The Labour Party have gained Merton Council from no overall control.
It now controls the council with 36 seats after taking 8 more.
UKIP lost three of their councillors.
The Conservatives have 20 seats after losing 2 and the Liberal Democrats lost 1 leaving them with only 1 councillor.
Members of Labour's shadow cabinet have praised Barking and Dagenham Council for a scheme which involves naming new roads after service men and women killed in action.
The Labour Party says that naming streets after service personnel killed in the line of duty would provide "a meaningful, lasting and respectful way to show the value we place on those who have served and been lost."
MPs Jim Murphy and Hilary Benn are writing to all of the local authorities in the country, to encourage them to adopt the Barking and Dagenham scheme.
They are suggesting the following process:
• The families of fallen personnel who lived in the Local Authority Area are be asked whether they would like a road or street named in memory of their loved one.
• In consultation with the family, the location and precise name of a road or street is decided on. Local residents in the street are also be consulted.
• The Council offers to organise an official opening ceremony of the street or road, to which other members of the local community, family and friends as well as service charities could be invited.
ITV London Political Correspondent Simon Harris says that the Labour Party has criticised Boris Johnson's 10 year transport plan for lacking a "big idea".
Labour leader Ed Miliband and his team are holding their shadow cabinet meeting at the aquatics centre in the Olympic park.
The media pass for today's shadow cabinet meeting at the Olympic park is missing the word 'shadow'.
Labour are currently ahead in eight of the 14 constituencies in the London Assembly elections.
As the count stands, Labour have the lead in:
- Barnet and Camden
- Brent and Harrow
- City and East
- Ealing and Hillingdon
- Enfield and Haringey
- Greenwich and Lewisham
- Lambeth and Southwark
- North East
The Conservatives are ahead in:
- Bexley and Bromley
- Croydon and Sutton
- Havering and Redbridge
- Merton and Wandsworth
- South West
- West Central
Labour has taken control of several councils across the south-east.
The party is now in charge in Reading, Cannock Chase, Harlow and Thurrock.
Labour said it was making "real progress" in areas where it was defeated at the last general election.
Although Boris Johnson looks set to win another term as Mayor of London, Labour has taken strides forward elsewhere in the south-east.
The party has won control of Reading Council and - given Labour lost the Reading West parliamentary seat to the Conservatives in 2010 - that will particularly please the party leadership.
Penny Silvester reports.
Labour has pulled ahead of the Conservatives, as the counting of votes in the London Assembly elections continues.
The following graph shows the results of the ballot papers counted so far for the London-wide seats on the assembly.
It does not represent the final allocation of London-wide seats - that will be calculated using these results and the results of the constituency contests.