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 [...]
Car industry launches no-deal Brexit strategy to bolster supply chain October 10, 2018 The car industry has launched what it’s called a Brexit Readiness Programme to prepare vehicle manufacturers for the UK potentially falling out of the EU without a deal. The Society of Motor Manufacturers and Traders (SMMT) made the move following various members’ warnings about the impact of a no-deal Brexit on the health of the [...]
Ryanair boss ‘hopeful and optimistic’ about ending strike action by pilots and cabin crew October 9, 2018 Ryanair chief executive Michael O'Leary has said he is "hopeful and optimistic" that the airline will not be damaged further by strikes with its pilots and cabin crew this year. O'Leary, who has previously said the airline will put up with strikes to defend its low-cost business model, said: "I am hopeful and optimistic that we [...]
Virgin will reach space in ‘weeks, not months’ says founder Branson, but tickets could set you back £250,000 October 9, 2018 Virgin Galactic will reach space “in weeks, not months”, founder Richard Branson has said. The company's shuttles will be capable of leaving the earth’s orbit soon and the billionaire will be on one of them in just a few months, with commercial passenger flights launching soon after. “We’re more than tantalisingly close now,” Branson told CNBC. [...]
Volkswagen car deliveries drop nearly 20 per cent as new emissions testing hits October 9, 2018 The number of cars delivered by Volkswagen fell nearly 20 per cent last month due to the introduction of new emissions testing rules, the manufacturer said. A total of 485,000 vehicles were delivered throughout the world in September, 18.3 per cent down on the same month last year, with Europe experiencing a severe fall following the introduction of the [...]
Last call: Uber drivers to stage 24hr strike in London today October 9, 2018 Hundreds of Uber drivers are set to stage a 24-hour walkout across London today, in addition to protests in Nottingham and Birmingham, over workers' rights and demands for increased wages. The strike is being organised by the Independent Workers Union of Great Britain (IWGB), and is scheduled to begin at 1pm. A separate demonstration is also expected to be [...]