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      FTSE 100 Live: Stocks to dip, oil falls as Strait of Hormuz outlook improves

      North Sea oil terminal with storage tanks and docking facilities under a clear sky, highlighting energy infrastructure.

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      Silverstone safe amid MotoGP calendar shake-up, chiefs insist

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      Poolhouse at Square Mile City, Liverpool Street with modern architecture, reflecting vibrant urban development

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Transport & Infrastructure

  • Elizabeth Line trains will not reach Heathrow until ‘early 2019’

    October 11, 2018

    Elizabeth Line trains will not be used on the route to Heathrow Airport until "the early months of next year", Transport for London (TfL) has said. Howard Smith, TfL's director of operations for the Elizabeth, today told a Policy Forum for London conference today that TfL was still using Heathrow Connect units as the testing had [...]

  • Crossrail 2 boss Michele Dix says she would like tax rises to fund £30bn project

    October 11, 2018

    The managing director for Crossrail 2 Michele Dix has said she would personally favour a rise in taxes to fund the proposed £30bn project. Crossrail 2 is a proposed route in the south east which would run from nine stations in Surrey to three in Hertfordshire, across London. It would connect the South Western main line to [...]

  • BMW prepares to plough billions into Chinese joint venture

    October 11, 2018

    BMW is prepared to spend big in order to take control of Brilliance Automotive (BBA), its joint venture in China, it emerged today. The German manufacturer is set to part with €3.6bn (£3.14bn) to up its stake in the company from 50 per cent to 75 per cent, and will also invest more than €3bn to [...]

  • MPs call for £25m funding injection to extend Elizabeth Line to Kent

    October 11, 2018

    MPs and council leaders have called for a £25m funding injection to extend the delayed Elizabeth Line to Ebbsfleet. A cross-party group of MPs, including former defence secretary Michael Fallon, Labour MP Teresa Pearce and Tory MP David Evennett, submitted their Budget submission to rail minister Jo Johnson this morning, in which they asked for the funding injection before the [...]

  • Aer Lingus chief executive to step down at the beginning of next year

    October 11, 2018

    Aer Lingus chief executive Stephen Kavanagh is to step down next year, when he will be replaced by British Airways director Sean Doyle. Kavanagh, who has led the IAG-owned airline since 2015, will step down on 1 January 2019 but will remain on the airline's board as a non-executive director. He will be succeeded by Doyle, who is currently British [...]

  • Competition watchdog investigates British Airways’ transatlantic flight agreement

    October 11, 2018

    An investigation into British Airways’ revenue-sharing partnership on transatlantic flights is underway, a watchdog announced today. The decade-old Atlantic Joint Business Agreement sees BA, American Airlines, Iberia and Finnair split revenue on all passenger routes between Europe and the US. Read more: Moody's: BA and Easyjet among airlines 'most exposed to a no-deal Brexit' The European [...]

  • Theresa May’s crude policy is the wrong way to manage immigration

    October 11, 2018

    The government's announcement of a new immigration policy post-Brexit has at least the merit of providing a clearer sense of direction – assuming Brexit happens and does so in a reasonably orderly way (which are some big “ifs”). The news also provides an opportunity to think, from first principles, what a sensible immigration policy should [...]

  • Severe delays hit commuters on District Line and Piccadilly Line due to a person on the track

    October 11, 2018

    Severe delays have struck the District Line and Piccadilly Line this morning due to a person on the track. The District Line is suspended between Turnham Green and Ealing Broadway due to the incident, with tickets being accepted on local bus routes and South Western Railway. Severe delays also hit the Piccadilly Line, which is [...]

  • Cooper Tire Europe set to axe 300 jobs at Wiltshire factory

    October 10, 2018

    Three hundred employees face redundancy after an historic tyre factory in Wiltshire announced plans to shift the majority of its production abroad in order to cut costs. Cooper Tire Europe (CTE) currently employs 732 people at its factory in Melksham, which is more than 100 years old. The business, which is part of the US-based [...]

  • Passenger numbers soar to 1.5m at London Luton Airport

    October 10, 2018

    London Luton Airport has hit a new milestone after experiencing its busiest September ever with more than 1.5m passengers travelling through it last month. It marks the 20th consecutive month that the London-based airport has welcomed more than 1m passengers and represents a 3.9 per cent increase on the same month last year as demand [...]

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