Boeing opens first 737 completion plant in China amid US trade war December 15, 2018 Boeing has opened a plant in China for the completion of its 737 for the first time on Saturday. It is an investment aimed at building a sales-lead over rivals Airbus, but Boeing has admitted concern over the US trade war with China. Boeing delivered the first of its 737s completed at Zhoushan, 180 miles southeast [...]
Time Out Market to open in former Eurostar terminal in London Waterloo station December 14, 2018 Time Out Group has revealed plans to open a new market in London's Waterloo station. Time Out Market London will have restaurants, bars and “cultural experiences” hand picked by the British media company from across the capital. Occupying 32,500 square feet over two floors in the former Eurostar terminal, the market is expected to open in 2021. It [...]
Balfour Beatty set to grow revenues against backdrop of struggling construction rivals December 14, 2018 Balfour Beatty is on course to beat expectations after selling off more of its infrastructure investment stakes in December, the engineering firm said today. The engineering firm expects to net about £65m in profit from the disposals over the full year, which come under its Build to Last transformation programme that will also see it sell [...]
Renault keeps Ghosn as chief executive and chairman December 13, 2018 Renault will keep Carlos Ghosn as its chairman and chief executive after an initial internal investigation found no evidence of wrongdoing, the company said today. Renault said the executive’s compensation was “in compliance with applicable law” and said it would maintain its current governing structure. Under this structure Ghosn retains his positions as chairman and [...]
Luton airport gears up for boosted passenger numbers as it unveils £160m upgraded terminal December 13, 2018 Luton airport has unveiled its upgraded terminal after its three-year £160m redevelopment. The redevelopment has been the biggest in the airport’s 80-year history and has seen the terminal expanded to increase capacity in London and the south east, a task levelled to airports by the government. The new terminal features 30 new new high street and high-end stores including [...]
Train delays hit 10-year highs for Square Mile commuters December 13, 2018 Punctuality rates for three London train operators – including two that take commuters directly into the Square Mile – fell to decade-lows in the second quarter of this year. The percentage of Chiltern Railways, c2c, and Greater Anglia trains arriving late between July and September were at their highest in over 10 years, according to [...]
Commuters face day of disruption due to train fault between Stratford and St Pancras International December 13, 2018 A damaged track between Stratford and Eurostar hub St Pancras has triggered widespread delays and disruption for commuters this afternoon. Southeastern said disruption to its high speed services would continue through the rest of the day. A limited service is will run between Stratford and St Pancras until about 10pm this evening, and there will be [...]
Passengers ditch season tickets in favour of single journeys as disruption takes its toll December 13, 2018 Passengers are continuing to ditch season tickets, suggesting a loss of confidence caused by disruption on Britain’s railways. The number of season ticket journeys for the second quarter this year was 143m – the lowest level since the second quarter of 2010-11. By contrast, the number of journeys using one-time advance, anytime and off-peak tickets increased [...]
Christmas strikes: Union votes for New Year’s Eve strike on London rail December 13, 2018 Commuters face renewed strike misery over Christmas, with new industrial action planned on New Year’s Eve on South Western Railway. The RMT union will also strike for the whole of Thursday 27 December on South Western Railway, accusing the train line of refusing to engage in “a serious talks process” to solve a long-running dispute [...]
Holiday experiences help travel operator Tui weather the heatwave storm December 13, 2018 Travel operator Tui has reported double-digit sales growth for the full year, as strong performance in hotels and cruises outweighed the impact of the summer heatwave and airline strikes. The figures Reported core earnings rose 10.9 per cent from €1.10bn (£990m) to €1.14bn. Revenues were up five per cent to €19.52bn. Profit before tax fell [...]