Uber considers minority stake sell-off for self-driving unit October 17, 2018 Uber is reportedly considering multiple offers for minority shareholdings in its self-driving unit, as the company attempts to resolve any high-cost ventures before it goes public next year. Sources told the Financial Times that Uber had received interest from several investors looking to buy a minority stake in its Advanced Technologies Group (ATG), which could see [...]
TfL and Westminster council face another clash in court over blocked CS11 cycle superhighway October 17, 2018 Transport for London (TfL) and Westminster city council could face another clash in court over a decision to block a cycle superhighway project in north-west London. Construction of the cycle superhighway 11 (CS11) came to a grinding halt in August after Westminster council mounted a successful legal challenge against the project, which is intended to link Swiss Cottage [...]
Ryanair boss warns planes could be grounded for up to three weeks in event of hard Brexit October 17, 2018 Ryanair boss Michael O'Leary has said a hard Brexit could ground planes for up to three weeks as the prime minister heads to Brussels for a crunch meeting with EU leaders to break the impasse in the negotiations. O'Leary said that while the grounding of planes for a "week, two weeks, three weeks" would be "painful", [...]
Tube delays: Severe delays hit Metropolitan Line and District Line amid travel disruption October 17, 2018 Severe delays are affecting the Metropolitan Line and District Line this morning, with minor delays hitting four other Tube lines. The entire track of the Met line is affected due to a faulty train at Finchley Road earlier today, with Transport for London (TfL) telling commuters that their tickets will be accepted on local bus [...]
Uber launches new UK safety features as employment appeal looms October 17, 2018 Ride-hailing firm Uber has today launched a slate of new safety features in the UK and 23 other European countries, as it heads towards a court of appeal hearing regarding workers' rights at the end of the month. The Uber app will now house a safety centre from which passengers and drivers can share their trip details [...]
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 [...]