Honda cuts operating profit outlook by 10 per cent due to strong yen and falling motorcycle sales November 8, 2019 Honda has cut its annual profit expectations by 10 per cent and said it would buy back $915m shares over the rest of the financial year. Japan’s third biggest car maker is now predicting an operating income of ¥690bn for the year ending March 2020. Read more: Crossrail will not open until 2021 and could [...]
Crossrail will not open until 2021 and could run £650m over budget, bosses admit November 8, 2019 Crossrail will not open until 2021 and will run up to £650m over budget, transport bosses admitted today. The long-awaited Elizabeth Line, which was originally due to open in December 2018, will not open until “as soon as practically possible in 2021”, Transport for London (TfL) said. Crossrail chief executive Mark Wild warned technical issues [...]
UK weather: ‘Danger to life’ flood warnings in place as river levels rise in northern England November 8, 2019 Severe weather warnings are in place across northern England signifying a “danger to life” as a result of rising river levels. Parts of northern England and the midlands had a month’s worth of rain fall in 24 hours on Thursday and overnight. There are five severe warnings in place along the River Don in Doncaster [...]
British Airways owner IAG cuts growth forecast November 8, 2019 British Airways’ owner International Consolidated Airlines Group (IAG) cut its growth forecast for the next few years due to an expected slump in passenger capacity growth. The company said average earnings per share growth would be 10 per cent in the three years from 2020 to 2022, compared to a previous estimate of 12 per [...]
Emirates profit soars as fuel price dip gives airline a boost November 7, 2019 Emirates airline saw profit nearly quadruple in the first half of the year, bouncing back from its lowest half-year results in a decade in 2018. The Dubai-based firm, which is owned by the state, cashed in on a decline in global fuel prices, but said global currency movements had an adverse impact. The state-owned airline [...]
Aston Martin is hoping next year’s James Bond movie will boost sales November 7, 2019 The chief executive of ailing luxury car manufacturer Aston Martin hopes next year’s James Bond movie will give the firm a financial boost. Shortly after announcing the company had fallen to a £13.5m loss in the third quarter of the year, Andy Palmer said the series usually gives Aston Martin a lift in China, a [...]
Revealed: These are London’s most overcrowded Tube lines November 7, 2019 London’s Tube lines are running at overcapacity during morning rush hour, new figures have revealed. Statistics from mayor of London Sadiq Khan show that morning peak hour capacity on the London Underground is more than 100 per cent, with the Northern, Central and Jubilee lines the most crowded. Read more: TfL adds more trains to [...]
CMA flags competition concerns on First Group’s West Coast Rail franchise November 7, 2019 The UK’s competition watchdog has sounded the alarm on 21 routes awarded under the new West Coast Rail franchise. The Competition and Markets Authority (CMA) has concerns on routes between Preston and Scotland after the government awarded the rail franchise to a joint venture between First Group and Trenitalia. Read more: Watchdog casts eye over [...]
TfL plans new Thames piers to cater for 20m passengers November 6, 2019 Plans to transform the Thames into a major commuter hub have taken a step forward with new passenger piers set to be built along the river. Transport for London (TfL) announced today it would build new public piers in a bid to increase the Thames’ capacity to cater for public transport journeys. Read more: Rory [...]
Business groups warn South Western Railway strikes will hurt Christmas trade November 6, 2019 Business groups have slammed the rail union’s planned December South Western Railway strikes, predicting they will cause major disruption to Christmas trade. Drivers and train guards from South Western Railway (SWR) are planning on walking off the job for 27 days in December. Read more: RMT union announces 27 days of South Western Railway strikes [...]