Rolls-Royce shares drop as production problems cause delay in Airbus engine delivery October 26, 2018 Rolls-Royce's shares slumped today after it emerged the company has hit production challenges with the Trent 7000 engines designed for Airbus's newest jet. Only 10 of the engines will be delivered to Airbus this month, 20 short of what was promised for the new A330neo jet by the end of October, it was reported. The [...]
Asda considers up to 2,500 job cuts as CMA probes Sainsbury’s merger October 26, 2018 Asda has said that it will begin consultations with staff over changes that could lead to a reported loss of up to 2,500 jobs next year. The news, first reported by the Press Association, comes as the Competition and Markets Authority (CMA) conducts a second stage investigation into the proposed takeover of the supermarket by [...]
TfL criticised after thousands of passengers faint on busy Tube lines October 26, 2018 Transport for London (TfL) came under criticism today as data reveals that more than 3,500 people have fainted or felt faint on the Tube network since 2016. The highest number of incidents occurred during the morning rush hour between 8am and 9am, with 825 reported incidents. Kings Cross St. Pancras, London’s busiest Tube station, reported the [...]
‘French Spiderman’ who climbed London’s Heron Tower handed suspended prison sentence and £5,500 fine October 26, 2018 The man dubbed the "French Spiderman" has been ordered to pay £5,500 in compensation and given a 20-week prison sentence, suspended for two years, after he climbed the Heron Tower in central London yesterday. Alain Robert, 56, was arrested for a 'public nuisance offence' on Thursday afternoon after pulling off the stunt in which he climbed [...]
Sadiq Khan urged to ‘get a grip’ on London transport as government bails out Crossrail with £350m loan October 26, 2018 London mayor Sadiq Khan has been urged to “get a grip” of transport in the city after the government bailed out the delayed Crossrail project with a £350m loan today. Transport for London (TfL) said the money was needed to continue construction work on the delayed Elizabeth Line. In July, rail minister Jo Johnson announced [...]
Lloyds Banking Group could face £150m pensions hit after court ruling October 26, 2018 Lloyds Banking Group could have to pay out up to £150m after the High Court ruled today that it should equalise payments for male and female members of its pension scheme. Three female members of the pension scheme had complained they were being discriminated against as their pensions increased at a lower rate than that [...]
SFO loses bid to reinstate charges against Barclays over 2008 Qatar deal October 26, 2018 The Serious Fraud Office (SFO) lost its bid today to reinstate charges against Barclays over a Qatar loan it made at the height of the financial crisis. The High Court today ruled against the SFO's appeal of an earlier court ruling in favour of the bank. Barclays will now face no regulatory sanctions over the 2008 [...]
Suspect arrested after pipe bombs addressed to Democratic senator and former intelligence chief intercepted October 26, 2018 A suspect has been arrested in connection with the pipe bomb campaign against prominent critics of US President Donald Trump. Federal authorities arrested a man in Florida, US officials say. The arrest comes hours after two further home made bombs addressed to former US intelligence head James Clapper and Democratic senator Cory Booker were intercepted [...]
CEO quits Allied Irish Bank as concerns are raised about Ireland’s banker salary cap October 26, 2018 The chief executive of Irish state-owned bank Allied Irish Bank (AIB), Bernard Byrne, will step down as chief executive in 2019 amid industry concerns about a salary cap on bankers. News of Byrne's departure comes only weeks after chief financial officer Mark Bourke said that he would be leaving the company early next year. It is [...]
Ryanair says it apologised to passenger who was victim of racism October 26, 2018 Budget airline Ryanair has issued a statement today saying it apologised to the victim of racist abuse on one of its flights. Video footage emerged of passenger Delsie Gayle being called an “ugly black b******” by fellow passenger David Mesher on a flight to Barcelona last Friday. In its statement Ryanair said it only became aware [...]