WHAT THE OTHER PAPERS SAY THIS MORNING August 30, 2011 FINANCIAL TIMES DISPUTE ERUPTS OVER CONTROL OF LIBYA’S $65BN SOVEREIGN FUNG A dispute has erupted over control of Libya’s $65bn (£40bn) sovereign wealth fund, as the national transitional council attempts to maintain stability in the nation. Several NTC members have contested the authority of Mahmoud Badi, who is probing corruption at the Libyan Investment Authority. HONG [...]
Alstom leaves Crossrail tender as decision delayed August 30, 2011 French train builder Alstom Transport has pulled out of bidding to supply train carriages to London’s £16bn Crossrail, as the rail project said it was delaying its decision on the train tender to save money. Crossrail, which will link Heathrow to the east side of London through newly-built tunnels, has pushed back the tender for [...]
Plan for transport disruptions during the Games August 29, 2011 Q&A: London 2012 TIME TO GET READY Q. OUR MAIN OFFICE IS LOCATED IN CHARING CROSS AND DESPITE OUR CENTRAL LONDON LOCATION MANY OF OUR EMPLOYEES DRIVE TO WORK EACH MORNING. WHAT CAN I ADVISE THEM TO DO DURING THE OLYMPICS AND PARALYMPICS? A. During the Games, the road network in London will be much [...]
Spurs to drop stadium appeal August 23, 2011 TOTTENHAM are expected to abandon their legal battle over the Olympic Stadium and could do so as early as today – clearing the way for West Ham to move in after London 2012. Spurs are instead likely to revert to plans to build a new stadium next to their current home White Hart Lane, contingent [...]
Safe stock for scary times August 23, 2011 Riots on the streets on London, riots on the streets of Birmingham – riots just about everywhere. Prisons are filling up; magistrates courts are working through the night. For most firms, a less safe world is bad news, but not so for G4S, the security giant formed from the merger of Securicor and G4 in [...]
City cheers plan to punish slower road repair firms August 22, 2011 THE City of London Corporation yesterday welcomed government plans for a scheme to charge contractors doing road repairs in the City, providing a financial incentive for works to be completed quickly. The lane rental plans, which Transport for London will consult on over the next 12 weeks, would charge firms for digging up roads during [...]
Russia’s largest shipping company mulls City listing August 21, 2011 RUSSIA’s state-owned shipping company Sovcomflot could make an initial public offering on the London Stock exchange by the end of the year, as the Russian government looks to push ahead with its ambitious privatisation plans. Sovcomflot, which is sending test cargoes along a new Arctic route to service Russia’s offshore oil fields, is at the [...]
Prepare now to avoid Olympic hotspots in 2012 August 21, 2011 Q&A: London 2012 TIME TO GET READY Q. OUR OFFICE IS LOCATED IN VICTORIA. A HIGH NUMBER OF OUR EMPLOYEES TRAVEL INTO THIS STATION EACH MORNING ON BUS, TUBE AND RAIL. WHAT CAN THEY EXPECT DURING THE GAMES? A. Victoria will be much busier than usual. High demand on the mainline and underground station is [...]
Train ticket prices to rise by up to 13pc August 16, 2011 RAIL commuters will face inflation-busting hikes in ticket prices next year, which could see some fares rise by as much as 13 per cent, following the release of latest inflation figures yesterday. Under the revised scheme, which was set out in the Treasury’s spending review last October, regulated fares such as season tickets will rise [...]
Don’t take freight – reduce, rethink and retime August 14, 2011 Q&A: LONDON 2012 TIME TO GET READY Q. WE ARE BASED IN THE CITY, AND WE USE A NUMBER OF FREIGHT SUPPLIERS TO DELIVER PERISHABLE GOODS TO OUR OFFICE EACH DAY. WE HAVE LIMITED STORAGE SPACE, SO WHAT ARE OUR OPTIONS? A. The City is a hotspot, and deliveries to this area are likely to [...]