Silvertown Tunnel contract costs increase by £200m March 11, 2020 The cost outlay for the controversial Silvertown Tunnel appears to have risen by £200m to £1.2bn. Transport for London (TfL) last night publicly released the contract it had finalised with the Riverlinx Consortium in November. The twin bore road tunnel, which is opposed by many environmental groups and local councils, will connect Greenwich with the Docklands [...]
Balfour Beatty set to delay £200m share buyback due to coronavirus March 10, 2020 Construction giant Balfour Beatty has delayed its planned £200m-plus share buyback due to coronavirus-related stock market turmoil. The group were reportedly going to announce the buyback tomorrow alongside the release of its annual results, according to Sky News. However, a source has told Sky that Balfour – who are one of the main contractors for [...]
Police watchdog probe into Johnson and Arcuri not expected before May March 10, 2020 A police watchdog report into Boris Johnson’s relationship with US businesswoman Jennifer Arcuri is now not expected until May at the earliest. The Independent Office for Police Conduct (IOPC) is probing Johnson’s relationship with Arcuri to see if the Prime Minister could have engaged in criminal misconduct when he was mayor of London. The police [...]
Treasury to push back target date to sell off RBS stake March 10, 2020 The Treasury is set to push back its target date for selling its stake in the Royal Bank of Scotland (RBS) in the wake of stock market uncertainty. The government is due to announce tomorrow that it will not divest its 62 per cent stake in RBS until 2025. An exit strategy the Treasury published [...]
Coronavirus: Rory Stewart cancels London mayoral campaign launch March 10, 2020 Rory Stewart has cancelled his London mayoral campaign launch due to fears over coronavirus. Stewart yesterday criticised the government for not acting “much more aggressively” to stop the spread of Covid-19 and called for all schools to to be closed and all large public gatherings cancelled immediately. Last night, he said it was important for [...]
Sadiq Khan on track for landslide London mayoral election win, says new poll March 10, 2020 Sadiq Khan has extended his lead in the mayoral election race and is on track to score an easy victory, according to new polling. The YouGov/Queen Mary University polling, released today, has Khan in first place with 49 per cent of first preference votes for the upcoming 7 May London mayor election. That is four [...]
Alex Salmond faces second day of sexual assault trial March 10, 2020 Alex Salmond will face more of his accusers in the second day of his sexual assault trial, after yesterday it was alleged he “pounced” on top of a woman and tried to rape her at the first minister’s residence. The former Scottish first minister has today arrived at the Scottish High Court in Edinburgh, with [...]
Coronavirus provides ‘market opportunities’ for TP ICAP March 10, 2020 TP ICAP’s full year earnings were in line with expectations today as the firm reported that coronavirus uncertainty could create more opportunities going forward. The world’s largest inter-dealer broker released its full year results today, recording £1.83bn in group revenue – a four per cent increase. This translated into operating profit of £279m, which was [...]
SME group calls for next London mayor to lobby for business rates reform March 10, 2020 The next mayor of London should focus their energies on improving renting conditions for businesses and lobbying the Treasury for rates reform, according to a leading business advocacy group. The Federation of Small Business’ (FSB) mayoral manifesto, released today, calls on the next mayor to pressure “major landowners” to sign on to a “supportive small [...]
TfL releases designs for temporary Hammersmith Bridge March 9, 2020 Plans to build for a temporary cyclist and pedestrian bridge alongside the partially closed Hammersmith Bridge have been unveiled by Transport for London (TfL). The temporary bridge would allow the Hammersmith Bridge, which has been closed to traffic since April, to completely shut in order to prepare for restoration works. The temporary structure would provide [...]
