Go-Ahead Group Plc won a contract to operate an expanded London rail franchise that will be Britain’s biggest ever with more than 280 million commuter journeys a year, sending its shares to their sharpest gain since 2008.
St Martins, the U.K.-based real estate investment vehicle of Kuwait’s government, bought a London commercial property development for about 1.7 billion pounds ($2.8 billion), according to a person familiar with the transaction.
Roads in central London are carrying one-fifth fewer vehicles as Olympic-only “Games Lanes” push more people to use rail services. The morning rush was hindered by a fire alert on a subway line to the Olympic Park and high-speed “Javelin” shuttle trains suffered disruption in the afternoon.
The developer of the Shard , an 80- story tower being built near London’s Thames river, bought out its only office tenant on the prospect that rents will almost double from the agreed rate when the building is finished.