Don’t tell the black cabs: Brits can’t get enough of Uber as UK profits and revenues double in 2015 October 10, 2016 Uber drivers in the UK raked in more than £100m in fares last year, doubling revenues and profits at the disruptive transport app. The taxi service's holding company in Britain, Uber London, recorded a 105 per cent uplift in turnover to £23.3m in 2015, according to records filed on Companies House. This was up from [...]
Bike-sharing app Cycle.land is coming to the capital October 10, 2016 Londoners will soon have a wealth of options should they want to get on their bikes. It was recently announced the popular Boris bikes were getting a revamp and now a new bike-sharing company is hoping to win over the capital. Read more: TfL signs £79m deal with Serco to upgrade London's Boris bikes Cycle.land launched in Oxford in [...]
Gatwick has another dig at the Airports Commission as it announces a record September October 10, 2016 Gatwick’s not going down without a fight. In the battle over airport expansion, Heathrow may have just won the support of the Scottish government for its third runway proposal, but Gatwick has just announced a record month. In September 4.3 million passengers travelled through the airport (up 6.9 per cent on the same month last [...]
Southern Railway strikes to go ahead despite last-ditch legal action October 10, 2016 A three-day strike starting on Tuesday is going ahead, despite Southern Railway's late legal challenge. The company said it had ruled out further talks with the RMT union. RMT general secretary Mick Cash confirmed the receipt of a legal challenge from the train operator over the guards safety row. "It is appalling that rather than [...]
Scottish government wants Heathrow’s third runway given the green light October 10, 2016 It's not quite lift off for any of the airport expansion proposals just yet (and may not be for a while) but Heathrow's third runway proposal was given a boost after the Scottish government gave its backing to the airport's plan. The merits of the various options have been debated for a while, but ministers emphasised the draws of significant [...]
Commuters facing disruption to and from Moorgate station until 10am October 10, 2016 Commuters are facing rush hour disruption this morning, with delays on services in and out of Moorgate station in the City. National Rail said a broken down train between Drayton Park and Moorgate is causing delays of up to 30 minutes to trains to and from Moorgate. Some services to the station will be amended to start and [...]
Heathrow vs. Gatwick expansion: Airports decision still stuck on the tarmac October 10, 2016 The question of where to build a new runway in the south east is an issue that has been stuck in the hangar for years. The current choice, between Heathrow or Gatwick, is just the latest instalment in a long-running capacity saga. Since 1963, no fewer than 12 policy documents, commissions or white papers have been produced [...]
Macquarie in box-seat as government prepares for total exit of Green Investment Bank October 9, 2016 The government has ignored calls for it to retain a stake in the Green Investment Bank (GIB) after it emerged that Macquarie Bank was in the final throes of agreeing a multi-billion pound deal to purchase all of the state-owned entity. The Australian-based infrastructure investor has been given preferred bidder status and while there had been hopes [...]
Boeing swoops in to save Monarch with restructured fleet deal October 9, 2016 Boeing looks set to swoop in and rescue low-cost airline Monarch, with a multimillion pound financing package. Monarch had been given a two-week extension by the Civil Aviation Authority (CAA) to its permit to sell holidays and flights in the UK, as the firm said it was on the cusp of lining up its biggest cash injection [...]
Gatwick summer delays give rise to watchdog probe October 9, 2016 A series of late take-offs at Gatwick during the summer has caught the attention of the Civil Aviation Authority. It is currently investigating the airport to find out the reasons for the drop in “on-time performance” as part of a long-planned review of Gatwick’s regulation. The CAA said a review was under way, but did [...]