Rolls-Royce shares drop after engine shut down forces emergency landing September 12, 2018 Shares in Rolls-Royce dipped by more than four per cent this morning following an engine failure that forced a pilot to carry out an emergency landing on an flight from New York to Madrid. The engine manufacturer said Iberia Airlines flight 6252 landed safely at Boston Logan airport after the pilot had to abandon the trip around 90 minutes after [...]
Profits bounce back at Galliford Try but bypass woes loom September 12, 2018 Galliford Try’s profits soared 145 per cent in the last 12 months, in a sign that the construction group is recovering from a series of setbacks it suffered earlier in the year. Pre-tax profits jumped from £58.7m to £143.7m in the year leading up to the end of June 2018, pushing Galliford’s share price up [...]
TfL updates plans for Bakerloo Line extension following public consultation September 12, 2018 The public strongly supports an extension of the Bakerloo Line beyond Elephant & Castle, Transport for London (TfL) has said, and could be completed by 2029. TfL says the Bakerloo Line extension, supported by the line upgrade that will increase the frequency of trains, will support at least 25,000 new homes and 5,000 new jobs and reduce overcrowding [...]
Ryanair cancels 150 German flights amid pilot dispute over pay and working conditions September 12, 2018 Ryanair has cancelled nearly half of its flights to and from Germany today after the VC pilot union called a surprise strike over pay and working conditions. Ryanair said the strike, called with 24 hours' notice, was "unnecessary" and has had to cancel 150 of its 400 flights to and from the region. All affected [...]
TfL bus provider wins £50m in funding from Lloyds bank for hybrid and electric vehicles September 12, 2018 Transport for London’s (TfL) main bus provider has won £50m in funding from Lloyds Bank to invest in hybrid and all-electric vehicles. Metroline, which owns a fleet of over 1,600 buses, will use the first tranche of funding, totalling £10m, to buy 37 new double-decker hybrid buses. The mayor of London, Sadiq Khan, has pledged [...]
East Coast rail replacement may not cope better than collapsed franchise, MPs warn September 12, 2018 The rail line that will replace the failed East Coast franchise may not cope any better with the problems that led to its predecessor's collapse, MPs have warned. Lilian Greenwood, chair of the Transport Select Committee, said MPs “cannot reassure passengers that the arrangements for the East Coast Partnership will more successfully overcome the systemic difficulties [...]
British Airways suffers turbulence as brand perception drops September 12, 2018 Last week, British Airways (BA) made headlines as 380,000 customer payment cards were affected by a severe data hack which compromised the personal and financial details of several customers. Unfortunately for BA, this news comes after a difficult couple of years which it has spent battling with negative press associated with a large-scale IT glitches, [...]
Jaguar boss warns of job losses in event of bad Brexit deal September 11, 2018 The boss of the UK’s largest car maker has warned that a bad Brexit deal could lead to tens of thousands of job losses. Jaguar Land Rover chief executive Ralf Speth also said friction at the border could hit production costs by as much as £60m every day earlier today. In one of the most [...]
Elon Musk’s ‘erratic behaviour’ causes Nomura to downgrade Tesla stock September 11, 2018 Tesla’s share price was set rocking by an investment bank downgrade today, with chief executive Elon Musk’s “erratic behaviour” cited as a reason for the price adjustment. Tesla’s shares fell by almost four per cent to $274.14 after Nomura cut its target price in the wake of Musk making yet more headlines with behaviour such as [...]
British Airways data breach: How hackers stole customers’ data September 11, 2018 British Airways’ breach last week was caused by the same group of hackers that targeted Ticketmaster, according to cyber security researchers. The cyber attack resulted in 380,000 customers’ personal and financial details ending up in the hands of criminals, with the airline warning those affected to contact their banks and promising full compensation. Read [...]