London mayoral election 2016: Labour candidate Sadiq Khan pledges review of Crossrail 2 station in Chelsea April 7, 2016 Labour's London mayoral candidate Sadiq Khan has said he will review plans to build a station for Crossrail 2 in Chelsea after lobbying by local residents. Transport for London (TfL) has planned for a £1bn Crossrail 2 station in Chelsea, but local group No Crossrail in Chelsea has been actively campaigning against the move, which it says [...]
Six reasons why London’s property market won’t collapse this year April 7, 2016 A recent report by UBS argued that London’s property market in London is exposed to the world's highest bubble risk and many would agree. But the reality is there are several good reasons why prices won't fall anytime soon. Here are just six. 1. Population growth London’s population grows faster than the UK national average and the supply of [...]
Competition works as cabbies up their game in the long-running battle with Uber April 6, 2016 The long-running battle between Uber and black cabs may be drawing to a civilised conclusion, and we can thank the beneficial forces of market competition for calming this mighty feud. Faced with the realisation that Uber isn’t going anywhere, the black cab industry has taken the sensible and welcome step of deciding to compete with [...]
London Stock Exchange chief executive Xavier Rolet: Brexit impact would be “substantial” – Thatcher’s Britain should lead, not leave, the European Union April 5, 2016 Xavier Rolet believes the impact of a Brexit on the City would be "substantial" and "almost immediate" following the referendum. Instead of exiting the European Union, the London Stock Exchange chief executive wants Britain to channel the spirit of Margaret Thatcher and lead the continent to a new era of strong economic growth. Rolet was speaking to City A.M. during [...]
Developers behind 22 Bishopsgate skyscraper win “rights to light” battle April 5, 2016 The developers behind City skyscraper 22 Bishopsgate have won a controversial battle with neighbouring landlords over the scheme blocking their "rights to light" after City planners used special powers to override opposition. Members of the City of London Corporation Planning & Transportation committee this morning voted overwhelmingly in favour of temporarily acquiring the site under a Section 237 agreement, so [...]
Card fees for paying for London taxis removed for all passengers April 5, 2016 Those using cards to pay for their London taxis will no longer have to pay a surcharge, in a move that will help keep the industry competitive against the likes of Uber. The move means passengers should never pay more than the amount shown on the meter due to the method of payment that is used. [...]
Why the future of London’s black cabs is green April 4, 2016 London stands out as a beacon for cities all over the world. It is a city built on the strength of the diversity of its peoples, businesses, architecture and infrastructure in a process of reinvention and renewal that almost uniquely, successfully melds the old and the new. With just over a month until voting day for London’s [...]
JRP Group starts trading on London Stock Exchange following completion of Just Retirement Group and Partnership Assurance merger April 4, 2016 It's always nice to start the morning with a tale of a happy ending, isn't it? JRP Group, the result of the merger between Just Retirement Group and Partnership Assurance, started trading on the London Stock Exchange this morning. The newly-formed company, which has assets under management of more than £15bn, began its first day of trading [...]
Brussels airport reopens after attacks: What the airport said, how many flights are taking off and which routes are open? April 4, 2016 Brussels airport has reopened 12 days after suicide bombers attacked its departure hall, killing 16 people. Attacks on the airport and a Brussels metro station by the Islamic State on left 32 dead and many more injured. Airport staff gathered at Zaventem airport to watch the first flight take off after the attacks in late [...]
London black taxis vs Uber: This is cabbies’ big plan to save the industry – and they want the new Mayor of London on board April 4, 2016 London's black cab drivers want to offer superfast WiFi to passengers travelling across the capital and have taxi ranks outside every Night Tube stop as part of new efforts to keep the taxi industry competitive. Under increasing pressure from upstart Uber, a new group has been formed bringing together cab drivers, the company manufacturing black cabs – the London Taxi [...]