RMT union announces 27 days of South Western Railway strikes in December November 5, 2019 Train staff on a major London rail network are preparing to down tools for 27 days throughout December, amid a long-running dispute that threatens to wreck commuters’ Christmas holidays. The Rail and Maritime Transport (RMT) union accused rail operator South Western Railway (SWR) of failing to give assurances that train guards will be kept on under a [...]
Rory Stewart signals potential fare rise as he slams TfL losses under Sadiq Khan November 5, 2019 Rory Stewart has hinted he would likely increase public transport fares if elected mayor and has claimed London is “stuck in 2008”. The independent mayoral candidate, and former Conservative cabinet minister, told City A.M. it “cannot make sense to be running a system that’s losing this much money every year”. Read more: Rory Stewart: The [...]
Boeing’s chief executive offered to forego his bonuses over the 737 Max crisis November 5, 2019 Boeing chief executive Dennis Muilenburg has offered to forego all bonuses for 2019 as the firm scrambles to deal with the fallout from two deadly crashes of its 737 Max jet. The embattled boss, who has been stripped of his dual role of chief executive and chairman of the aerospace giant in recent weeks, faced [...]
TfL mines passenger phone data to improve Tube journey estimates November 5, 2019 Tracking passengers’ phone usage on the Tube has allowed Transport for London (TfL) to improve its travel time estimates. TfL has analysed 2.7bn pieces of anonymised data since June, which has been gained through tracking people’s usage of Wi-Fi networks at stations across the capital. Read more: TfL is investigating illegal London minicab drivers This [...]
London Underground has the city’s highest level of air pollution November 5, 2019 The London Underground is the most polluted place in the city with air quality 10-times worse higher than recommended by health guidelines in some parts. An investigation has revealed that levels of PM 2.5 – particulate matter that can penetrate deep into the lungs and cause heart and lung disease – has been recorded at [...]
IPO costs knock Trainline into loss despite jump in ticket sales November 5, 2019 Trainline fell to a post-tax loss of £89m following its June IPO despite a 20 per cent boost to net ticket sales in its half-year results, it said today. Read more: Trainline increases revenue expectations as sales soar The figures Trainline recorded an £89m loss after tax in the six months to the end of [...]
Uber hopes to turn a profit in 2021, as ride hailing firm makes heavy third quarter loss November 4, 2019 Ride hailing giant Uber hopes to be profitable by 2021, its chief executive has said, as the company booked a more than $1bn loss in its third quarter earnings. Uber beat Wall Street estimates for revenue over the period, as the number of people using its ride-hailing and food delivery service increased. However, it still [...]
Ferrari’s prancing horse gallops on as luxury car maker raises outlook November 4, 2019 Luxury car maker Ferrari raised its outlook on Monday, after strong sales of its Portofino and 812 Superfast models drove “solid” results for the third quarter. The company nicknamed the Prancing Horse said a new brand strategy would help it navigate to even more growth, as its Milan-listed shares hit an all-time high today of [...]
TfL is investigating thousands of potentially illegal minicab drivers November 4, 2019 Transport for London is investigating almost 2,000 London minicab drivers that may have illegally gained their driving qualifications. Minicab drivers must complete several requirements – passing topographical tests, medical checks and criminal record checks – with TfL before gaining a private hire vehicle licence. Read more: TfL cracks down on illegal minicabs and taxis However, [...]
Ryanair will ask for IAG divestments in €1bn Air Europa deal November 4, 2019 Ryanair boss Michael O’Leary is ready to ask competition regulators to intervene in British Airways owner IAG’s purchase of Air Europa, he said today. IAG is primed to buy the Spanish airline for €1bn (£860m) but O’Leary said he will ask the Competition and Markets Authority (CMA) to force the firm to make divestments to [...]