Majority of Londoners support TfL control over commuter rail services July 25, 2019 Nearly 60 per cent of Londoners want decision making on the railways to be taken by the mayor of London and Transport for London (TfL), a new poll has found. Research by Populus for the Rail Delivery Group (RDG), which represents train firms and Network Rail, found that 59 per cent of Londoners want decision [...]
Smooth landing for Wizz Air as profits soar July 25, 2019 Budget airline Wizz Air carried more passengers and squeezed more money from them, its first quarter results show. Profit for the three months to 30 June was €72.4m (£66.22m), boosted by passenger growth of 20.1 per cent to just over 10m people flying with the airline. Ancillary revenue, that’s all the extras that you pay [...]
National Express posts record profit of £113m in first half of 2019 July 25, 2019 National Express has posted a 15.3 per cent rise in operating profit for the first half of this year to a record £113.1m thanks to growth in all of its divisions. Read more: National Express revs up sales growth as it hits the road for Silicon Valley The figures Statutory profit before tax grew from [...]
Nissan to cut 12,000 jobs as its profits go in reverse July 25, 2019 Workers in Nissan’s Sunderland vehicle factory are braced to find out if they are part of the more than 12,000 workers to be laid off globally by the embattled carmaker. Nissan has said it will slash around 12,500 jobs globally as it looks to rein in costs and reduce its output. Read More: Nissan forecasts [...]
Commuters urged to avoid travel as scorching heat threatens chaos July 25, 2019 Commuters have been urged to avoid travel today as the high temperatures cause delays and cancellations across the London network. Southern, Southeastern, Thameslink, LNER and the London Overground have all put speed restrictions in place to reduce the chances of tracks expanding and buckling under the heat. Read more: Retailes and bar chains set to [...]
Tesla revenues fall short of expectations despite record cars built July 24, 2019 Electric car company Tesla posted second-quarter revenue below analysts’ expectations, pushing its shares down 10 per cent to $239.24 in after-hours trading. Read more: Tesla shares rally as firm makes record number of deliveries Total revenues climbed to $6.35bn (£5.09bn) from $4bn a year earlier, but this was below the $6.41bn expected by analysts. Yet [...]
Uber and rival Ola sniffing around London’s Addison Lee July 24, 2019 Uber and Indian ride-hailing firm Ola are mulling bids for London-based taxi firm Addison Lee, which could create a powerful force in one of the world’s biggest private transport markets. Read more: Uber rival Viavan wins three year license renewal from TfL The US giant and Ola are two of “a handful” of companies talking [...]
London set for commuter chaos as Greater Anglia and others reduce services in 37C heat July 24, 2019 Londoners face sweltering rush-hour delays tomorrow with rail groups urging travellers to avoid using trains as record temperatures could buckle the tracks. Greater Anglia, which runs trains into the City’s Liverpool Street station, said this evening it will significantly reduce its service across its network across East Anglia and London. Read more: London heatwave: Temperatures [...]
Sadiq Khan’s minicab congestion charge is not discriminatory, court rules July 24, 2019 Sadiq Khan’s decision to impose a congestion charge on private hire vehicles (PHVs) was lawful and appropriate, the High Court has ruled. The Independent Workers’ Union of Great Britain (IWGB) challenged the London mayor’s decision to lift the congestion charge for PHVs, arguing that the policy disproportionately affects female and black and ethnic minority drivers. [...]
Freefall: Boeing makes $3.4bn loss on 737 Max grounding in second quarter July 24, 2019 Boeing this afternoon posted a $3.4bn (£2.7bn) quarterly loss, as it continues to struggle with mounting costs relating to the grounded 737 Max plane. The massive losses come after Boeing’s surprise announcement last week that it would set aside $4.9bn (£3.9bn) to compensate airlines for the disruption caused by the jet’s grounding. Read more: Boeing [...]