Eddie Stobart first half profits will be ‘at lower end’ of board expectations amid accounting error July 9, 2019 Haulage giant Eddie Stobart expects first half adjusted operating profit to come in at the low end of expectations, it said this morning. Shares fell 1.9 per cent this morning. The forecast follows a slowdown in some sectors and the firm’s decision to exit “a problematic contract” earlier this year. The firm said the shortfall [...]
Electric vehicle projects to receive £40m in government funding July 9, 2019 The government is to inject nearly £40m into a number of transport projects to push ahead electric chargepoint infrastructure in the UK. Twelve engineering projects, including those that will create underground and wireless charging systems, will receive £37m between them to invest in improving electric vehicle infrastructure across the country. Read more: BMW to hit [...]
Wind sector set to add enough capacity to power Britain each year July 8, 2019 The world is set to add enough wind turbines to more than power Britain’s at peak demand each year, new analysis shows. Consultancy Wood Mackenzie today said that global wind producers are expected to bring 71 gigawatts (GW) of capacity online each year until 2023. Read more: The answer to the UK’s renewable energy future [...]
British Airways owner set for record £183m fine after 2018 data breach July 8, 2019 British Airways is gearing up to face a record £183m fine by authorities after a data breach caused it to lose more than 400,000 customers’ information. The airline’s owner, International Consolidated Airlines Group (IAG), announced this morning it would make “any necessary appeals” in response to the penalty. Read more: British Airways data breach: How [...]
Gatwick Airport train station to get £150m revamp July 8, 2019 Gatwick Airport train station is to receive a £150m upgrade after the government agreed to the cash injection to reduce delays and congestion. The revamp, which will double the size of the station concourse, widen two platforms and increase the number of lifts, is designed to reduce congestion and overcrowding as the UK’s second largest [...]
British Airways looks to avert disruption of pilot strikes during busy summer months July 8, 2019 British Airways today began talks with pilots in an attempt to stop them striking over the summer. Pilots met company representatives at the conciliation service Acas after rejecting a pay increase of 11.5 per cent over three years. The airline has said the pay rise is “fair and generous”. Read more: Oman Air beats British [...]
Tube chaos: Commuters complain of overcrowding after Northern Line suspended July 8, 2019 Londoners have faced a chaotic commute this morning after the Northern Line was suspended. A signal failure meant there was no southbound service between Moorgate and Kennington, and no northbound service between Kennington and Charing Cross. Read more: Tube drivers get ear defenders for ‘screeching’ Underground lines Transport for London recommended commuters avoid the line [...]
Saudi airline scraps bumper 737 Max order in blow for Boeing July 7, 2019 Low-cost Saudi Arabian airline Flyadeal has cancelled a $6bn (£4.8bn) order for 30 Boeing 737 Max jets in a major blow for the troubled aerospace giant. Read more: Boeing 737 Max jet hits fresh setback before test flights Flyadeal began to reconsider its provisional order for the grounded 737 Max jets following crashes in Indonesia [...]
Energy supplier E.On apologises for ‘error’ revealing 498 customers’ email addresses July 6, 2019 Energy firm E.On has apologised after including hundreds of customers’ email addresses in requests for their meter readings. The emails should have been sent to individuals only, but included another 497 recipients due to a “system error” with the automated service, E.On said. Read more: Ranked: The best and worst energy suppliers in the UK [...]
EU clears Virgin’s Flybe takeover after buyer assuages monopoly concerns July 5, 2019 The Virgin-led acquisition of Flybe received the green light from the European Commission today. Read more: Connect Airways appoints new CEO ahead of EU approval Antitrust officials gave the go-ahead despite raising competition concerns regarding certain routes becoming so-called quasi-monopolies. Connect Airways – a consortium of Virgin Atlantic, Stobart Aviation and US private equity firm [...]