Government report warns of Eurostar chaos in no-deal Brexit scenario February 22, 2019 Eurostar train services could face heavy disruption in the event of a no-deal Brexit, with a government report indicating that queues could reach up to 15,000 passengers each day. A report by the Department for Transport said in the worst case scenario the daily queue could stretch for almost a mile from St Pancras station [...]
Flybe completes sale to Virgin-led consortium after dramatic last-minute challenger bid February 21, 2019 Struggling regional airline Flybe has completed the sale of its assets to a consortium of buyers led by Virgin Atlantic. Flybe confirmed it has sold its assets and operations for £2.8m to Connect Airways, an investor group consisting of Virgin Atlantic, Stobart and hedge fund Cyrus Capital. The deal comes just days after it emerged [...]
EU opens investigation into scheme designed to keep British lights on February 21, 2019 European authorities will now investigate a British system designed to prevent energy blackouts, months after an EU court suspended the scheme. The so-called capacity market started last year, as the government tried to incentivise producers to meet peak demand. Read more: Ofgem price cap: What to do if your energy bills shoot up The system [...]
Uber Eats cuts app fees to compete with food delivery rivals Just Eat and Deliveroo February 21, 2019 Uber is to cut the fees it charges to restaurants that use its food delivery app in a bid to out-compete rivals such as Just Eat and Deliveroo. Uber Eats will reduce the commission it charges to restaurants that use its app from 35 per cent to 30 per cent, which it says makes it the most competitive delivery [...]
Revealed: These are London’s most stressful Tube stations February 21, 2019 There’s nothing that Londoners love more than hating the Tube – and their local Tube station, in particular. But thanks to new research by web conferencing firm Powwownow we can officially name and shame the very worst of the worst. Read more: Citymapper launches contactless London travelcard for commuters Powwownow crossed Transport for London (TfL) 2017-18 data [...]
Drone scare at Dublin Airport causes confusion, temporarily grounds flights February 21, 2019 A drone sighting on the airfield at Dublin Airport caused confusion and grounded all flights for around 15 minutes just before midday. Read more: Government extends 'no-fly zones' around airport runways after drone chaos Ireland’s biggest international airport said it would keep passengers updated on the situation. Flight operations have now resumed @DublinAirport following an [...]
Rail and bus firm Go Ahead upgrades full-year outlook despite drop in profits February 21, 2019 Profits at rail and bus operator the Go Ahead Group dropped by more than 50 per cent in the second half of last year due to the scrapping of its London Midland franchise and poor financial performance for Govia Thameslink Railway (GTR). However, although rail operating profit fell from £40.3m to £17.6m in the six months ending [...]
Ofgem price cap: What to do if your energy bills shoot up February 21, 2019 Around 11m customers are facing higher energy bills from April, as SSE became the last of the Big Six energy suppliers to hike tariffs this morning. The energy firms have said that they need to put up prices as they are squeezed by higher wholesale costs. Read more: Households told to cough up as Ofgem [...]
Electric avenue: SSE becomes last Big Six supplier to hike energy prices after Ofgem price cap rise February 21, 2019 The energy market completed the set this morning as supplier SSE became the last of the Big Six to say it will hike prices. The move comes exactly two weeks since Ofgem increased the rate which suppliers are allowed to charge customers on default tariffs for their energy. Read more: Ofgem price cap: What to [...]
British Gas owner Centrica sees shares fall to 20-year low as it warns of energy price cap hit to cash flow February 21, 2019 The owner of British Gas grew profits last year, but shares dropped 11 per cent this morning to a 20-year low as the company warned a new energy price cap will impact cash flow. The figures Revenue grew six per cent year on year to £29.7bn at Centrica and adjusted operating profit was up 12 per cent to [...]