UK airline stocks plunge as Italy reports fourth coronavirus death February 24, 2020 UK airline stocks plummeted in early trading today as the FTSE 100 plunged two per cent after Italy reported a dramatic rise in its number of coronavirus cases. Easyjet’s share price sank 11.6 per cent while British Airways owner IAG suffered an eight per cent drop in its market cap. Tour operator Tui also shed [...]
Government appoints advisers to oversee outsourcers amid fear of Carillion-style collapse February 23, 2020 The government has reportedly appointed advisers to monitor the health of important outsourcers such as engineering company Kier. The Sunday Telegraph reported that the Cabinet Office has hired accountancy firm Deloitte to assist in assessing the finances of key contractors. The move follows the collapse of outsourcer Carillion in 2018. The Cabinet Office, which employs [...]
Deutsche Bahn delays plans for Arriva flotation February 21, 2020 Deutsche Bahn is set to delay its plans to float its international transport business Arriva on the stock market. The German state-owned rail operator had planned to hold an initial public offering for Arriva in the first half of this year. However, that will no longer happen, sources told Reuters following a supervisory board meeting [...]
Chinese passenger car sales fall 92 per cent in February February 21, 2020 Chinese sales of passenger cars collapsed 92 per cent on an annual basis in the first 16 days of February as the coronavirus outbreak halted business output across the country. According to China Passenger Car Association (CPCA), only 4,909 vehicles were sold in the period, down from 59,930 in the same period a year earlier. [...]
We’ve got the power: Decarbonising our transport on the road to a greener nation February 21, 2020 The government will soon publish its strategy on cutting emissions from cars, trains, boats and planes — and already the transport secretary has suggested that sales of combustion and hybrid vehicles could be banned from 2035. Change comes with questions. For example: how clean is our electricity? And can Britain’s energy infrastructure meet the demand [...]
London drivers pay £70m in Ulez charges February 20, 2020 London’s drivers have been hit by £70.4m in charges and fines in the eight months since the Ultra-Low Emissions Zone (Ulez) charge was introduced in the capital. The data, which was obtained through a FOI request from car insurance provider By Miles, has revealed that drivers have paid out £48.9m in charges and £21.5m in [...]
London St Pancras tops list of Europe’s best train stations February 20, 2020 Europe’s best train station for passengers has been revealed, with London St Pancras taking the top spot. A new survey from the Consumer Choice Centre has ranked Europe’s fifty largest train stations by a series of metrics including accessibility, cleanliness, number of platforms, hospitality and number of strike days, to give a composite score out [...]
Northern Line: Battersea Power Station Tube signs unveiled February 20, 2020 Completion of the Northern Line extension took another step forward today, with the unveiling of roundels for the new Battersea Power Station. Transport for London (TfL) today released the first images of the new Tube station signs, which will adorn the new Tube station when it opens in autumn 2021. The new Tube station will [...]
London Bridge: Commuters face seven-month closure February 20, 2020 London Bridge will be closed to all road traffic except buses, taxis and cyclists for seven months during repair works. The City of London Corporation announced today that the bridge will be closed from 16 March to October for the “vital works”. Pedestrians will still be allowed to cross the bridge, however the local authority [...]
TfL ‘service performance’ complaints skyrocket in new figures February 20, 2020 Commuter complaints to Transport for London (TfL) skyrocketed in 2019, with complaints about service performance increasing by 62 per cent in just two years. TfL logged 110, 072 complaints from travellers in 2018-19, which was 19 per cent higher than two years earlier. More than 25,000 of these were around issues of “service performance” – [...]