SSE named best in class among big six, but challenger Breeze takes top spot September 25, 2019 SSE has the best customer service of the big six energy suppliers, it was revealed today, as smaller challengers dominated the top five. Citizens Advice rated SSE, which was recently bought out by Ovo, as the second-best for customer service in Britain, one step below first-place Breeze. Read more: SSE sells energy services business to [...]
Thomas Cook collapse: Regulators and business groups clamour for answers September 24, 2019 Regulators and business groups today lined up to demand answers over the collapse of holiday giant Thomas Cook. Accounting watchdog the Financial Reporting Council said it is mulling a full-scale probe into whether it breached accounting standards. A spokesman said it is considering the case “as a matter of urgency”. Read more: Thomas Cook collapse [...]
Electric-powered regional flights ‘could be taking off by 2030’ September 24, 2019 The next decade will yield the launch of electric flying taxis and electric planes entering the market in both regional flights and private aviation, according to research. A paper by Citigroup researchers predicts electric technology will begin disrupting the so-called general aviation market, which includes flights carrying between two and 14 passengers, by 2022. Meanwhile, [...]
Labour plots further £5bn investment in electric car industry September 24, 2019 Labour has pledged to spend £2bn on the construction of three electric car battery factories in parts of the country which have lost thousands of car industry jobs in the last year. The plan would see a Labour government plough the money into so-called gigafactories in south Wales, Stoke and Swindon, with each site employing [...]
TUI claims resilience following Thomas Cook collapse September 24, 2019 European travel group TUI has said that it had been assessing the impact of the collapse of rival Thomas Cook on its own operations. Responding to the collapse, the travel group stated that: “Where TUI customers are booked on Thomas Cook Airlines flights and these are no longer operated, replacement flights will be offered.” TUI [...]
Airlines accused of price gouging after Thomas Cook collapse September 24, 2019 Airlines have been accused of exploiting the demise of rival Thomas Cook after passengers complained of a huge increase in prices. Holidaymakers looking to book future trips have complained of a surge in fares on the same routes served by the collapsed travel firm. Read more: Thomas Cook: Former workers will not receive pay packets [...]
Thomas Cook: CBI backs probe into executive pay after collapse September 24, 2019 Influential business lobby group the CBI has thrown its weight behind a full-scale inquiry into executive pay at collapsed holiday giant Thomas Cook. Nearly 15,000 people returned to Britain yesterday on specially-chartered flights after the firm collapsed under the weight of a £1.7bn debt pile. More than 100,000 people are still awaiting repatriation by the [...]
Thomas Cook: Former workers ‘will not receive pay packets as usual’ on Monday September 24, 2019 Thomas Cook staff have been told they will not receive their wages as usual on Monday, according to union sources, after the travel giant went bust yesterday. The 178-year-old firm collapsed under the weight of a £1.7bn debt pile early yesterday morning, after weeks of frenzied attempts to negotiate a rescue deal with its lenders. [...]
Mercedes-Benz owner Daimler fined €870m for diesel emissions scandal September 24, 2019 German car manufacturer Daimler has been handed an €870m (£767m) fine for its role in the diesel emissions scandal. Prosecutors in Stuttgart ruled that the Mercedes-Benz owner had committed a “negligent violation of supervisory duties” by failing to meet regulatory requirements for some of its diesel vehicles since 2008. Read more: Volkswagen chief executive faces [...]
Labour will nationalise new offshore wind September 24, 2019 Labour today revealed plans to take a majority stake in all new offshore wind farms and pledged a boom in renewable power. The party said it would invest £6.2bn into jump starting home-grown renewable industry. It hopes to unlock a £83bn investment. Read more: The answer is blowing in the wind: Experts hail cheapest ever [...]