Cyclists form human barrier in Old Street to protest bike safety concerns September 22, 2022 Around 350 cyclists gathered in Old Street earlier this morning to protest cycling safety concerns on one of the Capital’s most dangerous routes. The Make the Lane protest was organised by campaigner groups Camden Cyclists and Cycle Islington brought traffic to a standstill along the Clerkenwell boulevard route, on the way into the City. During [...]
TfL confirms Byford’s departure as COO Lord steps in on interim basis September 22, 2022 TfL has confirmed the departure of commissioner Andy Byford at the end of October as current chief operating officer Andy Lord steps in on an interim basis. Byford said he will leave the network and move back to the US, where he lived and was New York City Transit’s president. Announced today, Byford’s resignation comes [...]
Govt sets up two-phase approach to make City ‘most competitive place for financial services’ September 22, 2022 The UK Government has set-up a two-phase approach for the City of London in a bid to make the capital “the most competitive place for financial services in the world.” Chancellor Kwasi Kwarteng will unveil an initial set of reforms in his fiscal statement tomorrow, while presenting a more comprehensive package later this autumn. Government [...]
Sadiq Khan: Income tax cuts to ‘disproportionately benefit’ wealthiest September 22, 2022 The Chancellor’s proposed cuts to income tax will “disproportionately benefit” society’s wealthiest, according to an analysis by the Greater London Authority (GLA). Figures showed that, by introducing a 1p cut, those on a £150,000 per year salary would have a tax relief of £1,950 while those earning the least would not see any benefit. “Tomorrow’s [...]
Playtech registers ‘ahead of expectation’ performance as earnings up 64 per cent September 22, 2022 Playtech’s registered a “ahead of expectations” performance driven by growth in both the Americas and Europe. For the six months ended 30 June, the gambling developer posted an adjusted EBITDA of £178m (€203.8m), up 64 per cent on last year’s levels. The company’s revenue went up 73 per cent to €792.3m, while its adjusted post-tax [...]
Sadiq Khan sets up £500m funding facility to cover TfL finance gap September 21, 2022 London mayor Sadiq Khan has set up a £500m funding facility to cover the £230m gap left by the government’s long-term funding of Transport for London (TfL). Khan said that City Hall’s funding facility – which could not be introduced earlier because TfL’s financial gap was too big – will be available to the transport [...]
IAG boss predicts all group airlines will return to profit this year September 21, 2022 All of IAG’s subsidiary airlines will post profit this year, according to the group’s chief executive Luis Gallego. “We foresee all the airlines of the group to make profits again this year,” the chief executive told journalists on Wednesday while refraining from elaborating on specific carriers. IAG owns British Airways (BA), Iberia and Aer Lingus, [...]
Willie Walsh: China’s Covid policy cost Hong Kong aviation hub status September 21, 2022 China’s zero-Covid policy has cost Hong Kong its status as an aviation hub, according to veteran Willie Walsh. A former chief executive of BA’s owner IAG, Walsh is now at the helm of airline trade body the International Air Transport Association (IATA). The director general blamed China’s Covid policies for “devastating” the Hong Kong aviation [...]
Over 2,000 London bus drivers to strike on 4 October September 21, 2022 More than 2,000 London bus drivers are set to strike on 4 October in a dispute over pay, the union Unite announced on Wednesday. Running continuously until workers receive a pay rise in line with the retail price index, Unite said, the strike will affect eight depots across North London – including Tottenham and Wood [...]
Rail union consults members over fresh strike action at Govia Thameslink September 21, 2022 Rail union TSSA will consult members over a fresh strike action at Govia Thameslink Railway (GTR) in a long-standing dispute over pay, jobs and working conditions. The ballot – opening on 28 September and closing on 19 October at 12pm – will put to its members both the possibility of strike action and action short [...]
