Aggreko share price hit as it warns on profits March 7, 2017 Power supplier Aggreko warned on profits alongside its 2016 results this morning, causing its share price to dive 13 per cent. It said that 2017 results will be hit by a “significant impact” of weaker pricing on contracts in Argentina. The figures The company reported a reduction of 24 per cent in 2016 pre-tax profits to £172m after [...]
Geneva Motor Show 2017: Six of the craziest concept cars, from VW’s driverless pod to Toyota’s electric city car March 7, 2017 One of the most exciting aspects of the Geneva Motor Show is the slew of concept vehicles unveiled: from the fantastic to the downright bizarre. Here are some of the more exciting ones revealed at the 2017 showing… Read more: The five coolest supercars at the LA motor show 1. VW's Sedric You may not even [...]
Inmarsat reveals $3bn savings through embracing its satellite technology March 7, 2017 Satellite firm Inmarsat said today its technology has saved airlines $3bn by enabling planes to fly closer to one another, among other things. The FTSE 250 firm compiled a report in association with specialist consultancy Helios. It concluded $1.1bn had been saved through a single air traffic control system and a further $1.9bn was spared by improving the communications with airline control [...]
Southern rail says the RMT’s strikes are becoming less effective ahead of next week’s 24-hour walkout March 7, 2017 Southern rail has pledged to run the majority of its services during the Rail, Maritime and Transport (RMT) union's next strike on Monday 13 March. The train operator says industrial action is proving less effective and that during the last strike on 22 February, Southern ran 87 per cent of trains with more than 50 per [...]
London’s black cab industry needs a regulatory overhaul to compete with the likes of Uber, say academics March 7, 2017 It's no secret that Uber's rise and its impact on the capital's transport network hasn't gone down well with many black cab drivers. Now a study by the University of the West of England and the University of Greenwich has suggested the capital's black cab industry needs a complete regulatory overhaul to compete with the ride-hailing app and other [...]
New Land Rover Discovery uses search and rescue drone technology to help Red Cross rescue missions March 7, 2017 Check out this rather special version of the new Land Rover Discovery – for use by the Austrian Red Cross. That's right, Jaguar Land Rover special vehicle operations has been beavering away on developing "Project Hero", involving search and rescue drone technology which can take off and land on the vehicle, even when it's in [...]
Jaguar Land Rover is driven to new heights by 40 per cent surge in Chinese sales March 7, 2017 Jaguar Land Rover roared to a record year in 2016 and it shows no sign of taking its foot off the pedal. The British car giant has reported its best ever February retail sales of 40,978 vehicles, up nine per cent on the same period last year. It was driven by strong demand in China [...]
Crossrail chairman Sir Terry Morgan takes over from Roy Griffins at London City Airport March 7, 2017 Crossrail's Sir Terry Morgan CBE is joining London City Airport as chairman. Today he takes over from Roy Griffins, who has held the post for over 10 years, as the airport gears up for construction on its £350m development programme, due to be completed by the end of 2021. It will enable the airport to welcome [...]
Over 400 flights have been cancelled as French air traffic control strike is set to cause a second day of chaos March 7, 2017 More than 400 flights have been cancelled across Europe due to the French air traffic control strikes that started yesterday, and the worst could be yet to come. In addition to the Brest and Bordeaux control centres which were on strike yesterday, the Marseille sector will now be involved in the action too. The five-day strike lasts [...]
Is the purchase of Vauxhall-Opel by Peugeot owner PSA Group good news for Britain? March 7, 2017 Christian Stadler, professor of strategic management at Warwick Business School, says Yes. As it stands, it looks very much like the PSA deal is good news for everybody involved. GM will get rid of subsidiaries that have lost money for 17 years. PSA will become number two in Europe and gain scale that is crucial [...]