P&O Ferries sues government over £33m Eurotunnel settlement after no-deal Brexit ferries fiasco April 26, 2019 Ferry operator P&O is suing the UK government following the heavily-criticised decision to hand a no-deal Brexit ferries contract to a firm with no boats. Read more: Government ferry contracts to cost millions more if Brexit is delayed The Department for Transport has already been forced to pay Eurotunnel £33m in a settlement after its [...]
Crossrail sets opening date between October 2020 and March 2021 April 25, 2019 Crossrail will open to passengers between October 2020 and March 2021, about two years later than originally planned, its board revealed today. Read more: TfL boss Mike Brown says he will not stand down over Crossrail criticism The central section of Crossrail – which will be known as the Elizabeth line – will open between Paddington and Abbey [...]
Dubai port owner DP World holds steady as home market shrinks April 25, 2019 The owner of P&O Ferries said its global portfolio shipped 17.5m twenty-foot containers in the first quarter of the year, broadly flat from the year before. Gross container volumes declined 0.6 per cent year-on-year on a reported basis, Dubai-based DP World said today. Read more: Ports owner DP World increases revenue growth amid global expansion [...]
Trade tariffs and waning demand slam the brakes on Volvo quarterly profit April 25, 2019 Volvo parent company Geely’s shares fell today after the Swedish car maker announced profit fell nearly a fifth in the first three months of the year. Read more: Volvo recalls over 200,000 cars worldwide over leaky fuel pipes The manufacturer said pricing pressure and higher tariffs stemming from the trade war between the US and [...]
TfL boss Mike Brown says he will not stand down following calls to quit over Crossrail April 25, 2019 TfL boss Mike Brown has said he will not resign following criticism he "downplayed" the risks to the Crossrail opening date to London mayor Sadiq Khan. Appearing before the London Assembly's transport committee this morning, the TfL commissioner rejected suggestions he should resign. "No, I'm not reflecting on whether I'm fit to be in position," he said. [...]
The worst may still be yet to come for Boeing, after it takes a $1bn revenue hit from 737 Max disasters April 25, 2019 Describing Boeing’s past two months as “turbulent” is both a cliche and an understatement. It's found itself at the centre of not one but two aerospace disasters and its mighty brand now risks becoming synonymous with aviation risk. This is intensely dangerous territory for the world's largest commercial aircraft manufacturer. Worse still, as Boeing's boss [...]
Norwegian Air earnings hit by Boeing 737 Max troubles April 25, 2019 The grounding of Boeing’s 737 Max jets will cost Norwegian 500 million Norwegian crowns (£45m), the airline said today. The budget airline said the uncertainty around the fate of the jets could hurt its plans to return to profitability as it posted a new loss of 1.4bn Norwegian crowns. Norwegian has been forced to lease [...]
Act on carbon capture or face hefty bill, MPs urge government April 25, 2019 MPa have today hit out at the government’s “vague and ambiguous targets” on carbon capture, and urged it to seize on its benefits. Carbon capture usage and storage (CCUS) is needed to hit the UK’s climate change targets, the Business, Energy and Industrial Strategy Committee said in a report published this morning. Read more: Dutch [...]
Boeing profits tumble as plane maker works to get grounded 737 Max fleet back in the air April 24, 2019 Boeing has revealed the extent of the financial damage from grounding its flagship plane model across the globe as at least $1bn so far. The world’s biggest plane maker said this afternoon it had suspended its 2019 forecasts as it scrambles to get the 737 Max model back in the air after two deadly crashes [...]
On the map: Now Google Maps displays real-time electric car charging points April 24, 2019 Electric car drivers will today find it easier to find charging points for their vehicles as Google included real-time data on the sites across the UK and US. Drivers will be able to search for “ev [electric vehicle] charging stations” to see how many ports are currently available at each site, and other details such as [...]