RPS shares crash 40 per cent on profit warning June 26, 2019 Energy firm RPS saw it share price collapse by 40 per cent today as it issued a major profit warning for its current financial year. Australia bites RPS down under Poor trading in RPS’s Australia Asia Pacific division will leave full-year results “materially below” profit before tax expectations of £50m, the firm admitted. Read more: [...]
Stagecoach profits rise despite UK rail franchise loss June 26, 2019 Stagecoach has ruled out future bids for UK rail franchises today once its current operations finish in November. The transport giant also revealed higher profits for the year to the end of April despite its train business facing an uncertain future. The figures Stagecoach’s profit before tax rose 23 per cent year on year to [...]
Tube delays: Severe delays hit commuters on two Tube lines June 26, 2019 Commuters faced a morning of disruption today as Tube delays struck two key Underground lines. Read more: Tube delays strike Northern Line amid rail flooding cancellations Severe delays hit the Circle Line clockwise route after a faulty train at Latimer Road earlier this morning. The Circle Line is running a good service anti-clockwise, however, But [...]
Car crash for Lookers: Motor dealer’s shares dive as FCA launch probe June 25, 2019 Motor retail giant Lookers suffered a crash in its share price this afternoon after revealing that the City watchdog is probing its sales practices. The car dealership chain’s share price dived 25 per cent this afternoon as the firm said that the Financial Conduct Authority (FCA) “intents to carry out an investigation into the company’s [...]
First Group chairman resigns after defeating Coast Capital’s boardroom coup June 25, 2019 First Group’s chairman has resigned despite defeating an attempt by activist investor Coast Capital to oust him from the board. Wolfhart Hauser has stepped down and will not stand for re-election at the company’s next annual shareholder meeting. Around one in four shareholders, excluding Coast, voted against the New York Hedge fund’s 13 resolutions, Press [...]
BMW to hit electric vehicles target two years early June 25, 2019 BMW is set to meet its target to create 25 electric vehicle models by 2025 two years ahead of schedule. The German car maker announced this morning it will reach the quota by 2023, with more than half of those models being fully-electric compared to hybrid or combustion engine. “We are moving up a gear [...]
No-deal Brexit could deliver ‘knockout blow’ to UK car industry June 25, 2019 The UK’s car industry has stepped up its no-deal Brexit warning, saying that crashing out of the EU would trigger “the most seismic shift” in trading conditions that the industry has ever seen. The Society of Motor Manufacturers and Traders (SMMT), the car industry organisation, has urged the UK’s next prime minister to secure a [...]
Space X launches Falcon Heavy rocket in ‘most difficult’ mission yet June 25, 2019 Space X last night launched its Falcon Heavy rocket carrying 24 experimental satellites in what boss Elon Musk said was the “most difficult” launch his firm has attempted. Read more: Space X explosion will delay astronaut plans, Nasa official says Lift off took place at around 2.30am local time from Kennedy Space Centre in Florida [...]
Tube delays: Severe delays hit Northern Line as train routes flooded June 25, 2019 Commuters faced a miserable commute to work this morning as the Tube’s Northern Line was hit with severe delays. Read more: Londoners brace for summer Tube strike chaos Severe delays hit commuters between Morden and Camden Town northbound via the Northern Line’s Bank branch this morning following a fire alert at Morden. That had a [...]
Southern Water hit with £126m fine for ‘shocking’ sewage spills June 25, 2019 A watchdog has slapped Southern Water with a £126m fine after “serious failures” in how the company operated sewage treatment sites over a seven-year period. A lack of investment in a number of Southern Water sewage treatment sites led to equipment failures and sewage spilling into the environment, regulator Ofwat said today. Read more: Ranked: [...]