Grant Shapps says rail firms should be rewarded for running trains on time September 19, 2019 Transport secretary Grant Shapps has suggested rail firms should be given financial rewards for running trains on time, admitting that they still get paid when services are late. Shapps said rail firms currently operate in a “dysfunctional and flawed” system where “they can not run trains on time and still get paid”. Read more: A [...]
A third of trains were delayed over past year September 19, 2019 Over a third of trains failed to arrive at stations on time over the past year, according to figures that use a more accurate measure of punctuality. New statistics released by the rail regulator, the Office of Rail and Road (ORR), show that 64.7 per cent of stations were arrived at one time in the [...]
Ryanair suffers shareholder revolt over pay report September 19, 2019 Ryanair is in the grip of an investor revolt after half of shareholders voted against a bonus scheme for boss Michael O’Leary that could see him earn £88.56m over five years. Just over 50 per cent of the airline’s shareholders voted for Ryanair’s remuneration report, in which Ryanair was seeking approval for a new long-term [...]
Kier Group turnaround ‘heading in right direction’ despite crashing to £245m loss September 19, 2019 Kier Group’s stock recovered to finish up 1.1 per cent today as shareholders appeared cautiously optimistic about its pricey turnaround plan. The struggling outsourcer staggered to a £245m loss in its latest full year, but trimmed its net debt by more than 10 per cent to £167m. Read more: Kier suspends dividend and unveils plan [...]
World will have twice as many planes in the skies in 20 years, says Airbus September 18, 2019 The world will have twice as many passenger jets in 2038 as are currently in the skies, Airbus forecast today, as the plane maker raised concerns over a potentially damaging tariff war between the EU and the US. The European plane maker has hiked its forecasts for jet plane demand to 47,680 aircraft by 2038, [...]
UK energy suppliers could go bust after Saudi attacks, experts warn September 18, 2019 An attack on Saudi oil facilities might turn the screws on struggling energy suppliers, experts have warned, a year after a winter that felled several smaller firms. More companies might face bankruptcy if they have not bought enough energy in advance to supply their customers through what could be an unusually chilly winter. Read more: [...]
Short-term let adverts banned from Tube following outcry September 18, 2019 Adverts that promoted short-term lettings in the capital have been banned from the Transport for London (TfL) network following criticism from campaigners. London mayor Sadiq Khan was urged to crack down on adverts across the Tube by firms that encouraged landlords to flout the 90-day annual limit for short-term lettings in London. Read more: Overcrowding [...]
British Airways pilots call off strike on 27 September September 18, 2019 British Airways pilots have called off a strike at the end of this month, warning more action could do “irreparable damage” to the airline’s brand. BA pilots who are members of the British Airline Pilots’ Association (Balpa) threatened to strike on 27 September in a row over pay and working conditions. They had walked out [...]
Eddie Stobart confirms takeover interest from Andrew Tinkler September 18, 2019 Eddie Stobart has confirmed it has received takeover interest from a company controlled by Andrew Tinkler, the ousted former boss of Stobart. The truck firm said it had received a “highly preliminary expression of interest” from TVFC, a company controlled by Tinkler, who was thwarted in a bruising boardroom battle over Stobart Group last year. [...]
Khan promises ‘fairer deal’ as new energy firm launches September 18, 2019 Mayor Sadiq Khan today promised Londoners a “fairer deal” on their energy bills as he announced the creation of a new power company. London Power, a non-profit energy company, will launch this December and provide its customers with renewable gas and electricity. Read more: Energy suppliers win four-year delay for smart meter rollout It is [...]