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Latest Finance News related to London Underground

TfL gets closer to offering full mobile coverage on the tube image
Source : Guardian [Read Article] Wednesday 31st of May 2017 11:04:56 AM
. Mobile phone calls on the London Underground could soon be possible under plans by the mayor and Transport for London. ...
Bombardier and Siemens 'in train deal talks' image
Source : BBC [Read Article] Tuesday 11th of April 2017 09:17:35 PM
....Bombardier's shares rose nearly 7% on Tuesday while Siemens' shares hit a record high before easing back. Talks between Bombardier, a major supplier of London Underground trains, and Siemens started earlier this year, according to media reports. ...
Quids in: why it’s time to get rid of your £1 coins image
Source : Guardian [Read Article] Saturday 25th of February 2017 07:00:05 AM
....” It’s understood the retailer’s self-service checkouts will also be ready. Transport for London says all stations on the London Underground, Docklands Light Railway, London Overground and TfL Rail network will accept the new coin once it is launched. ...
London night tube drivers to vote on strikes image
Source : Guardian [Read Article] Monday 20th of February 2017 09:08:48 AM
....Members of the Rail, Maritime and Transport union will vote in the coming weeks on whether to launch a campaign of industrial action. The union claims drivers on the weekend service, which started last August, had been blocked from applying for full-time jobs on London Underground. ...
Transport trouble ahead as air, rail and tube strikes loom image
Source : Guardian [Read Article] Thursday 12th of January 2017 07:08:52 PM
....Up to 2,900 cabin crew from BA’s “mixed fleet” branch at Heathrow will strike again for three days next week in a row over pay, while conductors on Southern will walk out for 24 hours on Monday 23 January, just ahead of three more days of strikes by drivers that will completely halt its trains. The RMT has said it will escalate action on the London Underground from 6 February if its demands are not met in talks starting next week. ...
Renewed strike action on Southern rail adds to commuter misery image
Source : Guardian [Read Article] Tuesday 10th of January 2017 12:38:33 PM
....Renewed strike action on Southern rail has left hundreds of thousands of commuters again struggling to get to work by alternative means. Cabin crew at British Airways have also started a two-day strike, while efforts continued to restart talks to avert further action on the London Underground. ...
Latest Southern rail strike expected to cause severe disruption image
Source : Guardian [Read Article] Monday 9th of January 2017 07:15:31 PM
....Unions argue that reducing the responsibilities of guards and putting more onus on drivers is increasingly unsafe with longer, more crowded trains. However, the Rail Delivery Group, which represents train operators, said more than half of trains running in Britain, including the London Underground, operate with drivers closing the doors, and the practice would reduce the time that trains have to wait at stations. ...
London Underground strike kicks off week of tube, air and rail walkouts image
Source : Guardian [Read Article] Sunday 8th of January 2017 09:14:07 PM
. Rail, air and London Underground services will be hit by strikes this week, leaving many commuters, particularly those in London and the south-east, facing a difficult start to the first full working week of 2017. ...
Tube strike: services to be severely reduced as second union walks out image
Source : Guardian [Read Article] Sunday 8th of January 2017 12:39:58 PM
. London Underground services will be severely disrupted from Sunday evening after a second union involved in a dispute over jobs rejected a new offer. ...
Southern rail, London Underground and BA staff to go ahead with strikes image
Source : Guardian [Read Article] Friday 6th of January 2017 04:25:48 PM
. A wave of strikes affecting travel by rail and air are set to hit passengers next week as workers on Southern rail, London Underground and British Airways prepare for industrial action. ...
Southern rail drivers split planned six-day strike in two image
Source : Guardian [Read Article] Wednesday 4th of January 2017 04:40:00 PM
....”. Meanwhile, talks at Acas between London Underground and the RMT and TSSA unions concluded on Wednesday, meaning hundreds of station staff are set to go on strike for 24 hours from Sunday evening in a row over the effects of closing ticket offices. ...
Don’t complain about the strikers – they’re only doing what we all should in 2017 | Paul Mason image
....Those of us in unions – and there are still millions of us – know they make a massive and positive difference. Because workers on London Underground are unionised, there is a guard at my local tube station who refuses to wear any other name badge than one with “Lenin” on it. ...
Strikes show contempt says Downing Street image
Source : BBC [Read Article] Monday 19th of December 2016 01:34:53 AM
....In addition, Unite members employed by Swissport as baggage handlers and other ground staff at 18 airports across the UK are set to walk out on Friday and Saturday over pay, although talks will also be held at Acas on Tuesday. Members of the Transport Salaried Staffs Association and RMT on London Underground are continuing with an overtime ban in a dispute over jobs and ticket office closures, while pilots at Virgin Atlantic will start a "work to contract" action from Friday in a row over union recognition. ...
