Heathrow told to keep check on credit rating amid expansion plans August 29, 2019 Heathrow airport has been warned it may be obliged to maintain an investment grade credit rating to reassure investors of its financial position while its third runway gets built. The UK’s aviation regulator, the Civil Aviation Authority, said it would explore a proposal to make it mandatory for Heathrow to hold such a rating, to [...]
UK strikes autumn 2019: All the dates for Tube, rail and British Airways strikes August 29, 2019 This summer has felt like the season of non-stop, stop-start UK strikes action, but unfortunately, it isn’t over, with British Airways strikes and more planned for September. Industrial action across airlines, rail and the Tube are set to continue into the autumn. City A.M. gives you the low-down on how you might be affected during [...]
Sadiq Khan vows to take on Uber ‘big boys’ in licence decision August 29, 2019 Sadiq Khan has vowed to take on the “big boys” at Uber when it comes to renewing its licence, which expires next month. The London mayor, who revoked Uber’s licence in 2017, said everyone must play by the rules if they want to operate in the capital. Read more: Uber poaches new UK boss from [...]
Taxpayer to foot £32m bill of South Western Railway strikes, union claims August 29, 2019 Troubled train firm South Western Railway (SWR) is set to receive more than £30m from the taxpayer over the loss of work days to strike action, it has been claimed. The RMT rail union, which will strike on SWR from tomorrow through to Monday, said the government will hand the firm £32m to compensate it [...]
Climate change activists threaten drone chaos in Heathrow airport protest August 29, 2019 Climate change activists will protest at Heathrow Airport next month by flying drones at the airport in a move that could ground all flights. Heathrow Pause, a splinter group of the Extinction Rebellion movement, says it will fly toy drones in the airport’s restricted zone from 13 September. Read more: Extinction Rebellion threatens to gatecrash [...]
More grief for British car industry as output falls again amid Brexit fears August 29, 2019 Britain’s car manufacturers endured another month of misery in July as exports took a hit and output slowed down for its 14th consecutive month. Manufacturing output fell 10.6 per cent last month, with only 108,239 vehicles rolling off the production line, according to figures released this morning by the Society of Motor Manufacturers and Traders [...]
IBM and Vodafone’s $550m joint venture secures first deal August 28, 2019 IBM and Vodafone’s $550m partnership has signed its first contract, an eight-year partnership with National Express. The deal is intended to ensure that the UK-based leading transport provider can “adapt to today’s digitally savvy customers”. IBM and Vodafone joined forces in January of this year, bringing together their respective strengths in connectivity and hybrid cloud [...]
Bechtel removes legal block to allow HS2 to sign £1.3bn contract August 28, 2019 American engineering giant Bechtel has withdrawn its legal bid to prevent HS2 signing a contract for one of its key London stations. HS2 has been unable to sign a £1.3bn contract for Old Oak Common station with Balfour Beatty, Vinci Construction and Systra ever since rival bidder Bechtel launched a legal challenge over the entire [...]
Near-miss: Passenger jet ‘narrowly avoided’ hitting drone at Gatwick airport in April August 28, 2019 An Airbus passenger jet carrying as many as 186 passengers was forced to take evasive action to avoid a drone as it approached Gatwick airport, it has emerged. The airliner was flying at 518 metres towards the West Sussex airport on 28 April when the pilot saw a dark-coloured drone and made a banking turn [...]
Former Uber driverless guru charged with stealing secrets from Google August 27, 2019 One of Uber’s former star engineers is facing years in prison after he was yesterday charged with stealing secrets from Google. Anthony Levandowski, one of the world’s leading developers of driverless technology, allegedly took information with him when he left the search giant’s Waymo unit. Read more: Car crash: Uber shows record loss in new [...]