UK car sales slump again in October despite growth in hybrid car sales November 5, 2018 New car sales fell by 2.9 per cent in October as the industry continues to grapple with strict new emissions standards and confusion over diesel policy. Figures released today by the Society of Motor Manufacturers and Traders (SMMT) show new vehicle registrations fell to 153,599 in October. Overall, the new car sector remains down by [...]
Uber launches new subscription service across five US cities November 4, 2018 Ride-hailing app Uber has rolled out a new subscription scheme across five US cities. Based on subscriptions, the new ride pass will allow members to avoid surge pricing, when fees peak at rush hour and at other times when demand is high. The lowest monthly subscription comes in at $14.99 (£11.55) in Austin, Denver, Miami and Orlando, while [...]
Ineos billionaire reportedly plans to build Land Rover Defender rival at Ford factory, saving 1,100 jobs November 2, 2018 Chemical company Ineos is reportedly in talks with Ford to build its proposed Land Rover Defender rival at the car manufacturer’s Bridgend site. It is proposing to use the portion of the of the Bridgend facility currently occupied by Jaguar Land Rover to assemble the Defender, according to a report citing three people close to [...]
Crossrail chief executive to step down as London Underground boss called in for ‘complex’ final stages of delayed project November 2, 2018 Crossrail chief executive Simon Wright will step down later this year after the government said it would bail out the delayed project with a £350m loan. Transport for London said Wright, who took the role in March, would step down by the end of the year “as planned” and be replaced by London Underground managing director [...]
Peak times: Virgin Trains scraps Friday afternoon peak fares November 2, 2018 Virgin Trains has scrapped its Friday afternoon peak-hour restrictions from London Euston station in a bid to ease overcrowding. The policy comes in the wake of growing commuter frustration over Friday evening travel, with passengers having to stand for hours amid the huge demand for the first Friday night off-peak trains at 7pm. Having trialled the [...]
From today you have to pay extra for your Ryanair hand luggage November 1, 2018 Ryanair's controversial new hand luggage rules take effect today, with customers having to pay extra if they want to take a small carry-on bag on board. For many airlines, two pieces of hand luggage are free of charge and already included in the price. But Ryanair passengers must pay £6 to add a 10kg cabin [...]
Tube delays: Northern Line running with severe delays after faulty train November 1, 2018 Severe delays have hit the Northern Line this morning, spelling a difficult journey in for commuters. Services between Morden and Camden Town on the Northern Line’s Bank branch are subject to the delays after an earlier faulty train at Balham. A good service is running on the rest of the line, Transport for London said. [...]
Airbus shares fly higher as profits grow despite ongoing order backlog October 31, 2018 Airbus’s shares rose almost five per cent today after it posted higher-than-expected third quarter earnings. Net profit at Europe’s largest aerospace group increased by 210 per cent year-on-year to €953m (£845.2m), while revenue for the quarter was up 20 per cent to €15.4bn. Earnings before interest and taxes came in at €1.58bn, higher than the €1.44bn that analysts [...]
British jets scrambled to investigate Russian planes October 31, 2018 British jets were scrambled earlier today to investigate suspected Russian fighter plans flying close to UK airspace. “Typhoon fighters … were scrambled today as a precautionary measure against a potential incursion into UK area of interest by one or more unidentified aircraft,” a spokesman for the Ministry of Defence (MoD) told Reuters. “At no time was [...]
Jaguar Land Rover begins £2.5bn turnaround plan after second consecutive quarter of losses October 31, 2018 Bosses at Jaguar Land Rover embarked on a £2.5bn turnaround plan this afternoon, in an attempt to stem a rising tide of losses and lower sales at Britain’s largest car maker. Fears of job cuts swelled today in the wake of the firm’s strategy to slash costs by £1bn over the next 18 months. The [...]