Virgin Atlantic pilots to take industrial action over union recognition image
Source : Guardian [Read Article] Friday 16th of December 2016 04:47:14 PM
....It is the latest industrial dispute to flare in recent months, with strikes on Southern Railway over staffing and at the Post Office over jobs, pensions and closures. There has also been a work to rule on London Underground over jobs and ticket office closures, and threats of industrial action at British Airways over cabin crew pay. ...
Sadiq Khan: government 'abandoning passengers' on Southern rail image
Source : Guardian [Read Article] Friday 9th of December 2016 01:09:56 PM
.... Another full week of strikes looms in January. Khan contrasted the ongoing strikes on Southern – in its long-running dispute over changes to the roles of conductors and drivers – with his success in averting two strikes planned on the London Underground this week. ...
Dethroning Mammon image
Source : BBC [Read Article] Thursday 1st of December 2016 05:29:30 AM
....". Mark Carney, governor of the Bank of England, has been captured on the London Underground reading a pre-publication copy - though the book is avowedly devotional and focuses on the management of personal assets and does not drift into government economic policy. ...
Southern strike: Drivers vote in favour of action image
Source : BBC [Read Article] Monday 28th of November 2016 01:17:29 PM
.... . London Underground drivers are to stage a 24-hour strike on 6 and 7 December, coinciding with a walkout by Southern rail guards. ...
Bombardier to cut 7,500 more jobs across its global operations image
Source : BBC [Read Article] Friday 21st of October 2016 10:21:08 AM
.... . Bombardier's Derby site has produced trains for both mainline operations and the London Underground. ...
Tube strike ballot over job cuts announced image
Source : BBC [Read Article] Sunday 2nd of October 2016 11:07:12 PM
. Workers on the London Underground are to be balloted on strike action amid a row over job cuts. ...
Heathrow free vote would be 'a fudge and dodge' image
Source : BBC [Read Article] Saturday 10th of September 2016 08:32:21 AM
....Any plans to give ministers a free vote on Heathrow expansion would be "a fudge and a dodge", former minister Grant Shapps has said. His comments came after Channel 4 News reported that a document carried on the London Underground by a civil servant was filmed by another passenger. ...
Night Tube begins in London, bringing 'huge boost' to capital image
Source : BBC [Read Article] Thursday 18th of August 2016 11:17:54 PM
. The Night Tube has been launched in the London Underground - almost three years since the plan was first announced. ...
Bombardier gets £1bn contract in 'biggest rail boost since Victorian era' image
....Bombardier is the only remaining company that both designs and manufactures trains in the UK. Its trains are used on services throughout the UK, including on the London Underground. ...

Benedict Cumberbatch to star in film adaptation of Rogue Male
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Source : Telegraph [Read Article] Tuesday 2nd of August 2016 05:37:59 PM
.... He survives, but flees to England, pursued by agents of the European state. After murdering one of the agents by throwing him onto the tracks of the London Underground, the character hides underground in rural Dorset, where he is later discovered. ...

Condiments are getting politicians in a pickle
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Source : Telegraph [Read Article] Saturday 30th of July 2016 01:17:05 PM
.... I’m certainly too much of a coward to go in for negative tipping, when the customer demands a non-service charge from the restaurant. However, when a busker on the London Underground plays the wrong kind of music badly and loudly, I am tempted to impose a fine by removing a few coins from his hat. ...

Transport for London made £277m in five years from incomplete journeys
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Source : Telegraph [Read Article] Wednesday 27th of July 2016 10:00:11 AM
....7m from incomplete journeys in 2015. Last year, TfL made the most money from incomplete journeys on the London Overground, followed by the Docklands Light Railway (DLR), London Underground and then National Rail journeys in the capital. ...

10 amazing works of art you need to see on the London Underground 
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Source : Telegraph [Read Article] Wednesday 13th of July 2016 06:09:27 PM
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Related to :
Earls Court: uncertain times for 'landmark' London regeneration scheme image
....This approach is at odds with Khan’s wish for future TfL land developments to contain the highest possible number of genuinely affordable dwellings, with Londoners who’ve been renting privately for five years having “first dibs” on new shared ownership homes built on them. TfL owns a second site in the Earls Court Project area, the Lillie Bridge London Underground depot, which is earmarked for future sale as part of the project masterplan. ...
