Labour might ban London-listed companies from stock exchange over climate change targets May 10, 2019 London-listed companies could be thrown off the stock exchange for not doing enough on climate change under new plans which are being drawn up by Britain’s Labour party, it was revealed today. Shadow chancellor John McDonnell said today his party would delist companies which do not have plans to combat climate change. Read more: Britain [...]
Gett eyes 2020 flotation and profitability as it raises $200m at a $1.5bn valuation May 8, 2019 Taxi-hailing firm Gett said it has raised $200m (£153m) in additional funding yesterday, with a flotation on the cards “as soon as the first quarter of 2020”. It added it is on track to become operationally profitable globally by the fourth quarter of this year, including its US operation. Read more: Uber drivers to stage [...]
Uber drivers to stage nationwide protest tomorrow before headline IPO May 7, 2019 Uber drivers are gearing up for a national boycott of the app tomorrow ahead of the firm's highly anticipated public listing later this week. Uber drivers in London, Birmingham, Nottingham and Glasgow will not log into the app between 7am and 4pm tomorrow to protest at the IPO, which they claim will result in payouts to venture capitalists [...]
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 [...]