Serco shares plummet. But it’s all part of a long and winding road to recovery, says its boss February 22, 2017 Serco's share price plummeted over 18 per cent after the FTSE 250 firm posted a 14 per cent fall in profits for the year to December. But analysts warned investors in the supply services giant would likely take flight owing to a cut to forecast earnings in 2018 and an increased tax bill. The figures Total revenue fell [...]
Here’s why analysts think Britain could soon stop making the Vauxhall Astra altogether February 22, 2017 Despite PSA pledging to respect existing Opel and Vauxhall job guarantees if it buys the European branch of General Motors, analysts still think jobs are at risk. And investment bank Evercore thinks Britain could soon cease to manufacture the Vauxhall Astra altogether. In terms of making a combined business work, Evercore said: "It's about hard restructuring [...]
These five major airlines have been told to pay flight delay compensation as thousands of passengers look to have missed out February 22, 2017 Five airlines have been told they must cough up compensation to thousands of passengers for delays. American, Emirates, Etihad, Singapore and Turkish Airlines have been told they have to obey European laws as the Civil Aviation Authority (CAA) estimated over 200,000 passengers each year could be entitled to compensation. It has launched enforcement action against them today [...]
The only direct flight between London Heathrow and Barbados will take off this year February 22, 2017 Virgin Atlantic has announced it will launch the only direct flight between London Heathrow and Barbados later this year. The twice weekly service, operating on Tuesdays and Saturdays, will start from 12 December 2017 to tempt those eyeing up Christmas in the Caribbean. Flights go on sale from this Saturday 25 February. The airline's codeshare with [...]
Sadiq Khan is on track to have “the worst strikes record” of any London mayor, say GLA Conservatives February 22, 2017 The mayor is on track for the "worst strikes record of any mayor", Greater London Authority Conservatives said today. In the latest clash between Conservative London Assembly members and Sadiq Khan, Keith Prince, the deputy chair of the Assembly's Transport Committee, said today's walkout on the Central and Waterloo & City Lines will by the fourth strike in [...]
City chaos on the cards: Here’s what you need to know about today’s Tube strike February 22, 2017 Yes, City workers, it is time to brace yourselves, after the RMT union announced a fresh walkout which will cause heavy travel disruption in the capital throughout today. Here's what you need to know about the action… Read more: Every route from Waterloo station to Bank, ranked When will the strike take place? Drivers walked out [...]
These are the best Tube strike tweets from miserable commuters (and some rather smug ones) February 22, 2017 Ah, another day, another Tube strike. Not nearly on the level of the mass January walkout which caused most of Zone 1 stations to shut down, but try telling that to the commuters who'd usually get the Central or Waterloo & City Lines into work… Of course, with the strike comes a raft of angry and [...]
Charles Woodburn has been confirmed as BAE Systems’ new chief executive February 22, 2017 Charles Woodburn will replace Ian King as chief executive of BAE Systems, the company has confirmed in a statement. Currently BAE's chief operating officer, Woodburn will replace the retiring King effective 1 July. Woodburn joined the firm in May 2016 with 20 years of international experience in senior management positions in the oil and gas industry. His appointment to [...]
A new Night Tube map will help Londoners find their nearest late night McDonald’s February 22, 2017 The Night Tube has already proved more popular than expected and businesses have been reaping the rewards. And now a new app has been launched to help out Night Tube goers looking for a midnight snack. Or more specifically, a midnight Maccy D's. Read more: Chew on this: McDonald's quarterly earnings beat analyst expectations The Central [...]
Airbus beats forecasts despite facing turbulent times with a fresh charge to its military aircraft programme February 22, 2017 European aerospace group Airbus beat analyst expectations despite revealing its earnings took a huge hit thanks to its embattled A400M military aircraft programme. The figures France-based Airbus booked a fresh €1.2bn (£1bn) charge on its A400M programme, bringing the total for last year to €2.2bn – and the total since the project was launched more than a decade ago now sits [...]