London Underground's operations are being re-organised by the Greater London Authority and will now come under the control of Transport for London, with the privatised operators Tube Lines and Metronet taking responsibility for the day-to-day running of the lines while they are upgraded. This means LUL no longer needs its own headquarters office space.
In recent weeks Canary Wharf shares have slumped, closing last week at 151p, against a July 2000 peak of 574.25p. In early trading shares fell another 4% on the news to 145p.
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