Good energy positioned to adapt as market moves September 10, 2019 Good Energy today said it was positioned to win more business in a rapidly changing energy market, as it spent the first six months of the year paying down debt. Profit before tax at the energy supplier rose eight per cent in the first half of the year to £2.5m, the company said. Meanwhile the [...]
British Airways pilots threaten further strikes unless stalemate is broken September 10, 2019 British Airways pilots are threatening further strike action if the current pay row with the airline is not resolved. The British Airline Pilots’ Association (Balpa) union has called on BA to engage in further talks to avert the planned strike on 27 September. Read more: Shares in British Airways owner IAG bounce as strike enters [...]
Frankfurt Motor Show: Car industry bosses warn against no-deal Brexit September 10, 2019 Bosses at car makers BMW and Vauxhall, which collectively employ more than 7,000 people in the UK, have warned about the destructive effects a no-deal Brexit could have on the automotive industry. Workers at BMW’s Mini factory in Oxford could face losing work in the event of a no-deal Brexit, according to the car maker’s [...]
Lords approved HS2 Birmingham-Crewe extension before parliament shutdown September 10, 2019 The House of Lords last night approved the High Speed Two (HS2) extension from Birmingham to Crewe before parliament was suspended for five weeks. The controversial railway, which will link London to the north in stages, is currently subject to an independent review chaired by former HS2 chair Douglas Oakervee and critic Lord Berkeley, which [...]
National Grid calls for security review following massive August power cut September 10, 2019 UK electricity operator National Grid has said the network’s security standards need reviewing following the August power cut which plunged 1m Britons into darkness. Read more: Government sets out scope for probe into national grid outage In National Grid’s report into the outage, published today by energy watchdog Ofgem, it concluded that a simultaneous loss [...]
Shares in British Airways owner IAG bounce as strike enters second day September 10, 2019 Shares in British Airways’ parent company IAG are up by more than five per cent this morning as the airline suffers its second day of strike action. Pilots who are members of the British Airline Pilots’ Association (Balpa) are into their second day of industrial action in an ongoing dispute over pay and working conditions. [...]
Tube delays: Disruption strikes Circle, Hammersmith & City and Metropolitan Lines September 10, 2019 Severe delays are affecting three London Underground lines today as commuters face a difficult journey into work. Read more: Northern Line suspension causes day of misery for Tube commuters The Circle Line, Hammersmith & City Line and the Metropolitan Line all suffered disruption in this morning’s rush hour as Transport for London (TfL) advised commuters [...]
Chinese car maker Geely invests in flying taxi startup Volocopter September 9, 2019 Geely has hedged its bets on a German startup which hopes to bring flying taxis to cities around the world, as the Chinese firm looks to branch out from its traditional automotive business ventures. The car maker has taken a minority stake in Volocopter, which hopes to bring air taxis to Chinese cities, and said [...]
Ferrari powers ahead with two new models as firm chases profit boost September 9, 2019 Italian supercar manufacturer Ferrari lifted the lid on two new cars today as it pushes on with an aggressive roll-out plan designed to keep its recent profit and share price growth in top gear. The so-called prancing horse, long a motor racing icon and household name in luxury cars, unveiled the F8 Spider and 812 [...]
Nissan crisis: Chief resigns after year of scandal and financial turmoil September 9, 2019 The crisis at Japanese automotive giant Nissan deepened today, after chief executive Hiroto Saikawa was asked to quit by the company’s board. In a sometimes heated late night press conference in Japan, board members confirmed that Saikawa, who had already expressed a desire to leave the top job, would step down. Read more: Nissan chief [...]