Heathrow and London Luton airports break passenger records for November December 11, 2018 Both Heathrow and London Luton airports recorded their highest ever number of November passengers last month, as more travellers flew to and from the capital. The number of passengers travelling through Heathrow in November exceeded 6m for the first time this year, figures released by the airport today reveal. According to the London hub, the number of [...]
£10bn HS4Air project linking Heathrow and Gatwick airports ‘rejected’ by Department for Transport December 11, 2018 A £10bn project linking Heathrow and Gatwick airports, dubbed the ‘M25 for high speed trains’, has reportedly been rejected by the government. The scheme, called HS4Air, would have linked the High Speed 1 (HS1) and High Speed 2 (HS2) rail lines with Heathrow and Gatwick airports. But the New Civil Engineer today reported the Department [...]
Court rejects former Nissan chairman Ghosn’s appeal against extended detention December 11, 2018 A Tokyo court has rejected a complaint filed by former Nissan chairman Carlos Ghosn relating to his extended detention in Japan. Ghosn, who has been in jail since his arrest on suspicion of misconduct on 19 November, filed the complaint earlier today. But the Tokyo District Court swiftly rejected the appeal, according to local media [...]
Sadiq Khan blasts government for ‘forcing London to pay twice’ for Crossrail delay December 11, 2018 Transport for London (TfL) has admitted its fare income will be £2.1bn lower than expected as it battles a "perfect storm" of pressures on its finances. In its business plan for 2019-20 to 2023-24, TfL said a “subdued” economy and a £700m reduction in central government funding for challenges facing the organisation. It said fare revenue [...]
Crossrail crisis: Businesses react to £1.4bn bailout and further delay December 11, 2018 The crisis facing Crossrail deepened yesterday as Transport for London (TfL) confirmed that the delayed project could need up to £2bn in extra funding to keep afloat. Crossrail chief executive Mark Wild also admitted that the railway, which had already been delayed from December 2018 to autumn 2019, may not open until 2020. While the [...]
Can Interserve clean up its mess, or is it destined for the same fate as its failed rival Carillion? December 11, 2018 It feels like we’ve been here before, doesn’t it? It was almost a year ago when outsourcing giant Carillion collapsed, and now there are some worrying signs that rival FTSE firm Interserve could wind up suffering the same fate, serving a huge blow to UK businesses and the livelihoods of its 75,000 employees. On Sunday [...]
Former Nissan chairman Ghosn files complaint over detention in Tokyo December 11, 2018 Former Nissan chairman Carlos Ghosn has filed a complaint against the extension of his detention in Japan on financial misconduct charges. Ghosn was formally charged and re-arrested yesterday on fresh allegations of under-reporting his salary, meaning he is likely to remain in detention until the end of the year. The former chairman’s lawyer, Motonari Ohtsuru, [...]
Ashtead promises to beat expectations after US division cleans up following hurricanes December 11, 2018 Rental firm Ashtead saw revenue climb past the £1bn mark in its latest quarter as US division Sunbelt got a boost from the aftermath of two US hurricanes, scoring investors a healthy return on their shares. The figures Ashtead, which rents out industrial equipment like diggers and construction tools, recorded a 17 per cent year-on-year [...]
Crossrail crisis escalates as TfL confirms up to £2bn cost overrun and possible delay to 2020 December 10, 2018 The crisis facing Crossrail deepened today after Transport for London (TfL) admitted that the delayed project could need an extra £2bn in rescue funding to stay afloat. The Elizabeth Line, which will stretch from Heathrow in the west to Abbey Wood in the east, was projected to cost £15.4bn and to open by 9 December [...]
Asda to cut fuel prices for fourth week in a row December 7, 2018 Asda will cut the price of fuel for the fourth week in a row tomorrow, and for the sixth time since late October. Motorists will benefit from 2p off per litre of unleaded petrol and diesel from Saturday as wholesale costs continue to fall. It means motorists will pay no more than 114.7p per litre for unleaded and 125.7p [...]