With Crossrail at a standstill, what other London transport projects have been put on hold? April 24, 2019 Last year was a particularly trying year for transport. The botched May timetable change caused widespread disruption across the country, prompting infuriated passengers to lodge 1m claims against train operator Govia Thameslink alone. While the headline that sticks in the memory is the delayed opening of the £17.6bn Elizabeth Line, there are a number of projects [...]
Gulf Marine sinks like a stone as shares drop 75 per cent December 19, 2018 Gulf Marine Services dropped sharply today, falling by around three quarters as the company warned it would be unable to meet its obligations to lenders as increased competition hit its business. The firm, which provides services to the energy sector, lost 74.7 per cent of its £113.5m market value. Shares fell as low as 8.04p, their lowest [...]
From trains to trainers: TfL teams up with Adidas for Tube and Crossrail-inspired footwear November 28, 2018 Londoners may not be able to use the Elizabeth Line this year, but they can still travel in style elsewhere on the Underground with the release of a new range of Tube-inspired trainers by Adidas. Transport for London (TfL) has teamed up with the sports giant to launch a new range of trainers inspired by the Elizabeth Line, [...]
Still doubting the benefits of free markets? Just look at Ethiopia April 1, 2019 “It's a zero-sum game,” says Gordon Gekko in Oliver Stone’s 1987 film, Wall Street. “Somebody wins, somebody loses.” This sentiment relies on the idea is that there is a fixed amount of wealth to go round. It is nonsense – yet many, perhaps unthinkingly, believe it. Read more: Editor's Notes: The future of capitalism deserves more [...]
Arsenal owner Stan Kroenke has seen his biggest teams rejuvenated this season, hinting at a change in approach November 29, 2018 Stan Kroenke has had to become accustomed to criticism from supporters of his under-performing sports teams on either side of the Atlantic. For years, Kroenke’s outfits – among them Arsenal, NFL side the LA Rams and the NBA’s Denver Nuggets – have fallen short of competing for the top prizes, while the 71-year-old has shown [...]
The stakes are high in the global 5G race February 12, 2019 High up in the Swiss Alps in Davos last month, it was clear that most of the town was pessimistic because of the outlook on trade and the global economy. But what should concern investors more is the breaking up of the global web through the arrival of what’s known as the “splinternet”. It’s increasingly likely [...]
Surge in London house building set to drive new UK homes to 11-year high November 1, 2018 London is set to drive a surge in UK house building as the industry prepares for the number of new homes being built to hit an 11-year high. Large-scale developments and private sector rental demand are set to drive the number of new house builds in the capital up by 141 per cent, according to data [...]
Overcrowding on trains close to a record high as commuters warned it will get even worse January 3, 2019 Overcrowding on trains has hit one of its highest ever levels – but is likely to get even worse, according to Labour. The 10 most overcrowded peak train routes are already running at 187 per cent overcapacity, the party’s analysis found, an increase of 25 per cent since 2011. And they are likely to get [...]
TfL and Crossrail to pay £15m to Canary Wharf Group if Elizabeth Line station is not complete by 2021 December 6, 2018 Transport for London (TfL) and Crossrail could have to fork out £15m to the Canary Wharf Group if its new Elizabeth Line station is not complete by 2021, City A.M. can reveal. An email from outgoing Crossrail chief executive Simon Wright, seen by City A.M., reveals that TfL and Crossrail will have to pay the sum each year if the station [...]
Three ploughs £2bn into race to be the first to launch 5G November 7, 2018 Mobile network Three today said it will invest more than £2bn in 5G as operators race to be the first to roll out the new technology. Three said its investment in infrastructure puts it in a strong position for the launch of commercial 5G, which it hopes to bring to customers in the second half of next [...]