Inflation jitters deal chilling blow to London markets June 10, 2022 Fears over inflation dealing a chilling blow to the global economy and the prospect of a more restrictive monetary policy environment weighed on London markets today. The capital’s premier FTSE 100 index dipped 0.94 per cent to 7,405.77 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the [...]
Exclusive: Protium enjoys record hydrogen funding round to power green ambitions June 10, 2022 Protium has enjoyed the largest ever funding round in the UK for a hydrogen energy company, securing over £40m of investment.
‘Summer of discontent’ looms as THIRD rail union threatens to strike and plunge country into travel mayhem June 10, 2022 The country has been plunged into further travel mayhem with rail drivers union TSSA set to join the train alongside RMT and Aslef. The organisation served notice to ballot hundreds of staff for strike action at Avanti West Coast, over pay, conditions and job security. Transport and Salaried Staffs’ Association (TSSA) General Secretary Manuel Cortes [...]
Mayor pleads with DfT to hold urgent talks over TfL long-term funding June 10, 2022 London mayor Sadiq Khan has pleaded with the Department for Transport (DfT) to hold talks over reaching a long-term funding for the battered Transport for London (TfL). The latest funding round amounted to £200m and is set to expire on 24 June. “While we are grateful for the support you have provided to date, its [...]
Walking in London: Now is the time to rediscover the capital, by foot June 9, 2022 One of the perverse effects of lockdown was to get people walking more. Public transport was off-limits, but exercise and a change of scenery was necessary to stave off cabin fever, so citizens of the capital found themselves strolling the city streets in a way they hadn’t before, with many taking the opportunity to look [...]
First Group rejects £1.2bn takeover bid from private equity I Squared June 9, 2022 Public transport titan First Group has rejected a £1.2bn takeover bid from US private equity I Squared. FirstGroup is the latest UK company to be sought after by foreign investors, as rival Stagecoach was snatched from underneath National Express by German asset manager DWS in late May. In an update to the London Stock Exchange, [...]
Sadiq Khan blames govt funding for ‘extremely frustrating and disappointing’ tube strike as Unite joins RMT walk-out June 8, 2022 City Hall lambasted the government’s refusal to grant Transport for London (TfL) long-term backing, blaming it for indirectly causing the tube strike scheduled for 21 June. The strike is the latest disruption to affect the Transport for London (TfL) network after 4,000 tube workers walked out on Monday. “At the heart of this industrial action [...]
During Platinum Jubilee weekend London Underground returned to pre-pandemic passenger levels for first time June 8, 2022 Londoners returned to the Underground in record numbers last weekend for the Platinum Jubilee, with passenger numbers exceeding pre-pandemic levels for the first time in more than two years. Figures released by the Department for Transport today show tube-users were up 118 per cent and 108 per cent on 2 and 3 June, representing a [...]
Travel mayhem to hit Londoners as another union joins tube strike June 8, 2022 Travel mayhem is expected to hit Londoners as members of the union Unite working for Transport for London (TfL) and London Underground are set to join the strike called by the RMT union for 21 June. The union announced that more than 1,000 of its members will join the 10,000 workers striking over job cuts [...]
Electric classic Mini is London’s coolest new cab June 8, 2022 Small Car Big City's Mini has been converted to electric power and is awaiting a private hire licence from Transport for London. We drive it.