Soon there will be Oyster-style contactless payment technology on all public transport across the UK January 12, 2016 Contactless payments on buses and trains will no longer confined to London, with new plans to install the technology across the country, the UK Cards Association said today. Rail operators have provided funding for joint project between the card and rail industry to see how contacless cards and devices could be associated with long distance train tickets or [...]
Whitechapel station disruption: Weekend closures on 16 and 17 January to make way for Crossrail modernisation January 12, 2016 Whitechapel station will be closed over the coming weekend as work begins on making the station ready for the arrival of Crossrail 2. A new temporary entrance and ticket hall will be set up over the weekend ready for Monday, so the 140-year-old station can be modernised. The surrounding area on Court Street will become pedestrianised. By 2018, [...]
Deutsche Bank buys new FCA headquarters at Stratford’s International Quarter for £370m January 12, 2016 Deutsche Bank has snapped up an office development in Stratford that will house the new Financial Conduct Authority (FCA) headquarters, in a £370m deal. The German bank's asset management arm has agreed to forward fund the 515,000 sq ft building, which forms part of a major £2.3bn development next to the Queen Elizabeth Olympic Park known as the International Quarter. The [...]
Tube strikes: The unions are harming London and the low paid by striking over Night Tube January 12, 2016 When Mike Brown was confirmed as London’s new transport commissioner last September, he might have expected to find a note from his predecessor stating bluntly: “Dear commissioner, I’m afraid there is no money”. While most of the UK economy has adapted to the realities of modern-day austerity, however, the transport unions are apparently yet to [...]
Tube strikes 2016: When are they, how long are they for, who is striking and why? Everything you need to know January 11, 2016 When are the strikes and how long will they last? London will be brought to a halt once again by 24-hour strikes on the Tube, and they're coming pretty soon. The dates to stick in your diary are at the end of January and middle of February. 1. Tuesday 26 January – Wednesday 27 January. 2. Monday [...]
Tube strikes 2016 dates: RMT and Aslef confirm three days of strikes over the Night Tube pay row with TfL January 11, 2016 RMT and Aslef unions have confirmed they will stage three 24-hour strikes in a long running row over driver pay and conditions with the proposed launch of the Night Tube. RMT member drivers will walkout from 6.30pm on the following dates for 24 hours, disrupting thousands of Londoners' journeys. Tuesday 26 January Monday 15 February Wednesday 17 February Other non-driver [...]
Tube strikes January and February 2016: Drivers’ union Aslef confirms its members will strike alongside RMT this month January 11, 2016 Transport for London and business groups have slammed unions for committing to a further three strike dates, which will bring the capital's Tube system to a standstill yet again. Aslef has confirmed it will join RMT in striking on three dates, after the unions dismissed yet another pay deal put forward by transport bosses. The drivers [...]
Multiple injuries reported in Parliament Square bus crash as London Ambulance Service declares it a “significant incident” January 11, 2016 The London Ambulance Service has declared a significant incident after three buses collided in Parliament Square this afternoon. A number of injuries have been reported and the collision has brought the area to a standstill. "Multiple resources" from the London Ambulance Service responded to the incident, which appears to have taken place near to some roadworks. Crews were [...]
Tube strikes 2016: London mayor Boris Johnson and Zac Goldsmith slam Sadiq Khan over union support January 11, 2016 London mayor Boris Johnson has slammed Labour's City Hall hopeful Sadiq Khan, calling him a "tool" of the unions after Khan blamed Johnson for an increase in industrial action on London's Tube and buses. Johnson attacked Khan for failing to condemn the latest round of strikes, saying he is "entirely motivated by the self-interest of union [...]
Eat and London Luton airport owner Ardian Private Equity closes the largest ever European infrastructure fund worth €2.65bn January 11, 2016 Ardian, the French private equity house whose investments include restaurant chain Eat and London Luton airport, has closed its infrastructure fund with €2.65bn (£1.98bn) of investment. It is Ardian's fourth infrastructure fund, and is the largest such fund raised by a European firm, surpassing Ardian's third fund by 50 per cent. Some €900m came from new [...]