Rail operators to lure commuters back to trains with bacon rolls January 27, 2022 Commuters are being lured back to trains via Greggs bacon rolls, as low passenger numbers spell crunch time for rail operators. A new complimentary breakfast rewards scheme has been hauled in by the Rail Delivery Group, with Omicron continuing to weigh on commuter levels. Those who sign up can also get their hands on free coffees [...]
Have your say: TfL asks Londoners about future of A10 Bishopsgate January 26, 2022 Transport for London (TfL) is asking Londoners to weigh in on the future of the A10 Bishopsgate walking and cycling scheme. Running until 25 July, the consultation will help TfL decide whether to extend the scheme’s life span beyond the 18 months which were initially agreed upon by the governing body in December. “As we [...]
Omicron pushing US Fed into action January 26, 2022 Stagflationary risks are rising as Covid variant extends disruption and central bank steps up to bring inflation under control. US inflation hit its highest level since 1982 at the end of 2021, with the consumer price index (CPI) reaching 7% year-on-year. The figures were widely anticipated, but only add to pressure on the US Federal [...]
InstaDeep raises $100m to ramp up development of ‘real world’ AI technology January 25, 2022 London-based AI firm InstaDeep has today announced $100m funding injection which it will use to fuel a global expansion and ramp up development of AI technologies.
Canary Wharf becomes latest Elizabeth line’s station to join TfL January 25, 2022 Canary Wharf has become the latest and penultimate station on the Elizabeth line to be transferred from Crossrail to Transport for London (TfL). “This is the ninth station to be handed over to TfL and marks another big milestone for the Elizabeth line before it opens for passengers in the first half of this year,” [...]
Go Ahead shares remain suspended with results overdue January 24, 2022 The UK's biggest train operator has requested an extension for filing its accounts after a disastrous year for the company.
Airline bosses call on government to rule out more border closures January 24, 2022 Airline bosses have called on government to rule out the introduction of border closures even if a new Covid-19 variant emerges, as the UK begins to put the pandemic behind it. Government last week brought an end to so-called Plan B restrictions, which saw self-isolation rules and work from home guidance scrapped. With signs of [...]
Timber titans: City of London bosses mull wooden skyscrapers in sustainability push January 23, 2022 City of London planning bosses are reportedly mulling wooden skyscrapers, as developers look to shrink their carbon footprint by moving away from steel and concrete. The so-called ‘plyscrapers’ are popular in Norway, Sweden, Singapore and Japan, and can reach several hundred feet high. The move could invite a host of new architecture to the Square [...]
City Moves: Who’s switching jobs in the Square Mile this week? January 21, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. CISI The Chartered Institute for Securities & Investment (CISI) has confirmed that its long serving CEO Simon Culhane will step down. Handing over the reins in September, Culhane will depart the top role after 18 years. Culhane, who grew CISI’s [...]
Sadiq Khan is fighting London’s pollution problem but it’s the capital’s infrastructure that must be the priority January 21, 2022 Last week, millions of Londoners were advised to stay indoors – this time not because of a Covid-19 lockdown, but because pollution in the capital was at the highest possible level. For a country supposedly leading the way in net zero climate action, this is an alarming indication of how far its capital still needs [...]