Industries face an existential crisis unless they adopt long-term green strategies July 1, 2019 Climate change is one topic that has managed to rise above both Brexit and the Tory leadership campaign in the news agenda. The future of the environment is an issue that affects us all, not least the City. That is why tomorrow’s Green Finance Summit is an important opportunity to bring together green leaders from [...]
UK readies for no-deal Brexit with fresh freight plans June 29, 2019 The government is asking transport firms to make an offer to provide extra freight capacity that would be used in the event of a no-deal Brexit at the end of October. More than £85m was wasted in the lead up to the initial date the UK was due to leave the EU following a rushed [...]
Union ballots staff over ‘deeply damaging’ nationwide rail strike June 28, 2019 Train drivers are set to vote on the first nationwide rail strike in a generation as union bosses lashed out against the government over pension arrangements. Read more: Londoners brace for summer Tube strike The Rail, Maritime and Transport (RMT) union will ballot thousands of members on whether to hold national industrial action over fears [...]
Costain shares sink 40 per cent on profit warning June 28, 2019 Costain’s share price plunged this morning as it warned investors that contract delays would hit revenue and profit for this financial year. Later start dates for projects like the M6 smart motorway and the southern section of High-Speed Rail 2 are set to push revenue “lower than anticipated”, Costain said in a trading update. Read [...]
London City Airport is grounded in sustainability June 28, 2019 Despite the political and economic uncertainty, London is continuing to grow and is expected to remain a major global city for business and tourism. London’s population has increased every year since 1988 and currently stands at almost 9m. Brexit may have cast a temporary cloud over London’s short-term prospects, but new corporate offices are still [...]
TfL revises junk food ad ban after rules spark confusion June 27, 2019 Transport for London (TfL) has overhauled the guidelines for its junk food advertising ban after critics slammed it as “absurd” and “confusing”. TfL has been forced to clarify the details of its new ban, which is aimed at tackling childhood obesity, just four months after it was brought into force. Read more: Critics slam ‘absurd’ [...]
Police find ‘nothing suspicious’ on jet after emergency Stansted landing June 27, 2019 Police have found nothing suspicious on board a passenger jet that made an emergency landing at London Stansted Airport over a bomb threat hoax. The landing took place just before 10.30am today after two RAF Typhoons escorted the Air India B777 Flight 191 to Stansted. The bomb threat turned out to be a hoax, with [...]
Ford to cut 12,000 jobs across Europe and close five sites including its Bridgend engine plant June 27, 2019 Car manufacturer Ford has announced plans to cut 12,000 jobs across its European operations by the end of 2020 as it continues to streamline its business. The company, which employs 51,000 people across the continent, is also planning to close five European sites in total, including its engine plant at Bridgend in Wales. Read more: [...]
Japanese firms ‘very concerned’ about prospect of no-deal Brexit, warns foreign minister June 27, 2019 Japan’s foreign minister has urged the UK to avoid a no-deal Brexit, admitting that Japanese firms are “very concerned” by the possibility. Taro Kono has warned the Tory leadership hopefuls, Boris Johnson and Jeremy Hunt, that a failure to agree on a withdrawal bill will have “very negative” implications for the 1,000 Japanese companies operating [...]
Tube drivers get ear defenders for ‘screeching’ Underground lines June 27, 2019 Transport for London (TfL) has offered Tube drivers ear defenders to protect them against high levels of noise from new sections of track, after their union threatened a strike. Drivers on the Victoria, Jubilee, Central, Piccadilly, Bakerloo and Northern Lines will receive the mufflers to cope with noise levels that reportedly reach up to 109.5 [...]