Flybe shares crash as it issues profit warning on rising losses October 17, 2018 Shares in budget airline Flybe plummeted this morning, after the UK company issued a full-year profit warning in a trading update ahead of its results for the first six months of 2018. Flybe's share price plunged a staggering 37.8 per cent as markets opened this morning, wiping over £20m off its market capitalisation. The airline said higher [...]
Paddington travel chaos: Commuters told to avoid station as power line failure leaves train services suspended October 17, 2018 Commuters faced a travel nightmare this morning, with Paddington station plunged into chaos after a Hitachi train reportedly caused damage to 500m of electrical power lines during a test last night. The Heathrow Express service from Paddington and trains to and from Reading are not running due to faults with the overhead power lines near [...]
Regulator hits Audi with €800m fine for diesel emissions offences October 16, 2018 German prosecutors fined Audi €800m (£702m) today for breaking regulatory rules on V6 and V8 diesel engine emissions. Audi accepted the fine, admitting responsibility for failing to correctly monitor the engines’ emissions. Read more: Volkswagen deliveries drop as new emissions testing hits In a statement, the company warned the penalty would “significantly undercut major financial [...]
Half of trains delayed or cancelled: London’s worst train station revealed October 16, 2018 Clapham Junction has been revealed as the worst train station in London with more than half of all trains running late or being cancelled so far this year. Research conducted by Which? found that South Western, with 60 per cent of trains late or cancelled, and Southern, 58 per cent, were the worst rail operators [...]
Volvo shares slump after warning some vehicle engines may exceed emissions limits October 16, 2018 Volvo shares have slumped after the company warned some of its vehicle engines could be exceeding emissions limits due to a faulty component. The Swedish truck maker said the overall cost of the problem “could be material”. It said an emissions control component was degrading more quickly than expected reducing its ability to convert nitrogen [...]
Travel alert: London Overground hit by severe delays October 16, 2018 Rail disruptions have hit London Overground commuters this morning. Severe delays are affecting routes between Clapham Junction and Stratford and Richmond and Stratford. Read more: Earl's Court Station evacuated as person on track airlifted to safety Transport for London (TfL) said tickets will be accepted on the Tube and bus services, though a good service [...]
Tube strike: Industrial action to affect Piccadilly Line again in November October 15, 2018 The Piccadilly Line will be hit by strike action next month, the Tube workers’ union RMT confirmed today, as staff prepare to walk out again over an “aggressive and bullying management culture”. The line, which spreads across north and west London, will be shut down for 24 hours from midday on 7 November as staff [...]
Land speed record-chasing Bloodhound car project goes into administration October 15, 2018 The project to break the land speed world record has been placed into administration after it was revealed it needed £25m to keep going. The Bloodhound project aims to hit speeds of 1000 mph at a purpose-built track in South Africa. It has already reached 200mph in test runs. The project, which was founded in 2007, [...]
Government is set to slash hybrid car subsidies as it focuses on pure electric power October 12, 2018 The Department for Transport (DfT) is cutting subsidies available for customers purchasing plug-in hybrid vehicles, as the government looks to shift consumer focus towards pure electric models instead. From next month, buyers of cars that emit less than 50 grams per kilometre of CO2 and have a zero-emission range of at least 70 miles will see [...]
Tube delays: Severe delays hit Jubilee Line, Victoria Line and London Overground during rush hour October 12, 2018 Commuters were facing travel chaos this morning as two London Underground lines experienced severe delays due to fires. Severe delays hit the Victoria Line following a fire alert and faulty train at Brixton station. London buses, South Eastern and South Western rail services will accept Underground tickets. London Overground services are also suspended between Surrey Quays and [...]