Canary Wharf buzz almost back as Elizabeth line sees passenger demand near pre-pandemic levels February 2, 2023 Passenger demand at Canary Wharf is now at 90 per cent of pre-pandemic levels on weekdays, according to new data. Transport for London (TfL) figures shared exclusively today with City A.M. show that travel demand on Thursdays has returned to 90 per cent of 2019 levels, while passenger numbers are exceeding pre-pandemic levels on most [...]
Christmas sales were a moment of reprieve as high streets play whac-a-mole February 2, 2023 Even the biggest retailers were severely dented by the pandemic, strikes, inflation and rising energy costs. It might be a game of whac-a-mole, but the high street is ready for another year, writes Richard Curry.
Elizabeth line hits the 100 million milestone with Tottenham Court Road the most popular destination February 1, 2023 Over 100 million trips have been made using the Elizabeth line since it opened last May, Transport for London (TfL) has revealed. Figures from TfL show that passenger numbers have been above expected levels, with around 600,000 trips made each day. “I’m so proud that we’ve now seen more than 100 million journeys since the [...]
The Notebook: Neil Bennett on strikes, why public markets matter and the Lehman Trilogy February 1, 2023 When my old friend James Ashton (former City Editor of the – ahem – Evening Standard) told me a few weeks ago that he had become CEO of the Quoted Companies Alliance, I felt like sending him my St Jude pendant, for the patron saint of lost causes. For the quoted company sector has been [...]
Strikes happening TODAY: Hundreds of thousands of school and rail workers walk out as students and commuters left stranded February 1, 2023 Hundreds of thousands of workers – including school teachers – are going on strike for what will be the biggest day of industrial action in more than a decade. Teachers in England and Wales, who are members of the National Education Union (NEU), will embark on their first day of strikes on Wednesday, which threaten to disrupt more [...]
Hydrogen darling ITM Power to cut over 100 jobs as it grapples with heavy losses January 31, 2023 Hydrogen player ITM Power has slashed staff numbers by more than 100 people in a bid to shore up costs amid heavy losses.
Walkout Wednesday: The London bus and train services affected by this week’s strikes January 31, 2023 Hundreds of thousands of workers will go on strike in separate disputes over pay, jobs and conditions in what will be the biggest day of industrial action in more than a decade. Teachers, university lecturers, train drivers, civil servants, bus drivers and security guards in seven trade unions will stop work on the same day. [...]
Strength in numbers, when we look and sound the same, we tend to also think the same January 31, 2023 Consensus is great for comfort (familiarity). However, be it legacy (group) thinking in an industry sector, or the blind spots that often come from being the incumbent, consensus is most definitely not great for voicing change, surfacing new ideas, driving innovation. Rory Sutherland talks about this from a Behaviour Psychology viewpoint. In the transport sector [...]
No, HS2 won’t stop in west London, but it does show us why transport projects fail January 31, 2023 Last week, the long delayed high speed railway HS2 had another turn around the rumour mill, following suggestions it would end in west London. The hint of another hurdle shows us why politicians often ruin transport projects, writes Adam Tyndall. HS2 is happening and it will terminate in central London – despite the latest flurry [...]
Hospitality braces for £100m in lost sales ahead of biggest day of strikes in over a decade January 30, 2023 Retail and hospitality figures have described strike action set to take place on Wednesday as “damaging” to the sector and “entirely avoidable”. Kate Nicholls, chief executive of UKHospitality told City A.M. she estimates union strikes this week will set the sector back a further £100m in lost sales, with “much of that impact being felt [...]