Eddie Stobart prepares for crucial vote on future over £55m Dbay bid December 6, 2019 Struggling trucking firm Eddie Stobart is facing a key shareholder vote on its future today as it struggles with bank debts of £200m. Shareholders are set to vote on whether to accept a £55m high-interest loan from former owner Dbay, which would take 51 per cent of the company in exchange. The company has warned [...]
Former Ofcom boss to advise on Heathrow terminal monopoly probe December 5, 2019 A firm set up by the former boss of Ofcom has been appointed to advise the aviation regulator on whether Heathrow’s terminals could be operated by third-parties. The Civil Aviation Authority has selected Flint Global, which was set up by former Ofcom chief executive Ed Richards, to look into the possibility of allowing other companies [...]
Uber pushes back against Khan criticisms December 5, 2019 Sadiq Khan has lashed out at Uber by criticising the firm’s response to its London ban, while also shaming the app for allowing a driver to operate after it was found he possessed “obscene photos of a child”. Transport for London (TfL) refused to renew Uber’s licence last month due to a “pattern of failures” [...]
Transport to Europe crippled as French national strikes take hold December 5, 2019 Travellers trying to get the Eurostar to the continent have been thwarted today, after 78 trains linking London to Paris, Belgium and the Netherlands were cancelled amid ongoing strikes in France. Most affected routes are for trains from St Pancras to Paris, with the cancellations taking place between 5-8 December. Read more: Eurostar warns customers [...]
TfL: Crime on London public transport soars December 5, 2019 Crime on London’s public transport network has surged by 30 per cent in the past year. Transport for London (TfL) today released statistics for the first quarter of 2019-20, revealing the increase in crime on its services was three-times as large as the increase for the capital as a whole. Read more: London Night Tube [...]
South African Airways placed into bankruptcy protection to avoid ‘uncontrolled implosion’ December 5, 2019 South Africa’s state-owned airline has been placed into bankruptcy protection, as the nation tries to stop it falling into liquidation. South African Airways (SAA), which has suffered from years of state corruption, has entered the workout process, an alternative to bankruptcy. Read more: South African Airways: State-owned carrier in limbo It is the first time [...]
Aston Martin shares jump as billionaire Lawrence Stroll ‘prepares to make offer’ December 5, 2019 Aston Martin shares have been given a much-needed boost this morning, after reports surfaced that billionaire Lawrence Stroll is gearing up to buy a major stake in the struggling car maker. Stroll, the father of Formula 1 driver Lance and owner of the Racing Point F1 team, is said to be seeking to head a [...]
TfL updates Tube map to include Crossrail stations for the first time December 5, 2019 Transport for London (TfL) has released a new Tube map for December that features several new Crossrail stations all the way out to Reading. The new map is the first to feature a section of the Elizabeth Line, which goes to Reading through Maidenhead, Slough, Langley, Burnham and Twyford. Crossrail – called TfL Rail on [...]
Electric cars take record UK market share as battery-powered vehicle sales surge 228 per cent December 5, 2019 Britain’s drivers bought more electric vehicles last month than ever before, as demand for fully electric battery cars surged more than three-fold. In November, pure electric battery car sales rose 228 per cent compared to the same period last year, with 4,652 of the vehicles registered. Read more: Electric dreams: How long until electric cars [...]
Tube delays hit four lines in rush hour misery December 5, 2019 Severe Tube delays have hit four lines to leave commuters facing a morning of rush hour chaos today. Passengers on the Circle Line, District Line, Hammersmith & City Line and Metropolitan Line all face a disrupted journey to work due to the delays. Read more: Eight arrests made after Extinction Rebellion targets Tube Faulty trains [...]