New official house price index reveals falls in oil industry areas image
Source : Guardian [Read Article] Tuesday 14th of June 2016 10:09:50 AM
....The London borough of Waltham Forest, which includes Walthamstow, located at the north-east end of the Victoria line, was in third place with annual growth of 25%. In March, London-based estate agency Foxtons said it expected Walthamstow to become as important for its business as affluent Pimlico, located at the other end of the London Underground line. ...
A last hurrah for banknotes as UK switches to mobile and card payment image
Source : Guardian [Read Article] Saturday 4th of June 2016 03:00:13 PM
....Technology experts see contactless payment as just a stepping stone to the cashless society, with smartphones becoming the main way to pay. Since the launch of Apple Pay in July last year, 8 million journeys on London Underground have been paid for by iPhone users tapping their handset at entry and exit points. ...
Cashless Britain advances as contactless and debit cards thrive image
Source : Guardian [Read Article] Sunday 22nd of May 2016 11:01:22 PM
....Contactless payments grew threefold in 2015, with more than a billion “wave and pay” transactions over the year. Since the start of 2016 contactless use has gathered pace, particularly on the London Underground network. ...
Five minute guide to pin-free payments using your phone image
Source : Daily Express [Read Article] Sunday 22nd of May 2016 02:27:00 PM
.... Customers of Lloyds Banking Group, Halifax, Bank of Scotland, M&S Bank, MasterCard, Visa, First Direct, HSBC, MBNA and Nationwide Building Society can now download the app. London Underground will also accept payments this way. ...
We are mortgaging the future by scrapping zero-carbon home rules | Angus MacNeil image
. From the Forth Bridge to our sewer system and the London Underground, we still rely on Victorian engineering every day in modern Britain. ...
Recruiter advises construction firms how to overcome tax loophole clampdown image
....1st Step Solutions, a specialist in supplying self-employed workers in industries including construction and rail, is known for using complex “tax efficient” employment structures. It has supplied staff to construction firms working on London Underground and Network Rail engineering projects as well as workers employed at Emirates Stadium in north London, Westfield shopping centre in west London, and Addenbrooke’s hospital in Cambridge. ...
Crossrail interchanges are not good enough, says Lord Adonis image
Source : Guardian [Read Article] Tuesday 12th of April 2016 06:50:38 PM
....Commuters in the south-east of England have been promised a faster, easier journey on the £14. 8bn Crossrail line, but may find their progress slowed considerably by a lengthy walk to connect to London Underground services. ...
The innovators: the virtual train pass that gets you the best fare even after you've travelled image
....Another pilot scheme is planned for the north of England, most likely between Sheffield, Doncaster and York. MultiPass’s goal is to become a nationwide system of ticketing, eventually being used on contactless payment cards in the same manner as has been adopted by London Underground. ...
Shaw report: Network Rail's breakup and privatisation rejected image
Source : Guardian [Read Article] Wednesday 16th of March 2016 07:23:27 PM
....However, well-placed sources said there was little enthusiasm within the Department for Transport or the Treasury to pursue the idea, which would be kicked into the long grass for now. Despite raising the idea, the report highlights the disastrous experience of Metronet, whose contract to run London Underground infrastructure ended with the firm in administration and huge costs for the taxpayer. ...
Walthamstow to rival Pimlico as property hotspot, Foxtons says image
Source : Guardian [Read Article] Tuesday 8th of March 2016 11:21:18 AM
....The chief executive, Nic Budden, said despite lower property prices in the suburb at the north-east end of the Victoria line, an increase in house sales meant there was £1. 6m more potential revenue than in its more salubrious rival at the other end of the London Underground line. ...
Night tube moves a step closer after staff agree pay deal image
Source : Guardian [Read Article] Tuesday 1st of March 2016 04:40:22 PM
....A ballot saw 84% of the Rail, Maritime and Transport Workers union vote in favour of a deal that should help clear the way for the introduction of the night tube, originally scheduled to start in September 2015. The service will lead to London Underground trains running on most lines in central London throughout Friday and Saturday nights for the first time. ...
Surge in contactless card payments image
Source : BBC [Read Article] Friday 26th of February 2016 11:17:06 AM
.... . One of the most common ways to use the technology is on the London Underground network, where more than a million journeys a day are paid for by placing credit and debit cards next to sensors when entering and exiting stations. ...
How to solve the housing crisis image
Source : Telegraph [Read Article] Sunday 21st of February 2016 09:06:16 PM
Bombardier to cut 7,000 jobs worldwide image
Source : Guardian [Read Article] Wednesday 17th of February 2016 12:07:07 PM
....Unions called the cuts a “hammer blow” to the province’s manufacturing base. Another 270 jobs will go at Bombardier’s train-making factories across the UK, including Derby, its main site, which has just come to the end of a large contract for London Underground. ...
