Tube set to open all night on Fridays and Saturdays November 21, 2013 THE TUBE will keep running through the night at weekends from 2015, in a plan hailed by firms as changing the face of London’s night-time economy. However, unions threatened strike action after TfL announced alongside the night Tube that it was scrapping ticket office staff. Mayor Boris Johnson said London will be “a city fit [...]
Focus on Canary Wharf: Riding on the wave of Canary Wharf November 7, 2013 Steeped in history, Canary Wharf was once part of the world’s largest port. Now the capital’s second most vibrant business district – after the ancient City of London – it is still a gleaming hub of international trade and commerce. The banks, law firms and media organisations that have joined its ranks have brought a [...]
Expansion in the United States helps revenues at Stagecoach October 29, 2013 RAIL and bus group Stagecoach got its investors revved up yesterday after it said trading had been good since April. Stagecoach said its UK buses outside of London had delivered five per cent like-for-like growth in the 24 weeks to 13 October. In London, extra revenues from transporting spectators during last year’s Olympics sent like-for-like [...]
How Labour can deliver on its pledge and tackle London’s housing drought September 24, 2013 HAROLD Macmillan made his reputation – and became Prime Minister – after delivering on his pledge to build 300,000 houses a year in the early 1950s. As Ed Miliband made clear yesterday, when he promised that a Labour government would ensure that 200,000 new homes were built annually by 2020, we now need similar ambition. [...]
Invest in the new Canning Town February 22, 2013 New development Vermillion is helping Canning Town become a thriving new area, says Naomi Mdudu CHARLES DICKENS may not have spoken favourably about the area in the mid-nineteenth century, but Canning Town is undergoing considerable changes. This month saw the launch of two new penthouse apartments in the luxury block, which span the top two [...]
Serco wins £100m extension to Docklands Light Railway work January 7, 2013 SERVICES company Serco has won an 18-month extension to its Docklands Light Railway (DLR) contract, worth around £100m, following a landmark summer for the transport system. The extended contract will run from April this year to September 2014 and will involve Serco operating, maintaining and marketing the DLR, which connects the City and the Docklands. [...]
How Londoners are driving away from the rest of Britain December 9, 2012 THOSE of us who work or live in London often have rather different habits than the rest of Britain. Transport is a case in point. No less than 51 per cent of the distance travelled every year by UK residents is as a car driver, and another 27 per cent as a car passenger. Rail [...]
Serco wins £170m pensions deal October 29, 2012 Outsourcing firm Serco, which runs the Docklands Light Railway, yesterday secured its first pensions deal. Serco, which also runs the Boris bikes scheme, will provide back office support services for life and pensions company Aegon in a deal worth £170m over the ten-year term. It will also manage some of Aegon’s so called “zombie” funds, [...]
Bob Diamond’s fiercest critic threatened by act of sabotage August 23, 2012 BANK-BOTHERING Labour MP John Mann won few friends in the City establishment with his robust denunciations of Bob Diamond during July’s hearings into Barclays’ abuse of the Libor rate. But the star of the Treasury select committee (who describes himself in press releases as “Outspoken Labour MP John Mann”) yesterday revealed that he had a [...]
Serco warns that sluggish sales in US will lead to a revenue dip June 26, 2012 OUTSOURCER Serco yesterday gave a downbeat trading update in which it said the US market was sluggish. The company, whose contracts include running prisons and the Docklands light railway, said it expected revenues to dip in the first half before picking up. It said the UK was proving resilient compared with its business across the [...]