City Airport boss Sir Terry Morgan – who also happens to be the former Crossrail boss – stepping down to focus on HS2 August 31, 2018 Sir Terry Morgan is stepping down as chairman of London City Airport next month to focus on his new job heading up HS2. Morgan, who has been at the helm of City Airport since March 2017, also happens to have been chairman of Crossrail Ltd, which today admitted the massive infrastructure project would overrun by nearly [...]
Crossrail delayed by almost a year over safety issues August 31, 2018 Crossrail has been delayed by almost a year, the infrastructure firm behind the project has admitted today. The Elizabeth line, which had been expected to launch in December, will now open through central London in autumn 2019. It is understood the company only told Transport for London and the Department for Transport about the severe delay yesterday. [...]
Lender Amigo hails surging revenue but profits count the cost of IPO August 30, 2018 Amigo witnessed a 50 per cent leap in sales across the first quarter of its new financial year, but its share price remained flat as the costs of its recent stock market float impacted profits. The figures The lender reached £62.9m revenue for the three months to the end of June, a whopping 47 per [...]
Irish hotel group Dalata swoops in for £91m Aldgate site August 29, 2018 Ireland’s largest hotel operator has agreed a £91m deal for a site under development on the edge of the Square Mile. In the latest sign of London’s burgeoning hotel market, the aim-listed Dalata Hotel Group has snapped up the Clayton Hotel in Aldgate, which is situated near the new Crossrail station at Whitechapel. The deal for [...]
The impact of a no-deal Brexit should set off alarm bells for the City’s finance firms August 28, 2018 Last week, the government produced papers assessing the impact of a no-deal Brexit scenario on various sectors, including financial services. It is concerning for the sector that a no-deal scenario is looking increasingly likely. The Bank of England governor Mark Carney ranks this possibility as “uncomfortably high”, while foreign secretary Jeremy Hunt suggested that there [...]
South Quay incident: Police say package is not a threat August 28, 2018 Docklands office workers were evacuated this afternoon as police responded to reports of a suspicious package. The object was found in Harbour Exchange Square in South Quay at around 1.20pm, and police officers closed roads and evacuated offices in the square as they sent a bomb disposal robot in to assess the package, but they [...]
Feeling thirsty? London is getting 20 new drinking fountains at train stations and shopping hotspots August 28, 2018 The summer heatwave might be nought but a distant memory now, but if the capital sees the sun again this side of Christmas Londoners will be thankful for 20 new water fountains coming to train stations, shopping centres and museums around the city. Four of the Mayor of London's watering holes (we don't mean pubs) are [...]
Thames river bus buoyed by rising tide of London commuters August 27, 2018 Commuting by boat in London hits a major milestone this week with the capital’s river bus service set to carry its 40 millionth passenger. The landmark figure comes at the end of a bumper summer for MBNA Thames Clippers, in which a combination of hot weather and growing waterside property development has increased passenger numbers [...]
Notting Hill Carnival: The full list of stations and roads closed this Bank Holiday weekend August 26, 2018 It's that time of year again: London's big summertime bank holiday weekend, and the travelling chaos that often comes with it. Here's a handy list we've compiled of everything you'll need to get around London until Tuesday. Running from Saturday 25 August until late on Monday 27 August, travel during the Bank Holiday in the [...]
Bank holiday: Rainy weather forecast for London August 25, 2018 Partygoers at one of Europe’s biggest street party Notting Hill Carnival could be in for a drenching tomorrow with heavy and persistent rain forecast. The Met Office expects a bright start to tomorrow which will then turn windy with outbreaks of rain spreading east. Read more: London mayor Sadiq Khan should park the cap on [...]