Bombardier in line to win €2.3bn Cairo monorail contract May 28, 2019 Canadian firm Bombardier has been named as the preferred bidder for a €2.3bn (£2bn) contract to build a monorail system in Egypt’s capital, and said it would make the trains in Britain. Read more: Airbus boss cagey over Bombardier Northern Ireland plant If successful, Bombardier’s transportation arm would bag a design and build contract worth €1.2bn [...]
China’s giant Belt and Road infrastructure push ‘could pump $7 trillion into global GDP’ by 2040 May 27, 2019 China’s monumental state-backed infrastructure investment scheme could inject $7.1 trillion (£5.6 trillion) a year into the global economy – or an extra 4.2 per cent of global expected GDP – by 2040, according to economists. The controversial Belt and Road Initiative (BRI), which sprawls across Asia, Africa and Europe, has sparked concerns the superpower is [...]
Britain smashes coal-free power record with 10-day run May 27, 2019 Britain smashed its record for coal-free power generation over the weekend, punching through ten days without burning the fuel for the first time since 1882 this afternoon. Coal-fired power stations have laid dormant since the afternoon of 17 May, as wind, solar, nuclear and gas generation prop up the grid. Read more: Britain goes a [...]
Fiat Chrysler and Renault in advanced talks over comprehensive tie-up May 26, 2019 Fiat Chrysler and Renault have entered talks over a global partnership to strengthen both firms amid a challenging environment for car manufacturers. The two car giants have been in advanced discussions over a deal to forge “extensive ties” to tackle challenges facing the auto industry, the Financial Times reported. Read more: Renault to propose joint [...]
Boeing under investigation by SEC about disclosures to investors regarding the 737 Max aircraft May 25, 2019 The Securities and Exchange Commission (SEC) in the US has opened a probe into Boeing regarding disclosures made to investors about its 737 Max aircraft. The investigation, reported by Bloomberg, adds pressure to the company and is separate from the criminal investigation being conducted by US federal authorities into the initial certification that the planes were safe to [...]
Bovis Homes Group in talks with Galliford Try over housebuilding merger May 25, 2019 Bovis Home Groups has approached Galliford Try in recent weeks in a bid to reopen discussions about a merger, which previously broke down two years ago. Bovis is keen to combine a large proportion of their operations, according to Sky News. Read more: Thames Water chief executive Steve Robertson steps down A deal would be [...]
Thames Water chief executive Steve Robertson steps down May 25, 2019 Steve Robertson has stepped down as the chief executive of Thames Water with immediate effect. Robertson was unsuccessful in his attempts to turn around the performance of the failing utilities company. Read more: United Utilities profits up as it worries over nationalisation uncertainty The firm are now said to be looking for someone with a [...]
Life in the slow lane? City of London Corp hopes to impose 15mph speed limit across Square Mile May 24, 2019 As the home of London’s hustling financial sector, the Square Mile is not known for moving slowly. But for motorists, that could soon be about to change, after the City of London Corporation agreed to make it the first area in the country with a 15mph speed limit. Read more: Seeking solace in the Square [...]
With rail closures planned this weekend, here’s how we should revamp our chugging transport system May 24, 2019 This week, consumer watchdog Which revealed that rail passengers lost four million hours to train delays last year, with an average of 660 cancellations per day. It’s hardly surprising. Any regular commuter will have experienced a delay, cancellation or disruption recently – perhaps you’re experiencing one right now, in fact. Read more: Nearly 4m hours [...]
Stagecoach sues Department for Transport over West Coast rail franchise May 24, 2019 Stagecoach said today it had launched a legal claim against the Department for Transport (DFT) in connection with the competition for the West Coast rail franchise. Read more: Arriva takes government to court over East Midlands franchise award It said it had issued a High Court and judicial review claim alleging that the DfT breached [...]