BMW warns of falling profits as trade and regulation pressures bite September 25, 2018 BMW has warned its 2018 profits will fall and lowered its guidance for car profit margins, as the German car manufacturer wrestles with competition, rising costs and new rules on emissions. The group pinned its problems on several factors, including international trade conflicts, which it said were “distorting demand more than anticipated and leading [...]
Season ticket holders hit by May timetable chaos have a month to claim compensation September 25, 2018 Eligible season ticket holders affected by the May timetable disruption have until 30 November to reclaim compensation. Embattled operator Govia Thameslink Railway (GTR) has opened the second phase of its compensation scheme for passengers who were hit with cancellations and delays arising from the timetable overhaul in May. GTR, which operates Thameslink, Great Northern, Southern and [...]
Uber launches 24-hour hotline for passengers and drivers following pressure from TfL September 25, 2018 Ride-hailing app Uber has launched a 24-hour hotline for drivers and customers following pressure from Transport for London (TfL) which revoked its licence last year. TfL took away Uber's licence on the grounds it was not a "fit and proper person" to hold a licence in the capital. The transport body took issue with Uber's approach to [...]
Piccadilly Line drivers to strike tomorrow after talks with TfL crumble September 25, 2018 A three-day strike on the Piccadilly Line will go ahead tomorrow after talks between union workers and Transport for London (TfL) broke down this morning. The RMT rail union confirmed the strike by drivers will start tomorrow lunchtime through until Saturday after talks at conciliation service Acas held yesterday and into today failed. The RMT [...]
Earn thousands from your car as the world’s biggest car-sharing platform launches to vehicle owners in the UK September 24, 2018 Car-sharing service Turo, which matches renters with car owners, hopes to sign up many of the UK's 30m cars after it launches to the general market on Tuesday. Currently available to commercial renters in 56 countries, the company has attracted four million renters and owners this year, doubling its user base. Dubbed the ‘Airbnb [...]
Competition watchdog says proposed minicab cap would lead to fare hikes for Londoners September 24, 2018 The competition watchdog has criticised proposals to grant councils the power to cap the number of minicabs in the capital following a plea last month by London mayor Sadiq Khan. The Competition and Markets Authority (CMA) was responding to a government-commissioned review into taxi and PHV licensing after stakeholders suggested that current legislation was no longer fit for purpose. [...]
Travel warning: Piccadilly Line hit by severe delays September 24, 2018 Severe delays are affecting the Piccadilly Line, following a signal failure. The failure at Holloway Road has affected the entire line, just in time for the rush hour commute home. Transport for London (TfL) has recommended people take alternative routes as its engineers work to fix the problem. https://twitter.com/piccadillyline/status/1044245076237520897 The news comes before the Piccadilly [...]
Volvo ends Iran truck operations over US sanctions September 24, 2018 Swedish truck maker AB Volvo has ended operations in Iran because newly imposed US sanctions have stopped the company from getting paid. Volvo has stopped truck assembly in the country, having previously earmarked Iran as its main export hub for the Gulf and North American markets. It comes after US sanctions were reimposed last month [...]
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 [...]