Kier shares fall as outsourcer swings to £35.5m loss March 20, 2019 Kier has fallen to a £35.5m loss for the second half of 2018, but said it is in a stronger position after hitting up investors for £250m in a disastrous rights issue that missed its target at the end of last year. Read more: Embattled outsourcer Kier's net debt spirals again after 'accounting error' The figures [...]
Inmarsat shares take off after private equity firms make buyout offer March 20, 2019 Shares in British satellite firm Inmarsat soared more than 16 per cent in early trading after it revealed it is in talks with two private equity firms over a buyout deal. Inmarsat last night confirmed it is in discussions with Apax Partners and Warburg Pincus, which have tabled a cash offer of $7.21 (£5.43) per [...]
Tube delays: District Line and Circle Line hit with delays after Paddington signal failure March 20, 2019 Severe delays have hit the Circle and District lines this morning, leaving commuters to contend with travel chaos on their ways to work. Read more: Revealed: The Tube line with the worst delays A Paddington signal failure has left the District Line with severe delays between High Street Kensington and Edgware Road this morning. While [...]
Will Ryanair gain from turbulent O’Leary moving aside? March 20, 2019 Earlier this month, the chief of budget airline Ryanair, Michael O’Leary, announced he would be stepping back from the day-to-day running of the airline. O’Leary identified his reputation as a negative distraction to the airline’s business and that the move would be a chance to “reboot” the company’s public perception after “disappointing” profit announcements. O’Leary [...]
UK airlines, lorries and bus operators to travel to EU as normal in event of a no-deal Brexit March 19, 2019 UK airlines, lorries and bus operators will be able to travel to the EU as normal in the event of a no-deal Brexit. EU ministers today formally adopted laws that will mean lorries will not need permits for journeys into the EU until the end of 2019. Bus and coach operators that already have permission to [...]
EU aviation authority says it will not be swayed by US decision on Boeing’s grounded jet March 19, 2019 The EU's ban on the Boeing plane model that crashed in Ethiopia earthier this month will stay in place until it is satisfied with guarantees given by the manufacturer, the head of the bloc’s aviation regulator said today. Patrick Ky, executive director of the European Union Aviation Safety Agency (EASA), said the authority would look [...]
Rail review head Keith Williams says government role in industry ‘has to change’ March 19, 2019 The government's role in the UK railways will "have to change" if the industry is to become more customer-focused, the former boss of British Airways has said. Keith Williams, who was appointed to lead a "root and branch" review of the railways following last year's May timetable chaos, hinted that the Department for Transport (DfT) could take [...]
Ofgem boss admits he is worried over heating’s role in UK climate change plans March 19, 2019 The head of Ofgem has admitted he is “nervous” about the role of heating as the UK tries to meet its climate change obligations. The regulator’s chief executive, Dermot Nolan, said he is relatively sanguine about decarbonising transport and the power grid, but the UK will have a tougher time with its largely gas-powered heating [...]
Hyundai teams up with Russian tech giant Yandex to build driverless cars March 19, 2019 Hyundai has today moved up a gear in the global race to manufacture driverless cars, as it teams up with Russian tech giant Yandex. The announcement signals Hyundai’s intentions to move into the slipstream of rivals Toyota and Ford, who have teamed up with Softbank and Chinese internet giant Baidu respectively to work on autonomous [...]
UK must decarbonise heating, but not through hydrogen, Centrica boss says after government commitment March 19, 2019 Britain and other countries must remove carbon from their heating and cooling, British Gas owner Centrica said today, but warned a move to make the gas grid run on hydrogen is “unlikely to be practical”. Centrica chief executive Iain Conn said natural gas would be “crucial” in the transition to reducing carbon emissions, and that Britain [...]