Heidi Alexander: It would add ‘insult to injury’ if HS2 skips Euston September 12, 2019 It would add ‘insult to injury’ if High Speed Two (HS2) did not stop at Euston, London’s deputy mayor for transport has said. Read more: Businesses react as HS2’s price tag balloons to £88bn Former shadow cabinet minister Heidi Alexander said communities in London had already experienced “considerable disruption” around Euston, where HS2 is due [...]
Trainline increases revenue expectations as sales soar September 12, 2019 Shares in Trainline jumped more than six per cent this morning as the ticket-selling platform announced soaring sales in the first half of the financial year. Trainline raised its full-year revenue growth expectations to the low to mid 20 per cent range as it reported that revenue was up 29 per cent to £129m in [...]
Raising the roof: Bank Tube station upgrade reaches major milestone September 12, 2019 The upgrade project at Bank Tube station reached a major milestone this week as work was completed on the roof of the new entrance on Cannon Street. Read more: Tube drivers threaten disruption on Jubilee, Central, Northern and Victoria lines over noise levels Transport for London (TfL) said workers had “topped out” the new roof, [...]
Car manual publisher Haynes posts jump in profit as digital shift pays off September 12, 2019 Haynes Publishing Group has posted a sharp rise in revenue and profit for the full year as the car manual specialist’s digital shift helped drive business in its corporate division. Read more: Shares in car manual publisher Haynes soar as it eyes sharp profit growth The figures Haynes posted a seven per cent increase in [...]
Let’s end the airline monopoly over Europe’s busiest airport September 12, 2019 This week’s two-day strike by British Airways (BA) pilots is not just another blow for the brand and a pain for thousands of passengers. It is also a vivid demonstration of the pitfalls of letting one airline group have an effective monopoly over many routes at Europe’s busiest airport, Heathrow. Luckily, expansion at Heathrow provides the [...]
Heathrow passengers ‘pay higher fares’ thanks to British Airways dominance September 12, 2019 Heathrow passengers could be paying as much as 10 per cent more on fares because they lack an alternative to flying with British Airways, a new study has found. British Airways’ parent company IAG currently operates over half of all take-off and landing slots at Heathrow. The next largest groups are Lufthansa, which controls eight [...]
Tube drivers threaten disruption on Jubilee, Central, Northern and Victoria lines over noise levels September 11, 2019 Tube drivers have threatened disruption on four London Underground lines after voting overwhelmingly in favour of industrial action in a dispute over noise levels. Drivers who are members of the RMT rail union voted by over 95 per cent in favour of industrial action in a ballot covering the Jubilee, Central, Northern and Victoria Lines [...]
British Airways strikes: Airline warns of continued disruption September 11, 2019 British Airways has warned of continued disruption to flights after pilots held a two-day strike in a row over pay. The airline said hundreds of its planes and pilots were in the wrong place following the strike action, which led to nearly all flights being cancelled on Monday and Tuesday. Read more: British Airways pilots [...]
Galliford Try sees profits sink amid Bovis Homes sale talks September 11, 2019 Galliford Try suffered a 27 per cent slump in profits in its latest financial year, it revealed today, a day after it restarted talks to sell its housebuilding arm to Bovis Homes for £1.1bn. Read more: Galliford Try’s share price rockets as it targets £1.1bn Bovis Homes sale The figures Pre-tax profits crashed 27 per [...]
Macquarie ‘determined’ to buy Solarcentury September 10, 2019 Australian investment bank Macquarie has its sights set on the UK’s largest solar companies, in a deal which could be worth £250m. The bank is in the last two bidders in the race to snap up Solarcentury, which has around 20 years experience in the sector. Macquarie is “determined” to buy the solar experts, sources [...]