Business split over future of High Speed 2 August 27, 2013 THE BRITISH Chambers of Commerce (BCC) yesterday insisted its members are “completely behind” the High Speed 2 railway – despite a rival business organisation withdrawing its support for the project. John Longworth, director general of the BCC, told City A.M. that an entirely new line is still the only way to avoid a capacity crunch on [...]
Overground firm stays on track August 27, 2013 MTR Corporation, the Hong Kong-based transport firm that jointly operates the London Overground, said yesterday revenues were up 12 per cent and underlying profits rose 5.1 per cent in the first six months of the year. MTR gave no financial details for London Overground Rail Operations Limited, which it owns with Deutsche Bahn, but said [...]
City Moves for 28 August 2013 | Who’s switching jobs August 27, 2013 Kleinwort Benson The private bank and wealth manager has appointed Joakim Gasslander as senior private banker in its private wealth management team. Based in London, he was previously senior private banker at Lloyds Private Banking. Gasslander has also held roles at Gadd & Co and SEB Private Bank in Stockholm, and has particular experience advising [...]
Exclusive: Labour threatens to redesign HS2 link August 27, 2013 LABOUR would delay construction of the London leg of the High Speed 2 (HS2) railway in order to redesign the route through the capital, shadow transport secretary Maria Eagle has told City A.M. Eagle said the government’s current proposal to link HS2 to the High Speed 1 (HS1) line using existing tracks through north London [...]
Labour threatens to redesign HS2 link August 26, 2013 LABOUR would delay construction of the London leg of the High Speed 2 (HS2) railway in order to redesign the route through the capital, shadow transport secretary Maria Eagle has told City A.M. Eagle said the government’s current proposal to link HS2 to the High Speed 1 (HS1) line using existing tracks through north London [...]
Train firms told to tell customers which services are most crowded August 26, 2013 COMMUTERS should be told which train services are the most overcrowded, rail minister Norman Baker has said to operating companies. Baker has written to all train operators calling on them to give each train a red, amber or green rating to allow passengers to avoid the most cramped services where possible. “Publication of train-by-train crowding [...]
Just 53 London Overground staff voted for this weekend’s strike August 22, 2013 LONDON Overground users are facing a bank holiday weekend of travel chaos due to strike action – despite just 53 staff voting for the walkout. Transport for London has unveiled plans to sack 130 guards on the network as part of a cost cutting measure, prompting Bob Crow’s RMT union to ballot for strike action against compulsory [...]
Costain’s order book jumps by 20 per cent to a record £2.9bn August 22, 2013 ENGINEERING group Costain yesterday said it secured over £900m of new contracts in the first half of the year, while its forward order book grew by 20 per cent to a record £2.9bn. New contracts included a £450m programme for Thames Water, a £300m contract with Crossrail and a highways framework deal with Transport for [...]
Paper travelcards to be phased out next month August 21, 2013 TRAVELCARDS for seven days or longer will soon only be available on Oyster cards, as Transport for London announced yesterday it will no longer sell paper tickets at London Overground ticket offices. The change, which will be introduced on 15 September, is in line with the withdrawal of paper season ticket Travelcards from all London [...]
London buses set to stop accepting cash fares from next year August 19, 2013 TRANSPORT for London wants to axe cash payments on the city’s buses from next year, though user groups and politicians have sought assurances that the proposal will not leave passengers stranded. TfL estimates that less than one per cent of journeys, or 60,000 a day, are paid for in cash. Yesterday it asked the public [...]