TfL: Network planning for “managed decline” and return to 1970s without Whitehall funding November 18, 2021 LONDON’S transport network is headed for “managed decline” that will echo the 1970s if central government refuses to fill a growing funding black hole. Late on Wednesday evening, TfL’s finance committee published the bleakest assessment yet of the future of London’s public transport network, outlining an 18 per cent reduction in bus services and a [...]
Lower than forecast ULEZ receipts hit transport network’s coffers November 18, 2021 The expansion of London’s Ultra Low Emission Zone (ULEZ) has been so successful in driving down the use of heavily-polluting cars that it has blown a £600m hole in TfL’s forecasted budgets. The ULEZ was expanded out to the north and south circular in October as part of the Mayor of London Sadiq Khan’s push [...]
Crypto markets steady as major coins stabilise November 18, 2021 The cryptocurrency markets are broadly flat this morning, with Bitcoin (BTC) stabilising around the $60,000 support level after dropping 15 per cent from its recent record high of around $69,000.
Jet2’s operating losses go up due to customer anxiety November 18, 2021 UK low-cost carrier Jet2 registered a 53 per cent increase in operating loss as a result of the Covid-19 air travel restrictions and consequent customer anxiety. In its half year results, the airline’s losses went up to £170.4m, compared with £111.2m registered in 2020, while the group’s loss before foreign exchange revaluation and taxation increased [...]
Murdoch accuses Google and Facebook of trying to ‘silence conservative voices’ November 18, 2021 Rupert Murdoch has accused tech giants of trying to “silence conservative voices” and “censorship”.
Costa Coffee will serve M&S food from next year November 18, 2021 Costa Coffee and M&S Food have joined forces so that customers visiting the coffee chain will be able to order M&S items. The collaboration, titled Costa Coffee Now Serving M&S Food, will launch next year and mean Costa customers can order more than 30 M&S menu items. The range will be available in more than [...]
Bitfinex launches web browser version of Honey Framework November 18, 2021 Crypto trading platform Bitfinex has launched a web browser version of the Honey Framework - a terminal that enables traders to custom algorithmic orders and trading strategies.
We’re probably not losing our marbles November 18, 2021 The Elgin marbles are causing a stir -again- after Boris Johnson and his Greek counterpart Kyriakos Mitsotakis met on Monday. The Greek PM insisted once more that the outstanding sculptures belong to Greece, while Boris shook off responsibility saying it is a matter for the British Museum. The British claim to the marbles dates back [...]
Grainger resilient against pandemic side effects as pre-tax profits soar November 18, 2021 The UK’s largest listed residential landlord Grainger has reported a higher pre-tax profit after revenue was driven by roaring housing demand. In results for the year ended 30 September, the property firm declared profit before tax up 53 per cent. What’s more, adjusted earnings rose two per cent while like-for-like rental growth saw a one [...]
Finance professionals should view technology as friend, not foe November 18, 2021 This article first appeared in ICAS’ CA magazine. Digitalisation is not an optional extra, but a chance to reimagine how we create value for business, clients and public, says Bruce Pritchard CA For those of a certain age, there’s been a blink-and-you’ll-miss-it element to the pace of technological innovation. In the past 30 years, we’ve seen [...]
