Hedge funds take out £86m bets against British Gas owner Centrica March 31, 2019 Hedge funds are taking out record bets against British Gas owner Centrica as the energy sector faces challenges from Ofgem’s price cap. The cap, which increases from tomorrow, has put pressure on suppliers’ margins. Read more: UK must decarbonise heating, Centrica boss says Disclosed so-called short positions in the Big Six energy supplier have risen [...]
Last minutes of doomed Ethiopian Airlines jet emerge March 30, 2019 Details of the last minutes of the Ethiopian Airline jet that crashed earlier this month killing all 157 people on board have emerged. According to a report in the Wall Street Journal, the Boeing 737 Max began to run into difficulties shortly after take off on the 10 March flight between Addis Ababa and Nairobi [...]
Eurostar services suspended because of pro-Brexit protester at St Pancras March 30, 2019 Eurostar services were suspended this morning after a pro-Brexit protester trespassed on the railway. Eurostar said this morning that services were suspended and urged passengers not to travel. https://twitter.com/Eurostar/status/1111889309727113216 Read more: Eurostar could be 'plunged into chaos' in no-deal Brexit It later said the trespasser had been apprehended but still said people should avoid travelling [...]
Ranked: How ready are all 33 London boroughs for Sadiq Khan’s Ulez ultra-low emissions zone? March 29, 2019 London mayor Sadiq Khan's Ultra Low Emission Zone (Ulez) will come into force from 8 April in a bid to tackle illegal levels of pollution in the capital. Read more: Travel chaos: London Bridge closed in black cab protest It means cars and vans will need to meet new exhaust emissions standards or else pay a [...]
Passengers warned of Easter travel chaos as HS2 works shut Euston station March 29, 2019 Passengers have been urged to check their travel plans this Easter as Euston station closes while major engineering works for HS2 take place. Read more: Passengers urged to plan Easter travel ahead of railway upgrades No trains will leave Euston over the Easter weekend between 19 and 22 April, as well as the first bank holiday [...]
Tui takes €200m hit after Boeing 737 Max jets grounded following crash March 29, 2019 Travel operator Tui has taken a €200m (£172.5m) hit from the grounding of Boeing’s 737 Max planes. The holiday destination company confirmed the blow this morning, saying the expense of drafting in spare aircraft and “other disruption costs” will weigh on profits. Underlying earnings before interest tax and amortisation are now expected to drop 17 per [...]
Lyft valued at $24bn as it prices shares at $72 ahead of New York float March 28, 2019 Ride-hailing app Lyft has priced its initial public offering (IPO) at $72 per share ahead of its float on the Nasdaq tomorrow, giving it a valuation of more than $24bn (£18.4bn). The pricing is at the top end of the firm’s target range, which Lyft increased earlier this week in a sign of strong investor [...]
Homes switch energy supplier at record rate as consumers face massive price hike next week March 28, 2019 Over 4.5m households changed their gas supplier last year, hitting an all-time high, while electricity switches were at their highest point since 2008. The number of domestic homes that switched electricity supplier hit 5.4m, a 5.5 per cent increase on the year before, figures from the Department for Business, Energy and Industrial Strategy (Beis) show. [...]
Ford and Volkswagen to team up on development of next-generation pickup truck March 28, 2019 German car making giant Volkswagen has penned a deal to produce a pickup truck with US rival Ford, as discussions continue over extending an alliance between the two firms. Volkswagen and Ford announced last year they were in talks to work on a range of commercial vehicles, later branching out even further to include electric [...]
Icelandic airline Wow Air closes operations as it fails to secure rescue deal March 28, 2019 Debt-ridden Wow Air shut operations and grounded planes this morning after a last-minute fight for funding failed, leaving thousands stranded and seeking alternative transport. The struggling Icelandic airline told customers it has now ceased operation, cancelling all flights. Read more: Boeing's Ethiopian Airlines crash fallout: Everything you need to know While tickets were still being [...]