Shares in Aeroflot fall three per cent after plane crash kills 41 people May 6, 2019 Shares in Russia’s largest airline, Aeroflot, fell by more than three per cent after a plane burst into flames in a crash-landing on Sunday at a Moscow airport, killing 41 people. A Sukhoi Superjet 100 aircraft carrying 73 passengers and five crew was struck by lightning as it took off towards Murmansk, in Russia’s northwest. Two [...]
Car maker shares fall on Donald Trump tariff hike threats as US – China trade war escalates May 6, 2019 Shares in European car makers tumbled today after Donald Trump threatened to hike up tariffs on Chinese imports to the US, marking an escalation in the ongoing trade war between the two countries. The Stoxx Europe 600 Automobiles and Parts index was down 3.3 per cent following Trump’s remarks as all of its 16 component [...]
Boeing 737 skids off Florida runway and lands in river May 4, 2019 At least 20 passengers on board a Boeing 737 have been taken to hospital after the passenger plane skid off a runway in Florida and landed in a river. None of the 143 people on board were seriously hurt as the plane tried to land in thunderstorm conditions. Read more: Stagecoach dropped as Turner Prize [...]
Stagecoach dropped as Turner Prize sponsor after just one day over LGBT rights concerns May 3, 2019 The Turner Prize has severed ties with Stagecoach South East, just one day after the sponsorship was announced. Read more: Stagecoach: Pension risks 'exceeded £1bn' for blocked rail franchise bids The prestigious arts award rejected its sponsor following criticism of the chairman of Stagecoach's parent company's support for a ban on teaching LGBT issues. Stagecoach and [...]
DEBATE: With another strike planned, should industrial action on the Tube be banned? May 3, 2019 With a strike planned over the FA Cup weekend, should industrial action on the Tube be banned? Keith Prince, the GLA Conservatives’ transport spokesman, says YES. Workers should have a right to redress, for example if they have legitimate safety concerns. But all too often, we have seen “safety” being used by unions as an excuse [...]
Crossrail: Watchdog blasts bosses for ‘driving up costs’ on London’s £17.6bn delayed Elizabeth Line May 3, 2019 Crossrail bosses took decisions that drove unnecessary cost into the troubled £17.6bn railway, a report by Whitehall's spending watchdog has found. A catalogue of errors including a "failure to change course" when it was clear the project was de-railing, as well as flaws in its own commercial strategy, led to cost increases and the current uncertainty [...]
Pumped up: Petrol prices soared in April as oil prices pushed up May 3, 2019 Petrol prices soared faster in April than in almost any other month for nearly two decades, it has been revealed. Motorists across the UK were having to pay an average of £3 more for every full tank, according to data from insurance company RAC. Read more: Oil prices fall after Trump’s showdown with Opec The [...]
Stagecoach claims pension risks for three spurned rail franchises ‘exceeded £1bn’ May 2, 2019 Stagecoach is engaged in an increasingly bitter battle with the government after it revealed that the pension risks it was being asked to take on for three rail franchises was "well in excess of £1bn". Stagecoach, which runs a partnership with Richard Branson's Virgin Trains, has been at loggerheads with the Department for Transport (DfT) [...]
Ofgem may drop competition probe into electricity spot trader May 2, 2019 Ofgem said it plans to close an investigation into a power exchange company which faced allegations of breaking competition rules. Competitor Nord Pool had been shut out of electricity auctions designed to sell energy across the British and Irish border by rival Epex Spot. Read more: Households get £70m windfall after Ofgem launches automatic compensation Ofgem [...]
Budget airlines Ryanair and Wizz Air report soaring passenger numbers in April May 2, 2019 Budget airlines Ryanair and Wizz Air both boosted passenger numbers last month Ryanair Group’s traffic was up 10 per cent to 13.5m passengers compared to April last year while Wizz Air saw passenger numbers rise to 3.28m, an increase of 19 per cent. Read more: Ryanair traffic soars despite challenging results In April Wizz Air [...]