Network Rail pays £316m in penalties for planned engineering works over the last year December 2, 2016 Network Rail has revealed which rail companies benefit the most from penalty payments for planned engineering works. And London's commuters may be shocked to hear the name that isn't at the top… No, neither Southern nor parent company Govia top the pile of operators which receive handouts from the publicly funded body in charge of Britain's rail infrastructure. [...]
New Builds: 600 new homes are set to be built on a site the size of three football pitches in south London December 2, 2016 The Quarry, Bexley A quarrying site that hasn’t been used in 40 years is set to be home to 600 new properties. The first new homes – 80 per cent of which will be modern family houses hoping to attract upsizers – will go on sale in the new year. There will also be a [...]
Uber is expanding its UberPool area just in time for Christmas December 2, 2016 Uber is more than doubling the area in London where its car-sharing option UberPool is available. From 4pm today, the service will cover all of zone three, including areas such as Streatham, Dulwich, Lewisham, Muswell Hill, Wimbledon and City Airport. The expansion comes one year after UberPool was launched in the capital. Uber's ride-sharing service allows users [...]
The ‘75%’ chance that the Santa Rally exists December 2, 2016 Stock markets are more likely to rise in December than any other month, according to analysis of nearly three decades of data. The analysis conducted by Schroders, which covers the world’s largest markets, adds to the debate over the existence of the “Santa Rally”, an alleged effect often dismissed by seasoned investors. Our analysis [...]
Berkeley Group’s shares leap after announcing in-line performance and solid cash foundations December 2, 2016 Shares in property firm Berkeley Group jumped over four per cent in trading this morning after revealing an "outstanding" balance sheet. The figures Half year revenue to the end of October leapt from £1.1bn to £1.4bn, with gross profit jumping from £391m to £504m. Profit before tax was £393m, up from £293m last year. The coffers at [...]
Christmas gift guide: All the luxury clothing and accessories gift ideas you’ll ever need December 2, 2016 We get it. You're busy. You're important. You have things to do, people to see. You don't have time for such fripperies as Christmas shopping. This year, instead of slogging around the shops anxiously trying to figure out what to buy for whom, just take our Christmas gift guide with you. Boom. Christmas shopping sorted. Don't [...]
Train fare rises 2017: Here’s how much train ticket prices are going up next year December 2, 2016 Brace yourselves commuters, for train fares are set to go up next year, rail industry leaders have confirmed. On average, train fares will increase by 2.3 per cent (and that covers all national rail fares from 2 January 2017). Firms can increase regulated fares – including season tickets – each year by no more than [...]
Southern rail commuters offered a Christmas windfall December 2, 2016 Over 84,000 Southern rail commuters will be offered a Christmas windfall following months of disruption. Southern's parent company, Govia Thameslink Railway, and the government are attempted to appease long-suffering passengers on the beleaguered line. Read more: Govia launches legal action against Aslef union to stop industrial action Season ticket holders on Southern will be able [...]
The ‘75%’ chance that the Santa Rally exists December 2, 2016 Stock markets are more likely to rise in December than any other month, according to analysis of nearly three decades of data. The analysis conducted by Schroders, which covers the world’s largest markets, adds to the debate over the existence of the “Santa Rally”, an alleged effect often dismissed by seasoned investors. Our analysis measured two [...]
Small companies Aim high: Junior market set for buoyant December, with five new floats in the pipeline December 1, 2016 The London Stock Exchange’s junior market is set for a buoyant month after a slow year for floats across the board. While initial public offerings (IPOs) on the main market appear to have almost ground to a halt, at least five new listings are due on the Alternative Investment Market (Aim) in the coming weeks as [...]