Thomas Cook ‘scrambles to seal rescue deal’ amid concerns over bondholders September 15, 2019 Troubled travel company Thomas Cook is said to be looking to delay a pivotal bondholders’ meeting on Wednesday to give it more time to agree a £900m rescue deal with majority shareholder Fosun. The 178-year-old holiday firm is still scrambling to wrap up the terms of a restructuring deal with the Chinese conglomerate, but fears [...]
Heathrow climate change protest arrests rises to 18 September 14, 2019 The number of people arrested by police during a climate change protest at Heathrow Airport has risen to 18. Activists threatened to fly drones in Heathrow’s exclusion zone as part of the Heathrow Pause campaign. Read more: Heathrow Airport remains open as signal jamming blocks devices The police have arrested 18 people on suspicion of [...]
Wrightbus in rescue talks as 1,400 jobs at risk September 14, 2019 London bus maker Wrightbus will hold talks with Irish transport executive Darren Donnelly this weekend in a bid to avoid administration. Donnelly is the leading contender to acquire Wrightbus, according to Sky News, but the bus maker could be forced to appoint administrators if a rescue deal is not concluded by next week. Read more: [...]
Heathrow drone protest: Airport ‘remains open’ as police make two arrests September 13, 2019 Heathrow has said its runways remain open today despite efforts by climate change protesters to disrupt flights after two men were arrested. The Metropolitan Police arrested the two men at 5.50am in the vicinity of the airport on suspicion of conspiracy to commit a public nuisance offence. Read more: Heathrow exec likens expansion plans to [...]
British Airways cancels more flights as strikes bite September 12, 2019 British Airways said today it is cancelling several flights at the end of this month as pilots prepare to go out on strike. The airline did not say how many flights would be affected, but promised to let customers know. “We are now contacting all those affected to offer them a full refund or a [...]
Heidi Alexander: It would add ‘insult to injury’ if HS2 skips Euston September 12, 2019 It would add ‘insult to injury’ if High Speed Two (HS2) did not stop at Euston, London’s deputy mayor for transport has said. Read more: Businesses react as HS2’s price tag balloons to £88bn Former shadow cabinet minister Heidi Alexander said communities in London had already experienced “considerable disruption” around Euston, where HS2 is due [...]
Trainline increases revenue expectations as sales soar September 12, 2019 Shares in Trainline jumped more than six per cent this morning as the ticket-selling platform announced soaring sales in the first half of the financial year. Trainline raised its full-year revenue growth expectations to the low to mid 20 per cent range as it reported that revenue was up 29 per cent to £129m in [...]
Raising the roof: Bank Tube station upgrade reaches major milestone September 12, 2019 The upgrade project at Bank Tube station reached a major milestone this week as work was completed on the roof of the new entrance on Cannon Street. Read more: Tube drivers threaten disruption on Jubilee, Central, Northern and Victoria lines over noise levels Transport for London (TfL) said workers had “topped out” the new roof, [...]
Car manual publisher Haynes posts jump in profit as digital shift pays off September 12, 2019 Haynes Publishing Group has posted a sharp rise in revenue and profit for the full year as the car manual specialist’s digital shift helped drive business in its corporate division. Read more: Shares in car manual publisher Haynes soar as it eyes sharp profit growth The figures Haynes posted a seven per cent increase in [...]
Let’s end the airline monopoly over Europe’s busiest airport September 12, 2019 This week’s two-day strike by British Airways (BA) pilots is not just another blow for the brand and a pain for thousands of passengers. It is also a vivid demonstration of the pitfalls of letting one airline group have an effective monopoly over many routes at Europe’s busiest airport, Heathrow. Luckily, expansion at Heathrow provides the [...]