Rolls-Royce secures order to build 140 aircraft engines for Emirates February 14, 2019 Engine manufacturer Rolls-Royce has been tasked with building engines for 70 new aircraft after airline Emirates penned an order from Airbus. The order includes building 80 engines to power 40 Airbus A330neo models, and 60 engines to power 30 A350 planes. Read more: Airbus stops making A380 after demand nosedive Chris Cholerton, Rolls-Royce president of [...]
Airbus to halt production of A380 superjumbo jet after demand nosedives February 14, 2019 Airbus’ dreams of ruling the skies with its mammoth A380 superjumbo jet have come crashing down to earth this morning, as it said it would stop making its flagship cruise liner. Outspoken chief executive Tom Enders spoke of his “pain” at having to bring production to a halt after lacklustre demand for the world’s largest [...]
Easyjet confirms talks over possible bid for struggling airline Alitalia February 14, 2019 Easyjet confirmed it is in talks over a possible acquisition of struggling airline Alitalia this morning. The British budget flyer may launch a consortium bid for the airline with Ferrovie dello Stato Italiane and Delta Air Lines for the company. Read more: Flybe directors give shareholders ultimatum over takeover bid Easyjet said the trio wanted [...]
Lights out: Around 1,000 jobs at risk as Utilitywise goes into administration February 13, 2019 Energy broker Utilitywise has fallen into administration as the company struggled to raise enough cash to stay in business. The company said last month it had failed to find the £10m it would need to keep its head above water, and was putting itself up for sale. Lenders had said it would need to raise [...]
DfT took Seaborne’s word that it had secure backing before awarding no-deal ferry contract, says top civil servant February 13, 2019 Britain’s top transport mandarin has said the government had been happy to take Seaborne Freight’s word that it had secured financial backers before the firm was awarded a £13.8m contract. Bernadette Kelly, permanent secretary to the Department for Transport (DfT), said Seaborne was a “known quantity in the industry”. The DfT scrapped its contract with [...]
Theresa May defends due diligence into scrapped contract ferry firm Seaborne February 13, 2019 Theresa May has claimed proper due diligence was carried out in the government’s aborted ferry contract with Seaborne Freight despite consultants saying they could not assess its finances. Pressed by Labour leader Jeremy Corbyn at prime minister’s questions today, May insisted “proper due diligence was carried out” in the procurement of a contract for ferrying [...]
Revealed: Final cost of ‘botched’ Garden Bridge project comes to £53.5m February 13, 2019 Backers of the failed Garden Bridge project are under fire after the "galling" costs of the scheme were revealed to have spiralled north of £50m. The Garden Bridge Trust, which managed the project since November 2015, was accused of “squandering public money” on the ill-fated venture, after Transport for London admitted that the project racked [...]
Galliford Try profits rise despite loss-making Aberdeen bypass project February 13, 2019 Construction firm Galliford Try’s shares grew 4.8 per cent in early morning trading today as it announced rising pre-tax profit, but warned a no-deal Brexit could hurt its supply chain. The FTSE 250 firm, known for carrying out the redevelopment of Wimbledon Tennis Club, also said in its interim results it was still trying to break free from [...]
Victoria line trains to Brixton suspended as severe delays plague Tube lines February 13, 2019 Commuters were facing rush hour hell this morning after a key Tube line was part suspended and three were hit by severe delays Read more: King's Cross signal failure hits key Tube lines with severe delays The Victoria line was not running to Brixton this morning after engineers were called to fix a signal failure [...]
General Motors takes stake in British car tracking startup as it looks to driverless future February 12, 2019 US car giant General Motors (GM) is taking a stake in a British technology startup as it prepares for a driverless future. The deal, which values Chester-based Wejo at $275m (£213m), includes a $25m cash injection into the connected cars firm. Read more: General Motors cuts costs with 8,000 redundancies It also gives Wejo access [...]