Thames Water execs pocket £800k bonus as 650 jobs at risk July 4, 2019 Top Thames Water executives are set to pocket nearly £800,000 in bonuses this year as the utilities firm prepares to cut 650 jobs. Thames Water yesterday announced that 350 employees could be made redundant and a further 300 roles may be phased out through an employment freeze and the termination of contractor roles. Read more: [...]
TfL gives Indian ride-hailing app Ola the green light July 4, 2019 Transport for London has given Indian ride-hailing app Ola the green light to launch in the city. Ola said it has received a private hire vehicle licence and planning to launch around September. Read more: French ride-hailing app Kapten puts Uber in its sights “We are looking forward to building world-class mobility offerings for London [...]
Ofwat hits out at water suppliers’ business plans July 4, 2019 London’s water supplier was among four slated by Ofwat this morning as the regulator said it was “disappointed” by the firms’ request for more money to cover costs. Thames Water, Anglian Water, Yorkshire Water, and SES Water were told that their business plans do not live up to the regulator’s expectations. Read more: Regulator Ofwat [...]
Low-emission car registrations fall for first time in two years July 4, 2019 UK registrations of alternatively-fuelled cars fell in June for the first time since April 2017, with a major industry body blaming confusion over low-emission zones and incentives. Read more: Hybrid and diesel car sales fall in May amid government policy confusion Overall new car registrations in the UK fell for the fourth month in a [...]
Poor records land Green Star Energy with £350,000 fine July 4, 2019 Energy supplier Green Star Energy was today slapped with a £350,000 charge after locked more than 1,800 customers out of their accounts. The fine includes £60 compensation for each household affected. Read more: Ofgem slaps suppliers Economy Energy and E with £850,000 fine for competition breaches A records failure meant it did not send welcome [...]
Ryanair traffic takes off despite Brexit gloom July 2, 2019 Irish airline Ryanair carried eight per cent more passengers on its planes last month, it revealed today. The budget carrier said it served 13.6m passengers, up from 12.6m in the same period last year. It was spread across 78,000 flights. Read more: Wizz Air grows passenger numbers amid route expansion Earlier this year the company [...]
Wizz Air grows passenger numbers amid route expansion July 2, 2019 Low cost airline Wizz Air has posted a 19 per cent increase in passenger numbers for June as a string of new routes continues to drive growth. Read more: Wizz Air profits rise as it expects higher fuel costs to push up 2020 earnings The Budapest-based company also increased its average capacity by 1.7 percentage [...]
Trainline on track as it posts big sales boost in first results since IPO July 2, 2019 Trainline’s chief executive today hailed last month’s “successful” float as the company showed a big jump in ticket sales last quarter. Net ticket sales rose 20 per cent to £906m, the firm said. A 27 per cent increase in revenue from tickets sold to UK consumers helped boost the figures. Read more: Trainline owner mulls [...]
Stagecoach shares drop after Deutsche Bank cuts target price July 1, 2019 Shares in train and bus operator Stagecoach fell four per cent this morning to 121.7p after Deutsche Bank slashed its target price. Read more: Stagecoach profits rise despite UK rail franchise loss The broker lowered the shares’ target price to 155p from 170p. The bank said this would allow stable profitability in 2020-21 and a [...]
Aston Martin’s biggest shareholder to make £68m bid to increase its stake July 1, 2019 Aston Martin’s largest shareholder, Investindustrial, is looking to increase its stake in the carmaker by a further three per cent. It comes nine months after the luxury brand saw its shares crash by almost 50 per cent following its initial public offering. Read more: Ford to cut 12,000 jobs across Europe and close down five [...]