‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
Incomplete journeys on the Tube could become history as TfL allows passengers using contactless to get payment updates on the go June 15, 2018 Incomplete journeys on the Tube could soon become a thing of the past for passengers with a penchant for contactless. Transport for London (TfL) has announced this morning that customers can now check their contactless journey history using their phone on the go, with real-time updates on the TfL app. Half of all Tube and [...]
Ryanair calls for urgent action to prevent air traffic control strikes causing summer ‘meltdown’ June 14, 2018 Ryanair has called on EU governments to intervene in the ongoing crisis over Air Traffic Control (ATC) services, warning that if something is not done there will be a "meltdown" this summer. The budget airline has issued its call to arms as it prepares to grapple with more strikes by ATC staff in France this [...]
LOT Polish Airlines to launch direct flights to Warsaw from London City Airport June 14, 2018 Poland's flag carrier LOT Polish Airlines will fly direct to capital city Warsaw from London City Airport from January next year. The launch marks the 100th connection for the Polish airline. When it launches on 7 January next year there will be two daily flights, for which LOT has acquired through lease four new Embraer [...]
These are the 10 emptiest Tube stations on the London Underground network June 14, 2018 You may recall that we shared back in April that Waterloo had lost the top spot as the busiest Tube station last year to King's Cross St Pancras. But what about the emptier ones for those of us looking for some welcome respite from the heaving transport network? Well, Transport for London's (TfL) latest bumper [...]
South Western Railway passenger journeys dropped by 18m last year as franchises veer off track June 14, 2018 Embattled train operator South Western Railway (SWR) saw a dramatic drop of 18m passenger journeys over the past year as it grappled with engineering works at Waterloo, a switch in franchise ownership and industrial action. London's busiest station underwent an upgrade in a bid to boost capacity by 30 per cent, which has largely contributed [...]
Ryanair says new $300m UK base at London Southend airport isn’t a vote of confidence in UK aviation June 13, 2018 Ryanair is to open a new base at London Southend airport in April 2019, despite its oft-repeated warnings of “serious disruption” to flights after the UK leaves the European Union. But the airline’s chief commercial officer David O’Brien warned the move should not be viewed as "some sort of vote of confidence in the future [...]
Thursday’s 24-hour Tube strike has been called off, as talks between unions and TfL are suspended June 13, 2018 A 24-hour Tube strike on the Jubilee line due to be held on Thursday has been called off, due to a row over timetable changes between theTransport for London (TfL) and the Rail, Maritime and Transport (RMT) union. Two previous 24-hour walkouts, organised by both RMT and train drivers' union Aslef and set for 6 [...]
Gatwick airport unveils £1.1bn five-year plan to ramp up growth without expansion June 13, 2018 Gatwick is finding alternative ways to tackle its capacity problem, announcing a new five-year plan that will pump an extra £1.1bn worth of investment into the airport. Gatwick, the UK’s second largest airport, said it expected passenger numbers to reach 53 million by 2023. It has repeatedly asked to be able to build a third [...]
Network Rail told to spend additional £1bn on railway upgrades after timetable debacle June 12, 2018 Network Rail needs to spend a further £1bn on Britain's railways in order to prioritise reliability and safety after recent performances have failed passengers, the rail regulator has said. In its review of Network Rail's five-year spending plan, the Office for Road and Rail (ORR) said the total budget for maintenance and renewal should be [...]
Initial costs for HS2 civil works costs are £1bn over budget June 12, 2018 Costs for main civil works on the government's controversial High Speed 2 (HS2) project are coming in £1bn over budget. HS2 currently has a target for construction costs of £6.6bn, while its overall budget for the project is £56bn. The New Civil Engineer has reported that interim costs submitted by contractors are currently above the [...]