Businesses bag £90m to overhaul UK city transport in government review March 19, 2019 Businesses will be offered up to £90m to implement their ideas on how to improve transport in UK cities and towns as part of a new government review. Businesses will be asked to offer their ideas into how to make transport more innovative, convenient and reliable, and how data sharing can improve public services by [...]
Kier to appoint former Carillion hire Andrew Davies as chief executive March 18, 2019 Embattled construction firm Kier is set to appoint the executive who was hired by Carillion weeks before the contractors collapse to lead a turnaround at the company. Andrew Davies, who was due to step into the role of chief executive at Carillion before it plunged into liquidation last year, is expected to be appointed as [...]
BMW to make engines for Jim Ratcliffe’s upcoming Land Rover Defender rival March 18, 2019 Car maker BMW has been tasked with supplying the engines for an upcoming rival to the Land Rover Defender built by chemicals giant Ineos. The so-called Project Grenadier will see Ineos, which is owned by Britain’s richest man Jim Ratcliffe, release a four-by-four range onto the market in mid-2021, commercial director Mark Tennant told City [...]
Norwegian Air chairman resigns after turbulence hits carrier March 18, 2019 The chairman of Norwegian Air Shuttle will resign his position after a turbulent time at a company. Bjorn Kise said he made the decision to “make room” for new talent. Read more: Norwegian Air to seek compensation for Boeing flight ban Speculation has raged over takeover offers, with British Airways owner IAG ruling out a [...]
Ride-hailing app Lyft set to raise $2bn in New York float March 18, 2019 Ride-hailing platform Lyft expects to raise as much as $2bn (£1.5bn) when it floats on the New York Stock Exchange later this month. In a filing the firm said its initial public offering (IPO) will consist of 30.7m shares priced between $62 and $68, meaning it could raise a total of $2.4bn. Read more: Lyft [...]
The answer to the UK’s renewable energy future is blowing in the wind March 18, 2019 The UK’s offshore wind sector is booming. Auctions for new capacity held in 2017 resulted in deals at half the price of those signed just two years prior, while we are seeing a steady drumbeat of new records relating to clean power production. Just last month, the world’s largest offshore wind farm began generating power. Anchored [...]
Oman Air beats British Airways to top Heathrow’s greenest airlines league March 18, 2019 Oman Air has topped Heathrow Airport's league of green and quiet airlines, beating rivals such as British Airways and Etihad Airways. Oman's flag carrier landed itself at the top of the league after it phased out its older aircraft and replaced it with the ultra-quiet and green Boeing 787 dreamliner. The Heathrow "fly quiet and [...]
Eurostar warns customers not to travel due to French custom worker strikes March 17, 2019 Eurostar has warned customers not to travel due to chaos caused by striking French customs workers in Paris. The operator cancelled four trains from Paris to London today will not run a further three services tomorrow, with disruption expected to continue until Wednesday. Read more: Eurostar sees 12 per cent growth in business passenger numbers Customs [...]
Government ferry contracts to cost millions more if Brexit is delayed March 16, 2019 The government will have to spend tens of millions of pounds more than it already has to maintain the ferry contracts it has in place for a no-deal Brexit, if as expected the UK's exit from the EU is delayed. The Department for Transport (DfT) agreed deals with three separate suppliers for additional freight capacity on ferries [...]
Heathrow boosts passenger numbers for 28th month in a row as London Fashion Week attracts tourists March 15, 2019 Heathrow Airport saw record rates of passenger traffic growth for the 28th month in a row in February as 5.48m travellers used the airport, up 1.7 per cent from the same time last year. The record-breaking streak was helped by London's Fashion Week, which invited visitors from 49 countries around the world to see collections from more [...]