Oil giants face major hit from UN climate rules shaking up the shipping sector September 11, 2023 Oil giants are set to face a major hit from new climate regulations on ship owners, which will eventually stop them from using high-polluting shipping fuels, analysts have warned. Under agreements made in July, the International Maritime Organisation (IMO) – the UN agency which sets legally binding regulations on international shipping – ruled that nearly [...]
UK reported to UN workers’ rights watchdog over minimum service level strike law September 10, 2023 The TUC is reporting the government to the United Nations workers’ rights watchdog over the controversial new law on strikes, it has been announced.
Heathrow: competition regulator says airport charges should be reconsidered after errors made September 9, 2023 The competition regulator has provisionally found that some errors were made in a decision on how much Heathrow Airport can charge airlines. The Competition and Markets Authority (CMA) said it proposes to require aviation regulator the Civil Aviation Authority (CAA) to reconsider certain aspects of its conclusion. In February, the CAA said the cap on [...]
Lime looks to out-muscle Tier and Bird as e-scooter rivals scrap for profit September 9, 2023 E-scooter investors will be looking ahead to operator Lime’s half-year results next Tuesday.
London Underground’s Central Line just got better with 5G between Oxford Circus and Tottenham Court Road September 8, 2023 It will now be easier to play Minecraft and scroll Instagram on the tube as some parts of London’s West End underground are set to receive a connectivity boost from mobile providers. Oxford Circus and Tottenham Court Road stations, both on the Central Line, are the first stations in the West End flurry of theatres, [...]
Latest Boeing 737 MAX defect hit three quarters of fleet, says CFO September 7, 2023 The latest production snag at Boeing will hit nearly three quarters of its bestselling fleet of 737 MAX aircraft, its CFO has said.
GKN Aerospace owner Melrose clears way for new leadership as chief departs September 7, 2023 British aerospace supplier Melrose’s CEO and co-founder Simon Peckham will step down in March after more than 20 years and be replaced by chief operating officer Peter Dilnot, it said today, paving the way for new leadership. The owner of GKN Aerospace, publishing its first set of results after completing the spin-off of Dowlais Group in April, [...]
Network Rail pleads guilty over fatal derailment which claimed three lives September 7, 2023 Network Rail has pled guilty at the High Court in Aberdeen to health and safety failings over a rail crash that claimed three lives.
Jet2 raises profit outlook despite £13m hit from air traffic control chaos September 7, 2023 Jet2 expects to exceed profit forecasts for the year ahead, despite a summer of disruption caused by last weeks’ air traffic control shutdown and rampant wildfires on the Greek Island of Rhodes. Annual pre-tax profits on a constant currency basis are expected to hit between £480m to £520m, after the months of July and August [...]
Direct Line shares soar despite losses after £520m commercial insurance sale September 7, 2023 Direct Line continued to feel the pain of cost inflation, with new boss Adam Winslow faced with a miserable balance sheet