Costain shares sink 40 per cent on profit warning June 28, 2019 Costain’s share price plunged this morning as it warned investors that contract delays would hit revenue and profit for this financial year. Later start dates for projects like the M6 smart motorway and the southern section of High-Speed Rail 2 are set to push revenue “lower than anticipated”, Costain said in a trading update. Read [...]
London City Airport is grounded in sustainability June 28, 2019 Despite the political and economic uncertainty, London is continuing to grow and is expected to remain a major global city for business and tourism. London’s population has increased every year since 1988 and currently stands at almost 9m. Brexit may have cast a temporary cloud over London’s short-term prospects, but new corporate offices are still [...]
TfL revises junk food ad ban after rules spark confusion June 27, 2019 Transport for London (TfL) has overhauled the guidelines for its junk food advertising ban after critics slammed it as “absurd” and “confusing”. TfL has been forced to clarify the details of its new ban, which is aimed at tackling childhood obesity, just four months after it was brought into force. Read more: Critics slam ‘absurd’ [...]
Police find ‘nothing suspicious’ on jet after emergency Stansted landing June 27, 2019 Police have found nothing suspicious on board a passenger jet that made an emergency landing at London Stansted Airport over a bomb threat hoax. The landing took place just before 10.30am today after two RAF Typhoons escorted the Air India B777 Flight 191 to Stansted. The bomb threat turned out to be a hoax, with [...]
Ford to cut 12,000 jobs across Europe and close five sites including its Bridgend engine plant June 27, 2019 Car manufacturer Ford has announced plans to cut 12,000 jobs across its European operations by the end of 2020 as it continues to streamline its business. The company, which employs 51,000 people across the continent, is also planning to close five European sites in total, including its engine plant at Bridgend in Wales. Read more: [...]
Japanese firms ‘very concerned’ about prospect of no-deal Brexit, warns foreign minister June 27, 2019 Japan’s foreign minister has urged the UK to avoid a no-deal Brexit, admitting that Japanese firms are “very concerned” by the possibility. Taro Kono has warned the Tory leadership hopefuls, Boris Johnson and Jeremy Hunt, that a failure to agree on a withdrawal bill will have “very negative” implications for the 1,000 Japanese companies operating [...]
Tube drivers get ear defenders for ‘screeching’ Underground lines June 27, 2019 Transport for London (TfL) has offered Tube drivers ear defenders to protect them against high levels of noise from new sections of track, after their union threatened a strike. Drivers on the Victoria, Jubilee, Central, Piccadilly, Bakerloo and Northern Lines will receive the mufflers to cope with noise levels that reportedly reach up to 109.5 [...]
UK passes law to slash greenhouse gas emissions to ‘net zero’ by 2050 June 27, 2019 The UK has enshrined in law a target to cut greenhouse gas emissions to “net zero” by 2050, becoming the first major economy to legislate to curb its global warming contribution. That compares with a previous target to slash greenhouse emissions by 80 per cent from 1990 levels. Read more: Is there any merit to [...]
Self-driving cars get first London test routes June 27, 2019 Self-driving cars have been granted their first ever London test routes in a major step forward for real-world driverless vehicle trials The testbed, which is a UK industry first, will consist of 26km of public road in Greenwich and the Queen Elizabeth Olympic Park in Stratford. Read more: Uber’s self-driving unit raises $1bn ahead of [...]
Eurostar chair set to take the reins at Go-Ahead Group June 27, 2019 Transport giant Go-Ahead today said it has appointed Eurostar boss Clare Hollingsworth as its new chair following the retirement of Andrew Allner. The rail and bus operator today announced that Allner will step down as non-executive chairman and retire from the board after the company’s annual general meeting in October. Read more: Go-Ahead sees revenue [...]