Week ahead: UK economy to narrowly avoid recession but GDP still expected to shrink February 5, 2023 The UK economy narrowly avoided a recession at the end of last year, new official figures out this week are expected to reveal. City traders think new GDP numbers from the Office for National Statistics on Friday will show the economy contracted 0.3 per cent in December, meaning the UK will have just about skirted [...]
‘Bloody rail strikes!’: Union boss is late to own picket at Euston as he warns walk-outs could go to 2026 February 3, 2023 Strikes by train drivers could continue for three more years, a trade union boss has warned – as he was late to his own picket because.. of rail strikes. Aslef general secretary Mick Whelan spoke as the majority of Britain’s train services were cancelled on Friday due to industrial action. Train driver members of Aslef [...]
Train strikes today: How will lines servicing London be affected by Friday’s walk-outs – and is there any end in sight? February 3, 2023 Britain’s train services are being hit by strike action again on Friday, but the capital will remain largely unaffected – as long as you don’t have to commute in or out of London. Who is striking and why? Train driver members of Aslef and the Rail, Maritime and Transport (RMT) unions are walking out in [...]
Bank Station: Cars will be banned from Square Mile accident blackspot as works to make area safer begin later this month February 2, 2023 One of the Square Mile’s most dangerous junctions is to go car-free in a bid to save lives and make it more tourist-friendly. The Queen Victoria Street junction with Bank Station will permanently close on 13 February, with the City of London Corporation embarking on a major redevelopment program. There is set to be major [...]
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.