Steel group Severfield sets its sights on 1 Undershaft and Google’s new HQ after posting bumper first-half profits November 22, 2016 Steelmaker Severfield has posted bumper first-half profits for 2016 and set its sights on helping construct City skyscraper 1 Undershaft and the new Google headquarters in the capital. Shares in the structural steel group were up 12 per cent today to 69.79p after Severfield posted a 69 per cent rise in underlying profit before tax, at £8.1m, in the [...]
Gatwick boss Stewart Wingate wants government to approve his “complementary scheme” to Heathrow expansion November 21, 2016 The government gave Heathrow expansion the go-ahead last month, but Gatwick chief executive Stewart Wingate isn't feeling despondent. His focus is still on getting the government to give Gatwick the green light too. Speaking at the Airport Operators Association's annual conference, Wingate said: "My objective is to secure an additional runway at the earliest opportunity." "I [...]
Focus On Stoke Newington: Why leafy north London enclave Stoke Newington went from zero to hero on the housing market November 21, 2016 Stoke Newington, a leafy north London borough untroubled by a connection to the London Underground network, has become a byword for the kind of middle-class urban elite that drives UKIP voters round the bend. Once dismissed as a undesirable destination, the gentrification of Hackney has seen Stokey’s fortunes turn full-circle, and while it doesn’t yet [...]
Over three quarters of UK subcontractors don’t benefit from national infrastructure projects November 21, 2016 With Philip Hammond's first Autumn Statement on the horizon, the general expectation is that it'll be an infrastructure-laden announcement. And UK subcontractors are among many hoping they'll get some attention. Over three quarters (78 per cent) don't benefit from national infrastructure projects, according to new research from specialist funder Bibby Financial Services (BFS). Helen Wheeler, managing director [...]
Why there won’t be much property magic in the Autumn Statement November 21, 2016 There is a long list of measures which, were they to appear in this Wednesday’s Autumn Statement, would be regarded as a magical outcome for us real estate types. For example: serious increases in the capital budget to fund infrastructure, which is both a facilitator of new development and a prerequisite for community acceptance of [...]
Sadiq Khan wants Volkswagen to cough up £2.5m owed to London in congestion charges November 20, 2016 As if Volkswagen didn't have enough on its plate, now it's facing a £2.5m compensation demand from mayor of London, Sadiq Khan. Khan has written to the car giant after Transport for London (TfL) found that an estimated 80,000 of the 500,000 VW cars registered to addresses in the capital, were fitted with illegal defeat devices. So [...]
Second tram investigation launched after video shows a driver “asleep” at controls close to spot of tragic Croydon crash November 19, 2016 An investigation has been launched into footage that appears to show a tram driver "asleep" while driving a tram close to the site where a major crash occurred nine days ago. The driver in the video, who was doing 40mph two stops away from the crash area, had 50 passengers on board the rush-hour tram when the [...]
Steel yourselves: Storm Angus set to batter London tonight with 55mph winds and could affect commuters on Monday morning November 19, 2016 The first storm of Autumn 2016 is poised to batter London, the South and South East of England tonight and could cause disruption to commuters into Monday morning. Storm Angus will be whipping up a, err, storm, overnight when gales with storm-force winds developing over the English Channel will be swept overland from Dorset to Suffolk. London [...]
Full Croydon tram services resume after tragic Sandilands accident November 18, 2016 Tram services have resumed across the entire network following last week's tragic accident in Croydon. Seven people were killed after a tram derailed and overturned near the Sandilands stop in south London early last Wednesday morning. The tram driver was arrested on the same day the incident occurred, and questioned on suspicion of manslaughter. He [...]
London mayor Sadiq Khan confirms transport fares will be frozen November 18, 2016 Transport fares for Londoners will be frozen at current levels until 2020, Sadiq Khan has confirmed. The freeze in Transport for London (TfL) fares for the next four years means that everyone buying a bus or tram ticket in London will not pay a penny more next year than they did in 2016. Pay as you go [...]