Office cycle racks face the chop as workers opt for e-bikes Property City developers have hailed the Mayor of London’s plans to water down the amount of bike rack space new offices need to provide, arguing that the shift to e-bikes makes these requirements redundant. The London Property Alliance (LPA), which represents hundreds of developers in the City and central London, has welcomed proposals to cut down [...]
Halfords shares rev up as garage growth drives return to profit Retail Halfords shares have boomed after it smashed analyst expectations to turn a £44m profit, in a sign that the motoring and cycling retailer’s turnaround is beginning to gain pace. The company notched a £43.6m pre-tax profit in the year to April, returning to the black after last year’s £30m loss, as revenue grew five per [...]
Lime bikes: UK sales spike as expansion continues Transport and infrastructure Turnover at the UK arm of shared bikes provider Lime has spiked as its expansion across London continues, it has been revealed. Lime Technology has reported a turnover of £111.3m for 2024, according to new accounts filed with Companies House. The total is up significantly from the £63.5m it achieved in 2023. However, the latest [...]
Branson-backed bike sharing firm Beryl more than doubles losses April 24, 2025 Losses at Beryl, a bike sharing company backed by two of Sir Richard Branson’s children, have more than doubled despite an uptick in its turnover. In accounts filed almost four months late with Companies House, the business has posted a pre-tax loss of £7.5m for the 12 months to 31 March, 2024. That total compares [...]
Skarper: Sir Chris Hoy-backed start-up surges in value March 19, 2025 A start-up backed by Sir Chris Hoy surged in value by almost £2m ahead of securing a major funding boost, it has been revealed. Mobility technology company Skarper was founded in 2020 by Alastair Darwood and collaborates with Formula One team Oracle Red Bull Racing. The business patented a lightweight, portable drive system which connects [...]
Office cycle bays risk being spectacular ‘eco-own goal’ February 14, 2025 A property group has warned that London’s cycling policy is actually harming the environment, with too many cycle bays and not enough cyclists to fill them. The City Property Association (CPA) has calculated that under the current London Plan, the City of London’s target to deliver 1.2 million sqm of new office space by 2040 [...]
City of London seizes dockless e-bikes in Lime and Forest crackdown February 10, 2025 The City of London Corporation has seized more than a hundred dockless e-bikes as part of a crackdown against operators’ Lime and Forest. The Square Mile’s local authority said it had confiscated bikes that were found to have obstructed or caused immediate danger to others, over a two-week enforcement period. The bikes were stored in [...]
Halfords: Customers more cautious on Autumn budget fears October 22, 2024 Uncertainty around the Autumn budget is holding back consumer confidence, Halfords warned today. This morning the retailer said group like-for-like sales ticked down by 0.1 per cent in the 26 weeks to 27 September, on strong prior-year comparatives of 8.3 per cent growth plus a wet spring. The company is on track to deliver £30m [...]