Revealed: The sums behind Khan’s backing of the Garden Bridge May 25, 2016 London Mayor Sadiq Khan has claimed that cancelling a controversial Garden Bridge across the Thames would cost more than completing the project. Speaking at Mayor's Question Time for the first time since his election, Khan said that almost £40m of public funds have already been spent by the Garden Bridge Trust. Of a total of [...]
Serco share price jumps after it hikes profit forecasts for 2016 May 25, 2016 Serco jumped after the outsourcer hiked its earnings forecasts for this year, citing several longer and more profitable contracts. It expects underlying trading profit to be no less than £65m, more than the previous estimate of £50m. This is on revenue about £2.9bn, which is also slightly above its earlier guidance of £2.8bn. Read more: Cameron slammed over Serco [...]
RMT’s vote for a strike over Night Tube will be Sadiq Khan’s first test as mayor of London May 25, 2016 Well, that parade has been been well and truly rained upon. At the start of this week, TfL announced – to widespread cheers – that the long-promised Night Tube would (finally) launch in August. That promise remains on track, but yesterday the sense of triumph was darkened by the prospect of more strikes. The RMT, [...]
City Moves for 25 May 2016 | Who’s switching jobs May 25, 2016 Carter Jonas Carter Jonas has recruited Paul Astbury as a partner and new head of compulsory purchase, working within its infrastructure team. Paul, who will be based out of Carter Jonas’ HQ in London, will work closely with the planning and development teams across the country, providing a market-leading compulsory purchase service to local authorities [...]
Now you can pitch your startup idea to a VC in an Uber May 24, 2016 Anyone with a startup idea can now pitch it to top investors, simply by getting an Uber on the streets of London. The on-demand startup is partnering with some of Europe's top venture capital firms – Atomico and EQT Ventures – for UberPitch, an elevator pitch but in an Uber car. Wannabe Zuckerberg's and Kalanick's will have 10 minutes to woo [...]
Volkswagen invests $300m in Uber rival Gett May 24, 2016 Volkswagen has invested $300m (£205m) in taxi on-demand service Gett, a rival to Uber, handing it a stake in some of Britain's black cab fleet and also indicating the future of the German car brand. Gett bought up Radio Taxis, adding more than 1,000 traditional cabbies to its fleet of 10,000 drivers in the UK earlier this year and [...]
We spoke too soon: Now maintenance and engineering workers are striking over Night Tube May 24, 2016 Thought a deal had finally been reached to launch Night Tube? Think again: the RMT union has confirmed that there's going to be a strike over the new 24-hour service – by maintenance and engineering workers. The much-maligned service was finally given a launch date of 19 August yesterday following months of delays while drivers' unions [...]
London Mayor has announced a raft of new deputy mayors, focusing on housing, transport and policing May 24, 2016 NULL
London mayor Sadiq Khan names his deputies for housing, transport and police – but Lord Adonis misses the top job May 24, 2016 The new mayor of London Sadiq Khan has revealed his deputy mayors, who will be charged with overseeing the capital's policing, transport and housing. Val Shawcross CBE, who has been a London Assembly member for 16 years, will be made deputy mayor for transport and deputy chair of Transport for London. For the last eight years she [...]
Night Tube is go: Launch date and launch lines for London’s first 24-hour service May 23, 2016 The Night Tube is go. London's new mayor Sadiq Khan has formally announced the 24-hour service will begin on Central and Victoria lines from 19 August, with Piccadilly, Jubilee and Northern lines to follow in the autumn. The launch – almost exactly a year to the date that it was due to go live – means that London [...]