Private jet platform launches summer sale for trips from London to Paris, Ibiza and Geneva April 30, 2019 Flying by private jet might be one of the most lavish forms of travel, but this summer those who are lucky enough to have their own personal carrier can do so on the (relatively) cheap. Private jet booking platform PrivateFly has launched a summer sale that will allow its customers 30 to 50 per cent off [...]
Jaguar Land Rover moves production of historic Defender model to Slovakia April 30, 2019 Jaguar Land Rover has today continued its process of shifting vehicle production away from Britain, by announcing it will build the next generation of the Land Rover Defender at its Slovakia plant. Read more: JLR may make fresh British investment despite industry turmoil For 67 years, the 4×4 was made in the firm’s factory in [...]
Households face a £70m windfall after Ofgem launches automatic compensation scheme April 30, 2019 More than £70m is likely to be paid to customers each year as Ofgem announced an automatic compensation scheme in a bid to shore up confidence in the process of switching suppliers. From tomorrow, customers will be given at least £30 to compensate them for “erroneous switches”, and delays to refunds of their credit balances. [...]
Uber revamps app to offer London passengers a public transport option April 30, 2019 Uber is revamping its app to include public transport information that will allow users to compare journeys based on price and time. Using publicly available data from Transport for London (TfL), the app will grant users to access real-time information for services such as the Underground, Overground and DLR, which Uber says will allow them to [...]
Boeing suffers further setback as Virgin Australia delays 737 Max deliveries April 30, 2019 Virgin Australia will delay taking deliveries of Boeing’s 737 Max for nearly two years, in a move designed to cut spending and buy the airline time to satisfy itself the plane is safe. Read more: Airbus profits plummet despite turning up the heat on Boeing Chief executive Paul Scurrah, who stepped into the role five [...]
Airbus piles pressure on Boeing but faces turbulence of its own amid Saudi arms ban April 30, 2019 Airbus shares fell this morning as it reported plunging profits after cancelling production of its A380 superjumbo jet. Read more: Airbus and Boeing set for record-breaking year But the firm’s underlying earnings and revenue gained height as it looked to capitalise on arch-rival Boeing’s grounded 737 Max fleet by ramping up manufacturing of its equivalent narrow [...]
Scrap franchise system and let TfL control London commuter routes, says rail industry April 29, 2019 The rail franchise system should be scrapped and responsibility for commuter routes handed from central government to local authorities such as Transport for London (TfL), the rail industry has said. The Rail Delivery Group (RDG), which represents the industry, has today unveiled its proposals for the Williams rail review, which transport secretary Chris Grayling called last [...]
Southend Airport eyes 2.5m passenger target this year amid growth spurt April 29, 2019 London Southend Airport owner Stobart Aviation has set its sights on reaching 2.5m passengers this year and 5m by 2023, in a move that would take it closer to its rival London City Airport (LCA). Southend Airport, which grew nearly 40 per cent last year, said the addition of EasyJet and Ryanair, which started flying from [...]
A new book about austerity has put Keynesian economists on the defensive April 29, 2019 Notoriously, economists quarrel about almost everything in their subject. But since the publication of John Maynard Keynes’ General Theory of Employment, Interest and Money in 1936, they are supposed to agree on one point: that increases in government spending boost demand and output, and reductions in government spending depress them. Indeed, according to the theory, a [...]
Siemens and Babcock among winners of £750m Network Rail signalling contract April 29, 2019 Network Rail has awarded contracts collectively worth £750m to companies including Siemens and Babcock to to deliver signalling and telecoms across the UK. The contracts are for projects such as stand-alone level crossings, stand-alone major telecoms and related civil works. Other firms to pick up the contracts include VolkerRail Special Businesses, Atkins, Linbrooke Services and Colas Rail. Signalling [...]