Monarch Airlines owner Greybull Capital looks to refinancing deal to help company soar September 26, 2016 The investment firm behind Monarch Airlines is seeking tens of millions of pounds in refinancing for the British airline. Today, Monarch, owned by investment group Greybull Capital, said that security concerns and the devaluation of the pound against the euro resulting from the Brexit vote, had made market conditions tougher. City A.M. understands the purchase of 30 [...]
London transport disruption: Commuters facing delays on Bakerloo Line after person killed by train September 26, 2016 The Bakerloo Line has been suspended in central London after a person was struck by a train at Oxford Circus station earlier this afternoon. There is no service on the line between Elephant & Castle and Paddington "due to a person on the track", Transport for London said. https://twitter.com/bakerlooline/status/780401450795036672 British Transport Police said they were called to Oxford [...]
Flying cars? Uber’s working on it September 26, 2016 And you thought driverless cars were the future? Not content with being one of the first companies to get the autonomous technology on to real-life roads, Uber's not stopping there and is already planning ahead for what the next big thing might be after that. The billion-dollar startup has revealed it's looking at technology which could produce [...]
Northern Line Night Tube to launch on Friday 18 November – reports September 26, 2016 The Northern Line Night Tube is reportedly set to launch on Friday 18 November. A BBC journalist tweeted that Tube staff have been informed of the start date. NEW: Tube staff have been told Northern line night tube will start Friday 18th November. Nothing official yet. — Tom Edwards (@BBCTomEdwards) September 26, 2016 However, a [...]
London mayor Sadiq Khan writes to Uber and other private hire drivers setting out his commitment to the industry September 23, 2016 London mayor Sadiq Khan has written to tech firm Uber in response to its email campaign about the future of the capital's taxi and private hire industry. Transport for London (TfL) plans to introduce new rgulations for the sector including a requirement that private hire vehicles have "hire and reward" insurance in place for the duration of the licence, [...]
Ford engineers have invented these three crazy contraptions to make life in the city easier September 22, 2016 It used to be Silicon Valley types who were obsessed with innovation – but it seems the bug has spread, after car giant Ford unleashed some of its engineers' craziest inventions. The company said it had set engineers a challenge: create a device which helps people handle city life. It received more than 4,500 submissions [...]
Southern rail workers to take 14 days of strike action from next month September 22, 2016 Southern rail workers are to take 14 days of strike action in five blocks from next month as the dispute over role of guards continues, the RMT union said today. The union said workers will take industrial action because of Southern's "continued insistence on removing critical safety trained guards from trains". RMT said its members [...]
Supercar maker McLaren denies Apple takeover talks September 21, 2016 British supercar maker McLaren has denied it is in talks with Apple after it was suggested the Californian tech giant had made a takeover approach for all or part of its business. The Financial Times reported today the tech giant had approached McLaren Technology Group about either an acquisition or to take a strategic investment in [...]
Londoners will pay a £30,000 premium to live in the congestion charge zone September 21, 2016 Londoners are happy to pay extra for a home just inside the congestion charge zone, new research has revealed. According to research from the London School of Economics (LSE), homes inside the zone are £30,000 more expensive than the houses on the other side of the congestion charge boundary. Read more: House prices rebounded this month, hitting first-time buyers [...]
Easyjet pilots have voted to strike over fatigue dispute September 21, 2016 Pilots at Easyjet have voted to strike because of a dispute over fatigue, a union said today. The pilots voted "overwhelmingly" in favour of industrial action, but talks are planned to try to resolve the row, said Balpa. In a ballot which closed today 96 per cent voted for some form of industrial action on a turnout [...]