Ryanair has its own private jet – and it’s yours to rent for £5,000 an hour November 7, 2018 It isn't an airline passengers normally associated with luxury, but Ryanair has announced that its own private jet is back in service to dispel the winter blues. Ryanair's corporate Boeing 737-700 is back in action for the winter season and now available for group hire – for £5,000 an hour, on top of taxes fees and charges. The [...]
London’s unfinished Scalpel tower already half-let November 7, 2018 National Australia Bank and insurer Lombard International are the latest occupiers-to-be at the newest office tower on London's skyline, The Scalpel, at 52 Lime Street. Over half of the tower, which owes its unusual shape to protected views of St Paul's Cathedral, is now pre-let or under offer as the building nears completion. National Australia [...]
Royal Mail shakes up management after series of setbacks as senior executive departs November 7, 2018 One of Royal Mail's top executives has agreed to step down from her role as the postal service shakes up its senior management following a series of knocks to its share price. Sue Whalley, head of the UK post and parcels division, will depart in March next year, and has left the board with immediate [...]
Adidas hikes profit forecast but lowers sales target November 7, 2018 German sportswear giant Adidas elevated its profit estimates today after a jump in sales in the third quarter, but screwed down its sales forecast, blaming lower than expected growth in western Europe. Shares fell two per cent on the news, as Adidas said full year revenues were likely to increase by only eight to nine per cent, falling [...]
G4S shares slump 12 per cent after security firm signals flat profit November 7, 2018 Shares in G4S have tumbled more than 12 per cent after the security firm warned it would not achieve profit growth for the year. The London-listed company reported organic revenue growth of 2.5 per cent for the third quarter, below analyst expectations. The FTSE 250 company, which runs prisons and detention centres as well as [...]
The hyperloop train is leaving the station – and the UK must be on it November 7, 2018 Britain can reasonably claim to have invented the railway. Stephenson’s Rocket represented the pinnacle of British industrial-era innovation. The ability to move products and people by steam locomotion had a transformative effect on society. British ingenuity saw railways knit communities together across the country, and eventually the globe. And for the next couple of centuries, [...]
New Goldman Sachs boss: Accusations our employees broke the law in 1MDB are ‘horrible’ November 7, 2018 The chief executive of Goldman Sachs has said he feels “horrible” about accusations that the bank’s former employees broke the law when handling Malaysian state investment fund 1MDB. The scandal over 1Malaysia Development Berhard (1MDB) has already claimed the scalp of long-serving prime minister Najib Razak, who was rejected at the polls earlier this year. [...]
Budget airline Wizz Air downgrades profit guidance as higher fuel prices bite November 7, 2018 Budget carrier Wizz Air has downgraded its full-year profit guidance by 21 per cent due a surge in fuel bills of $80m (£70m). The figures Wizz Air's previous profit guidance was in the region of €310m-€340m but the airline now expects to make between €270m-€300m. In the six months to 30 September, Wizz Air carried 18.8m passengers, up 20 per [...]
The EU’s highest court sets date to decide whether the UK can reverse Brexit November 7, 2018 The EU’s highest court has set a date to decide whether or not Britain can reverse its Brexit decision. The European Court of Justice (ECJ) will review if it is possible for Britain to withdraw its decision to leave the EU in March 2019 on 27 November, according to Reuters. There is no indication of when [...]
The sky’s the limit: Solving the housing crisis involves unlocking the UK’s air rights November 7, 2018 The biggest and brightest cities in the world are known for their skylines, where towers and skyscrapers made of glass and steel jostle with one another, vying for our attention. Skyscrapers are the hallmark of bustling and healthy cities – a sign that a lot of people want to live and work within a few square [...]