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 [...]
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, [...]