Watchdog drops probe into TfL over Crossrail delays

By Jordan Marshall2019-07-08T05:00:00

Source: Shutterstock

Financial Conduct Authority was looking into whether bond holders were misled

The Financial Conduct Authority has dropped its investigation into whether Transport for London hid information about Crossrail delays from investors last summer.

A statement TfL made to the London Stock Exchange, where its bonds are traded, on 24 July 2018 made no mention of a delay to the launch of Crossrail – which is running around two years late.

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

Limited access to building.co.uk
Breaking industry news as it happens
Breaking, daily and weekly e-newsletters

Get your free guest access SIGN UP TODAY

Subscribe now for unlimited access

Subscribe to Building today and you will benefit from:

Unlimited access to all stories including expert analysis and comment from industry leaders
Our league tables, cost models and economics data
Our online archive of over 10,000 articles
Building magazine digital editions
Building magazine print editions
Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community