These 13 property developers will help TfL build its property empire – including British Land, Balfour Beatty, Land Securites, Berkeley, Redrow and Canary Wharf Group February 3, 2016 Transport for London has chosen 13 companies to help it build thousands of new homes on its unused land and generate billions of pounds of new revenue. Canary Wharf Group, Land Securities, Balfour Beatty, Barrat Homes and Berkeley Group are among those chosen to develop 50 sites in to homes, offices and retail outlets across London. [...]
Card payment to be accepted in every Black Cab in London February 3, 2016 Welcome to the 21st century, taxi-getters. Every Black Cab in London will be required to accept card payments from October this year, Transport for London has said. TfL has promised that customers will not be forced to pay a surcharge for using a card. TfL has also committed to working with the card industry to link card [...]
Night Tube: RMT union recommends new pay deal from TfL in major breakthrough for 24-hour service February 3, 2016 The RMT union has recommended that Tube drivers accept a pay deal made by Transport for London which would end a long-running dispute between the two and get the Night Tube launch back on track. The deal, tabled last week to avert strike action, will be recommended to its 10,000 members in a vote that begins on [...]
Tube strike February 2016: City firms must adopt an instinctual reaction to ensure it’s business as usual, even if the London Underground stops running February 3, 2016 After a disruption in the summer, where industrial action from RMT derailed commuters and brought the capital to a near stand-still, we are once again bracing ourselves for further Tube strikes. The London Chamber of Commerce (LCC) estimates that the London Underground strikes cost the capital £48m each day; however it’s not just an organisation’s [...]
Tube strike February 2016: Unite rejects latest pay deal from TfL in Night Tube dispute February 3, 2016 Unite the union has rejected the latest pay deal offered by Transport for London in the long-standing dispute over pay and working conditions on the proposed Night Tube. The same deal has been accepted by RMT, however, and will be recommended to members. The union, representing 600 Tube engineers and maintenance staff, will continue talks with TfL in an [...]
Black Cab drivers are planning another Uber protest between Trafalgar Square and TfL’s office on Victoria Street February 2, 2016 Black Cab drivers are planning another protest against Transport for London and its regulation of private hire vehicles (PHV), specifically Uber. The demonstration, organised by United Cabbies Group, is scheduled to take place between Trafalgar Square and TfL's home on Victoria Street, will take place on 10 February from 2:30pm to 4pm. "No retreat. No surrender. [...]
TfL Tube strike February 2016: Transport for London bosses warn staff they will lose £500 bonus if they strike February 2, 2016 Tube workers have been issued an ultimatum by Transport for London bosses over the forthcoming strike this weekend: they will lose their £500 bonus if they go ahead with the action. The walkout, over a long-running jobs dispute as TfL pushes ahead with ticket office closures, is due to start at 9pm this Saturday and [...]
How is London going to pay for all that infrastructure? The future success of our vibrant, world class city depends on it. February 2, 2016 £1.3 trillion is not a number you come across often, but when you do it is a figure that is so incomprehensible, you might as well use the term ‘infinite’. However, £1.3 trillion is the sum devised by City Hall for the funding required to meet London’s infrastructure needs by 2050. That’s £37.1bn a year for [...]
London congestion: The capital is heading towards gridlock unless the next mayor takes radical action February 2, 2016 Of all the issues facing the next mayor of London, one of the most pressing is the growing problem of congestion on the city’s roads. London’s roads carry 80 per cent of all passenger journeys and 90 per cent of freight in the capital, yet attract a fraction of the attention given to the Tube and [...]
Genel and Gulf Keystone Petroleum share price: Oil firms rise as KRG boosts confidence February 1, 2016 Shares in London-listed oil firms Genel and Gulf Keystone Petroleum jumped today on the news that they could recoup hundreds of millions of dollars in overdue payments from the Kurdistan Regional Government (KRG). Shares in Gulf Keystone rose as much as 43.43 per cent to 17.57p per share this afternoon, while Genel gained as much as 6.75 per cent to 111.55p this [...]