Balfour Beatty share price inches up as it returns to profit after two years of losses as order book grows 15 per cent March 16, 2017 Balfour Beatty has reported a profit for the first time in two years, after growing its order book by 15 per cent in the 12 months to 31 December 2016. The figures Underlying operating profit was £67m, following two years of losses, and pre-tax profit was £60m, compared with a £123m loss in 2015. Underlying [...]
Southern Rail and Aslef have agreed to a fresh deal to end strikes, but union members could still reject it March 15, 2017 Southern Rail and train drivers' union Aslef have agreed to a fresh deal, finally resolving their row over driver-only trains. However, it's not quite over yet. Aslef members still need to vote on the new terms, and the result will be announced 3 April. The union's boss is recommending members accept the deal. Mick Whelan, general secretary of [...]
Ranked: The world’s 20 best airports (spoiler – Heathrow has swooped lower) March 15, 2017 Heathrow airport has been named the world's top airport for shopping by Skytrax’s World Airport Awards for the fifth year in a row – but has fallen in the overall ranking. Heathrow fell from eighth place in 2016 to ninth in this year's overall ranking, although it was also voted the best airport in Western Europe [...]
Audi’s HQ raided by German police in Dieselgate swoop as its CEO Rupert Stadler announces earnings for 2016 March 15, 2017 Audi's two biggest plants were searched by German prosecutors today while its chief exec was announcing the car giant's earnings at its annual press conference today. Prosecutors from several jurisdictions and state police from Bavaria, Baden-Wuerttemberg and Lower Saxony carried out the raids, according to Reuters. VW, Audi's parent company, has drawn criticism amid the so-called [...]
Activist investor Chris Hohn tells Safran chairman: Pull €8.5bn Zodiac deal or we’ll try to oust you March 15, 2017 Chris Hohn’s activist hedge fund has called for a chairman to abandon a proposed €8.5bn (£7.4bn) takeover or face being ousted. The Children’s Investment (TCI) Fund has previously made clear its opposition to a deal under which French aircraft-engine maker Safran, in which it owns a 4.1 per cent stake, is due to buy plane [...]
Brexit could cost the construction sector thousands of workers and increase the skills shortage March 15, 2017 While the UK grapples with a skills shortage in the construction industry, new figures suggest Brexit will threaten eight per cent of the sector's workforce. Losing access to the EU's Single Market will put nearly 200,000 construction jobs at risk, a survey of construction professionals by the Royal Institution of Chartered Surveyors (Rics) will today reveal. According [...]
Storm Stella has hit airline share prices (including British Airways owner IAG) March 14, 2017 With Storm Stella blowing an icy blizzard on the East Coast of the United States, New Yorkers have battened down the hatches – along with airlines, which cancelled thousands of transatlantic flights today, hitting their share prices hard. On this side of the pond, International Airlines Group, the parent company of British Airways, Iberia and [...]
Storm Stella: Dozens of British Airways and Virgin Atlantic flights from London to New York cancelled as snow envelops the US March 14, 2017 Dozens of London flights to and from the US have been cancelled after Storm Stella caused travel chaos in the north east of America. The US' National Weather Service issued blizzard warnings for parts of Pennsylvania, New York, New Jersey, Connecticut, Rhode Island, Massachusetts, Maine, Vermont and New Hampshire. According to live flight tracker FlightAware, 6,022 flights [...]
Eurostar tickets go on sale for new high-speed London-Bordeaux line that cuts journey time by an hour March 14, 2017 Eurostar will open ticket sales for a new high-speed route from London to Bordeaux tomorrow. The rail service will give wine fans something to toast as it slashes journey time by more than an hour, providing quicker access to Bordeaux's renowned vineyards of Saint-Emilion and Medo. Read more: It's full steam ahead for Eurostar's Amsterdam services Tickets will be available [...]
Itching to get away? Here are the 10 most well-travelled jobs March 14, 2017 Fancy seeing more of the world as a work perk, but not sure which profession would give you the best chance of doing so? Well, wonder no longer, for Gatwick has analysed how often and where people in different jobs travel for business. Read more: Private jet usage has gone up 25 per cent, London [...]