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 [...]
This is why Purplebricks’ share price is up 20 per cent December 5, 2016 Purplebricks' share price has shot up 19 per cent this morning after the company announced a total revenue growth of 159 per cent. The figures The estate agents reported a UK gross profit of £10.2m for the six months ending 31 October, up from £4.1m during the same period last year. UK revenues grew from [...]
The UK’s services sector grew unexpectedly fast last month – pushing up GDP expectations December 5, 2016 Growth in the UK's three main sectors suggests the economy will 0.5 per cent in the fourth quarter, against Bank of England expectations of 0.4 per cent, new figures have suggested. The purchasing managers' index for the services sector, published today by Markit, grew unexpectedly fast in November, rising to 55.2 from 54.5 last month – [...]
Norwegian takes off UK expansion plans with more lost-cost flight options targeted at business travellers December 5, 2016 The pound may still be down, but don't write off travel to the US just yet. Norwegian airline is flying to the rescue to boost budget options. Norwegian, Europe's third largest low-cost airline is creating 55 per cent more budget flights to the US from next summer, from 22 to 34 flights per week. Norwegian offers the UK's cheapest direct [...]
Binned merger deal boosts Burberry’s share price December 5, 2016 Burberry group's share price is up by two per cent this morning after it emerged the company turned down a merger deal with its US rival. The British fashion chain received an approach from Coach, but binned a deal that valued the company at over $20bn, according to the Financial Times. Read more: Burberry profits fall [...]
Homes in Islington have been evacuated due to flooding on Upper Street December 5, 2016 Around 100 people have been evacuated from their homes in Islington this morning, after a burst water main led to flooding on Upper Street. London Fire Brigade said firefighters were dealing with the flood between City Road and Islington Green in north London. Six fire engines and three fire rescue units have been deployed. The water is [...]