Transport operator Go-Ahead calls for national strategy to tackle falling bus use October 1, 2018 Leading transport operator the Go-Ahead Group has called for a national bus strategy to address decline in the use of buses in the wake of a massive shakeup of the London network. The Go-Ahead Group, which carries over two million passengers a day on its buses, has raised alarm at the decline in the use of [...]
Addison Lee says Sadiq Khan’s congestion charge plans could cost it £4m a year October 1, 2018 Addison Lee has said Sadiq Khan's plans to remove the congestion charge exemption for private hire taxi companies could cost it £4m a year. Uber rival Addison Lee has commissioned research that suggests levying a congestion charge on minicabs in London would make the capital more congested and polluted. Read more: London Assembly votes against Sadiq [...]
Chris Grayling announces ‘one-click’ commuter compensation as train delay payouts rocket October 1, 2018 Transport secretary Chris Grayling has launched plans to make it easier for passengers to claim compensation for delayed or cancelled journeys as the latest figures show that payouts by train companies have rocketed since 2009. Future train operators under government-awarded franchises will be required to speed up claims by circumventing the need for passengers to enter [...]
Tesla shares bounce back after Elon Musk agrees to step down as chairman October 1, 2018 Tesla shares have jumped over 16 per cent following a backlash last week over the company's $40m (£31m) fine from the US Securities and Exchange Commission (SEC). Musk has been pursued by the SEC over a tweet he sent in August saying he has secured funding to take Tesla private at $420 per share. The SEC said [...]
Severe delays on London Overground between Surrey Quays and Clapham Junction October 1, 2018 The London Overground is running with severe delays this morning between Surrey Quays and Clapham Junction because of a faulty track. Earlier during rush hour there was no service between Wandsworth Road and Clapham Junction – one of London's busiest stations – because of a faulty train track at Wandsworth Road. Transport for London (TfL) said [...]
Ryanair shares fall as airline slashes profit guidance amid strike action October 1, 2018 Shares in budget airline Ryanair are down eight per cent this morning after it downgraded its full-year profit guidance by 12 per cent following a series of summer strikes by pilots and cabin crew. Chief executive Michael O'Leary blamed the downgrade on lower passenger traffic and forward bookings made because of the strikes. It now expects [...]
Toyota warns production could grind to a halt in the case of a no-deal Brexit September 29, 2018 Car manufacturer Toyota has warned that a "no-deal" Brexit could force it to stop production at one of its key UK plants. The firm is one of the biggest car makers in the UK, and relies on components from the EU to make its vehicles. But today it has raised concerns that a "no-deal" Brexit [...]
Uber shells out $148m to settle cyber attack legal case September 28, 2018 Taxi giant Uber has had to pay out $148m (£113m) to settle a legal case over a recent cyber attack. The 2016 breach led to the information of 57m customers and drivers being exposed. Uber paid the hackers $100,000 to delete the data they had taken from the company's servers. The data included information such as the number [...]
Easyjet soars towards full-year profit targets September 28, 2018 Easyjet today told investors it expected to deliver strong headline profit in its full year results, despite warnings of a no-deal Brexit hitting the airline. The company said before tax, profit for the year was likely to come in between £570m and £580m, in the upper half of previous guidance. It said passenger numbers for [...]
Editor’s Notes: The Tories face a huge challenge, but they must take the fight to Corbyn September 28, 2018 Having observed the Labour party conference from a safe distance I’ll be travelling to Birmingham on Sunday to soak up the atmosphere at the annual Tory gathering. My first port of call will be speaking at a dinner hosted by City comms firm Cicero, where I shall sing for my supper and offer a [...]