Tube drivers threaten disruption on Jubilee, Central, Northern and Victoria lines over noise levels September 11, 2019 Tube drivers have threatened disruption on four London Underground lines after voting overwhelmingly in favour of industrial action in a dispute over noise levels. Drivers who are members of the RMT rail union voted by over 95 per cent in favour of industrial action in a ballot covering the Jubilee, Central, Northern and Victoria Lines [...]
British Airways strikes: Airline warns of continued disruption September 11, 2019 British Airways has warned of continued disruption to flights after pilots held a two-day strike in a row over pay. The airline said hundreds of its planes and pilots were in the wrong place following the strike action, which led to nearly all flights being cancelled on Monday and Tuesday. Read more: British Airways pilots [...]
Galliford Try sees profits sink amid Bovis Homes sale talks September 11, 2019 Galliford Try suffered a 27 per cent slump in profits in its latest financial year, it revealed today, a day after it restarted talks to sell its housebuilding arm to Bovis Homes for £1.1bn. Read more: Galliford Try’s share price rockets as it targets £1.1bn Bovis Homes sale The figures Pre-tax profits crashed 27 per [...]
Macquarie ‘determined’ to buy Solarcentury September 10, 2019 Australian investment bank Macquarie has its sights set on the UK’s largest solar companies, in a deal which could be worth £250m. The bank is in the last two bidders in the race to snap up Solarcentury, which has around 20 years experience in the sector. Macquarie is “determined” to buy the solar experts, sources [...]
Good energy positioned to adapt as market moves September 10, 2019 Good Energy today said it was positioned to win more business in a rapidly changing energy market, as it spent the first six months of the year paying down debt. Profit before tax at the energy supplier rose eight per cent in the first half of the year to £2.5m, the company said. Meanwhile the [...]
British Airways pilots threaten further strikes unless stalemate is broken September 10, 2019 British Airways pilots are threatening further strike action if the current pay row with the airline is not resolved. The British Airline Pilots’ Association (Balpa) union has called on BA to engage in further talks to avert the planned strike on 27 September. Read more: Shares in British Airways owner IAG bounce as strike enters [...]
Frankfurt Motor Show: Car industry bosses warn against no-deal Brexit September 10, 2019 Bosses at car makers BMW and Vauxhall, which collectively employ more than 7,000 people in the UK, have warned about the destructive effects a no-deal Brexit could have on the automotive industry. Workers at BMW’s Mini factory in Oxford could face losing work in the event of a no-deal Brexit, according to the car maker’s [...]
Lords approved HS2 Birmingham-Crewe extension before parliament shutdown September 10, 2019 The House of Lords last night approved the High Speed Two (HS2) extension from Birmingham to Crewe before parliament was suspended for five weeks. The controversial railway, which will link London to the north in stages, is currently subject to an independent review chaired by former HS2 chair Douglas Oakervee and critic Lord Berkeley, which [...]
National Grid calls for security review following massive August power cut September 10, 2019 UK electricity operator National Grid has said the network’s security standards need reviewing following the August power cut which plunged 1m Britons into darkness. Read more: Government sets out scope for probe into national grid outage In National Grid’s report into the outage, published today by energy watchdog Ofgem, it concluded that a simultaneous loss [...]
Shares in British Airways owner IAG bounce as strike enters second day September 10, 2019 Shares in British Airways’ parent company IAG are up by more than five per cent this morning as the airline suffers its second day of strike action. Pilots who are members of the British Airline Pilots’ Association (Balpa) are into their second day of industrial action in an ongoing dispute over pay and working conditions. [...]