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 [...]
Ryanair bans media from AGM amid pilots dispute September 11, 2018 Ryanair has banned journalists from attending its AGM next week as the budget airline continues to reel from an ongoing dispute with its pilots. Ryanair said no members of the media would be invited or admitted to the meeting on 20 September and that no press briefing would follow. Read more: Ryanair cancelled 550 flights [...]
London and the West Midlands can be an unstoppable force together September 11, 2018 Over a year since taking on the role of West Midlands mayor, we have achieved a lot. The wider region has experienced the largest increase in jobs in the UK, Coventry will be the country’s City of Culture in 2021, and Birmingham has secured the Commonwealth Games in 2022 – to name a few successes. [...]
Heathrow records second busiest month in its history with more than 7.5m passengers in August September 11, 2018 Last month was the second busiest in Heathrow history as the airport welcomed more than 7.5m passengers, many of whom were travelling to and from hotspot destinations in Asia. Passenger numbers were 2.6 per cent higher than the same time last year, thanks to the August bank holiday and passengers returning home from summer holidays. Read [...]
Trial begins into €9bn investor lawsuit against Volkswagen but not all claims will be considered, judge says September 10, 2018 €9bn investor lawsuit against Volkswagen over the diesel emissions scandal has got under way in Germany but a judge has said only some of the 1,670 claims will be considered. Shares in the German car manufacturer rose steadily throughout the morning as the trial, expected to last at least until the end of the month, [...]
Volvo indefinitely delays IPO plans over uncertainty of trade war and automotive industry September 10, 2018 Volvo Cars has indefinitely delayed plans for a listing in Stockholm due to trade tensions and a down turn in automotive stocks. The Swedish carmaker and its Chinese owner Geely had planned an initial public offering valuing the company between $16bn (£12.4bn) and $30bn. Chief executive, Hakan Samuelsson told Reuters: “We have come to the [...]
Uber and Rolls-Royce face competition from startup planning to bring air taxis to UK by 2022 September 10, 2018 A UK startup has launched a challenge against titans Uber and Rolls-Royce as it unveiled plans for a flying taxi which could take to the skies as early as 2022. The company, called Vertical Aerospace, announced it had built and flown its fully electric vertical take-off and landing (eVTOL) aircraft in June, which could be used as an alternative [...]
Hotel group owner Surinder Arora prepares to challenge Heathrow with £14bn expansion bid September 9, 2018 The hotel tycoon behind an audacious bid to build and operate Heathrow’s third runway plans to put his money where his mouth is, challenging the airport’s operator for control of expansion plans. Surinder Arora has confirmed he intends to launch a formal bid to build a new terminal and runway at the airport, the busiest [...]
Mother and child ‘amazingly’ survive Tube platform fall by hiding in pit under track September 8, 2018 A mother and child were “extremely fortunate” to survive after falling onto a Tube track seconds before a train arrived at Baker Street last night. British Transport Police (BTP) said the woman was pushing her child in a buggy along the platform just before 10.15pm last night when she accidentally pushed the wheels over the platform [...]