Canadian pension fund circles Gatwick as deal nears October 20, 2018 A Canadian pension fund is preparing a bid for a stake in Gatwick Airport which could be worth £3bn, Sky News reports. Canada Pension Plan Investment Board is reportedly part of a consortium in talks to buy out Global Infrastructure Partners, Gatwick’s largest shareholder, in a deal that could be valued at £3bn. Sky reports [...]
This London Tube map shows the busiest morning times for key Zone 1 and Zone 2 stations October 19, 2018 While many don’t have much choice on what time they have to get into work in the mornings, Transport for London (TfL) says if you can tweak your journey slightly you can avoid the peak rush. It has provided a Zone 1 and Zone 2 Tube map pointing out the busiest times during the morning [...]
Ryanair signs recognition agreements with pilot unions after summer of strikes October 19, 2018 Ryanair has agreed to recognise a group of pilot unions after a summer of industrial action across Europe. The budget airline has signed a collective labour agreement with the Portuguese Civil Aviation Union (Spac) today, which will to allow negotiations to begin over seniority, which gives preference to the longest serving pilots in requests for annual leave and promotions, and [...]
Hit the road: MPs urge government to ban diesel and petrol cars by 2032 October 19, 2018 Calls to scrap petrol and diesel cars in just 14 years time are “impossible to achieve”, according to the car industry. The Business, Energy and Industrial Strategy (Beis) committee has urged the government to bring forward its 2040 target to stop selling cars running on petrol and diesel fuels to 2032. Read more: Car industry [...]
Photo of Ryanair crew sleeping on airport floor was staged, airline says October 18, 2018 A photograph of Ryanair crew sleeping on an airport floor was staged, footage from the airline showed today. Staff at the low-cost carrier had released a photograph showing them lying on the floor of an airport staff lounge. La imagen del aeropuerto de Málaga ha sido una escenificación y protesta del trato que Ryanair da [...]
HS2 will cost taxpayers 25 per cent more than similar schemes abroad, says leaked report October 18, 2018 High Speed Two (HS2) will end up costing taxpayers 25 per cent more than similar projects in other countries, a leaked report has said. HS2 is projected to cost £56bn and will link London to the north in two phases: the first phase will link London to Birmingham and is set to open in 2026, while phase two [...]
Morgan Stanley banker moonlights as an Uber driver to win top role in upcoming IPO October 18, 2018 A top banker at Morgan Stanley has reportedly been moonlighting as an Uber driver outside of working hours, in a bid to win the deal to take the ride-hailing firm public in 2019. Michael Grimes, a technology banker in the US for Morgan Stanley, has been running the job on the side for several years despite [...]
Gatwick Airport publishes proposals to use emergency runway October 18, 2018 Gatwick Airport has published controversial plans to use its standby runway to increase capacity in a move that has been branded as "subterfuge" by campaigners. The plans mean the airport's standby or emergency runway will effectively operate as a second runway, which Gatwick has called for to increase its constrained capacity. The airport lost out [...]
TfL moves step closer to offering 4G mobile coverage on the Tube from 2019 with plans to roll it out to Elizabeth Line and Crossrail 2 October 18, 2018 Tube passengers should soon be able to read emails and check Twitter on the go, as Transport for London (TfL) has formally kicked off the procurement process to deliver 4G mobile coverage across the Underground. TfL is on track to introduce 4G coverage from next year, with plans to branch out further and incorporate the [...]
FCA could slap fine on TfL for not informing London Stock Exchange of Crossrail delay in July October 18, 2018 The financial watchdog is considering whether to launch a formal investigation into Transport for London (TfL) over its alleged failure to inform the London Stock Exchange (LSE) about the impending delay to Crossrail in July. On 31 August Crossrail announced that the £15.4bn Elizabeth Line, which will connect Reading and Heathrow in the west to Shenfield [...]