FTSE 100 Live: BT-Verizon deal; Stocks wobble as US and Iran renew talks; Burnham lays out plans for government
Focus on Canary Wharf: Riding on the wave of Canary Wharf November 7, 2013 Steeped in history, Canary Wharf was once part of the world’s largest port. Now the capital’s second most vibrant business district – after the ancient City of London – it is still a gleaming hub of international trade and commerce. The banks, law firms and media organisations that have joined its ranks have brought a [...]
Cameron launches vigorous defence of HS2 November 4, 2013 David Cameron has launched a passionate defence of the controversial HS2 project. Speaking to the CBI on Monday, David Cameron said: We haven't built a line north of London for 120 years and when people challenge me about HS2 I say this, the West Coast Mainline is full thousands of our fellow countrymen who are [...]
Britain’s first port in decades to open on the Thames this week November 4, 2013 THE FIRST big port to be built in Britain in decades will open on Thursday, more than three years after its Dubai-based developers began work on the 60-acre site on the north bank of the Thames. DP World’s £1.5bn London Gateway scheme is a deep sea container port around 25 miles away from central London [...]
City Matters: St Jude’s storm was a stark reminder why we need more transport investment November 3, 2013 ONE week on from the biggest storm London has seen in nearly thirty years, and the capital’s railways are back on track. The travel chaos was an uncomfortable reminder of how crucial the smooth running of London’s transport is to Londoners’ ability to go about their business. The two largest transport projects currently on the [...]
Labour firms up commitment to High Speed 2 October 31, 2013 LABOUR yesterday reaffirmed its commitment to the High Speed 2 (HS2) railway, following weeks of speculation that it could drop support for the new north-south link. Shadow transport secretary Mary Creagh told the House of Commons that Labour are the “the true friends of HS2”, despite recent speculation that shadow chancellor Ed Balls was willing to cancel [...]
Sponsored tube stations could fund free 4G, lifts, TV screens and underground toilets October 30, 2013 Sponsorship of the Oyster system and other sponsorship opportunities could allow Transport for London (TfL) to actively improve stations – introducing free wireless and 4G connectivity, TV screens, lifts, and even toilets for passengers. The report “Sealing the Deal: TfL sponsorship feasibility study” by Gareth Bacon of GLA Conservatives says that there is a potential [...]
HS2 benefits downgraded again October 29, 2013 Department for Transport lowers forecasts to reflect soaring budget for the new railway THE GOVERNMENT scaled back the forecasted benefits of the High Speed 2 railway yesterday, but insisted that the £50bn project will still be a huge positive for the economy. The full Y-shaped route from London to Birmingham, Manchester and Leeds is now [...]
Expansion in the United States helps revenues at Stagecoach October 29, 2013 RAIL and bus group Stagecoach got its investors revved up yesterday after it said trading had been good since April. Stagecoach said its UK buses outside of London had delivered five per cent like-for-like growth in the 24 weeks to 13 October. In London, extra revenues from transporting spectators during last year’s Olympics sent like-for-like [...]
Letters to the Editor – 30/10 – HS2 flaws, Housing mobility, Best of Twitter October 29, 2013 HS2 flaws [Re: FTSE bosses lose faith in HS2, yesterday] That half of the surveyed FTSE 100 bosses are now against HS2 further underlines why the project has deep faults. The business case for HS2 is flawed, highlighted by the government’s own report, which lowered the expected benefit-cost ratio and revised an assumption that business people [...]
FTSE bosses lose faith in high speed 2 October 28, 2013 LEADERS of the country’s biggest companies are losing faith in the planned High Speed 2 railway, a poll out yesterday showed, in spite of a renewed push by the government to convince businesses that the project will benefit the economy. A poll of 34 of the FTSE 100’s chairmen found that 49 per cent believe [...]