Airports are raising drop-off charges to record highs – so which London hubs are cashing in? July 13, 2023 Drivers taking relatives and friends to the airport should “brace themselves” for record drop-off charges this summer, the breakdown firm RAC has warned. The RAC’s investigation, which analysed charges across the UK’s busiest airports, reveals seven in 21 airports have hiked fees in the last year, with London Stansted topping the table at £7. Airports [...]
HS2 chief executive quits as soaring costs and delays continue to mount July 12, 2023 HS2 Ltd’s longest serving chief executive has announced his resignation from the project amid ongoing criticism over soaring costs and delay. 56-year old Mark Thurston – who was paid a salary of £617,300 in 2021/22 – will depart at the end of September after six and a half years at the helm. In a statement [...]
Five Rightmove ads that show how screwed the London rental market is July 12, 2023 London’s rental market is hellish, with landlords selling up to avoid hefty mortgage payments and its supply pool dwindling daily, renters in the capital have their work cut out for them trying to find a place to call home. City A.M. has trawled the pages of Rightmove to showcase some of the ‘premium’ pads on [...]
London Underground drivers announce new July strike dates July 10, 2023 London Underground drivers are to strike this month in a long-running dispute over pensions and conditions. Aslef said its members will walk out on July 26 and 28, coinciding with industrial action by members of the Rail, Maritime and Transport union. Finn Brennan, Aslef’s full-time organiser on London Underground, said: “We take action only when [...]
DWF shares surge 40 per cent amid takeover talks with private equity firm July 10, 2023 Shares in legal services outfit DWF rocketed today after the firm revealed it was in talks with London-based Inflexion Private Equity Partners regarding a possible buyout. In a statement to the London Stock Exchange, DWF said it was in talks for a deal worth about £342m. Shares in DWF soared as much as 40 per [...]
City Pages: The 10 books that should be on your list this summer July 10, 2023 From classic to contemporary, thriller or Booker prize winner, the City A.M. team picks the 10 top books that should be on your list this summer. 1. Victory City by Salman Rushdie It’s Rushdie, so you know it’s gonna be good, but this is really good. Framed as a translation of a 15th Century Sanskrit [...]
DART rail system has been a ‘gamechanger’ for Luton Airport, says chief executive July 10, 2023 The launch of the Luton DART rail system has “simply been a gamechanger for the airport,” the boss of Luton Airport said, amid plans to expand its passenger cap to upwards of 19m. Speaking to City A.M. Alberto Martin, London Luton’s CEO, said that the new rail transit system will also play a “pivotal role” [...]
London Underground workers to STRIKE at end of July – here’s all you need to know July 7, 2023 London Underground workers are to take industrial action in a long-running dispute over jobs, pensions and conditions. The Rail, Maritime and Transport union (RMT) said its members will take strike action from July 23 to 28. The RMT said there will be no strike on Monday July 24, while workers in different grades will take action on each of [...]
Government has no idea what it is trying to achieve with ‘floundering’ HS2 Euston project, MPs warn July 7, 2023 MPs have slammed the government’s handling of a “floundering” HS2 Euston project this morning, amid mounting criticism over the scheme’s soaring costs and ongoing delays. In a highly critical report, the Public Accounts Committee (PAC) called on the Department for Transport (DfT) to “finally establish” its plans for the station against what it is willing [...]
Sadiq Khan lacks legal authority for ULEZ expansion, court told July 4, 2023 The mayor of London Sadiq Khan lacks the legal authority to expand the Ultra-Low Emission Zone (ULEZ), five Conservative councils told London’s High Court this morning, marking the beginning of a two-day judicial review hearing. Represented by Craig Howell Williams KC – Bexley, Bromley, Harrow, Hillingdon and Surrey – are challenging the mayor over the [...]