‘Dockless’ electric bikes you can park anywhere launch in London December 6, 2018 Electric-powered bikes you can park anywhere after a ride are launching in London tomorrow. California-based company Lime will be dropping off its "dockless" Lime-E bikes in Brent and Ealing, with 1,000 expected in the two London boroughs by the end of the month. Painted a distinctive green, the e-bikes can be unlocked by Lime app users [...]
These are the 10 rail operators with the most delayed train services December 6, 2018 Rail services' punctuality and reliability have dropped by 2.5 per cent in the UK, as signal failures, extreme weather and management issues led to more late-running trains for long-suffering commuters. The latest statistics from rail regulator the Office of Rail and Road (ORR) for the second quarter of 2018-19 also show that East Coast operator LNER suffered [...]
Debate: Could green energy alone soon power the electric car revolution? December 6, 2018 Debate: Could green energy alone soon power the electric car revolution? Yes – Matthew Wright is UK managing director at Orsted. We are seeing unprecedented developments in green energy, and I believe that clean generation, combined with enhanced battery storage capabilities, will power our move away from petrol and diesel vehicles. This is not just [...]
Profits plunge at Thames Water after extreme weather puts the pressure on pipes December 6, 2018 Thames Water’s half-year profits plunged by nearly 50 per cent today, as a combination of extreme weather and regulatory fines threw light on the mounting pressures that loom over one of Britain’s largest utility companies. The under-fire firm posted pre-tax profits of £67.7m in the six months to September, falling from £129m in the same [...]
Sadiq Khan slams Westminster Council for pulling out of £80m TfL Oxford Street redevelopment plans December 6, 2018 Sadiq Khan has slashed £80m of funding from Westminster City Council (WCC) for redeveloping Oxford Street, after finding out the council had ditched joint plans with Transport for London for the project in favour of its own £150m proposal. In a letter seen by City PM, addressed to council leader Nickie Allen, the mayor of [...]
Crossrail boss Terry Morgan resigns after Sadiq Khan spat December 5, 2018 The chairman of Crossrail and HS2 has resigned from both roles following a dispute with mayor Sadiq Khan over delays and spiralling costs. Terry Morgan admitted last week he expected to be sacked amid rising costs and opening delays to both the Crossrail and HS2 projects. Morgan, who has led Crossrail for almost a decade, [...]
Stagecoach shares climb 15 per cent despite £85m balance sheet blow from US division December 5, 2018 Stagecoach shares climbed by 12 per cent this morning despite its writedown of its US, as investors focused on the business’s underlying performance in the UK. The figures Stagecoach revenue fell to £1.23bn in the six months to the end of October, down from £1.79bn in the same period in 2017. Underlying profit before tax [...]
Ryanair faces enforcement action after rejecting compensation claims for strike disruption to flights December 5, 2018 Ryanair faces enforcement action over its refusal to reimburse customers for strike disruption over summer, it emerged this morning. The Civil Aviation Authority (CAA) said it decided to act after the budget airline decided to terminate its relationship with a body designed to resolve customer complaints. Passengers whose flights were cancelled or delayed by industrial [...]
Fixing the rail system means putting passengers first December 5, 2018 The headlines yesterday that Govia Thameslink Rail (GTR) must spend £15m on passenger improvements to hold onto its franchise will be welcome if overdue news for the droves of commuters whose lives were made hell during the timetable chaos earlier this year. The Department for Transport labelled GTR’s performance “unacceptable”, and has not only decreed [...]
Thames Water five-year, £1.4bn loan agreement gives incentives for going green December 4, 2018 Thames Water today announced it has signed a £1.4bn revolving credit facility which links interest rates to the company’s success in meeting its environmental responsibility targets for the next five years. In a move designed to rebuild public trust in the company after a series of scandals including a £20m fine last year for pumping [...]
