Card payment to be accepted in every Black Cab in London February 3, 2016 Welcome to the 21st century, taxi-getters. Every Black Cab in London will be required to accept card payments from October this year, Transport for London has said. TfL has promised that customers will not be forced to pay a surcharge for using a card. TfL has also committed to working with the card industry to link card [...]
Tube strike February 2016: City firms must adopt an instinctual reaction to ensure it’s business as usual, even if the London Underground stops running February 3, 2016 After a disruption in the summer, where industrial action from RMT derailed commuters and brought the capital to a near stand-still, we are once again bracing ourselves for further Tube strikes. The London Chamber of Commerce (LCC) estimates that the London Underground strikes cost the capital £48m each day; however it’s not just an organisation’s [...]
London property prices: There’s £1m difference between properties in Wembley Park and Finchley – but just eight minutes’ travel time February 3, 2016 Wrestling with the trade-off between commuting time and house prices? A new Tube map has been created giving prospective home-owners the skinny on where the best option might be – and where the biggest discrepancy on each line can be found. According to EMoov, one of the biggest differences can be found on the Jubilee Line, [...]
London house prices: Foxtons’ share price climbs as estate agent ups dividend, saying 2016 property market looks “encouraging” February 3, 2016 Property slowdown? What property slowdown? Foxtons is upping its dividend by 13.4 per cent for the year after revenue grew across the board. The figures Turnover at the London-focused estate agent grew four per cent to £150m in the year to 31 December against a wider backdrop of property transaction levels dropping by around 11 per cent. [...]
Hargreaves Lansdown’s share price falls, despite assets under management soaring to record levels as market share grows February 3, 2016 Hargreaves Lansdown's share price fell this morning, despite registering record levels of assets under management (AUM), after strong new business inflows for the first half of its financial year. The figures The financial group's net revenue was up 10 per cent to £158.8m in the six months to 31 December, wwith profit before tax up six [...]
Black Cab drivers are planning another Uber protest between Trafalgar Square and TfL’s office on Victoria Street February 2, 2016 Black Cab drivers are planning another protest against Transport for London and its regulation of private hire vehicles (PHV), specifically Uber. The demonstration, organised by United Cabbies Group, is scheduled to take place between Trafalgar Square and TfL's home on Victoria Street, will take place on 10 February from 2:30pm to 4pm. "No retreat. No surrender. [...]
Tesco announces pay rise for staff, taking salaries (slightly) above National Living Wage February 2, 2016 Tesco is raising its hourly pay above the Living Wage threshold to £7.62, the supermarket announced this afternoon. The supermarket, which has just dropped its Bogof policy and is winding down the number of stores that operate for 24-hours, said the 3.1 per cent pay rise would come into effect across the UK "for all established colleagues". [...]
TfL Tube strike February 2016: Transport for London bosses warn staff they will lose £500 bonus if they strike February 2, 2016 Tube workers have been issued an ultimatum by Transport for London bosses over the forthcoming strike this weekend: they will lose their £500 bonus if they go ahead with the action. The walkout, over a long-running jobs dispute as TfL pushes ahead with ticket office closures, is due to start at 9pm this Saturday and [...]
Ted Cruz beats Donald Trump in Iowa caucus – but Democrat race is tight between Hillary Clinton and Bernie Sanders February 2, 2016 Ted Cruz has beaten Donald Trump for Republican candidacy in the crucial Iowa caucus last night – but the battle between Democrat candidates Hillary Clinton has come up surprisingly close. Cruz won 28 per cent of the vote in last night's primary, while Trump – who has in the past called Iowans "stupid" – took just 24 [...]
BP’s share price falls to six-year low as energy giant reveals worse-than-expected $2.2bn fourth quarter loss on back of falling oil prices February 2, 2016 BP's share price has fallen to its lowest level in nearly six years after posting worse-than-expected results this morning. Shares in the oil giant, whose replacement cost losses increased by 130 per cent, were down 9.5 per cent in mid-afternoon trading to 330 per share – the lowest in nearly six years, though still well [...]
