‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
Carlos Ghosn says Nissan is ‘in the dark’ over Brexit June 27, 2018 Nissan is "in the dark" about the UK's impending departure from the EU, the chairman and CEO of the Renault-Nissan alliance has said. Carlos Ghosn told the BBC it was "difficult to take a position not knowing what Brexit will look like". He said Nissan made about 500,000 cars last year, and that 80 per [...]
Why did TfL strip Uber of its licence and what did it do to get it back? June 26, 2018 After months of deliberation, Uber was today granted a 15-month licence after persuading Westminster Magistrates' Court that it had changed its ways and was now a "fit and proper" operator in the capital. City A.M. looks back at why TfL took the dramatic decision last year and what Uber did to try and win it [...]
Tube strike on the Piccadilly Line announced for July coinciding with Trump’s London visit June 26, 2018 A London Underground strike on the Piccadilly Line has been announced for Wednesday 11 July to Saturday 14 July due to a row over working conditions. The Rail, Maritime and Transport (RMT) union said the dispute was over a failure by the Underground to employ enough drivers and ongoing problems with the ageing Piccadilly Line [...]
Bumper Bank station upgrade is running over budget with final costs rising to £655m June 26, 2018 Costs are rising on the bumper Bank station upgrade to boost capacity at the busy City hub, according to new Transport for London (TfL) papers. In its latest investment programme report, the capital's transport body said the final cost of the Bank station capacity and systems integration upgrade was now expected to come in over [...]
East Coast train line back under government control but hit by rocky start with cancellations and delays June 25, 2018 Rail services on the East Coast Main Line were back under government control yesterday but were hit by delays and cancellations on a difficult first day. The Department for Transport (Dft) took back control of the route connecting King's Cross to stations in the north and Scotland after stripping Virgin and Stagecoach of its loss-making [...]
Take a look at the new London Overground trains with Wi-Fi and USB charging points finally being introduced from November June 25, 2018 The new London Overground walk-through trains have been unveiled by Transport for London (TfL) and feature Wi-Fi and USB charging points, as well as air conditioning. They will finally be rolled out this year – after setbacks on the electrification work across the Gospel Oak to Barking route they will be introduced on. The first of [...]
HS2 plans to create an ‘unprecedented’ green corridor alongside the railway creating a network of woodlands with 7m new trees June 25, 2018 HS2 has announced plans to deliver an "unprecedented" green corridor to run alongside the £56bn high-speed railway, to create a network of environmental projects from the capital to the north of England. The corridor will have new wildlife habitats, native woodlands and community spaces amid efforts to integrate the new railway into the surrounding landscape. [...]
Mercedes-backed ViaVan launches weekly subscription following London launch June 22, 2018 Mercedes-backed ride sharing service ViaVan has launched its own weekly subscription service following on from its successful launch in London. The subscription, called ViaPass, starts at a launch price of £35 for a limited time only. New takers will also have access to four free shared rides daily for seven days, up to a value [...]
Capita offloads Supplier Assessment Services to bring in £160m and confirms MoD contract win June 19, 2018 Outsourcing giant Capita said today it will raise £160m from the sale of its Supplier Assessment Services business to funds affiliated with private equity firm Warburg Pincus. It has agreed to sell the business, which includes Constructionline, in a deal expected to be tied up at the beginning of next month. Separately, the company confirmed [...]
Multiple people injured after explosion at Southgate tube station June 19, 2018 Multiple people have been injured after an explosion at Southgate tube station this evening. British Transport Police said a small number of people have been treated at the scene by the London Ambulance Service following a minor explosion. The explosion is not being treated as suspicious with the Metropolitan Police saying that the cause of [...]