Severe delays on London Overground between Surrey Quays and Clapham Junction October 1, 2018 The London Overground is running with severe delays this morning between Surrey Quays and Clapham Junction because of a faulty track. Earlier during rush hour there was no service between Wandsworth Road and Clapham Junction – one of London's busiest stations – because of a faulty train track at Wandsworth Road. Transport for London (TfL) said [...]
Ryanair shares fall as airline slashes profit guidance amid strike action October 1, 2018 Shares in budget airline Ryanair are down eight per cent this morning after it downgraded its full-year profit guidance by 12 per cent following a series of summer strikes by pilots and cabin crew. Chief executive Michael O'Leary blamed the downgrade on lower passenger traffic and forward bookings made because of the strikes. It now expects [...]
Toyota warns production could grind to a halt in the case of a no-deal Brexit September 29, 2018 Car manufacturer Toyota has warned that a "no-deal" Brexit could force it to stop production at one of its key UK plants. The firm is one of the biggest car makers in the UK, and relies on components from the EU to make its vehicles. But today it has raised concerns that a "no-deal" Brexit [...]
Uber shells out $148m to settle cyber attack legal case September 28, 2018 Taxi giant Uber has had to pay out $148m (£113m) to settle a legal case over a recent cyber attack. The 2016 breach led to the information of 57m customers and drivers being exposed. Uber paid the hackers $100,000 to delete the data they had taken from the company's servers. The data included information such as the number [...]
Easyjet soars towards full-year profit targets September 28, 2018 Easyjet today told investors it expected to deliver strong headline profit in its full year results, despite warnings of a no-deal Brexit hitting the airline. The company said before tax, profit for the year was likely to come in between £570m and £580m, in the upper half of previous guidance. It said passenger numbers for [...]
Editor’s Notes: The Tories face a huge challenge, but they must take the fight to Corbyn September 28, 2018 Having observed the Labour party conference from a safe distance I’ll be travelling to Birmingham on Sunday to soak up the atmosphere at the annual Tory gathering. My first port of call will be speaking at a dinner hosted by City comms firm Cicero, where I shall sing for my supper and offer a [...]
British Airways and Easyjet among airlines ‘most exposed to a no-deal Brexit’ September 27, 2018 British Airways and Easyjet are among the airlines that are particularly vulnerable to a "no-deal" Brexit, financial services firm Moody's has warned. The possibility of a no-deal Brexit, in which the UK would crash out of the EU on terms set by the World Trade Organisation (WTO), has been ramping up in recent months, as [...]
UK car production falls for third consecutive month in August September 27, 2018 UK car production declined for a third consecutive month in August by 13 per cent, due to model changes and maintenance shutdowns, the Society of Motor Manufacturers and Traders (SMMT) has said. Around 89,254 cars were produced last month. Domestic production fell by nearly 40 per cent while exports were down by 3.8 per cent to [...]
Commuters hit with double whammy of Piccadilly Line strike and District Line delays September 27, 2018 Commuters have been hit with a double whammy of travel disruption this morning as severe delays hit the Distrct Line between Upminster and Tower Hill and the strike on the Piccadilly Line entered its second day. Transport for London (TfL) said tickets would be valid on London buses for those using the District Line: https://twitter.com/TfLTravelAlerts/status/1045235046561587201 [...]
Westminster and City Hall in tense standoff after council misses Sadiq Khan’s deadline for new Oxford Street plans September 26, 2018 Westminster City Council has said it will not meet Sadiq Khan's deadline for submitting its alternative plans for Oxford Street this month, in a move that risks further heightening tensions with City Hall over the abandoned project. The Conservative-led council was working closely with Transport for London (TfL) and City Hall on the pedestrianisation of Oxford Street [...]