Balfour Beatty sells streetlight project stakes to Equitix for £33m December 16, 2016 Infrastructure group Balfour Beatty is selling an 80 per cent stake in its street lights business for £33m. Funds managed by Equitix are buying the majority of Balfour's interests in five street lightling PFI projects. Balfour said the cash consideration of £33m would be retained within the group, and said the proceeds from the sale were [...]
Don’t believe the unions’ bogus claims against Southern Rail December 16, 2016 Passengers on Southern Rail are this week enduring disruption to their services of a kind not seen anywhere on the railway for a generation. From broadcasters to bishops, everyone has been having their say on the industrial dispute about whether drivers rather than guards should be responsible for closing doors on trains that has been [...]
Bank Junction: All vehicles except buses and bikes to be banned from notorious collision spot in trial scheme from April December 15, 2016 Cars, taxis and all other vehicles except buses and bikes will be banned during weekdays at Bank Junction in an experimental scheme from next April. From Monday to Friday between 7am and 7pm only cyclists, pedestrians and buses will be able to move through the junction, which has become one of central London's most notorious [...]
Stansted Express disruption: Trains cancelled and delayed due to incident between Seven Sisters/Tottenham Hale and Broxbourne December 15, 2016 Trains running between Seven Sisters/Tottenham Hale and Broxbourne are subject to severe disruption this afternoon due to an incident on the track. Stansted Express services are experiencing delays and may be cancelled, with disruption expected to continue until 8pm. #EmergencyServices – Services running through these stations may be cancelled, delayed by up to 60 minutes [...]
Southern rail chaos continues: Talks to solve dispute between rail firm and union end with no deal December 15, 2016 Talks aimed at resolving Southern rail strikes have ended without agreement. A 24-hour strike, following a 48-hour one held by Aslef union earlier in the week, will go ahead tomorrow. Nick Brown, chief operating officer of GTR, Southern's parent, said: "We're deeply disappointed, as our passengers will be, that Aslef has been unable to accept our [...]
Here’s where you should base your business along the Tube map for the highest turnover December 15, 2016 Got a feeling your business isn't living up to its potential? Well perhaps a change of scenery might cure the malaise. According to data intelligence firm DueDil, firms based along the Bakerloo line have the highest annual turnover and average growth rate. For specific stations, Waterloo had the highest average turnover of £2.53bn and is [...]
HS2 chairman Sir David Higgins spreads his wings to take chairman role at Gatwick December 15, 2016 HS2 chairman Sir David Higgins is picking up another role in the New Year. He's taking over as chairman at Gatwick Airport, replacing incumbent chairman Sir Roy McNulty from 1 January 2017. McNulty will stay on as deputy chairman. Higgins said: "Whilst the case for Gatwick expansion in the future remains very strong, the challenge [...]
Mayor of London Sadiq Khan invests £220m in the capital’s boroughs including central London’s first new park for 100 years December 15, 2016 The mayor has announced he's plugging £220m into the capital's boroughs to boost transport, town centre and public space developments. Sadiq Khan said the funding will be used by boroughs across the capital for a range of projects, with initiatives to encourage walking and cycling, reduce road dangers and improve air quality. Among the projects to receive [...]
Go-Ahead and buy some shares: Southern rail’s owner says revenues will miss targets December 15, 2016 The market was still keen to Go-Ahead and invest in the owner of Southern rail, as shares nosed up 0.5 per cent despite the firm warning forecasts would be missed by its rail division. The FTSE 250 firm, which owns a majority stake in Govia, said its rail division full-year results would miss expectations. Read more: Going [...]
California regulator wants Uber to put the brakes on its self-driving cars as it doesn’t have a permit December 15, 2016 Uber's self-driving car service might be driven off-track, after the California highways regulator ordered it to pull the service hours after it was launched. Uber had started giving passengers the option of a self-driving car with a safety driver when booking a journey. Regulators said the ride-hailing app firm had to stop immediately and get [...]