Entire Tube line could close as TfL financial crisis deepens November 25, 2021 Transport for London (TfL) is currently considering closing down an entire Tube line as a result of its difficult financial situation. TfL’s chief financial officer Simon Kilonback told the operator’s finance committee that TfL could see the “full closure of a line or part of a line or smaller reductions across the whole network.” “We [...]
Soaring inflation in construction could spell disaster for housing in England November 25, 2021 The construction industry has been hit badly by inflation. Material prices are up: in terms of year on year increase, structural steel is at 65 per cent, reinforcement steel is at 62 per cent and plywood is at 56 per cent. Familiar supply chain problems are causing delays, and the cost of both energy and [...]
Seraphim injects $12.5m into Tokyo’s space debris pioneer Astroscale November 25, 2021 London-listed Seraphim Space Investment Trust has injected $12.5m into Tokyo-headquartered Astroscale, as the blossoming space sector takes hold internationally. The Japanese space-tech firm also recently snagged $109m in a series F funding round. With billionaire entrepreneurs pinning their next ventures on what lies beyond Earth – the market has become more financially accessible to smaller, [...]
Why consistency matters November 24, 2021 Despite an eventful decade that has proved unsettling for markets, The Henderson Smaller Companies Investment Trust has consistently outperformed its benchmark by looking through the noise and sticking to its tried and tested investment process. In this article, Neil Hermon, Portfolio Manager of the Henderson Smaller Companies Investment Trust, explores moments that have defined the [...]
EV industry welcomes government’s home charging rules November 22, 2021 The EV industry has welcomed the UK Government’s announcement that owners of newly built homes and commercial buildings will need to instal electric vehicle (EV) charging points. The new regulations will lead to 145,000 additional EV chargers installed across the UK every year, and it was announced a few weeks after Prime Minister Boris Johnson [...]
British Airways threatens to cut Heathrow flights if recovery-undermining airport charges don’t come down November 22, 2021 The boss of British Airways’ parent company warned today that the airline will cut Heathrow flights if proposed increases in charges are implemented, IAG chief executive Luis Gallego said the west London airport’s fees are already among the highest in the world and are becoming “more and more expensive”. In October, the Civil Aviation Authority [...]
Another strike: Londoners face severe tube disruption on 26-28 November, 3-5, 10-12, 17-18 December November 22, 2021 Transport for London (TfL) is hitting back at the strike action planned by the National Union of Rail, Maritime and Transport Workers (RMT), warning that commuters could face severe disruptions because of the “unnecessary strikes”. If going ahead, the strikes – which will disrupt services on two days and eight nights between 26 November and [...]
London needs to have the powers to control its own destiny – and transport November 22, 2021 It is no longer headline news that Transport for London is facing a financial crisis. Last week the mayor of London revealed the network needed £1.7bn over the next 18 months simply to balance its books, and at least £1.3bn every year to make essential upgrades on the Tubes, trains and buses. This summer, Tfl [...]
Service resumed: Waterloo and City line restored to pre-pandemic timetable November 22, 2021 The Waterloo & City line has returend to a full time-table today after 20 months of closures and restrictions during the pandemic.
Crossrail’s trial operations to begin ahead of opening November 22, 2021 Trial operations on the Crossrail are finally underway ahead of its opening in the first half of 2022, almost three years after the project’s initial deadline. Operations will involve exercises to ensure the project’s safety and reliability, while also testing the timetables. Over the coming months, more than 150 scenarios will be carried out – [...]