King of Soho Paul Raymond’s London property empire rises in value to £565m August 23, 2015 Soho Estates, the West End property empire of the late porn baron Paul Raymond, saw the value of its assets rise eight per cent to £565.6m last year. Raymond left the bulk of his estate to his granddaughters Fawn James, a director, and India James when he died in 2008, aged 82. The [...]
Worst traffic jams in Europe: London beats Brussels and Cologne to top of table for most congested city August 23, 2015 London is the most-congested city in Europe, while the UK is Europe’s fifth most congested country, according to a survey commissioned by traffic data company Inrix. Drivers in the capital spent an average of 96 hours stuck in their cars in 2014 – the equivalent of four days a year – up 14 hours [...]
Back-to-school bills: What school spending does to your wallet August 23, 2015 As parents breathe a sigh of relief at the approach of back-to-school week, their wallets may be feeling a little less strained than last year. Spending to kit kids out for the new school year is down, with the average outlay per pupil falling to £236 from £240 in 2014, according to a survey by [...]
TfL Tube strike 26 and 28 August 2015: Driverless trains would break the militant unions forever August 23, 2015 This week, fed-up Londoners will be forced to endure two more Tube strikes. And this despite Transport for London having already offered the unions: a two per cent salary increase this year, inflation-protected rises in 2016 and 2017, a £500 bonus for all staff on Night Tube lines, £200 extra per Night Tube shift for [...]
It’s not just the TfL Tube strike: First Great Western 24 hour rail strike begins August 23, 2015 It's not just the London Underground that has endured stoppages due to strike action. Train services across Britain face disruption today, after workers from First Great Western walked out for 24 hours from midnight. First Great Western runs services between London Paddington, south Wales, the Cotswolds, the Thames Valley region and the West of England. [...]
TfL Tube strike 26 and 28 August: Unions to decide on industrial action over Night Tube on Monday August 21, 2015 Commuter happiness hangs in the balance. Union representatives are to meet on Monday to determine whether next week's Tube strikes will go ahead, following a week of gruelling talks with transport bosses. As things stand RMT, TSSA and Unite are expected to go ahead with the two sets of walkouts, the first of which [...]
TfL Tube strike 26 and 28 August 2015: Now RMT’s City Cruise members are going on strike too August 21, 2015 Thinking of beating next week's Tube strike by hitting the water and travelling in on City Cruises? Think again. Transport union RMT, whose Tube members are among those planning to walk out on two dates next week, is also organising a strike on the service on Thursday 27 August. The strike will [...]
Gains beat pain for Costain with record orders August 20, 2015 ENGINEERING consultancy Costain yesterday reported growth in both revenue and profits for the first half of the year, citing growth in infrastructure as the main reason behind the increase. Half-year revenue was £601.5m, up from the previous total of £504m, while profit had risen by 42 per cent to £10m. The company, which is currently [...]
TfL Tube strike 26 and 28 August 2015: This is the travel advice for next week’s double Night Tube action August 20, 2015 Transport for London is gearing up for the planned double-whammy of two Tube strikes next week, and has just issued travel advice for commuters. Both sides are still locked in talks regarding working conditions for the impending Night Tube. But if a compromise is not reached, Tube services will be severely affected by action [...]
London mayoral hopeful Stephen Greenhalgh renews pledge to cut Tube fares August 19, 2015 London mayoral hopeful Stephen Greenhalgh has said there is “a deal to be done” between City Hall and the government to cut Tube and rail fares for commuters. Greenhalgh, who will set out his new plan for London this morning at a rally outside City Hall, told City A.M. that he is confident that he [...]