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      Claridge’s swings to £10m loss as luxury hotel warns on ‘adverse impact’ of tax hikes

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  • Buzzbike CEO: Urban bike ownership will be dead in a decade

    April 21, 2021

    It’s been a long-held belief that to make cities greener, more people need to own a bike. That’s not true; I’m of the firm belief that in fact, we’re witnessing the end of bike ownership in urban areas. At the peak of COVID last spring, Boris Johnson stood in his daily briefing and declared we [...]

  • Shaun Bailey London mayor election manifesto: Everything you need to know

    April 19, 2021

    Conservative mayor of London candidate Shaun Bailey today launched his election manifesto, with polling day on 6 May now just weeks away. The 56-page document outlined policies on areas such as the economy, the environment, transport, crime, housing and transport. City A.M. went through the manifesto with a fine tooth comb to bring you a snapshot of the [...]

  • Tesla share price slides following fatal car crash

    April 19, 2021

    Two people have died after a crash involving a Tesla in Texas, with authorities saying there was no-one in the driver’s seat. A Harris County constable told television stations in Houston that there was a person in the front passenger seat and another in a rear passenger seat after the crash in the Houston suburb [...]

  • London businesses demand return of the Night Tube amid delay until 2022

    April 15, 2021

    London businesses have demanded the resumption of the Night Tube after Transport for London (TfL) said earlier this week the service will not return until at least 2022. Andy Byford, the transport commissioner for London, said the capital’s struggling transport body lacked the resources to reinstate all-night Friday and Saturday services on the Victoria, Jubilee, Central, Northern, [...]

  • Exclusive: Covid-19 drives Londoners behind the wheel sooner than planned

    April 14, 2021

    London dwellers are now more likely to buy a car sooner than planned than in any other region of the UK as a result of Covid-19. New figures from Close Brothers Motor Finance, shared exclusively with City A.M., show that over a fifth of Londoners – 21 per cent – are now more likely to [...]

  • Landsec collects two-thirds of rents in last quarter

    April 13, 2021

    Property giant Landsec collected just two-thirds of the rent it was due as of the end of March due to continued disruption as a result of the pandemic. The FTSE 100 developer said that of the £110m it was owed by tenants as of 25 March, £33m was still outstanding five days after rent was [...]

  • Exclusive: Former TfL safety panel chief hammers rail watchdog over Croydon crash investigation

    April 13, 2021

    A former Transport for London (TfL) board member has written to the boss of the UK’s rail accident investigation agency demanding that the body revise the conclusions of its report on 2016’s fatal Croydon tram crash. Michael Liebriech, who was the chair of TfL’s safety panel at the time of the crash, wrote that the [...]

  • TfL passenger numbers jump as retail and hospitality reopen

    April 12, 2021

    Passenger numbers on Transport for London (TfL) services jumped this morning as people rushed to back to the capital’s shopping hotspots following the lifting of some lockdown restrictions. As of 10am this morning, there were around 670,000 taps in and out of Tube stations, about a third of pre-pandemic levels. TfL said that this was [...]

  • London mayor candidate: Labour voters will go Green over Starmer anger

    April 8, 2021

    Traditional Labour voters will back the Green Party in upcoming London local elections to send a message to Sir Keir Starmer, according to Green candidate Sian Berry. Berry told City A.M. that “a lot of people are frustrated with the Labour party” under Starmer and that there is “a real chance to bring people over [...]

  • Rail firms boost service levels ahead of next stage of lockdown lifting

    April 8, 2021

    Rail firms are cranking up their service levels in the build up to the next stage in the UK’s lifting of lockdown restrictions on 12 April. By next week, when retail and leisure facilities reopen, train franchises will be running 18,000 services a day, according to industry body the Rail Delivery Group (RDG). That’s more [...]

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