London Metals Exchange eyes China expansion with new warehouse plans May 7, 2019 The London Metal Exchange (LME) is in talks with the government of Guangdong province in southern China to expand its warehousing operations into the country, its parent company said today. Read more: London miner Central Asia Metals looks for acquisitions in copper space The plan would see the Hong Kong stock exchange (HKEX), which owns [...]
Of course we must protect the planet, but not by taking Britain back to the dark ages May 3, 2019 On Wednesday parliament declared a climate emergency. Then yesterday, the Committee on Climate Change published a series of recommendations on how to cut Britain’s carbon emissions, including banning the sale of petrol and diesel cars by 2035 and increasing the cost of air travel. Making this planet greener and cleaner is a goal shared by [...]
DEBATE: With another strike planned, should industrial action on the Tube be banned? May 3, 2019 With a strike planned over the FA Cup weekend, should industrial action on the Tube be banned? Keith Prince, the GLA Conservatives’ transport spokesman, says YES. Workers should have a right to redress, for example if they have legitimate safety concerns. But all too often, we have seen “safety” being used by unions as an excuse [...]
Crossrail: Watchdog blasts bosses for ‘driving up costs’ on London’s £17.6bn delayed Elizabeth Line May 3, 2019 Crossrail bosses took decisions that drove unnecessary cost into the troubled £17.6bn railway, a report by Whitehall's spending watchdog has found. A catalogue of errors including a "failure to change course" when it was clear the project was de-railing, as well as flaws in its own commercial strategy, led to cost increases and the current uncertainty [...]
London Underground staff to stage three-day Tube strike over FA Cup final weekend May 2, 2019 London Underground staff are preparing to stage a three-day strike over the weekend of the FA cup final over safety concerns. Engineering and maintenance members of the Rail, Maritime and Transport Workers Union (RMT) at depots across Greater London have voted to not book on for any shifts between 17 May to 20 May over cuts [...]
It’s time to stop arguing about expanding Heathrow – and get building May 2, 2019 Thankfully for the UK economy, the High Court yesterday quashed a challenge brought against the government’s decision to expand Heathrow Airport. No one questions the need for scrutiny. Indeed, detailed consideration for how to manage the impact of the expansion on local people – which for some will be significant – lies ahead through the [...]
Crossrail’s 2021 delay to cost TfL an extra £1bn in lost revenue, says Moody’s May 1, 2019 The delay to Crossrail until 2021 will cost Transport for London (TfL) £1bn in lost revenue, according to influential rating agency Moody's. The £1bn figure is between £300m-£400m more than TfL had forecasted in its 2018 business plan, published after the announcement in the summer that the £17.6bn railway would not open that December as planned. Read [...]
Prepare for take off: Heathrow airport expansion cleared by High Court May 1, 2019 The government today won a legal battle that had sought to stop its proposed £14bn expansion of Heathrow Airport. Read more: Revenue dips at Heathrow despite record passenger numbers Campaigners trying to block a third runway at the UK's biggest airport lost the High Court challenge after the court found that transport secretary Chris Grayling's airport national policy [...]
Michael Gove meeting ‘disappointing’, says climate protest group Extinction Rebellion April 30, 2019 Climate protest group Extinction Rebellion has said it was left “frustrated” by talks with environment minister Michael Gove today, because he would not declare a climate emergency. Read more: Climate protesters blockade Treasury in action against finance sector Activists said Gove committed to discussions with London mayor Sadiq Khan on holding a citizens assembly on [...]
Uber revamps app to offer London passengers a public transport option April 30, 2019 Uber is revamping its app to include public transport information that will allow users to compare journeys based on price and time. Using publicly available data from Transport for London (TfL), the app will grant users to access real-time information for services such as the Underground, Overground and DLR, which Uber says will allow them to [...]