Aston Martin shares jump as billionaire Lawrence Stroll ‘prepares to make offer’ December 5, 2019 Aston Martin shares have been given a much-needed boost this morning, after reports surfaced that billionaire Lawrence Stroll is gearing up to buy a major stake in the struggling car maker. Stroll, the father of Formula 1 driver Lance and owner of the Racing Point F1 team, is said to be seeking to head a [...]
TfL updates Tube map to include Crossrail stations for the first time December 5, 2019 Transport for London (TfL) has released a new Tube map for December that features several new Crossrail stations all the way out to Reading. The new map is the first to feature a section of the Elizabeth Line, which goes to Reading through Maidenhead, Slough, Langley, Burnham and Twyford. Crossrail – called TfL Rail on [...]
Electric cars take record UK market share as battery-powered vehicle sales surge 228 per cent December 5, 2019 Britain’s drivers bought more electric vehicles last month than ever before, as demand for fully electric battery cars surged more than three-fold. In November, pure electric battery car sales rose 228 per cent compared to the same period last year, with 4,652 of the vehicles registered. Read more: Electric dreams: How long until electric cars [...]
Tube delays hit four lines in rush hour misery December 5, 2019 Severe Tube delays have hit four lines to leave commuters facing a morning of rush hour chaos today. Passengers on the Circle Line, District Line, Hammersmith & City Line and Metropolitan Line all face a disrupted journey to work due to the delays. Read more: Eight arrests made after Extinction Rebellion targets Tube Faulty trains [...]
TfL bans hundreds of minicab drivers in crackdown December 5, 2019 Transport for London (TfL) has banned hundreds of minicab drivers on the back of an investigation into schools fraudulently offering licences. It was revealed in November that the transport regulator was investigating Vista Training Solutions in Newham and all other centres offering Business and Technology Education Council (Btec) diplomas that can be used to gain [...]
Does Labour’s pledge to cut rail fares make sense from a social mobility perspective? December 5, 2019 Does Labour’s pledge to cut rail fares make sense from a social mobility perspective? Grace Blakeley, economics columnist at the New Statesman, says YES. Many have pointed out that middle-earners are most likely to use trains, but few analyse why. First, trains around London are too expensive for many commuters, meaning that they are forced [...]
Eddie Stobart lines up administrators ahead of vital vote December 4, 2019 Troubled trucking company Eddie Stobart has reportedly lined up Deloitte to act as its administrator ahead of a shareholder meeting that will decide on its future on Friday. Shareholders are set to vote on whether to approve a £55m financing package from former owner Dbay Advisors. The Telegraph reported that if shareholders reject the deal, [...]
TfL adds extra peak time services to London Overground December 4, 2019 The London Overground will add early morning capacity on services from Gospel Oak to Barking from next month. The line will benefit from two extra services before 6am to meet “growing customer numbers”. Read more: Crossrail delay until 2021 may cost London £2bn Rory O’Neill, TfL’s general manager for London Overground, said: “These additional early morning [...]
South African Airways: State-owned carrier in limbo as bailout doubts persist December 4, 2019 Time is running out for South African Airways (SAA), as the embattled carrier hopes for a bailout from South Africa’s government. The state-owned airline paid only half of staff salaries last month, and may have to file for liquidation in the near future if it cannot secure R2bn (£100m). Read more: Virgin Atlantic in fresh [...]
Rail strike: Union writes to South Western to restart talks as commuters complain of ‘hell’ December 4, 2019 Rail union bosses have written to South Western Railway in an attempt to halt what is planned to be Britain’s longest ever rail strike. As commuters complained of “hell” on their way to work with the strike entering its third day out of 27, the Rail, Maritime and Transport Workers (RMT) Union asked South Western [...]