Airbus shares soar after plane maker lands 300-aircraft order to China worth £25.7bn March 26, 2019 Airbus shares rose this morning on yesterday’s news that it signed a deal worth around €30bn (£25.7bn) to sell 300 planes to China. The plane maker was up 2.4 per cent this morning after announcing the sale of 290 of its A320 models and 10 A350 XWB aircraft to China Aviation Supplies Holding Company (CAS). [...]
Interserve cleaning staff to vote on strike action amid union complaints of ‘culture of fear’ at Network Rail stations March 26, 2019 Interserve cleaning staff at Network Rail stations are preparing to vote on strike action after the firm allegedly imposed a “culture of fear,” according to the RMT union. The rail union said this morning it would ballot around 300 facilities management workers for strike action after it received complaints of bullying from its members. Read [...]
Plumbing and heating supplier Ferguson’s share price dives after profit warning March 26, 2019 Shares in FTSE 100 plumbing and heating products supplier Ferguson fell nine per cent this morning after it issued a profit warning for 2019. The figures The company's results today revealed a rise in profits before tax of $676m (£513m) before exceptional items for the half year to 31 January, up from $644m for the same [...]
Regulators ‘likely’ to release Boeing 737 Max 8 jet crash report this week March 26, 2019 A crash report for an Ethiopian Airlines flight which went down earlier this month killing 157 people will likely be released this week, according to the country’s transport ministry. This morning a spokesperson for the department told Reuters the findings would probably become available before the end of the week, but added “there could be [...]
Commuters suffer rush hour chaos as Tube lines hit by severe delays March 26, 2019 Commuters were left to contend with a nightmare journey this morning as a signal failure struck multiple Tube lines down with delays. Read more: This London Tube map shows the busiest times at stations in the morning Severe delays hit the Circle Line, Hammersmith & City Line and the Metropolitan Line after a signal systems [...]
Government sets aside nearly £5m to help boost business case for Crossrail extension to Kent March 25, 2019 The government has pledged £4.85m to help local firms develop the businesses case for a Crossrail extension to Ebbsfleet in Kent. The delayed £17.6bn Elizabeth Line will stretch from Abbey Wood in the east to Heathrow in the west when it is due to open around 2020. A number of MPs and local businesses, including [...]
Passengers bemused after BA flight bound for Dusseldorf lands in Edinburgh March 25, 2019 Passengers on a British Airways flight bound for Dusseldorf in Germany this morning got a nasty shock when their plane landed in Edinburgh – 844 kilometres from its correct destination. The flight, operated by WDL Aviation for BA, departed London City Airport at 7.46am this morning, and should have arrived in Dusseldorf less than an [...]
Govia upgrades old electric trains with new £240m Siemens fleet March 25, 2019 Some of Britain's oldest electric trains have been replaced with a new £240m fleet to be used by passengers on the Great Northern route between Moorgate and Hertfordshire. Train operator Govia Thameslink Railway (GTR) has invested the sum in a batch of new trains that will replace those that first came into service in 1976 between now [...]
Norwegian boss Bjorn Kjos hints at retirement after months of turbulence March 25, 2019 The chief executive of Norwegian Air Shuttle has said he is open to retiring just a week after the company’s chairman stepped down during a tough time for the carrier. “I am deep in overtime. I should have retired a long time ago. There is a time for everything, but it’s perhaps not only my [...]
Jet Airways shares jump after chairman Naresh Goyal agrees to stand down from board March 25, 2019 Jet Airways chairman Naresh Goyal is to step down from the board of the India airline, as state-run banks move in on a rescue deal. Goyal will also reduce his stake in the Indian carrier, which has run into financial trouble and is struggling to pay employees, suppliers and leasing companies. Its debt exceeds $1bn (£750m). In [...]