TfL plans new Thames piers to cater for 20m passengers November 6, 2019 Plans to transform the Thames into a major commuter hub have taken a step forward with new passenger piers set to be built along the river. Transport for London (TfL) announced today it would build new public piers in a bid to increase the Thames’ capacity to cater for public transport journeys. Read more: Rory [...]
Business groups warn South Western Railway strikes will hurt Christmas trade November 6, 2019 Business groups have slammed the rail union’s planned December South Western Railway strikes, predicting they will cause major disruption to Christmas trade. Drivers and train guards from South Western Railway (SWR) are planning on walking off the job for 27 days in December. Read more: RMT union announces 27 days of South Western Railway strikes [...]
Ryanair has grounded three Boeing 737 planes due to cracks November 6, 2019 Ryanair has grounded three planes due to cracks between the wing and fuselage, but has not disclosed it to the public. Three of the airline’s Boeing 737s have been affected by so-called “pickle fork” cracks, which have led to 50 planes being grounded since 3 October across the aviation industry. Read more: Ryanair will ask [...]
Norwegian Air slumps after third share sale November 6, 2019 Shares in Norwegian Air fell more than nine per cent this morning after the struggling airline last night launched its third share sale in two years and a bond issue. The company raised 2.5bn kr (£211.5m) to meet its cash needs through 2020 after selling 27.25m new shares at 40 kr per share. Read more: [...]
Uber shares hit record low as early investors prepare for chance to sell off November 5, 2019 Ride hailing firm Uber’s shares hit a record low today, as shareholders geared up for the expiry of its Initial Public Offering (IPO) lock-up, when early investors will be allowed to sell their stocks. Uber’s share price fell to lows of $27.97, more than nine per cent down, eventually closing at $28.02. Read more: Will Uber’s [...]
RMT union announces 27 days of South Western Railway strikes in December November 5, 2019 Train staff on a major London rail network are preparing to down tools for 27 days throughout December, amid a long-running dispute that threatens to wreck commuters’ Christmas holidays. The Rail and Maritime Transport (RMT) union accused rail operator South Western Railway (SWR) of failing to give assurances that train guards will be kept on under a [...]
Rory Stewart signals potential fare rise as he slams TfL losses under Sadiq Khan November 5, 2019 Rory Stewart has hinted he would likely increase public transport fares if elected mayor and has claimed London is “stuck in 2008”. The independent mayoral candidate, and former Conservative cabinet minister, told City A.M. it “cannot make sense to be running a system that’s losing this much money every year”. Read more: Rory Stewart: The [...]
Boeing’s chief executive offered to forego his bonuses over the 737 Max crisis November 5, 2019 Boeing chief executive Dennis Muilenburg has offered to forego all bonuses for 2019 as the firm scrambles to deal with the fallout from two deadly crashes of its 737 Max jet. The embattled boss, who has been stripped of his dual role of chief executive and chairman of the aerospace giant in recent weeks, faced [...]
TfL mines passenger phone data to improve Tube journey estimates November 5, 2019 Tracking passengers’ phone usage on the Tube has allowed Transport for London (TfL) to improve its travel time estimates. TfL has analysed 2.7bn pieces of anonymised data since June, which has been gained through tracking people’s usage of Wi-Fi networks at stations across the capital. Read more: TfL is investigating illegal London minicab drivers This [...]
London Underground has the city’s highest level of air pollution November 5, 2019 The London Underground is the most polluted place in the city with air quality 10-times worse higher than recommended by health guidelines in some parts. An investigation has revealed that levels of PM 2.5 – particulate matter that can penetrate deep into the lungs and cause heart and lung disease – has been recorded at [...]