Siemens and Alstom merger plans blocked by EU antitrust regulators February 6, 2019 A planned merger between Siemens and Alstom has been stopped in its tracks after EU regulators rejected the deal due to competition concerns. The transportation giants had put forward plans to create a combined company with revenues of roughly €15bn (£13.2bn). Read more: Alstom and Siemens offer merger concessions to get EU on side But [...]
Britain needs more competition to get the railways back on track February 6, 2019 When the word “privatisation” is mentioned in the same sentence as “rail”, even some Tories feel a spurt of red go through them. At the forefront of their minds must be the fact that the broader public – about 56 per cent – have expressed support for nationalisation. But when asked why it is that people [...]
Norwegian air passenger growth flags in January February 6, 2019 Shares in Norwegian Airlines dipped this morning as the budget carrier revealed that passenger growth fell last month. The airline, which saw shares drop almost three per cent this morning, expanded its capacity in January by 27 per cent, however total passenger traffic grew by 18 per cent, missing Reuters passenger growth forecast of 20.1 [...]
Interserve directors face being pushed out as rescue deal finally surfaces February 6, 2019 Interserve shareholders have launched a controversial bid to oust eight senior directors after the firm announced the details of a rescue deal designed to avoid it facing the same fate as Carillion. After nearly two months of waiting, the struggling outsourcer this morning published details of the deleveraging plan designed to relieve the majority of [...]
Renault-Nissan-Mitsubishi alliance considering self-driving tie-up with Google’s Waymo February 5, 2019 A trio of major vehicle manufacturers is said to be in advanced talks with Google's autonomous driving unit Waymo on utilising the division's tech for transport services. The Renault-Nissan-Mitsubishi alliance is exploring a tie-up with Waymo in which the two parties would develop self-driving taxis as well as other mobility-as-a-service infrastructure, the Nikkei reported today. The [...]
HS2 releases CGI images of Old Oak Common station design February 5, 2019 HS2 has released a batch of images showing what the Old Oak Common interchange will look like once the high speed railway opens in 2026. HS2 says the interchange will create 65,000 jobs and 25,500 homes when it opens. It is set to become the best connected rail station in the UK, offering connections to the £17.6bn [...]
TfL urged to be ‘open’ with Londoners about Northern Line extension delay February 5, 2019 Transport for London (TfL) has been told to be "open" with Londoners about the reasons behind the Northern Line extension delay after boss Mike Brown said a revised opening date would have "no material impact" on its revenues. The extension, which will lengthen the Northern Line to Battersea and create 25,000 new jobs and 20,000 new homes, was scheduled to open next [...]
UK new car sales fall as electric and hybrid cars surge in popularity February 5, 2019 New car sales in the UK dropped fell in January as demand for diesel cars collapsed while hybrid and electric cars surged in popularity, industry figures released today show. The 1.6 per cent year-on-year drop follows a five month decline in sales, data from the Society of Motor Manufacturers and Traders (SMMT) reveals. Read more: DEBATE: [...]
Two thirds of Brits will switch energy supplier if price cap rise hits bills February 5, 2019 British households are preparing to shop around in anticipation of a rise to the government’s energy price cap later this week. Two thirds of Brits said they would switch suppliers if bills go up in the wake of the price cap increase, research from Opinium shows. Read more: Bills could change more than ever under government's [...]
The new 26-30 railcards have saved millennials over £3.4m since they launched in January February 5, 2019 Cash-strapped millennials have saved over £3.4m since the hotly anticipated 26-30 railcard launched at the beginning of this year. Between 2 January and 2 February this year, 440,863 journeys were made with the railcard, producing savings of £3,421,028. If this trajectory continues, customers will save on average a total of £281 a year. The 26-30 railcard, [...]