Thames Water hires advisers on £12bn debt ahead of crucial Ofwat ruling December 14, 2019 Thames Water has hired restructuring experts from Gleacher Shacklock ahead of a crucial ruling from industry watchdog Ofwat. The UK’s biggest water supplier has called in the experts to advice on its £12bn pile of debt amid concern about the impact of a regulatory crackdown on its finances, according to Sky News. Read more: Thames [...]
Negotiating a better broadband deal ‘could save £120 per year’ December 14, 2019 Consumers could save around £120 a year on broadband by negotiating with their internet suppliers, but around 45 per cent do not ask for a better deal, according to research from Which. Around 78 per cent of the more than 5,000 people surveyed revealed they had been offered an incentive, discount or better deal, by [...]
Rail passengers urged to check train times as new timetable comes into effect December 14, 2019 Rail passengers have been warned to check new train timetables before travelling with a winter version set to come into effect from tomorrow. The new timetable is aimed at trying to cut journey times and increase the number of services. It will see an additional 1,000 extra weekly services on top of 4,000 that have [...]
Uber launches appeal over TfL London ban December 13, 2019 Uber has today submitted an appeal against Transport for London’s (TfL) decision to ban the ride-hailing app from operating in the capital. TfL last month stripped Uber of its licence, stating that a “pattern of failures” left passengers at risk. Read more: Uber says it received 6,000 reports of sexual assault over two-year period The [...]
Air Partner buys security group Redline in £10m deal December 12, 2019 Aviation services company Air Partner has bought airport security group Redline, in a £10m deal. Redline trains security and border control staff at international airports, as well as for critical national infrastructure and events at sports stadiums. The company is headquartered at the National Security Training Centre at Doncaster Sheffield Airport and employs approximately 100 [...]
London City Airport cops flak for RAF base flights December 12, 2019 A commercial airport service run partly by London City Airport out of an RAF base is attracting complaints from local residents. VIP London Airport runs out of RAF Northolt in Ruislip, west London, offering “discreet and secure departure and entry into the UK”. Read more: Extinction Rebellion disrupt London City Airport flights The MoD allows [...]
Rail fail: South Western services still hampered despite temporary election halt to RMT strike December 12, 2019 Commuters were left angry this morning as South Western Railway services remained on partial timetables, despite rail strikes being temporarily called off for election day. The 27-day rail strike called by the Rail, Maritime and Transport Workers (RMT) Union has caused chaos for the first 11 days of December, but industrial action was due to [...]
Costain shares plunge after Welsh arbitration leaves it £20m out of pocket December 12, 2019 Costain shares plummeted 16 per cent today after it warned profit will be about £20m lower than expected after an arbitration case over a Welsh motorway project. The announcement follows a ruling that found the firm shared responsibility for design information on the A465 road project with the Welsh government, a partial reversal of a [...]
London Southend Airport set for ‘travel chaos’ over Christmas December 11, 2019 London Southend Airport could be severely disrupted the Christmas period after workers voted to strike today. Members of GMB voted to strike in retaliation for the airport’s owner – Stobart Aviation – refusing to recognise the union for the purpose of collective bargaining. Read more: Number of UK strikes up by 45 per cent in [...]
AA shares leap as firm plans bond buyback December 11, 2019 Shares in motoring association the AA jumped 15 per cent today after the company announced a possible share buyback after a positive first half. The company, which provides insurance, driving lessons and breakdown cover also said it intends to pursue a range of debt tenders, redemptions and issuances over the coming months. Read more: Supercuts [...]