Forget glitzy vanity projects like HS2, here’s what we could do instead August 28, 2019 Until recently, Crossrail was cited as an example of that miraculous phenomenon: a government infrastructure project running on time and on budget. We now know that Crossrail has run off track; it is £3bn over its 2010 budget, and will open more than two years late. The much maligned HS2 project came with none of [...]
Consumer group warns shoppers could be ripped off by supermarket deals August 28, 2019 Shoppers are at risk of being ripped off, a consumer watchdog has warned, after an investigation uncovered misleading discounts and special offers at major UK supermarkets. The probe revealed that some supermarkets offer multi-buy deals that cost more, discounts that refer to a price that is not the most recent and offers in which items [...]
Deutsche Boerse offices raided in German tax probe August 27, 2019 Deutsche Boerse, the operator for Frankfurt’s stock exchange, has been searched as part of an investigation into a German tax fraud scandal. Public prosecutors have combed through the premises of Deutsche Boerse’s subsidiary Clearstream over a share-trading fraud case in which the German government was allegedly tricked into paying billions of euros in tax rebates. [...]
Munich airport reopens terminals following security breach August 27, 2019 Terminals 1 and 2 at Munich airport have reopened after four hours following a security breach earlier this morning. Approximately 130 flights were cancelled after federal police ordered the cessation of passenger handling in Terminal 2 and in two areas of Terminal 1 after a passenger opened an emergency exit door to Terminal 2 this [...]
Regulator raps British Airways over flight cancellation confusion August 27, 2019 British Airways has been rebuked by the UK’s aviation regulator for telling customers that they will be unable to travel on strike days early next month. BA pilots who are members of the British Airline Pilots’ Association (Balpa) are set to strike on 9, 10 and 27 September in a row over pay and working [...]
Creditors of Gulf Marine Services look at hiring adviser as part of debt negotiations August 27, 2019 Lenders to London-listed group Gulf Marine Services (GMS) are reportedly nearing the appointment of an adviser to boost their efforts in renegotiation talks over the firm’s current debt terms. Abu Dhabi Islamic Bank, HSBC, and Abu Dhabi Commercial Bank are among the creditors looking at picking an adviser, according to Reuters, which reported that two [...]
Mike Ashley faces shareholder rebellion at Sports Direct AGM August 27, 2019 Mike Ashley could face a shareholder revolt at Sports Direct’s annual general meeting next month after two proxy advisors recommended investors vote to oust him from the board. Pensions and Investment Research Consultants (Pirc) and Glass Lewis have both urged shareholders to oppose the re-election of Ashley, the firm’s chief executive and founder, at a [...]
China says it is ‘resolutely opposed’ to G7 Hong Kong statement August 27, 2019 China’s foreign ministry has said that Beijing is “resolutely opposed” to a statement issued from the G7 summit that referred to the ongoing political protests in Hong Kong. The statement, issued by France at the end of the summit, said the G7 group of countries “reaffirms the existence and importance of the Sino-British Joint Declaration [...]
South Western Railway to be hit by four days of strikes August 27, 2019 South Western Railway (SWR) is to be hit by four days of strike action from this Friday in the ongoing row over guard safety. Guards and drivers who are members of the RMT rail union have been told not to go to work from one minute past midnight on Friday 30 August to one minute [...]