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I passed by this accident at around 12.30pm (took place around 1210-12.20pm by my estimate) and saw the fire crew and police at the scene. The ambulance had already departed with the casualty. I take the same route most days, crossing Graham Rd at exactly this junction.
It's not an easy crossing - traffic along Graham Road stops to turn right on to Navarino Road and it would be easy to assume that traffic behind any vehicle waiting to turn right cannot get past. My guess would be that this has caused the accident - the cyclist went to cross the junction and didn't realise that the taxi approaching could get around the car waiting to turn right.
I saw the bike lying on the pavement, the fire crew slowly removing the inflatables used to lift the taxi, and a distraught witness giving a statement to the police. My sympathies to the friends and family of the cyclist.
Great news.