Airline stocks push FTSE 100 back into the red as coronavirus fears mount March 2, 2020 Airline stocks continued to plunge this morning as more flights were suspended on the back of growing fears over the spread of the coronavirus outbreak. British Airways owner IAG was the FTSE 100’s biggest faller, shedding another nine per cent this morning to land at 426.20. The fall means that since 23 February IAG has [...]
London Underground workers to be balloted on tube strikes in pay row February 28, 2020 London Underground’s thousands of workers are to be balloted on tube strikes as the long-running dispute over pay continues. The Rail, Maritime and Transport (RMT) union has said it will ballot the 10,000 staff across the underground after more than a year of negotiating yielded no results. The union said London Underground had failed to [...]
Coronavirus: the investment impact in seven charts February 28, 2020 The spread of coronavirus, COVID-19, beyond China has created fresh uncertainty for the global growth outlook and sparked volatility in financial markets. Outbreaks in South Korea, Iran and Italy have raised concerns that the spread outside of China may be accelerating. We offer key facts on the spread of the virus, interspersed with views from [...]
UK braced for 70mph winds and downpours as Storm Jorge makes landfall today February 28, 2020 The UK is braced for yet another weekend of severe weather as Storm Jorge prepares to make its landfall later today. The Met Office has issued rain warnings for parts of Wales and Northern England, saying that parts of the country could see 60-80mm of rainfall in the worst affected areas. London and the south [...]
Focus on Isle of Dogs: Dog days are over for once-neglected peninsula as new development abounds February 28, 2020 There are two questions that residents of the Isle of Dogs are often asked. First, why is it called the Isle of Dogs? The boring explanation is that it’s a corruption of a more sensible water-related name like the Isle of Ducks. The grim one is that it was so called because of the sheer [...]
Aviation expansion is a no-brainer February 27, 2020 It’s 1968, and the Harold Wilson government’s official Roskill Commission begins to look into the possibility of a third airport for London. Heathrow is increasingly full and anybody with any foresight can see that aviation traffic is only going to become more important in the modern economy. His recommendation is an airport in Buckinghamshire, but [...]
Court date set for Uber’s London ban appeal February 27, 2020 The court date for Uber’s appeal of its London ban is set for 6 July, with a judge deciding today that the capital’s largest taxi union can take part in the proceedings. Chief Magistrate of England and Wales Emma Arbuthnot ruled today that the Licensed Taxi Drivers’ Association (LTDA) are an “interested party” in the [...]
Heathrow third runway: Businesses react as High Court blocks expansion February 27, 2020 Climate groups reacted joyously this morning after the Court of Appeal upheld their challenge to the planned third runway expansion of Heathrow Airport. However, business groups expressed their “bitter disappointment” at the decision. In a seismic decision for environmental campaigners, the court found that the government’s policy statement for the third runway was “unlawful” as [...]
Heathrow third runway plans ruled ‘unlawful’ as legal challenge upheld February 27, 2020 Heathrow Airport’s third runway expansion has stalled, after a challenge in the high court was upheld in the Court of Appeal. The court found that the government’s policy statement for the third runway was “unlawful” as it did not take into account the government’s commitment to the Paris Climate Agreement, a challenge brought by mayor [...]
St Mary Axe set to be closed to cars in peak times for trial period February 26, 2020 The City’s St Mary Axe is set to be pedestrianised at peak times for a trial period as the Square Mile moves closer to a future with less cars on the roads. The City of London Corporation has moved plans forward to close the street to cars for most of the work day for a [...]