Airbus and Boeing set for record-breaking year despite turbulence in the sector April 29, 2019 The world’s biggest aeroplane manufacturers are on course for another record-breaking year, new figures show, despite industry turbulence. Airbus and Boeing delivered 311 planes to customers in the first three months of 2019, one more than the same period last year, ADS said today. Read more: Senior warns Boeing's 737 Max groundings will hit profits The trade [...]
Fracking tsar launches broadside against government’s de facto ban in resignation letter April 28, 2019 The UK’s shale gas commissioner has resigned and blasted the government over industry regulations that make it “nearly impossible” for the sector to develop. Natascha Engel, who had been in the job just under seven months, said the government’s refusal to review its policy on seismic tremors amounted to a de facto ban on the [...]
French rail firm SNCF threatens legal action against government over failed HS2 bid April 28, 2019 France’s state-owned rail company SNCF is threatening legal action against the UK government after it was barred from bidding from a contract to run HS2 in an ongoing dispute over pension liabilities. SNCF is the latest firm to get caught up in a row over pensions, which prompted the Department for Transport (DfT) to bar Stagecoach [...]
SSE talks to Talktalk over £1bn retail unit after scrapping Npower deal April 28, 2019 Scottish energy supplier SSE has approached a number of its rivals, and broadband provider Talktalk as it tries to find a buyer for its £1bn retail division. The company has promised to update shareholders on the future of the unit before its full year results towards the end of May, after a merger deal with [...]
Critics slam ‘absurd’ TfL junk food ad ban as fast food delivery sites allowed to advertise on Tube and buses April 28, 2019 Junk food and takeaways are still being promoted by stealth across London's public transport network via the likes of Just Eat and Deliveroo adverts, despite a recent TfL crackdown. Read more: Mind the ban! How TfL's junk food ad ban may fail to tackle obesity Opponents of TfL’s ban, which prevents images of food items that [...]
Jaguar Land Rover weighing up bid for London cab company Addison Lee April 28, 2019 Jaguar Land Rover (JLR) is weighing up an offer for London-based taxi company Addison Lee in a bid to keep up with companies such as Uber, the Sunday Telegraph reported yesterday. Read more: Jaguar and Addison Lee trial their driverless cars in London Addison Lee was put up for sale by its owner, US private [...]
Vauxhall issues third recall over Zafira fire risk April 27, 2019 Vauxhall has issued a recall for 235,000 Zafira people carriers for the third time over the risk that the cars could catch fire. The latest recall, which follows two previous recalls in 2015 and 2016, affects cars built between 2005 and 2014 which do not have electronic climate control, Sky News reported. Read more: Vauxhall [...]
Renault to propose joint holding company with Nissan April 27, 2019 French carmaker Renault is preparing to propose a joint holding company with Japanese partner Nissan to give the two firms equal footing, according to reports. Both carmakers would nominate an equal number of directors to the joint company which would be lead by Renault chairman Jean Dominique Senard, Reuters reported citing sources close to the [...]
Regional airline FlyBMI owed £37m when it collapsed April 27, 2019 Regional airline Flybmi owed £37m when it collapsed earlier this year, blaming rising fuel and carbon costs and Brexit uncertainty. The airline filed for administration in February and most creditors, including passengers and suppliers, might only receive one per cent of their claims, the BBC reported. Read more: BDO steps in as Flybmi administrator Passengers [...]
Uber IPO will value ride-hailing firm at up to $90bn, SEC filing confirms April 26, 2019 Uber is set to pitch shares at between $44 and $50 as it chases an initial public offering (IPO) that could value it at up to $90bn (£69.8bn), the ride-hailing firm revealed in an updated filing today. The technology transport giant will offer 180m shares in its stock market debut as it chases the valuation, with another [...]