Edinburgh Airport owner eyes £2bn sale as aviation infrastructure values soar April 21, 2019 Edinburgh Airport could be sold this year for as much as £2bn as its private equity owner looks to cash in on skyrocketing aviation infrastructure valuations. Global Infrastructure Partners (GIP), the airport’s largest shareholder, is eyeing the hefty price tag amid plans to sell its majority stake, the Sunday Telegraph reported, citing City sources. Read [...]
Stagecoach wants inquiry after rail bid document was leaked to rival April 20, 2019 Stagecoach has called for a review of the way rail franchises are awarded after it emerged that a rival had seen the details of its bid. The transport company claimed that the department for transport (DfT) failed to investigate the incident properly, although the DfT deny that any information rival Abellio saw would have influenced the bid. Read [...]
Four Tesla directors to leave company in board streamlining April 20, 2019 Tesla has announced that four of the eleven members on its board will be leaving the company over the next two years in a move to increase efficiency. In a regulatory filing, the company said that Brad Buss, Antonio Gracias, Stephen Jurvetson, and Linda Johnson Rice would not be standing for re-election in the annual meetings [...]
Thomas Cook holds preliminary talks with suitors about potential takeover April 20, 2019 Thomas Cook has sparked the interest of a number of potential bidders as the company's lenders prepare to discuss its financial state. Several parties have made enquiries about taking over the company's tour operating business, or the entire company, according to Sky News. Read more: Uber's self-driving unit raises $1bn ahead of IPO Currently talks are at [...]
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 [...]