For sale: Pipes burst at Utilitywise as £10m rescue attempt fails January 28, 2019 The water mains burst at Utilitywise today as the firm put itself up for sale after failing to raise £10m from investors. Two thirds of the company’s value was flushed away, with shares dropping to 1.88p, a far cry from its heights of around 370p in March 2014. Read more: Bills could change more than ever [...]
Car thieves can steal 230 keyless vehicles with a relay attack, warns consumer group Which January 28, 2019 Four of the UK’s five most popular cars can be stolen by thieves due to a flaw in keyless unlocking systems, it is claimed. Hundreds of keyless car models are susceptible to a so-called relay attack, which allows car thieves to mimic the passive keyless entry systems to gain access to vehicles, according to consumer group [...]
Alstom and Siemens offer concessions to win EU support for proposed merger January 28, 2019 Transportation giants Siemens and Alstom have put forward a number of concessions they hope will allay the concerns the European Commission holds over its proposed merger. Alstom and Siemens want to combine to create a new powerhouse with an estimated revenue of €15.3bn (£12.9bn). The commission has raised concerns that the two companies will be so dominant in [...]
Airline Flybe soars as major shareholder calls for chairman’s head after Virgin deal January 28, 2019 A row over the future of Flybe is set to escalate as the company threw its support behind chairman Simon Laffin days after its biggest shareholder called on him to step down. Last week Flybe’s shares plummeted by as much as 47 per cent as the airline said it was pushing ahead with a 1p-a-share [...]
Gospel Oak to Barking line users to receive a month of free travel following train delays January 27, 2019 Users of the troubled Gospel Oak to Barking route will receive a month's worth of free travel after suffering sustained periods of disruption from the delayed introduction of new trains on the line. Software issues with manufacturer Bombardier have meant that a new fleet of Class 710 trains, which were due to be introduced last [...]
Flybe shareholder demands EGM in bid to oust chairman as row over cut-price sale continues January 26, 2019 Flybe’s largest shareholder have requisitioned an extraordinary general meeting (EGM) next week where they will demand the company’s chairman be sacked. Hosking Partners owns just under 19 per cent of Flybe and are contesting the cut-price sale of the struggling airline to a consortium that is led by Virgin Atlantic. The aim of the meeting [...]
Energy supplier Our Power “ran out of cash” as investors ran scared after string of bankruptcies in sector January 26, 2019 Failed Scottish energy provider Our Power “ran out of cash” the company’s chairman said just hours after being forced to admit defeat in the battle for its survival. Our Power, which serves 38,000 customers mainly in Scotland and Wales, became the eleventh small supplier in a year to close its doors yesterday as rising wholesale [...]
Our Power collapse: What to do if your energy supplier fails January 25, 2019 Our Power has added its name to a long list of small energy suppliers to go out of business in the past year. It joins Economy Energy, One Select, Spark Energy, Extra Energy, Usio Energy, Electraphase Energy, National Gas & Power, Iresa Energy, GEN4U, and Future Energy. Here’s our guide to what to do when your [...]
Customers left in limbo as Scottish-government backed energy supplier goes out of business January 25, 2019 Around 38,000 customers were been left in limbo today after a Scottish energy supplier became the eleventh provider to go out of business in just a year. Ofgem has encouraged those affected by Our Power’s collapse to sit tight as it works to find a new supplier to take over their accounts. Customers’ credit balances are [...]
Volkswagen invests £750m in electric battery manufacturing ahead of e-vehicle mass production January 25, 2019 Volkswagen is to start making electric car batteries and charging points, as it readies itself to mass produce electric vehicles in the coming years. The German car maker said today it will invest $870m (£754m) by 2020 in developing parts for electric cars, adding its batteries operation would make new battery cells as well as [...]