Elizabeth Line branded a ‘folie de grandeur’ in Treasury campaign against Crossrail December 31, 2025 Tory Chancellor Kenneth Clarke warned that initial plans for the Elizabeth Line were a “folie de grandeur” that taxpayers would be unwilling to foot the bill, during a protracted rearguard action against the megaproject by the Treasury in the 1990s, CityAM can reveal. According to a fraught set of ministerial correspondence released to the [...]
Northern Line closures to impact midweek after-work drinks until May December 18, 2025 The Transport for London (TfL) has planned closures of the Northern line starting from January, which will affect Bank, London Bridge, and Borough for four months. Starting on 12 January, eight stations will be out of action on weeknights from 10pm until the end of May, as TfL carries out engineering work for track replacements. [...]
Bolt targets 100,000 driverless cars by 2035 December 9, 2025 Bolt is accelerating its self-driving mission with a new hardware partnership with Stellantis, it was announced on Tuesday. Together, both firms will deploy 100,000 autonomous vehicles on its platform within the next decade. Trials are to kick off across European hubs from 2026, placing the mobility platform ahead in the AV race. The deal will [...]
Full steam ahead for Trainline as it raises its end of year guidance November 5, 2025 London listed ticketing app Trainline has seen its shares rocket after the firm raised its pre-tax profit guidance. Total revenue inched up 2 per cent year by year to £23m from £229m in the first half of the year. Free cash flow hit £79m, while basic earnings per share increased by 54 per cent to [...]
Mayor of London to move ahead with plans to pedestrianise Oxford Street October 6, 2025 The mayor of London has confirmed he is ploughing ahead with “bold proposals” to pedestrianise Oxford Street after claiming a one-day traffic ban significantly boosted the local economy. Footfall in the West End area was 45 per cent higher on the day when traffic was prohibited from accessing a half-mile stretch of road from Orchard [...]
Elizabeth Line operator doubles profit before contract loss September 23, 2025 Profit at the first company to operate the Elizabeth Line in London more than doubled in the year before it lost the contract, it has been revealed. The division of MTR Corporation is part of the wider majority government-owned public transport operator and property developer in Hong Kong and had run the line since it first opened. However, the [...]
Tube strikes would be outrageous – where is the Mayor? September 3, 2025 Bob Crow, the late leader of the Rail, Maritime and Transport union, once said “It’s an old media myth that the RMT union resorts to industrial action lightly.” These days, we’d call such a claim “trolling.” Indeed, as the historian Dr Jim Moher points out, Crow “cherished” a signed shirt from Millwall player Dennis Wise [...]
London tube staff to strike in September in ‘extremely concerning’ move August 21, 2025 London tube staff are set to strike over pay in early September in what industry chiefs have labelled a “damaging scenario” for sluggish growth across the capital. The rail union RMT said on Thursday that rolling strike action would begin on Friday 5 September while Docklands Light Railway staff will strike from 8 September over [...]
Forest hikes e-bike prices amid fragmented London market August 20, 2025 Forest, the e-bike operator recently licensed by Hounslow Council, has announced it is raising its “pay as you go” service fee by 50 per cent to £1.50, citing a doubling of the fees charged by London boroughs to operate. The price hike comes just weeks after CityAM revealed that Hounslow Council awarded a lucrative [...]
Costain shares tumble after HS2 delays spark revenue slump August 20, 2025 Shares in Costain tumbled 13 per cent in the opening minutes of trade in London after the construction firm was hit by further delays to HS2. The Bishopsgate-based business said its overall revenue fell 17.8 per cent to £525m for the first six months of the year, of which revenue for its rail infrastructure services [...]