Middle Eastern investor buys up Sullivan & Cromwell’s European HQ January 4, 2017 A Middle Eastern investor has snapped up 1 New Fetter Lane, the European headquarters of international law firm Sullivan & Cromwell. UBS Triton Property Fund sold the Grade A property, which is located just south of Holborn Circus, for £69m. Sullivan & Cromwell recently agreed a new lease on the building which will end in 2026. Read [...]
The Square Mile wants a ban on all diesel minicabs by 2020 January 4, 2017 Leaders in the City are calling on the Mayor of London to ban diesel mincabs in the capital in a bid to reduce pollution. The City of London Corporation wants Sadiq Khan to ban all diesel vehicles used by companies such as Uber and Addison Lee by 2020. New licenses would not be given to [...]
Sadiq Khan’s fares “freeze” fails commuters – and will still hit Tube investment hard January 4, 2017 New Year's resolutions are like the mayor of London’s election promises – often made with good intentions but almost always broken a few months down the line. As we ring in 2017, commuters here in the capital will be seeing the cost of their travelcards go up by 1.9 per cent – the result of [...]
This study says Uber-style ride-sharing and carpooling could dramatically reduce city traffic January 3, 2017 London's roads – and the millions of people who travel on them – have reached an unprecedented gridlock. Congestion is estimated to be costing businesses in the capital £237m every year, while Londoners are wasting a week each year, on average, stuck in traffic jams – not to mention the impact on people's health of high [...]
Labour and the Conservatives can’t stop blaming each other for rising train fares January 3, 2017 London's Labour mayor Sadiq Khan and Conservative politicians are blaming each other for the rising cost of rail travel this morning. Commuters returning to work this week are set to see their train fares rise by an average of 2.3 per cent. And both sides of the political spectrum have gone on the attack this [...]
Rail passenger group urges Southern to freeze fares to “rebuild trust” January 3, 2017 Freezing fares for Southern passengers would "help to start rebuild trust" in the franchise, a rail passenger group has said. Transport Focus urged Southern to freeze ticket prices after "months of misery they have experienced". Passengers were beset by strikes and disruption for much of 2016 – and the misery will continue into this year, [...]
Rail fares have increased twice as fast as wages in the past 10 years January 3, 2017 Ah, January. No alcohol, running in the cold – and the traditional annual rail fare increase. This year, fares are set to rise by 2.3 per cent, while Tube fares are also due to rise (despite Sadiq Khan's assurances to the contrary). And if that doesn't make you miserable enough, new research has shown UK [...]
New Year’s Eve London fireworks: Police to tighten security in the capital following terror attacks in Europe December 31, 2016 Police forces have stepped up their security measures to protect Londoners out celebrating New Year's Eve in the capital tonight. Recent atrocities in Europe have prompted counter-terror forces to tighten and modify security in Central London to prevent the kind of vehicle based attack on pedestrians witnessed in Nice and Berlin earlier this year. Read more: Where to watch London's New [...]
From the wrong kind of snow to wet leaves: The Elizabeth line is undergoing all-weather testing to be ready come rain or shine December 30, 2016 You know all those recent disruptions the Piccadilly line was dealing with due to wet leaves and pesky cold weather? Well, Transport for London (TfL) is making sure that come rain or shine, the Elizabeth line will not suffer such a fate. In fact, it's currently undergoing some gruelling testing in readiness for any possible weather [...]
As freezing fog settles across the South East, here are all the travel delays and disruptions taking place in London in the run-up to New Year’s Eve December 30, 2016 New Year’s Eve can be a hectic period for travel, and this year has the added trouble of thick fog and ice causing concern, on top of a planned Southern rail strike. Drivers have been warned to be wary of fog and sub-zero weather conditions across large swathes of England. Freezing fog has settled in [...]