Flybe’s ultimatum to shareholders over controversial Virgin bid sends shares crashing February 8, 2019 Flybe’s low-flying shares lost up to a quarter of their value this morning after the struggling airline’s board warned investors it would wind up the company if they do not approve an unpopular takeover. Shares trimmed their losses to stand 18 per cent down at 2.59p as investors reacted to the ultimatum delivered after the [...]
South Western commuters face more strike misery with fresh dates announced February 7, 2019 Fresh strikes are set to hit commuters on South Western Railway routes in February and March, a union warned today. The RMT union said it secured a fresh mandate for industrial action in a long-running dispute over a reduction in the number of guards on South Western trains. Read more: Ryanair profits slide as strike [...]
Westminster council victorious as court rejects TfL appeal over blocked CS11 cycle superhighway February 7, 2019 Transport for London (TfL) will not be able to build its proposed CS11 cycle superhighway at Swiss Cottage after it lost an appeal against a decision by Westminster council to block its construction last year. The Court of Appeal yesterday upheld an earlier ruling that TfL could not proceed with the CS11 without considering traffic and [...]
160 jobs at risk as EDF pulls out of Nottinghamshire coal plant February 7, 2019 French energy giant EDF will power down a 2GW coal-fired generating plant after half a century of service, the company said today, putting 158 jobs at risk. The Cottam power station in North Nottinghamshire will close its doors in September, after becoming economically unviable. Read more: Business groups worried as Hitachi pulls out of Welsh [...]
Renault will alert prosecutors over costs for Carlos Ghosn’s Versailles wedding February 7, 2019 French car firm Renault will alert prosecutors over a sponsorship deal with the Palace of Versailles which included a €50,000 (£43,720) benefit to its ousted boss Carlos Ghosn. Renault’s internal probe, launched after Japanese authorities arrested Ghosn in November, has “identified that Mr Ghosn was accorded a personal benefit valued at €50,000 under the terms [...]
Commuters hit with severe morning delays on Metropolitan and Piccadilly lines February 7, 2019 Commuters continue to be severely disrupted by delays to the Metropolitan and Piccadilly lines due to signalling problems. The Metropolitan Line was hit with severe delays this morning after a Tube driver went through a red light at Harrow-on-the-Hill forcing following trains to be stopped as a safety procedure. https://twitter.com/metline/status/1093451576574988288 Got held up at #Harrow On [...]
Qantas drops order for eight Airbus superjumbo jets February 7, 2019 Australian airline Qantas has cancelled an order for eight Airbus SE A380 superjumbo jets, in the latest blow for the model. “Following discussions with Airbus, Qantas has now formalised its decision not to take eight additional A380s that were ordered in 2006,” a Qantas spokesman said. Read more: Boeing and Airbus to deliver $4.3bn worth of [...]
Tube delays: Severe delays hit Circle Line and Hammersmith & City Line with London Overground part suspended February 7, 2019 Severe delays were affecting three London lines this morning as commuters made their way to work. Read more: Watchdog bans Red Bull Tube ad telling workers to clock off early A signal failure at King’s Cross was behind severe delays on both the Circle Line and the Hammersmith & City Line this morning – both [...]
Growth set to slow at Norwegian Air as carrier puts profits front and centre February 7, 2019 The pilots at Norwegian Air have taken their foot off the accelerator, with growth set to slow as it tries to put profits ahead of expansion. The low-price airline said growth will ease up from 18 per cent in the first quarter of this year to minus one per cent in the final quarter. It [...]
Households told to cough up as Ofgem raises energy price cap by over £100 February 7, 2019 Households could be left more than £100 out of pocket each year as Ofgem hikes up the price it lets suppliers charge for energy. The regulator said this morning it will increase the government's energy price cap, which was meant to save customers from rip off deals, by £117. Read more: Ofgem price cap: What [...]