Car industry investment grinds to a halt as Brexit uncertainty cripples sector July 31, 2019 Investment into Britain’s car manufacturing industry has come to a near-standstill, as companies divert hundreds-of-millions of pounds towards mitigating a potential no-deal Brexit which they fear will plunge the sector into chaos. Inward investment into the sector plummeted more than 70 per cent to just £90m in the first six months of the year, according [...]
Lufthansa earnings drop amid EU price war July 30, 2019 Lufthansa has seen its second quarter earnings plummet amid a price war with rivals based in Germany and Austria and “persistent overcapacities” in the airline market. The figures Adjusted earnings before tax dropped 25 per cent from €1bn (£91.6m) to €754m, The airline said this was because fuel costs were €255m higher than they were [...]
Paul Maynard appointed new rail minister July 29, 2019 Paul Maynard, the MP for Blackpool North and Cleveleys, has been appointed as the new rail minister in Boris Johnson’s government. Maynard, a former government whip and junior transport minister, also served as a junior minister in the justice department from May to June this year. Read more: Boris Johnson rules out pre-Brexit general election [...]
Ryanair boss Michael O’Leary blasts Boeing over 737 Max delays July 29, 2019 Ryanair could have no Boeing 737 Max jets available next year unless the aircraft manufacturer “gets its sh*t together,” said the airline’s boss, Michael O’Leary, this morning. The number of Max jets available to the Irish airline next summer could drop to zero, he said, unless the plane maker upgrades the jet so that authorities [...]
Sharing is caring: How Via Van is making a capital connection July 29, 2019 “When we told people we were going to launch a shared ride-service in New York they told us we were crazy,” says Chris Snyder, the chief executive of new kid on the block, Via Van. Six years later, and Via Van is the provider of 1.5m rides across key US cities and 60m rides globally. [...]
Ryanair profits nosedive 21 per cent in first quarter July 29, 2019 Ryanair’s profits tumbled 21 per cent in its latest quarter as the airline was battered by higher fuel and staff costs coupled with lower fares, it revealed today. Read more: Ryanair warns of summer 2020 problems due to Boeing 737 Max ban The figures Profit before tax fell 24 per cent year on year to [...]
Boris Johnson to pledge funding for high-speed rail route between Leeds and Manchester July 27, 2019 Boris Johnson is expected to pledge to fund a new high-speed rail link between Leeds and Manchester during a speech in the latter, later today. He will give his backing to the trans-Pennine transport link to “turbo-charge the economy”. Read more: UK car industry tells Boris Johnson no-deal Brexit not an option It is the [...]
Air traffic control error causes flight delays at Heathrow, Gatwick and London City airports July 26, 2019 An issue with the UK’s air traffic control system failure caused flight delays at most of London’s airports this afternoon. Nats, the body in charge of the UK’s air traffic control, admitted a “technical problem” had caused issues at the Swanwick Air Traffic Control centre, leading to “flight restrictions”. Read more: Train delays hit commuters [...]
Eurostar tells passengers not to travel as heat causes train chaos July 26, 2019 Eurostar has warned passengers not to travel to and from Paris today as the heatwave continues to wreak havoc. The train operator warned that issues with overhead power lines in Paris had caused severe disruption, and advised against all but essential travel. Read more: All the train delays to hit the UK as heatwave causes [...]
UK car industry tells Boris Johnson no-deal Brexit ‘not an option’ July 26, 2019 Representatives for the UK car industry have warned Prime Minister Boris Johnson that a no-deal Brexit is “not an option”. In an open letter to the new Conservative Party leader the Society of Motor Manufacturers and Traders (SMMT) said Johnson must help ensure that the sector “continues to enjoy preferential trade with critical markets around [...]