WHAT THE OTHER PAPERS SAY THIS MORNING March 11, 2010 FINANCIAL TIMES PUSH FOR CLEARING HOUSES FAILS TO MOVE OIL TRADERS Big oil traders are choosing to keep more derivatives deals private, in spite of a global regulatory campaign to steer such contracts to clearing houses. Their willingness to take on risks viewed as intolerable just a year ago reflects renewed faith in the strength [...]
UK high-speed rail network to cost £30bn March 11, 2010 PLANS to build a high-speed rail network connecting London with Northern Britain were revealed yesterday by transport secretary Andrew Adonis, in a project expected to cost £30bn. Adonis laid out his proposals for the 335 mile “Y” shaped line, which is expected to significantly cut travel time to the West Midlands, Leeds, Manchester and Sheffield [...]
Boris threatens to sue Tube Lines over price March 10, 2010 MAYOR Boris Johnson has threatened to take legal action against Tube Lines, after Private Public Partnership (PPP) arbiter, Chris Bolt said the rail contractor can charge? £4.46bn for its services. The decision followed a dispute between Tube Lines and Transport for London (TfL) over the cost of London’s underground rail system. The mayor, along with [...]
A brilliant debut novel that tells of tragedy in the City rings all too true February 24, 2010 THIS BLEEDING CITY BY ALEX PRESTON Faber, £12.99 You’d have thought the time had passed for another book about the City and its pre-crunch pulse of money, aspiration and the personal damnation all that can lead to. Certainly, there have been countless stories about “what really went on” – the strip clubs, the arrogance, the [...]
Crossrail and Heathrow a priority February 22, 2010 Key transport projects like Crossrail and a third runway at Heathrow must urgently be carried after the general election, a report has found. The British Chambers of Commerce (BCC) said the success of the economy depended on improving the transport network. Crossrail would provide an east-west train travel artery across London while an expansion of [...]
Crossrail and Heathrow ‘vital’ for UK economy February 22, 2010 KEY transport projects like Crossrail and a third runway at Heathrow must urgently be carried after the general election, a report has found. The British Chambers of Commerce (BCC) said the success of the economy depended on improving the transport network. Crossrail would provide an east-west train travel artery across London while an expansion of [...]
The best way to get around town February 16, 2010 THE Italians have known it for decades, and there was a moment in the Sixties when the British youth cottoned on too – when it comes to motorised transport, there is nothing cooler than a scooter. It took the Japanese to turn this convenient, two-wheeled style statement into something sleek, modern and ultra-dynamic – the [...]
The lasting legacy of Toyota’s Prius problem will be more green cars February 9, 2010 WHAT do Salma Hayek, Prince Charles, Brad Pitt and Donny Osmond all have in common? The answer is that they are among the celebrities to have bought a Toyota Prius. Since it was unveiled in the late Nineties, the car has been the must-have status symbol for celebrities to prove their environmental credentials. This has, [...]
Easyjet adds 70 new European routes in a bid for 10 per cent growth in 2010 February 2, 2010 EASYJET yesterday announced it will launch over 70 new European services in the next six months, starting with the introduction yesterday of flights from Gatwick to Hamburg and Dusseldorf. The budget said new flights will include routes from London Stansted to Cagliari and Manchester to Helsinki. It will also significantly increase its presence at Doncaster [...]
Arriva seeks a tie-up with France’s Keolis January 28, 2010 BUS and rail group Arriva is talking to French state railway SNCF about a deal that could create a European transport giant. Sunderland-based Arriva has held early-stage talks with SNCF about acquiring all or part of public transport operator Keolis, in which SNCF has a 44.5 per cent stake. The combination of the two businesses would [...]