Ousted Nissan chairman Carlos Ghosn had too much power, report finds March 27, 2019 Former Nissan chairman Carlos Ghosn had too much power and was able to hide his misconduct through an “opaque” management system, an explosive report has found. The independent report into Nissan’s governance, commissioned after Ghosn’s dramatic ousting, states the executive built up too much authority and created a “top-down” corporate culture that left employees powerless [...]
Network Rail bosses could be fined out of their own pockets to pay for delays March 27, 2019 Top bosses at Network Rail could be forced to fund fines for poor performance through their bonuses under tough new measures proposed by the rail regulator. From 1 April, the Office of Rail and Road (ORR) will push through a new policy to hold Network Rail, which owns the UK's rail infrastructure, to account. The [...]
Commuters face fresh rush hour misery with severe Tube delays March 27, 2019 Overrunning engineering works have left commuters facing a miserable commute this morning as a key Tube line suffered disruption. The late finish left the Circle Line with severe delays in a clockwise direction, while Londoners travelling the other way face minor delays this morning. Transport for London (TfL) advised passengers their tickets would be accepted [...]
Global emissions reach record high as energy demand speeds up – IEA March 26, 2019 Global energy demand grew at its fastest rate since 2011 last year, pushing up carbon emissions to their highest point in history. Data from the International Energy Agency shows that renewable energy sources accounted for less than a quarter of the global increase, despite showing double-digit growth. Read more: Opec cuts hit the spot as [...]
Sadiq Khan calls for TfL to take over from Network Rail as London’s railway manager March 26, 2019 Sadiq Khan has said Transport for London (TfL) should replace Network Rail as the UK's rail infrastructure manager to improve the reliability of services for London's commuters. The London mayor wants responsibility and funding for key rail assets such as tracks and stations to be transferred to the transport body so it is able to plug the communication gap [...]
Airbus shares soar after plane maker lands 300-aircraft order to China worth £25.7bn March 26, 2019 Airbus shares rose this morning on yesterday’s news that it signed a deal worth around €30bn (£25.7bn) to sell 300 planes to China. The plane maker was up 2.4 per cent this morning after announcing the sale of 290 of its A320 models and 10 A350 XWB aircraft to China Aviation Supplies Holding Company (CAS). [...]
Interserve cleaning staff to vote on strike action amid union complaints of ‘culture of fear’ at Network Rail stations March 26, 2019 Interserve cleaning staff at Network Rail stations are preparing to vote on strike action after the firm allegedly imposed a “culture of fear,” according to the RMT union. The rail union said this morning it would ballot around 300 facilities management workers for strike action after it received complaints of bullying from its members. Read [...]
Plumbing and heating supplier Ferguson’s share price dives after profit warning March 26, 2019 Shares in FTSE 100 plumbing and heating products supplier Ferguson fell nine per cent this morning after it issued a profit warning for 2019. The figures The company's results today revealed a rise in profits before tax of $676m (£513m) before exceptional items for the half year to 31 January, up from $644m for the same [...]
Regulators ‘likely’ to release Boeing 737 Max 8 jet crash report this week March 26, 2019 A crash report for an Ethiopian Airlines flight which went down earlier this month killing 157 people will likely be released this week, according to the country’s transport ministry. This morning a spokesperson for the department told Reuters the findings would probably become available before the end of the week, but added “there could be [...]
Commuters suffer rush hour chaos as Tube lines hit by severe delays March 26, 2019 Commuters were left to contend with a nightmare journey this morning as a signal failure struck multiple Tube lines down with delays. Read more: This London Tube map shows the busiest times at stations in the morning Severe delays hit the Circle Line, Hammersmith & City Line and the Metropolitan Line after a signal systems [...]