...]
Brexit is bringing European “shopcationers” to London to do their holiday shopping December 5, 2016 Spanish and Italian shoppers are set to hit the streets of London in droves this weekend to bag bargains ahead of Christmas. Since the EU referendum, the weak pound has made London a prime destination for "shopcationers", or people travelling from abroad with the intention to shop, new data suggests. Read more: Christmas shopping will be cheaper this year [...]
Experts predict annual record of car sales after fleet demand drives another month of growth December 5, 2016 Britain's businesses fuelled record new car sales for the first 11 months of the year, offsetting another month of falling demand from private car buyers. Sales increased by 2.9 per cent during November compared with 2015 according to the Society of Motor Manufacturers and Traders (SMMT). With 184,101 vehicles registered during the month, a total of [...]
Pret-phobia: Londoners are not happy with the lunch options available to them December 5, 2016 Londoners are not happy with their lunch options. According to research from lunch platform MealFix, 40 per cent of us are getting sick of what's being served up on the high street. Having a Pret on every corner is starting to get Londoners down, with a third of us feeling guilty about buying lunch from [...]
Britain is ready to take a bigger slice of the valuable Chinese tourism market December 5, 2016 VisitBritain has teamed up with Hainan Airlines and Alitrip, Alibaba Group's tourism arm, to increase travel from the world's most valuable outbound market. Chinese visitors to the UK stay longer, spend more and travel more widely across Britain than other international visitors, but the group only moved into Britain's top 10 most valuable inbound markets for the first time [...]
London transport disruption: TfL admits Piccadilly Line delays will likely go on until after Christmas as drivers blame new wheels for problems December 5, 2016 Piccadilly Line commuters could be facing delays and disruption until after Christmas, Transport for London confirmed today. Problems began on the line at the end of November, when around half the Piccadilly Line fleet was taken out of service for repairs, due to damage caused by larger-than-usual quantities of wet leaves on the tracks. A [...]
VW’s launched a new company to discover the future of transport December 5, 2016 Volkswagen is launching a new business that will focus on the growing area of urban mobility such as on-demand travel and electric cars. Moia will operate as an independent company within the German car group based in Berlin and will "act more nimbly, like a startup" but with access to the expertise and funding of [...]
House prices are already shooting up along the Elizabeth line December 5, 2016 Property prices along the much-anticipated Elizabeth line – formerly known as Crossrail – are already shooting up. Average house prices near the stations along the route have up gone up by 22 per cent over the last two years, according to research by Lloyds Bank, even though the line won't be fully-functioning until the end [...]