Game of drones: The founder of SenSat on solving construction problems by simulating reality July 22, 2019 “The internet connects all human knowledge, and for the first time in history, we can connect that human knowledge to the actual world we live in through our computers.” It’s at this point during my conversation with James Dean, the cooly-named co-founder of SenSat, that I start to grasp how ground-breaking his technology really is. [...]
Rail passengers ‘missing out’ on £100m in compensation every year July 22, 2019 Rail passengers are missing out on up to £100m a year in compensation, a transport watchdog has found, as it called on consumers to claim whenever they can to send a message to train operators to improve. Transport Focus is today launching a campaign aimed at encouraging passengers to claim for any delays or cancellations. [...]
Fewer firms are going bust despite high profile collapses July 22, 2019 Fewer companies went bust in England and Wales in the second quarter than in the first three months of 2019, according to professional services firm KPMG, despite a handful of high profile business collapses. Read more: Jamie’s Italian to slim down with restaurant closures The number of firms going into administration fell by 14 per [...]
Business groups warn of delays for troubled HS2 July 21, 2019 Business groups have said they remain broadly supportive of HS2 despite the admission from its chairman that the costs of the project could spiral by as much as £30bn. Over the weekend it emerged that Allan Cook had written to Bernadette Kelly, permanent secretary at the Department for Transport (DfT), to warn that the [...]
Cabinet ministers issue no-deal warning as Boris Johnson prepares to take the helm July 21, 2019 Senior Cabinet ministers have warned Boris Johnson that they will attempt to inflict maximum damage to his government if he pursues a no-deal Brexit upon reaching Downing Street. Chancellor Philip Hammond confirmed today that he would quit the Treasury before he was sacked by Johnson, who is expected to be crowned Britain’s next Prime Minister [...]
Lufthansa resumes Cairo flights but BA suspension to continue for six days July 21, 2019 German airline Lufthansa has resumed flights to Cairo after temporarily suspending them, along with British Airways, over safety concerns. British Airways cancelled all flights to the Egyptian capital from Heathrow on Saturday over security fears and has said the suspension will remain in place for a further six days. Read more: British Airways set for [...]
Set sail for the 1700s: Why the shipping industry is returning to technology from the history books July 21, 2019 As countries and companies try to curb their climate impact, many are turning to space-age solutions. But the shipping industry is poring through the history books for inspiration. Sails are making a comeback as companies bid to drive down emissions and cut down on costs. But modern sails look very different from their ancestors. Read [...]
Government launches review into Britain’s financial rules ahead of Brexit July 19, 2019 The City’s financial rules are set to be reviewed by the government ahead of Britain’s departure from the EU. While there are no plans to change the format of the current financial watchdogs, the government has launched a review into how regulation within the financial sector could be changed post-Brexit. Read more: Jeremy Hunt misses [...]
Blackrock profit drop misses expectations July 19, 2019 Blackrock disappointed Wall Street expectations this afternoon after posting a worse-than-expected fall in quarterly profits. The world’s largest asset manager reported net income of $6.41 per share, or $1bn (£800m), falling from $6.62 per share in the same quarter last year and missing Refinitiv estimates of $6.50 per share. Read more: Outgoing RBS boss Ross [...]
CMA warns train passengers face higher prices if Abellio takes on East Midlands franchise July 19, 2019 The UK’s competition watchdog raised concerns today about higher ticket fares on two routes it is probing as part of an investigation into Abellio’s acquisition of the East Midlands franchise. Abellio’s ownership of Greater Anglia means it would operate a monopoly on the Norwich to Ely and Thetford to Ely routes as it would then [...]