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      HSBC set to launch $1bn buyback despite revenue miss

      HSBC could be set to follow peers Lloyds and Barclays in a push back to the office.

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      Exclusive: Prem Rugby CEO set for US trip to woo banks and private equity

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Transport & Infrastructure

  • Sports carmaker McLaren achieves record-breaking year for global sales

    January 7, 2019

    Global sales at British luxury sportscar brand McLaren reached record-breaking levels last year, thanks to growth in the UK, North American and Chinese markets. Global sales rose to 4,806 cars in 2018, up 43.9 per cent on 2017, another record for the company which has increased sales every year since its formation in 2010. McLaren's UK domestic market generated [...]

  • Amazon bolsters its fleet of cargo aircraft to further expand delivery business

    January 6, 2019

    Amazon has bolstered its fleet of planes to further expand its delivery business as it goes up against cargo airline giants FedEx and UPS. The tech giant has agreed to lease a further 10 Boeing 767 aircraft to expand its Amazon Air network. The move takes the company’s fleet to 50 and grows its partnership [...]

  • Heathrow proposes up to 25,000 more flights a year

    January 5, 2019

    Heathrow is planning to allow an extra 25,000 flights a year to increase capacity ahead of the opening of a third runway. Annual flight numbers could exceed 500,000 for the first time if the airport cancels the limit introduced as part of the planning permission for Heathrow’s Terminal 5 in 2001, the Times reported. During [...]

  • Ryanair named ‘worst short-haul airline’ for sixth year in a row

    January 5, 2019

    Ryanair has been named the UK’s worst short-haul airline for the sixth year in the row. A passenger survey, carried out by Which, put the Irish budget airline at the bottom of 19 carriers flying from the UK. Ryanair achieved a customer score of 40 per cent compared to a 63 per cent score for [...]

  • Government considers expanding drone exclusion zone around airports after Gatwick chaos

    January 5, 2019

    The government will consider expanding the drone exclusion zone around UK airports from 1km to 5km in the wake of the disruption at Gatwick Airport just before Christmas. The use of unmanned aerial vehicles is set to be further restricted following a consultation on drones, to which the government will issue a response before the end of [...]

  • Cars, lorries and taxis to be banned from Tottenham Court Road as part of £35m revamp

    January 4, 2019

    Cars, lorries and taxis will be banned from Tottenham Court Road as part of a £35m project to improve the West End. The road will be open to buses and bikes only between 8am and 7pm, Monday to Saturday, in a bid to reduce congestion and air pollution and speed up bus routes. The changes, [...]

  • Government finds 150 lorries to test Dover crossing congestion in case of no-deal Brexit

    January 4, 2019

    Operation Brock, the system designed to minimise disruption at the border in the event of a no-deal Brexit, will be tested for the first time next week. A total of 150 HGV lorries will trial the route from Manston Airport to Dover as part of the Department for Transport’s contingency planning for the UK’s departure from [...]

  • Eurostar celebrates new Netherlands train service with Amsterdam-style canal bridge at St Pancras station

    January 4, 2019

    Eurostar has built a mock Amsterdam canal bridge at St Pancras station today to mark the introduction of its third daily high-speed rail service to the Netherlands. The train service from London to Rotterdam and Amsterdam will start on 11 June 2019 after Eurostar first opened its route to the Netherlands last April. “Our new [...]

  • Gatwick and Heathrow spend millions on anti-drone equipment after Christmas travel chaos

    January 4, 2019

    Gatwick and Heathrow are spending millions of pounds on anti-drone technology after drones disrupted thousands of passengers in the run-up to Christmas. The airports, which are the two busiest in the UK, have invested in military-grade equipment designed to jam drone signals. Read more: Drones, AI and 5G: Our tech predictions for 2019 A spokesperson [...]

  • Unite union set to take legal action against Monarch over 450 job losses

    January 4, 2019

    Union Unite is preparing to take legal action after around 450 workers were made redundant following the collapse of Monarch Aircraft Engineering (MAEL) this morning. The union said it would seek compensation on behalf of its members over the company’s alleged failure to consult with staff and called for an urgent meeting with administrators KPMG. Work [...]

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