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 [...]
We Work poaches Uber’s UK manager Tom Elvidge to serve as COO March 15, 2019 Uber's UK and Ireland general manager has left the ride-hailing app to join tech workspace firm We Work as its new chief operating office for Europe. Tom Elvidge is replacing current COO for Europe, Anthony Yazbeck, who will become COO of We Work International. “WeWork is a truly exciting company that's changing the way we work, live and [...]
Outsourcer Interserve falls into administration after shareholders reject rescue deal March 15, 2019 Interserve has fallen into administration after shareholders roundly rejected a rescue deal designed to relieve it of a more than £630m debt pile. The public outsourcer has announced it expects to fall into the hands of administrators after investors voted to reject its proposed deal by 59 per cent to 41 per cent at a general meeting this morning. Earlier [...]
Tesla launches new Model Y to enter SUV market March 15, 2019 Tesla has officially launched its second mass-market car, the Model Y. The electric vehicle was unveiled in Los Angeles on Thursday with the company announcing that the first release will be a long-range version at a price of $47,000 (£35,489). It will be able to travel up to 300 miles before it needs recharging, whereas [...]
Government pours nearly £600m into housing around Old Oak Common and Brent Cross stations March 14, 2019 Nearly £600m will be poured into housing projects near key railway stations, housing minister James Brokenshire has announced. Up to £250m will got towards the construction of up to 13,000 new homes close to the new HS2 railway station at Old Oak Common, near East Acton. The new station at Old Oak Common is set to open [...]
Energy firm Eon losing customers at ‘alarming rate’, report says March 14, 2019 The number of energy customers abandoning Eon is growing at an “alarming” rate, experts have warned, as the Big Six continues to lose out. Figures from Compare the Market show that nearly 22 per cent of customers who switched suppliers on the site came from Eon. Meanwhile only seven per cent of customers are switching [...]
Police discover unexploded Second World War bomb in no-deal Brexit lorry car park March 14, 2019 An unexploded bomb from World War Two has been found in the abandoned airport that is to be used as a lorry car park in a no-deal Brexit. Read more: ‘Wrecking ball’: Grayling refuses to resign over £33m Eurotunnel fiasco Police and army bomb disposal experts arrived at Kent’s Manston Airport this morning to investigate [...]
TfL boss Mike Brown ‘hid Crossrail testing issues’ from Sadiq Khan in weekly email update March 14, 2019 Transport for London (TfL) boss Mike Brown ordered references to the difficulties Crossrail was experiencing with dynamic testing to be removed from email updates sent to Sadiq Khan, it was revealed today. At a grilling by the London Assembly's transport committee, Howard Smith, operations director for TfL Rail and the Elizabeth Line, admitted he felt Crossrail ought [...]
Ports owner DP World increases revenue growth amid global expansion March 14, 2019 DP World’s shares rose six per cent today on the Nasdaq Dubai exchange on the back of the strong revenue growth revealed in its full year results. The ports operator's revenues were boosted by its 2018 global expansion which saw it spend $2.5bn on acquisitions in India, Peru and Denmark. Read more: DP World pays £322m for P&O Ferries [...]