RMT union and TfL hold talks to thwart Piccadilly Line strike this week September 24, 2018 The RMT rail union and London Underground are holding talks at conciliation service Acas this morning to try and thwart a strike that will shut down the Piccadilly Line from Wednesday through to the weekend. The strike will force the entire line out of action from Wednesday 26 September until the Saturday. If the [...]
Gama Aviation shares drop after profits slashed in half-year results September 24, 2018 Shares in Gama Aviation dropped by more than six per cent this morning as the company reported that profit halved over six months. Pre-tax profit dropped from $8.7m (£6.3m) to $3.2m in the six months to June 2017, and underlying profit dropped 5.7 per cent to $6.6m, however the company saw a rise in revenue from $101.6m [...]
TfL to lose out on £10m in advertising from Elizabeth Line delay in further blow to finances September 23, 2018 Transport for London (TfL) is to lose a further £10m in advertising from the delay to the opening of Crossrail, City A.M. can reveal. The £15.4bn Elizabeth Line was due to open this December but has been delayed until next autumn because of safety concerns and delays to signalling testing. TfL was relying on the line – [...]
Dyson writes off £46m on battery developer Sakti 3 September 23, 2018 Vacuum cleaner manufacturer Dyson has written off £46m on US battery developer Sakti 3. Dyson Technology bought the company, which is a spin-off from the University of Michigan, for $90m (£58m at the time) in 2015 as part of its strategy to develop an electric car. Read more: Dyson plugs £200m into driverless cars UK technology campus Accounts for [...]
John McDonnell: Labour will nationalise railways within five years September 22, 2018 Britain's railways could be taken back into public hands within five years if Labour wins the next general election, according to shadow chancellor John McDonnell. Ahead of Labour’s party conference which starts tomorrow, John McDonnell told the BBC he was looking at the possibility of breaking clauses in contracts to allow rail franchises to be [...]
John McDonnell: Labour will nationalise railways within five years September 22, 2018 Britain's railways could be taken back into public hands within five years if Labour wins the next general election, according to shadow chancellor John McDonnell. Ahead of Labour’s party conference which starts tomorrow, John McDonnell told the BBC he was looking at the possibility of breaking clauses in contracts to allow rail franchises to be [...]
Will Aston Martin vanquish the doubters? September 21, 2018 | City Talk The auto sector has had a tough time of it recently with concerns over the implementation of tariffs on their products, as well as the bad publicity around emissions cheating and investigations into other cartel like behaviour weighing on the sector in recent months. Putting aside those concerns there are certain brands that have [...]
Will Aston Martin vanquish the doubters? September 21, 2018 | City Talk The auto sector has had a tough time of it recently with concerns over the implementation of tariffs on their products, as well as the bad publicity around emissions cheating and investigations into other cartel like behaviour weighing on the sector in recent months. Putting aside those concerns there are certain brands that have [...]
TfL urges Londoners to rethink travel plans ahead of planned Piccadilly Line strike next week September 21, 2018 Londoners have been urged to rethink their travel plans ahead of scheduled three-day strike on the Piccadilly Line by the rail union RMT. The strike will force the entire line out of action from Wednesday 26 September until the Saturday. If the strike goes ahead there will also be no Night Tube on the [...]
TfL urges Londoners to rethink travel plans ahead of planned Piccadilly Line strike next week September 21, 2018 Londoners have been urged to rethink their travel plans ahead of scheduled three-day strike on the Piccadilly Line by the rail union RMT. The strike will force the entire line out of action from Wednesday 26 September until the Saturday. If the strike goes ahead there will also be no Night Tube on the [...]