New chief takes the wheel at bus provider First Group as losses increase November 13, 2018 Rail and bus provider First Group has named Matthew Gregory as its new chief executive, as losses before tax increased to £4.6m. The former finance chief and interim chief operating officer steps into the job six months after boss Tim O’Toole left the company when it posted a £327m loss for the financial year. Shares grew nine [...]
Revealed: Londoners’ daily commute is 23 minutes longer than the UK average November 13, 2018 Londoners' daily commute takes 23 minutes longer than the UK average at one hour and 21 minutes, TUC trade union analysis has shown. The joint runners up for the longest commute to and from work are the east of England and south east, where the journey into work takes 62 minutes. Workers in Northern Ireland, [...]
Former Stobart boss Tinkler denies £5m expenses were claimed improperly November 12, 2018 Former Stobart Group chief executive Andrew Tinkler today denied accusations he improperly claimed £5m in expenses when he was head of the infrastructure firm. In the first day of a High Court trial centring on whether Tinkler was unfairly dismissed, lawyers for Tinkler said the claim that he breached his duties in claiming £5m of [...]
Shares in Zurich Airport operator plunge after warning on potential revenue hit November 12, 2018 Shares in the operator of Zurich airport have dived by nearly 17 per cent following its estimation that revenues could plummet if proposed regulatory changes are enforced. Flughafen Zurich shares were down 16.42 per cent at the time of writing, after the operator warned that changes proposed by the Federal Office of Civil Aviation (Foca) could [...]
Farming supplier Carr’s Group milks profit jump and raises dividend November 12, 2018 Agricultural and engineering firm Carr’s saw a five per cent spike in share prices this morning after it reported a huge increase in profits and a boost in revenue in its full-year results today. The figures Carr’s revenue rose 16.5 per cent year-on-year to £403.2m. Profit before tax soared 45.2 per cent to £16.6m compared to the full-year [...]
Interserve shares plunge to lowest level in more than 30 years November 12, 2018 Shares in troubled outsourcing firm Interserve plummeted more than 10 per cent today to the lowest level in more than 30 years. The price dropped from 45.18p to a low of 39.03p today, as the construction and support services giant continued to struggle despite agreeing a rescue deal with lenders in March. The company's finances were [...]
NFL boost: North American passengers drive touchdowns at Heathrow as airplanes fill up November 12, 2018 Nearly 150,000 more passengers travelled to and from North America through Heathrow in October, as American football teams hit the capital. The number of North American travellers increased 9.1 per cent, making up half of the over 300,000 more people who came through the airport's gate last month. As the NFL came to London, organisers [...]
Thousands of hybrid cars subsidised by the government’s plug-in grant may never have been charged November 10, 2018 New data has revealed that tens of thousands of hybrid cars bought with government grants over the past seven years may have burned as much fuel as regular petrol engines. The plug-in hybrids (PHEVs) were available to be bought at a discounted rate due to a government incentive introduced in 2011, which gave buyers up to [...]
Former Tesla employee embezzled $9m, prosecutors say November 10, 2018 A former worker at Tesla has been indicted in the US for allegedly embezzling $9.3m (£7.2m) from the car manufacturer. Prosecutors say that Salil Parulekar diverted money owed by one Tesla supplier to another in 2016 and 2017, using forged documents. The indictment alleges that the former employee at the company’s global supply management group [...]
Ryanair plane released by French authorities after airline pays £457,000 bill November 10, 2018 The French civil aviation authority have released a Ryanair plane after the Irish airline paid up the €525,000 (£457,000) bill that was owed. A Boeing 737 was seized at Bordeaux airport on Thursday, with the flight due to carry 149 passengers to Stansted that afternoon. The row was over money the airline received as aid related to its [...]