Rail review head Keith Williams hints at compensation role for regulator March 12, 2019 The former British Airways chief executive tasked with a full-scale review of the railways has hinted that the industry regulator could be tasked with handling compensation claims. Keith Williams, who was appointed by the government to carry out the review in the wake of last year's May timetable chaos, suggested the rail industry could learn from the [...]
TfL saw London Underground thefts rise 25 per cent in 2018 March 12, 2019 Transport for London (TfL) rail services account for almost half of all thefts on trains nationwide, according to data out this week. A total of 4,448 Tube thefts occurred in 2018, up 25 per cent on 2017's 3,500 incidents, while all TfL services together saw a 27 per cent rise to 4,877 thefts. Read more: Buying [...]
Tube delays: Commuters hit by signal failure on Jubilee Line March 12, 2019 Commuters faced severe delays on the Jubilee Line this morning after disruption threatened to play havoc with their journeys into work. Read more: Revealed: These are London's most stressful Tube stations A signal failure at Waterloo led to severe delays across the entire line this morning, with Transport for London (TfL) advising passengers that their [...]
Siemens commits to building Goole factory ‘whatever the Brexit outcome’ March 11, 2019 Industrial giant Siemens has confirmed its commitment to building a factory in Goole, east Yorkshire, despite jitters in the manufacturing sector over Brexit. Siemens' head of rolling stock William Wilson told City A.M. that the firm, which won a £1.5bn contract to build Transport for London's (TfL) new Piccadilly Line trains, is "committed to building our [...]
Boeing shares plunge as airlines ground planes following fatal Ethiopian Airlines crash March 11, 2019 Shares in Boeing fell more than 11 per cent as the New York Stock Exchange opened as airlines grounded planes following yesterday’s fatal Ethiopian Airlines crash. China’s airline regulator called for all Boeing 787 Max 8 domestic flights to be suspended, while Ethiopian Airlines and Cayman Airways have also grounded the model after one of the [...]
Thousands of customers left in limbo as Brilliant Energy becomes the latest supplier to go bust March 11, 2019 Brilliant Energy Supply has become the third provider to go bust so far this year, as companies struggle with rising wholesale costs, and Ofgem’s new price cap. The regulator will now have to step in to find a new supplier for the company’s 17,000 customers, a process it has been forced to go through nearly [...]
Network Rail urges passengers to plan Easter travel ahead of upgrade works March 11, 2019 Network Rail has urged passengers to check their travel plans this Easter as it invests more than £100m in railway upgrades. Network Rail, which manages Britain's railway network, said most routes would be open for "business as usual" travel as majority of the network is unaffected by upgrade work, but still warned those getting away for [...]
Tesla hikes vehicle prices as it scales back drastic store closure plan March 11, 2019 Tesla will raise the prices of its high-end vehicles by roughly three per cent as it scales back a controversial plan to close most of its stores. The electric car manufacturer said the price hike will apply to the more expensive variants of the Model 3, as well as Model S and X, but not [...]
Tokyo court blocks Ghosn’s request to attend Nissan board meeting March 11, 2019 A Tokyo court has denied former Nissan boss Carlos Ghosn’s request to attend the company’s board meeting tomorrow, Reuters reported, citing local media. The ousted car executive had sought permission from the Tokyo District Court to attend the meeting, paving the way for a dramatic confrontation with his former colleagues. Read more: Former Nissan boss [...]
Carlos Ghosn seeks permission to attend Nissan board meeting March 11, 2019 Former Nissan boss Carlos Ghosn is seeking permission from a Tokyo court to attend the car manufacturer’s board meeting tomorrow, Reuters reported, citing his lawyer. Ghosn, who was released last week on bail of ¥1bn (£6.85m), has applied to the Tokyo District Court for permission to attend the meeting, his lawyer Junichiro Hironaka told reporters. [...]