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      Barclays and Lloyds shares surge on reports bank tax will be ‘lower than expected’

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      Real Madrid aim to mend Mbappe diplomatic row with grovelling apology to China

      Kylian Mbappé in a white jersey with number 10, celebrating with a teammate on a soccer field.

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      Autumn Budget 2026: In defence of cheaper gherkins, nature’s Ozempic

      Close-up of a pile of fresh, bumpy green gherkins, possibly related to the Autumn Budget 2026.

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Transport & Infrastructure

  • Former Nissan chairman Carlos Ghosn to appear in Tokyo court for detention hearing

    January 4, 2019

    Former Nissan chairman Carlos Ghosn will appear in a Tokyo court after his lawyers requested a hearing to explain the reason for his detention. Ghosn, who has been held in Japan since 19 November, will appear in the Tokyo District Court within five days, according to local media reports. Lawyers for the embattled executive petitioned [...]

  • Hundreds of jobs lost as Monarch airline’s engineering business collapses

    January 4, 2019

    The engineering arm of Monarch airlines has gone into administration resulting in the loss of almost 500 jobs. Work at Monarch Aircraft Engineering’s (MAEL) base maintenance business, which undertakes aircraft overhaul and major heavy maintenance programmes, will be suspended immediately and around 250 employees have been made redundant. A further 200 members of staff based [...]

  • Volvo facing £600m hit over concerns engines exceed emissions limit

    January 4, 2019

    Volvo has set aside 7bn Swedish krona (£616m) to fix issues with some of its engines amid concerns they could exceed emissions limits, the company has said. The Swedish car manufacturer last night said the costs relate to the testing of vehicles, statistical analysis and dialogue with relevant authorities. “The next step will be to [...]

  • DEBATE: Is transport secretary Chris Grayling right to blame the unions for rail fare hikes?

    January 4, 2019

    Is transport secretary Chris Grayling right to blame the unions for rail fare hikes? Duncan Simpson, policy analyst at the TaxPayers’ Alliance, says YES. This week’s fare rise is, quite understandably, infuriating for many commuters. But passenger outrage is being misdirected. Huge progress has been made since privatisation: passenger numbers and overall satisfaction are up, and [...]

  • Delays at UK’s busiest airports cost business passengers £500m last year, new data reveals

    January 3, 2019

    UK business passengers lost more than half a million days to delays at Britain's 10 busiest airports last year, at a cost of around more than £500m to their pockets. When combined with delays to leisure passengers the figure rise to 2.5m days lost, costing travellers £1bn. Data from air travel intelligence company OAG shows that delays at Heathrow [...]

  • Sir Terry Morgan to appear at London Assembly grilling over lead-up to Crossrail delay

    January 3, 2019

    Former Crossrail chairman Sir Terry Morgan will give his account of the events leading up to the announcement of project's delay after Sadiq Khan accused him of "misremembering events". Morgan, who was ousted from his role in December, will appear before the London Assembly's transport committee next Wednesday as it probes his account of events leading [...]

  • Aviation regulator grants Ryanair UK air operator licence to continue flights in no-deal Brexit

    January 3, 2019

    The aviation regulator has granted budget airline Ryanair with a UK air operator certificate that will allow it to operate flights within the UK and to non-EU routes in the event of a no-deal Brexit. The Irish airline said the risk of a no-deal Brexit was rising and repeated its call for the UK and EU to agree [...]

  • TfL has the worst gender pay gap of all of City Hall’s agencies, new data reveals

    January 3, 2019

    The gender pay gap at Transport for London (TfL) grew to 21.5 per cent last year – the only City Hall body to have seen an increase in the difference between men and women’s average hourly earnings. Last year the gender pay gap at TfL, which is chaired by London mayor Sadiq Khan, increased by 1.8 [...]

  • Army withdraws anti-drone equipment from Gatwick following Christmas travel chaos

    January 3, 2019

    Military equipment installed at Gatwick to stop drones disrupting flights has now been removed, the Ministry of Defence (MoD) said today. The army was deployed to the airport shortly before Christmas to help bring an end to the saga that affected roughly 1,000 flights. Israeli-developed systems designed to jam drone signals were reportedly among the military-grade [...]

  • Shares up after construction firm Costain’s order book hits a record £4.2bn

    January 3, 2019

    Shares in Costain are up more than five per cent after the construction and engineering company announced today that it finished the year with a record-breaking order book of £4.2bn. In a trading update the firm, which is a major supplier to Network Rail and Highways England, said it had an order book of £4.2bn, up from [...]

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