London set for commuter chaos as Greater Anglia and others reduce services in 37C heat July 24, 2019 Londoners face sweltering rush-hour delays tomorrow with rail groups urging travellers to avoid using trains as record temperatures could buckle the tracks. Greater Anglia, which runs trains into the City’s Liverpool Street station, said this evening it will significantly reduce its service across its network across East Anglia and London. Read more: London heatwave: Temperatures [...]
Sadiq Khan’s minicab congestion charge is not discriminatory, court rules July 24, 2019 Sadiq Khan’s decision to impose a congestion charge on private hire vehicles (PHVs) was lawful and appropriate, the High Court has ruled. The Independent Workers’ Union of Great Britain (IWGB) challenged the London mayor’s decision to lift the congestion charge for PHVs, arguing that the policy disproportionately affects female and black and ethnic minority drivers. [...]
Freefall: Boeing makes $3.4bn loss on 737 Max grounding in second quarter July 24, 2019 Boeing this afternoon posted a $3.4bn (£2.7bn) quarterly loss, as it continues to struggle with mounting costs relating to the grounded 737 Max plane. The massive losses come after Boeing’s surprise announcement last week that it would set aside $4.9bn (£3.9bn) to compensate airlines for the disruption caused by the jet’s grounding. Read more: Boeing [...]
Union suspends Heathrow Airport July strikes but warns August action ‘still on the table’ July 24, 2019 Strikes that threatened to shut down Heathrow Airport this Friday and Saturday have been put on hold while Unite the union considers a new pay offer. More than 4,000 workers, including security guards, engineers and those in passenger services, were due to strike over pay, over Friday and Saturday and on the 5, 6, 23 [...]
Aston Martin revenue warning leaves shareholders shaken, not stirred July 24, 2019 A week before Aston Martin’s half-year results are due, the James Bond car maker has yet again used its license to kill the share price. The luxury manufacturer this morning cut its sales expectations to 6,300-6,500 vehicles, down from 7,100 to 7,300 cars. Read more: Aston Martin shares crash 24 per cent as it slashes [...]
Stobart suffers bloody nose as investors revolt against pay July 23, 2019 A campaign by former Stobart boss Andrew Tinkler to oust chief executive Warwick Brady floundered today but a chunk of investors gave the firm a bloody nose in a spat over pay. Tinkler, who has been engaged in a number of court battles with Stobart over his failed attempt to oust former chairman Iain Ferguson [...]
Farewell, Failing Grayling: Here are your five finest moments in office July 23, 2019 Any article written about transport secretary Chris Grayling over the past year has tended to start with a not-so-favourable adjective. “Embattled”, “Beleaguered” and “Failing” spring to mind. As of this week, Grayling – who is likely to be ousted as the head of the Department for Transport (DfT) when Boris Johnson enters No.10 – can [...]
Heathrow passenger numbers climb to record 39m July 23, 2019 Heathrow passenger numbers reached a record high of 38.8m in the first half of this year, a near two per cent increase on the previous year. The figures Profit before tax dropped at the airport dropped from £289m from the six months ended June 2018 to just £7m over the same period in 2019. Revenues [...]
US sanctions blamed for Huawei 5G decision delay July 22, 2019 The government has put off a decision on whether Chinese telecoms giant Huawei should be part of the construction of the UK’s next-generation 5G networks, saying US sanctions might stop the firm from being a viable long-term partner. Read more: Next PM urged to prioritise Huawei decision The delay means the next government, which will [...]
Government intervenes in Inmarsat deal on national security grounds July 22, 2019 The UK government is to investigate the sale of London-listed satellite company Inmarsat to a private-equity and pension fund group on national security grounds, it said today. Read more: Inmarsat bidders look to appease government Inmarsat, Britain’s biggest satellite company, agreed in March to be bought by an international group including buyout firms Apax and [...]