UK rail division gives a boost to Stagecoach April 23, 2012 STAGECOACH yesterday reported growth in its rail business, which includes London commuter franchise South West trains. The FTSE 250 transport company gave an upbeat forecast for 2012 across its businesses. Stagecoach said that its like-for-like sales across its UK rail operations had risen by 8.8 per cent in the 48 weeks to 1 April. Its [...]
CITY MOVES WHO’S SWITCHING JOBS April 22, 2012 Freshfields Bruckhaus Deringer Alan Ryan has been appointed global co-head of the law firm’s infrastructure and transport sector group. Ryan succeeds finance partner Nick Bliss in the position on 1 May. He will work alongside current infrastructure and transport sector co-head Nils Koffka. Berwin Leighton Paisner The law firm has announced that Robert MacGregor has [...]
CITY MOVES WHO’S SWITCHING JOBS April 19, 2012 Grant Thornton UK The business and financial adviser, and UK subsidiary of Grant Thornton International, has reappointed Scott Barnes as chief executive. He was first given the role in 2008 and has led the firm’s restructuring during the financial downturn. He will remain in the position through to 2015. Yorkshire Building Society The UK’s second [...]
Boris Johnson promises £30 council tax cut April 18, 2012 BORIS Johnson yesterday pledged to reduce City Hall’s share of council tax by 10 per cent if he is re-elected next month. Speaking at the launch of his value for money manifesto in Fulham, Johnson said that a “war on waste” meant he could guarantee an annual reduction in the Mayor’s share of council tax [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 17, 2012 FINANCIAL TIMES Canadian approached for BoE job Mark Carney, governor of Canada’s central bank, has been informally approached to be a candidate to replace Sir Mervyn King as head of the Bank of England in June next year. One of the world’s most respected central bankers, Carney also heads the Financial Stability Board, which oversees [...]
London Tube workers vote to strike April 17, 2012 London Underground staff are set to walk out for 72 hours next week after they voted “four to one” in favour of strike action. The Rail, Maritime and Transport Workers union (RMT) said its workers would cease work at 4pm on 24 April and not return until after 4pm on 27 April. The dispute is [...]
Tube support staff vote to strike April 16, 2012 The RMT union said maintenance staff working for Tube Lines have voted four to one in favour of strike action in a dispute over pay, benefits and pensions parity with other Transport for London staff. RMT is now considering its next course of action.
Labour voters leave Ken red-faced by supporting Boris’s re-election April 16, 2012 WITH just over two weeks left in the London Mayoral race, Boris Johnson looks set for victory, with the latest YouGov poll showing him 6 per cent ahead of Ken Livingstone. That is the same margin by which he beat him in 2008. But, although three polls have now shown him maintaining this lead, Johnson [...]
Ken makes a pledge of new Tramlink route April 15, 2012 KEN Livingstone has today promised to extend the Croydon Tramlink if elected mayor of London on 3 May. Labour’s Livingstone, who has made cutting travel costs a cornerstone of his manifesto, said the “sheer size of the surpluses at Transport for London” will make the extension possible if he returns to City Hall. He claimed [...]
Join the City Stress Test this May and get your Olympic plans in shape April 15, 2012 THIS Sunday’s Virgin London Marathon will signal the push off the starting block for many of us in the City in the sprint towards the 2012 Olympics. With little over one hundred days to go until the Games begin, many in the City will already find themselves wondering how their businesses are going to cope [...]