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      Meet Reeves’ outsider tasked with steering the City to growth

      Katharine Braddick appointed as new PRA chief, smiling confidently in business attire at press conference backdrop

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Transport & Infrastructure

  • North Greenwich reopens after suspect package is blown up in controlled explosion – Met’s Counter Terrorism Command leading investigation

    October 20, 2016

    North Greenwich Tube station has reopened hours after a suspicious item was found on board an eastbound Jubilee Line train.  Nearby Canary Wharf station has been very busy as a result of the closure – Tower Hamlets police were advising passengers to opt for other nearby stations if possible. Canary Wharf VVV busy due to North Greenwich closure. [...]

  • The lengths people will go to for a Nickelback concert at the 02…

    October 20, 2016

    Fans of American rock band Nickelback had been anxiously waiting to find out if tonight's concert at the O2 would go ahead, after a controlled explosion was carried out at the nearby North Greenwich Tube station. A suspicious package was found on board an eastbound Jubilee train this morning, but following discussions with the police, [...]

  • American Airlines’ share price loses altitude after empty seats and higher labour costs weigh on profits

    October 20, 2016

    The world's largest airline by revenue, American Airlines, has posted a 56 per cent drop in profit for its third quarter, but managed to beat analyst expectations.  Shares took a hit however, falling some three per cent in New York after the announcement.  The numbers AA's profit dropped out of the sky over the year, falling to $737m (£601m), [...]

  • London travel disruption: Delays to and from London Bridge until 8pm

    October 20, 2016

    Trains to and from London Bridge are being delayed until 8pm, according to National Rail. A vehicle struck a bridge near the station and examiners were on site assessing the bridge. Delays of up to 20 minutes were initially expected from Southeastern services to and from the station, though an update from the train operator said [...]

  • Unite to begin balloting Gatwick staff on strike action over closure of pensions scheme

    October 20, 2016

    Unite has announced it will begin balloting 1,800 members for strike action next Friday over the closure of Gatwick’s final salary pension scheme. Surface transport workers, firefighters and security officers are to be balloted, following a 96 per cent vote in favour of doing so in a recent consultative ballot. It will close on 16 [...]

  • Baggage handler Aviator pulls out of UK airports including Gatwick

    October 20, 2016

    Scandinavian baggage handler Aviator is preparing to close its UK operations, spanning Gatwick, Manchester, Birmingham and Newcastle airports, ahead of Christmas. The move by Aviator, which is understood to be ending its contracts for financial reasons, is set for the end of November and would leave the four airports short of around 1,700 staff. It is [...]

  • 10m journeys have been made with Sadiq Khan’s new bus Hopper fare

    October 20, 2016

    Over 10m journeys have been made in the first six weeks of the Mayor's new bus "Hopper" fare, according to Transport for London (TfL). The milestone journey was made at 4pm on Wednesday afternoon on bus route 322, running from Tesco in Brent Park to Paddington Station. Read more: TfL signs £79m deal with Serco [...]

  • Planned Southern rail strike on 3 November suspended – following a request from the British Legion

    October 20, 2016

    A Southern rail strike planned for 3 November has been suspended following a request from the British Legion. Southern workers were originally planning to strike on 3 November, as part of a long-running industrial dispute over the role of train guards. However, 3 November is the date of this year's London Poppy Day, which sees thousands of [...]

  • Private equity house says Avio-derci to Italian space business

    October 20, 2016

    Private equity house Cinven has announced the sale of its space launcher and propulsion company. Ten years after Cinven acquired Avio from Carlyle, alongside Finmeccanica as a minority shareholder, for €2.57bn (£2.3bn), the firm has agreed a sale to Space2 and Leonardo-Finmeccanica together with Avio’s management. Read more: Private equity firms backed to capitalise on [...]

  • For what it’s worth, Southern Rail has restored 63 services to its timetable

    October 20, 2016

    Southern Rail, the company currently locked in a battle with unions over who gets to close the doors on its trains, has said it is restoring 63 more services to its ravaged timetable. In a statement today the company said its West London Line timetable will go back to full capacity on Monday, while it [...]

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