Sir Jeremy Morse obituary image
Source : Guardian [Read Article] Monday 8th of February 2016 12:58:40 PM
.... Morse did the necessary round of City lunches and dinners, and enjoyed speaking at them, but he did not take on the usual batch of outside directorships. He also enjoyed commuting via the London Underground, but the pleasure seemed to come from observing rather than being part of the crowd. ...
RMT union calls off tube strike this weekend image
Source : Guardian [Read Article] Friday 5th of February 2016 03:20:10 PM
. A 48-hour tube strike planned by London Underground station staff from this weekend has been called off. ...
Transport for London names partner companies for land development drive image
Source : Guardian [Read Article] Thursday 4th of February 2016 12:29:42 PM
....The aim is to develop more than 50 TfL-owned sites over the next 10 years or so, producing around 10,000 new homes along with commercial premises, the majority in travel zones one and two. Planning applications have already been submitted for three of the sites: Nine Elms, where a whole new Tube station is to be built, Northwood station and the former London Underground depot next to Parsons Green station. ...
RMT to recommend Night Tube deal image
Source : BBC [Read Article] Wednesday 3rd of February 2016 01:39:18 PM
....But Unite, which represents engineering staff, has turned down the offer and wants further talks, Tom Edwards said. The RMT union is still in talks with London Underground over a planned strike this weekend over the issue of job losses. ...
House prices: how much does it cost to live near your Tube stop? image
Source : Telegraph [Read Article] Tuesday 2nd of February 2016 02:28:55 PM
.... . • New London Underground map shows how expensive it is to rent stop-by-stop . ...
Photos from the Bank of England's vaults image
Source : BBC [Read Article] Thursday 28th of January 2016 02:51:41 AM
.... . The bomb struck the ticket hall of London Underground's Bank Station. ...
Tube staff plan three 24-hour strikes image
Source : BBC [Read Article] Monday 11th of January 2016 03:31:01 PM
. London Underground staff are to stage three 24-hour strikes and other industrial action over pay and night Tubes, the RMT union has announced. ...
Tube drivers considering strike action image
Source : BBC [Read Article] Sunday 10th of January 2016 01:27:31 PM
. London Underground (LU) drivers are considering three days of strike action in a row over the Night Tube, the BBC understands. ...
Gentrification fears loom over rise in east London 'property millionaires' image
Source : Guardian [Read Article] Thursday 17th of December 2015 12:01:03 AM
....Related: UK house prices will continue to rise strongly, says Halifax. Walthamstow, at the end of the Victoria line on the London Underground, is an area that has nudged into million-pound territory relatively recently – albeit only a small handful of properties in certain hotspot locations. ...
Raphaels fined £1.3m for improper controls image
Source : Telegraph [Read Article] Friday 27th of November 2015 11:36:51 AM
....5m in the year to February, on income of £22m. A contract with the London Underground last year - which included several ATMs that dispense euros - raised the number of cash machines in its network to about 350, including mobile ATMs used at sporting and music events. ...
Profits booked: index shows popular first editions have doubled in value image
Source : Guardian [Read Article] Tuesday 10th of November 2015 07:23:12 PM
.... But his top tip is not even a rare book. His bestsellers, fetching the highest prices, are actually maps - in particular early maps of the London Underground. ...
Asda reviews five-year plan after sales hit lowest ebb image
Source : Guardian [Read Article] Monday 19th of October 2015 04:08:31 PM
....Asda also said it would halt plans to open more non-store “click and collect” sites for internet shoppers to pick up goods. The group has 620 such sites, mainly at stores but also elsewhere, including 24 at London Underground stations and a pilot robot-operated “pod” in St Helens, Merseyside. ...
Asda to slow investment in London and click and collect to cut costs image
Source : Telegraph [Read Article] Monday 19th of October 2015 12:08:17 PM
.... . At the same time it had been trialling online collection points in London Underground stations in an attempt to increase penetration in the capital. ...
Operator of Relish wireless broadband logs heavy losses image
Source : Telegraph [Read Article] Monday 12th of October 2015 03:05:37 PM
.... Losses for 2014 almost quadrupled to £37. 5m as UK Broadband built the Relish network and advertised it on the London Underground, among other sites. ...
A week of buying only British goods. How hard can it be? image
Source : Telegraph [Read Article] Saturday 12th of September 2015 06:00:13 AM
.... But the film showing is at the Fulham branch of Vue, a cinema chain owned by a consortium of Canadian pension funds. At least I can take the Tube, as many of London Underground’s new trains are manufactured in Derby. ...
