Mixed record for Balfour as profits soar but project takes hit from Carillion collapse August 10, 2018 Balfour Beatty’s profits soared 69 per cent in the first half of 2018 in the wake of its long turnaround plan, despite additional £23m losses stemming from a project taken over after the collapse of Carillion earlier this year. Underlying profit from operations increased to £66m for the six months to the end of June [...]
Westminster council derails second Sadiq Khan project with legal challenge against CS11 Cycle Superhighway August 2, 2018 Construction works on a proposed cycle superhighway at a dangerous gyratory in north-west London have come to a grinding halt after Westminster council mounted a successful legal challenge against Transport for London (TfL) – derailing its second project this year. Work on the first section of Cycle Superhighway 11, which is intended to span [...]
British Airways warns of Heathrow flight disruption after IT chaos yesterday July 19, 2018 British Airways has warned that passengers flying from Heathrow Airport may face disruption today after an IT outage yesterday led to a slew of cancelled and delayed flights. An airline spokesperson said this morning: “An issue with a supplier IT system was resolved overnight. “We are doing everything we can to keep any knock on [...]
Delays to and from Victoria Station to continue until 11 after fire alarm July 18, 2018 Delays to and from Victoria Station are expected to continue until late morning today after a fire alarm alert meant the station was evacuated. Some trains were diverted to other London terminals during the alert. Southeastern tickets are being accepted on the London Underground at no extra cost. After the fire service responded to an [...]
Easyjet boosts profit guidance after strong quarter July 18, 2018 Budget airline Easyjet has raised its profit guidance for the year after a strong third quarter where passenger numbers hit 24m. The airline said it expected profit before tax of between £550m and £590m for the year, having previously guided at £530m to £580m. Revenue in the quarter to 30 June increased by 14 per cent [...]
Govia Thameslink heavily underestimated rail disruption, with the actual result being 10 times worse July 17, 2018 Govia Thameslink's (GTR) early estimates of how many trains would be cancelled due to its new timetabling were drastically different to the final outcome. In a presentation to the Department for Transport (DfT) three weeks before the new timetables came into effect in May, GTR said there would be just 43 planned cancellations on its [...]
Tesla boss Elon Musk could face legal action after Thai cave rescuer ‘pedo’ comments July 16, 2018 Tesla chief executive Elon Musk could face legal action after suggesting on Twitter that one of the divers in the Thai cave rescue was a paedophile. Musk, who had provided a mini-submarine to help with the rescue, attacked British diver Vern Unsworth after he described Musk’s contribution as a “PR stunt”. Musk hit back on Twitter, claiming [...]
Thameslink passengers complain of further disruption despite third new timetable in two months July 16, 2018 Thameslink has said it is aware of "a number of disruptions" across its services this morning, despite the introduction of another timetable. The service is running on its third timetable in two months, as it tries to reduce the disruption caused by new running times introduced on 20 May. But the rail operator has told [...]
Crossrail latest: Tottenham Court Road’s new Elizabeth Line station nears completion as December launch date draws closer July 10, 2018 We've crossed the halfway mark for the year's countdown to the Elizabeth Line launch and new images have been released to show the progress made at the new Tottenham Court Road station. The station will be at the centre of the capital's new railway, which will run from Berkshire and Heathrow in the west to [...]
Kier Group sells non-core assets in cost-saving mission July 10, 2018 Leading construction and property company Kier Group said this morning it plans to sell its non-core assets as part of a wider cost-savings programme. The firm, which also announced profits and earnings performed in-line with expectations, will be hoping the plan, which was launched last month, will improve productivity, operating margins and cash generation. The [...]