Kier shares plunge on housebuilding unit sale reports June 14, 2019 Shares in construction company Kier plunged more than 30 per cent today following reports that the outsourcer is preparing to sell its housebuilding unit. Shares fell from 205p to 136.28p after it emerged that the embattled firm has been in talks with advisors over selling the business. Read more: Kier shares rally after plummeting on [...]
Shell Energy to pay £390,000 after overcharging customers June 14, 2019 Shell Energy Retail has had to pay £390,000 in compensation and refunds after overcharging 12,000 customers. The utility company overcharged the customers on its default tarrifs after the energy price cap was introduced at the start of this year. Read more: Sunny markets beckon for London energy supplier bulb The Energy watchdog, Ofgem, made the [...]
Nearly one in five UK flights cancelled in disruptive start to 2019 June 14, 2019 Nearly seven and a half million people have been affected by flight disruptions this year, according to new data. The UK saw an average of 115 disrupted flights per day between January and April this year, as nearly one in five flights were cancelled. Read more: London Stansted is UK’s worst airport for flight delays [...]
Scottish government puts Glasgow Prestwick Airport up for sale June 13, 2019 The Scottish government has put the publicly owned Glasgow Prestwick Airport up for sale, just six years after taking ownership of it. The government took control over the airport to stave of the threat of closure as the airport battled poor results. The government bought it for just £1 in 2013. Cabinet secretary for transport, [...]
Rail passenger journeys soared to a record 1.8bn over past year June 13, 2019 Rail passengers travelled 67.7 billion kilometres during the course of last year, equivalent to flying to the moon and back almost 88,000 times. There were a record 1.8bn passenger journeys in 2018-19, generating over £10bn in revenue, the highest rate in four years. Read more: Heathrow may allow passengers to keep liquids in bags The [...]
Train giant Govia awarded extension to Southeastern franchise June 13, 2019 Train giant Govia has been awarded an extension to the Southeastern franchise until November, giving the government more time to consider who the new winner will be. The Southeastern franchise, which serves routes in and out of London, Kent and East Sussex, was due to expire on June 22, but will now continue under current [...]
Getlink blames Brexit for slump in traffic numbers June 12, 2019 Channel Tunnel operator Getlink has blamed dwindling passenger traffic numbers on the political uncertainty caused by Brexit. Getlink, which used to be called Eurotunnel, transports passenger vehicles and commercial vehicles across the Channel. It reported an 11 per cent drop in truck traffic in May after British businesses de-stocked the items they had initially build [...]
Connect Airways appoints new CEO as it awaits EU approval for Flybe deal June 12, 2019 Connect Airways, the consortium that has purchased Flybe, has appointed former Virgin Atlantic’s customer chief Mark Anderson as its chief executive. Connect Airways, which is made up of Virgin Atlantic, Stobart and hedge fund Cyrus Capital, is currently waiting for the merger clearance from the EU commission, which is expected in July. Read more: Flybe [...]
Tinkler says it’s time to move on from Stobart court clash after appeal refused June 11, 2019 Former Stobart boss Andrew Tinkler said he was putting his courtroom battle with the company behind him after a court refused him permission appeal today. Tinkler told Morning Wire: “I’ve always said I was about to move on, I thought it was only right trying to go for the appeal, all I was trying to [...]
Heavy rain causes travel chaos for Southern and Thameslink commuters June 11, 2019 Heavy rain across England is causing chaos for passengers in the south east, especially on the routes run by Southern and Thameslink. There are major delays across the Southern network, which operates between London and the south of England, including Brighton, and on Thameslink, which runs from Bedford via central London to Kent. Read more: [...]