Uber’s self-driving unit raises $1bn ahead of IPO April 19, 2019 Uber’s self-driving unit has raised $1bn from a consortium of investors including Softbank Group ahead of the ride hailing app’s initial public offering. Uber said that the investment values its Advanced Technologies Group, which is working to develop autonomous vehicle technology, at $7.25bn. Read more: Uber IPO: Six things you need to know Softbank will invest [...]
Fiat Chrysler recalls 320,000 Dart cars that could roll away April 19, 2019 Fiat Chrysler Automobiles has announced that it is recalling more than 320,000 cars over concerns that the model could roll away. The Italian-American carmaker said the recall covers Dodge Dart compact cars from 2013 to 2016 and mainly affects drivers in the US, Canada and Mexico. Read more: Is the classic Aston Martin Vantage still [...]
Ofgem set to slap energy supplier Solarplicity with indefinite ban on recruiting new customers April 18, 2019 Fresh questions were raised today about the future of energy supplier Solarplicity after regulator Ofgem said it intends to extend its ban on the firm taking on new customers. The regulator said the firm failed to address serious concerns Ofgem raised in February about its contact and complaints handling and the transfer of customers to [...]
Elon Musk channels a sheep as he and English Rural Life museum swap pictures April 18, 2019 The Museum of English Rural Life has adopted Elon Musk's Twitter display picture, after the Tesla CEO decided to take their sheep image and start answering tweets about Tesla cars with sheep puns. Now visitors to the page of the Museum of English Rural Life will be greeted with Musk's face in a joke that continues [...]
Extinction Rebellion protests: Eco-activists plot Heathrow shutdown at the start of Easter bank holiday weekend April 18, 2019 Climate change activists are planning to shut down the UK’s busiest airport tomorrow to coincide with the Easter bank holiday weekend, according to reports. Extinction Rebellion has called on supporters to meet at Heathrow Airport on Good Friday as thousands of holidaymakers prepare to depart for the long weekend. Read more: Climate change activists denied [...]
High Speed Rail 2 buys £600m worth of properties , FoI reveals April 18, 2019 The developers behind High Speed Rail 2 (HS2) have bought more than 900 properties at a total cost of almost £600m, according to the latest figures. The details were released by HS2 after campaign group Stop HS2 filed a freedom of information request, which revealed that 902 residential properties, farms or other pieces of land [...]
Jet Airways shares plunge as lenders seek rescue bids after cancelling all flights April 18, 2019 Shares in troubled Jet Airways crashed almost 30 per cent this morning as lenders held out hope that the Indian carrier may receive a rescue bid after it was forced to cancel all flights. The firm owes around $1.2bn (£921m) to banks and has been looking for a stop-gap loan of $217m that would allow [...]
Complaints surge as more energy customers find troubles with switching suppliers April 18, 2019 Switching energy supplier has become the second biggest cause of complaints among customers as increasing numbers choose to vote with their feet. Data from the Energy Ombudsman shows the number of complaints which originated in the switching process rose 14 per cent year-on-year to 1,016 in the last quarter of 2018. Read more: Ombudsman warns [...]
Supercharged: Moneysupermarket growth booms as energy price cap sees spike in switching April 18, 2019 Ofgem’s hike to the energy price cap helped to electrify Moneysupermarket in the first three months of the year as the number of households switching supplier reached record levels. Revenue in the firm’s home services segment, which includes energy switching, soared by a massive 70 per cent to £19.6m in the first quarter, it revealed this [...]
Crossrail ‘could be delayed until spring 2021’ April 18, 2019 Crossrail could be delayed until as long as 2021 after incurring some difficulty with the dynamic testing of trains and signalling, according to a BBC source. The Elizabeth Line, which will run between Reading and Shenfield Essex underneath central London, had been due to open in December 2018. Read more: MPs warn Crossrail may not [...]