All aboard: Searches for homes near London stations soar – CityAM : CityAM September 30, 2021 The rush back to the office has inspired a jump in searches for homes close to London stations that give them a quick commute into the City. House hunters were keen to have speedy access to Central London, as the momentum behind the office return ramped up, according to data from RightMove, shared with CityAM. [...]
Go-Ahead shares plummet after company hid £25m of taxpayer funding September 29, 2021 Go-Ahead group shares fell by 24.93 per cent after it was revealed that the Southeastern train operator had hidden taxpayer funding from the Treasury. The government has announced it will take control of the Southeastern rail contract after the transport company admitted financial errors and repaid £25m of historic taxpayer funding which should have been [...]
Shares collapse for London-listed firm behind Southeastern train operations September 28, 2021 One of the companies behind Southeastern train operations, which the government took control of this morning, has had its share collapse nearly 25 per cent. Southeastern is operated by Govia, a joint venture between transport operators Go-Ahead (65 per cent) and Keolis (35 per cent). Go-Ahead’s shares plunged 24.98 per cent to 769p per share [...]
Brexit has fuelled gasoline crisis, admits Grant Shapps September 28, 2021 Transport Secretary Grant Shapps has back tracked to admit that Brexit “no doubt will have been a factor,” in the ongoing fuel crisis. Despite pushing back last week on accusations that Brexit was to blame for the current shortage of Heavy Goods Vehicle (HGV) drivers, Shapps admitted this morning in comments to the BBC that [...]
Consultancy ads for driverless Tube trains prompt unions to issue strike threat September 28, 2021 A range of adverts for a consultancy contract to explore the introduction of driverless trains on London Underground has prompted a leading rail workers union to raise the threat of industrial action. The Rail, Maritime and Transport union said the move was part of Government-driven spending cuts on the Tube. General secretary Mick Lynch said [...]
Government to take control of all Southeastern rail services September 28, 2021 The Government announced this morning it is taking over all services of train operator Southeastern after a “serious breach” of its franchise agreement. Transport Secretary Grant Shapps said an investigation by his department identified evidence that since October 2014 the company has not declared more than £25m of historic taxpayer funding which should have been [...]
Downing Street has cycling lanes row with TfL over £100m funding allocation September 27, 2021 Long-running tensions between Downing Street and City Hall have ignited again, after Transport for London (TfL) were slapped down over plans to give £100m to councils that have ripped out cycle lanes. Documents obtained by The Telegraph showed that TfL wanted to give £100m to councils that had removed cycling lanes and eliminated low traffic [...]
Why capex is key to solving the supply chain issues hampering the economy September 27, 2021 There are many incentives for capital expenditure (capex). Companies may invest in new technologies that help boost productivity and allow them to become more efficient. Or there may be inflationary pressures that companies want to offset with less waste, or through new equipment that will allow them to become more productive but will also help [...]
Boris Johnson mulls calling in army to deliver fuel as pumps run dry after weekend of panic buying September 27, 2021 Prime Minister Boris Johnson is said to be weighing the option to let soldiers drive fuel trucks as pumps ran dry after a weekend of panic buying. Emergency measures were triggered late last night, with Business Secretary Kwasi Kwarteng choosing to suspend competition laws for the fuel industry to allow suppliers to target filling stations [...]
Exclusive: Waterloo and City line set to fully reopen “very, very soon” September 27, 2021 Transport for London’s (TfL) Commissioner has said that crucial commuter artery the Waterloo & City line could fully reopen by the end of the year. “The fact that the City is now getting busier means we are actively looking at when we can increase to full service on the Waterloo & City line so I [...]