Tube chaos: Signal failure causes severe delays for commuters on District Line May 24, 2019 A signal failure has left commuters to contend with severe Tube delays this morning as Transport for London (TfL) part suspended two London Underground lines. Read more: Underground fire alert causes Tube chaos for commuters Passengers faced a difficult journey to work on both the District Line and the Hammersmith & City Line after the [...]
Uber launches electric bike-sharing scheme Jump in London May 24, 2019 Uber today launched an electric bike-sharing service in London in the firm's latest attempt to expand its transport offering beyond cars. The ride-hailing app has rolled out the a pilot scheme of 350 bikes in Islington, with plans to expand into other London boroughs in the coming months. Read more: Uber facing £1bn VAT tax [...]
Luton Airport appoints former Go Ahead boss as new chairman May 23, 2019 Former Go Ahead boss Keith Ludeman has been appointed the new chairman of Luton Airport as of today. Ludeman, who is the current chairman of HS1, the high-speed link between London and the Channel Tunnel, joins the airport following its completion of its £160m new terminal. Read more: Over 1m passengers used Luton Airport in March Passenger [...]
Triton in talks with Thomas Cook over offer for Nordic arm May 23, 2019 Thomas Cook Group has been approached by buyout firm Triton about a potential takeover of its Nordic airline and tour operator. Triton is in early-stage talks with the travel agent about a deal, Thomas Cook confirmed today. Read more: Thomas Cook share price drops after agencies downgrade credit rating The sale, which would see Thomas [...]
Regulator Ofgem won’t extend ban on energy supplier Solarplicity May 23, 2019 Ofgem today said Solarplicity had “significantly improved” since being hit by a customer ban in February, but warned it could be hit with more enforcement action if it fails to take further steps. A ban on the energy supplier taking on new customers ran out yesterday, but Solarplicity has now agreed to a self-imposed ban until [...]
Long-suffering users of Gospel Oak to Barking line finally see electric trains come into service May 23, 2019 Commuters on the poor-performing Gospel Oak to Barking line will finally be given four new electric trains after enduring months of delays and disruption. Users of the line were told a number of times that the electric trains, built by Bombardier, would come into service only to be disappointed by repeated delays caused by software issues. [...]
Tube chaos: Severe delays hit Tube lines after Underground fire alert hits Jubilee Line commuters May 23, 2019 A fire alert at Bond Street station left commuters' journeys in tatters today as the Jubilee Line was struck with severe delays and left part suspended for most of the morning. Read more: Revealed: These are London's most stressful Tube stations There was no service on the Jubilee Line between Finchley Road and Waterloo this [...]
Thomas Cook share price drops after agencies cut credit rating May 23, 2019 Thomas Cook's share price has nosedived by nearly six per cent after two agencies downgraded the troubled travel agency into the lowest credit category. Fitch and S&P Global both slashed the firm's rating to a CCC+, meaning they both doubted the group's ability to pay its debt if the sale of its airline did not go [...]
United Utilities profits rise as it worries over ‘uncertainty’ of Corbyn’s nationalisation May 23, 2019 United Utilities said the prospect of nationalisation was causing uncertainty in the water sector as it pushed its work to help customers this morning. The figures Revenue at the listed water company grew 4.8 per cent to £1.8bn in the year ending March, the firm revealed today. Read more: Severn Trent chairman to step down [...]
Major multi-national fraud probe into Airbus could settle this year May 23, 2019 Airbus could reach a settlement with British, French and US authorities in a long-running fraud investigation as soon as this year, sources with knowledge of the case told City A.M. The UK’s Serious Fraud Office (SFO) opened an investigation into Airbus’ use of third party consultants to win international aircraft orders in August 2016. French [...]