An architecture firm wants to turn the London Underground's entire Circle Line into a three-lane travelator image
. It may come as no surprise to regular passengers on the London Underground's Circle Line that a moving walkway would get them to their destination in less time. ...
India - we can take the economic lead as China stumbles image
Source : BBC [Read Article] Thursday 27th of August 2015 05:05:07 AM
....Nothing better sums up the contradictions of India than the main road south-east from Delhi to the city of Agra. Running alongside this major arterial route as it snakes out of the capital is the new Delhi metro - something akin to the London Underground (though a lot smaller). ...
The ‘sky pool’ is just the start: London prepares for a flood of bathing oligarchs image
....For sale exclusively through the Modern House, these glitzy confections mix “art deco motifs” with “robust and industrial materials [to] lend a strong British narrative”, apparently drawing on the history of Greenwich through the use of copper, leather and wood. Stair balustrades will be lined with colour-changing diachroic glass, bringing a whiff of the Essex boy-racer, while your kitchen splashback will be made by the people who do the London Underground signage. ...
Exploding the productivity myth: jobs, cuts and carbon slaves image
Source : Guardian [Read Article] Tuesday 18th of August 2015 02:29:30 PM
....Employees at retailer Amazon are being stressed to their limits in the name of productivity, reports the New York Times. Meanwhile, in the UK the threat of strikes on the London Underground has hung over the capital this summer. ...
Did technology kill or save the book? image
Source : BBC [Read Article] Thursday 13th of August 2015 11:01:04 PM
....Books on electronic devices "compete with games, news, and social media, and so need to be slicker," says Laura Summers, co-founder of BookMachine, a popular publishing networking website. To hook people into reading, another start-up, Rook, is offering access to free e-books at wi-fi hotspots, such as London Underground stations, participating coffee shops and retailers. ...
Tube workers announce fresh strikes image
Source : BBC [Read Article] Tuesday 11th of August 2015 01:34:17 PM
. London Underground workers will stage two more strikes in the dispute over night Tube plans, three unions said. ...
Tube strike: Did you know London Underground workers get EIGHT WEEKS holiday? image
Source : Daily Express [Read Article] Wednesday 5th of August 2015 11:59:00 AM
....But the offer was outright rejected by unions, who are demanding a four-day, 32-hour working week for Tube employees and that more staff are hired. Nick Brown, managing director of London Underground, said "No employer can afford to meet those sorts of demands. ...
How much will the London Tube strike cost the economy?  image
Source : Telegraph [Read Article] Wednesday 5th of August 2015 10:59:36 AM
.... The LCCI no longer recommends using this eight-year-old figure - offering merely that strikes “can paralyse businesses”. It adds that the all-night services that London Underground workers are protesting against - in the form of overnight Tube services on selected lines - would bolster the city’s evening and night-time economy. ...
Tube strike: London deals and discounts to help you survive another 24-hours of travel chaos image
. Londoners are set for another 24-hours of travel chaos from 6:30pm, when a strike over the introduction of a 24-hour Tube service is set to shut down the entire London Underground network. ...
TUC reports rise in night workers image
Source : BBC [Read Article] Tuesday 4th of August 2015 11:07:27 PM
....6%. The report was released ahead of a strike by Tube workers who are unhappy about London Underground's plans to introduce all-night services. ...
Tube strike to go ahead after unions reject London Underground offer image
Source : Guardian [Read Article] Monday 3rd of August 2015 11:32:53 AM
. Hopes that this week’s planned tube strike might be cancelled have been dashed after unions rejected an offer made on Friday by London Underground. ...
REVEALED: The 10 most affordable commuter towns for London  image
Source : Daily Express [Read Article] Wednesday 29th of July 2015 12:01:00 PM
....Crawley, Newbury, Colchester and Chatham are among the towns where average prices are up to £450,000 cheaper than a property in central London, found Lloyds Bank. Even towns only around 40 minutes away from central London, including Reading, Stevenage, Sidcup and Billericay, give buyers a saving of up to £373,000 on a similar property in London Underground zones 1 and 2. ...
Banks keep £2bn to pay for PPI scandal image
Source : Daily Express [Read Article] Sunday 26th of July 2015 10:10:00 AM
....2 billion, despite it having to set aside £1 billion to compensate PPI mis-selling victims. HSBC is expected to announce on Tuesday that its customers can use the Apple Pay electronic wallets on their iPhone 6 smartphones and Apple Watches to pay for goods and services at more than 250,000 outlets including the London Underground,. ...

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