Carlos Ghosn warns the future of Nissan is ‘in doubt’ January 10, 2020 The former boss of Nissan, Carlos Ghosn, has said the future of the Japanese company is in doubt. Ousted chief Ghosn said the car firm’s struggling results and drop in share price were a concern, days after accusing Nissan executives and the Japanese government of plotting against him. He also said that if Brexit affected [...]
Crossrail boss: Elizabeth Line could open in central London by summer 2021 January 10, 2020 Crossrail’s London stretch could open in “summer 2021” if a more optimistic prediction from the company proves to be accurate. Crossrail Ltd is working to launch the Elizabeth Line “as soon as practically possible” in 2021, it said today as it confirmed it plans to open the central section between Paddington and Abbey Wood in [...]
More than 5m passengers traveled through London City Airport in 2019 January 10, 2020 In 2019, London City Airport saw more than 5m passengers travel through for the first time in its history. A record total of 5,100,025 passengers meant growth for the year was up 6.3 per cent on 2018. Read more: London City Airport given carbon neutral accreditation The most popular route remains between London and Amsterdam, [...]
Ryanair’s €1bn profit upgrade lifts rival airlines’ shares January 10, 2020 Ryanair profit upgrade today on better-than-expected Christmas traffic has lifted competitors’ shares on the FTSE as well as its own. Ryanair’s stock rose 6.6 per cent to €16.23 as it raised full-year profit guidance to beyond €1bn (£850m) after saying Christmas and New Year bookings were “stronger than expected”. Read more: Ryanair’s ‘abusive’ hand luggage [...]
Ministry of Defence nuclear infrastructure projects set for delays of up to six years January 10, 2020 Three infrastructure projects which are together critical to the UK’s nuclear deterrent are set for delays of up to six years due to the Ministry of Defence’s (MoD) “poor management.” According to a new report from the National Audit Office (NAO), the projects will be delivered between 1.7 and 6.3 years late, at an additional [...]
Hitachi Rail to slash 250 jobs at County Durham factory January 9, 2020 Hitachi Rail has announced that it will cut 250 jobs from its train factory in County Durham. The Newton Aycliffe plant, which opened in 2015, will make almost a quarter of its staff redundant following a 45-day consultation process with employees. Read more: Hitachi closes in on £200m West Coast franchise deal The Japanese conglomerate [...]
Airbus “committed” to UK after no-deal fears assuaged January 9, 2020 Airbus’ chief executive has said that the aerospace company is still “committed” to the UK, in a turnaround from previous comments on Brexit. Speaking at the company’s New Year’s reception last night, Guillaume Faury said that he saw “great potential to improve and expand our operations in the UK this year.” Read more: Airbus announces [...]
Willie Walsh to step down as chief executive of British Airways owner IAG January 9, 2020 Willie Walsh, the outspoken CEO of British Airways’ owner International Airlines Group (IAG), is to step down, in a move likely to elicit a sigh of relief among politicians, union bosses and rival airline chiefs alike. IAG said this morning that Walsh, 58, would quit as chief executive in March, and officially retire on 30 [...]
Northern Rail franchise on course for financial collapse in ‘a number of months’ January 9, 2020 The crisis-stricken Northern Rail franchise is on course for a full-scale financial collapse within months, according to transport secretary Grant Shapps. In a statement citing the franchise’s most recent financial information, Shapps said the franchise could only continue to run for “a number of months” before the government stepped in. Read more: Arriva-run Northern Rail [...]
Nissan executives and Japanese officials hit back at Carlos Ghosn January 9, 2020 Former chief executive of Nissan and successor to Carlos Ghosn, Hiroto Saikawa, has slammed his former mentor’s daring escape from the authorities in Tokyo to his childhood home of Lebanon. Ghosn fled the country late last month while awaiting trial for four charges of financial misconduct. Read more: Carlos Ghosn lambasts Japanese government and Nissan [...]