‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
Spurs are doing an Arsenal as they look to rename White Hart Lane station October 12, 2016 Tottenham Hotspur wants to rename White Hart Lane station, which is fine with Transport for London (TfL), but apparently the club will have to shell out £12m to do so. The North London football club wants the London Overground station renamed Tottenham Hotspur station ahead of the opening of its new £400m stadium. It's not the [...]
London travel disruption: Delays into London Liverpool Street between St Pancras and Blackfriars October 12, 2016 Londoners are facing delays on a number of forms of transport this morning, as the Southern rail strikes continue. Trains between London St Pancras and Blackfriars are delayed due to a broken down train. Trains between London St Pancras International and London Blackfriars may be delayed by up to 15 minutes because of a broken [...]
Monarch breathes a sigh of relief as majority shareholder Greybull Capital invests £165m October 12, 2016 Monarch Airlines has received a £165m cash injection from its majority shareholder, private equity fund Greybull Capital. The lifeline investment, which is the largest in Monarch's 48-year history, has allowed the air group to renew its ATOL licences from the Civil Aviation Authority (CAA) for the next 12 months. Monarch was granted a two-week extension on [...]
RMT accepts offer from Southern Rail for talks on Wednesday October 11, 2016 Fresh talks will go ahead tomorrow in an attempt to break the deadlock between Southern Rail and the Rail and Maritime Transport (RMT) union. Charles Horton, the beleaguered boss of Southern Rail, today offered to meet with the RMT to try and halt ongoing industrial action. Read more: Southern Rail commuters had very British responses to today's train [...]
Government hails a new air lane agreement with China that is “vital” for post-Brexit Britain October 11, 2016 The Department for Transport (DfT) has negotiated a deal that will more than double the number of flights between Britain and China. In a move the DfT said would "boost tourism and trade opportunities for the UK", 100 flights will now be allowed to depart from each country, each week. Previously a restriction was in place [...]
TfL signs £17.6m advertising contract with Outdoor Plus October 11, 2016 Transport for London (TfL) has signed up Outdoor Plus as its advertising partner in a £17.6m contract to bring digital advertising screens across road underpasses in the capital. TfL said the network of roadside screens would generate at least £13m to reinvest in modernising the transport network over the next ten years. Initially, Outdoor Plus [...]
Every new house in Europe to have an electric vehicle charging point by 2019 October 11, 2016 Is the take-up of electric cars about to accelerate? A draft EU directive expected to be introduced by 2019 states that every new or refurbished house in Europe will need to be equipped with an electric vehicle recharging point. The guidelines due to be published by the end of the year will also state that ten per [...]
Heathrow’s exports soar six per cent in September October 11, 2016 Heathrow Airport may have been firmly in the Remain camp ahead of the referendum vote, but its September figures suggested Brexit wasn't giving rise to much turbulence. It welcomed a record number of passengers in September – 6.8m travelled through the airport, while Heathrow's cargo volumes rose six per cent on the back of growth to [...]
Government watchdog warns taxpayers stand to lose £22.5m should Garden Bridge project collapse October 11, 2016 The National Audit Office (NAO) has announced the findings of its investigation into the use of public funds to pay for one of Boris Johnson’s projects as London Mayor: the Garden Bridge. And it’s not impressed. Meg Hillier MP, chair of the committee of public accounts, said: “It worries me that whenever the Garden Bridge [...]
Driverless cars have officially hit the UK’s roads for the first time October 11, 2016 Watch out Google and Uber – driverless cars are about to hit the roads of the UK and they've been created by our very own homegrown tech expertise. The pod-like vehicles will be tested on the roads of Milton Keynes for the first time today, in the latest breakthrough in the government's ambitious driverless car strategy. After 18 months [...]