Guess which British stalwart has just been named the UK’s favourite brand again February 27, 2017 British Airways may have hit some turbulence thanks to the weak pound, but when it comes to its brand value, the airline is sailing smoothly on, after it topped a ranking of the UK's favourite brands – again. It's the fourth year in a row BA has topped the Superbrands index, an annual survey of consumers' views [...]
Easyjet set to be ejected in FTSE’s quarterly reshuffle this week February 26, 2017 Easyjet is on course to dive out of the FTSE 100 this week, as part of the index’s quarterly reshuffle. The airline has seen its value decline by 40 per cent over one year and issued a profit warning last month, sending its shares down nine per cent on the day. The firm blamed a [...]
Uber takes on TfL in High Court over English language requirements February 26, 2017 The car-booking firm Uber joins forces with three of its drivers this week to launch a High Court challenge to English language tests for minicab drivers. Under the proposals, put forward by Transport for London (TfL), private-hire drivers without UK qualifications will have to take a two-hour test to demonstrate their English language skills. Yet [...]
Today’s Copeland result and Lords energy report both highlight the ticking nuclear time-bomb in UK politics February 24, 2017 This morning’s Tory victory sweep in the Labour stronghold of nuclear heartland Copeland has coincided with the publication of a Lords report criticising the government’s nuclear energy policy. The nuclear question could not have been more central to yesterday's by-election contest in the heart of Britain’s West Cumbrian ‘energy coast’. 10,000 people are already directly [...]
PSA will honour commitments to Vauxhall plants says business secretary February 24, 2017 Peugeot will stick to commitments made to Vauxhall factories in the UK, according to business secretary Greg Clark. Clark said he had a “constructive meeting” with the chief executive of Peugeot SA (PSA), Carlos Tavares, in a statement this afternoon. “The meeting was reassuring,” Clark said. “We discussed how PSA's approach is to increase market [...]
Rapidly rising petrol costs are putting consumers off driving and pushing them to cut spending in other areas February 24, 2017 Higher pump prices have pushed UK consumers to spend less on their cars and cut back on driving. At the beginning of February, Britain's petrol prices rose to an average of 120p while diesel rose to 122p, and according to a new study, a quarter of drivers said they're now restricting their car use while [...]
Southern rail claims victory over the RMT, giving itself a pat on the back for its service February 24, 2017 Southern rail has labelled the ongoing industrial action by the Rail, Maritime and Transport union (RMT) as "impotent and ineffective", while bragging about how many trains it had managed to run in spite of the strikes. The RMT held its latest walkout on Wednesday, this time a 24-hour downing of tools, taking its tally to 29 strikes. Fears have resurfaced that [...]
Boeing is building its first European factory in Sheffield in a bid to “support the UK’s long-term prosperity” February 24, 2017 Boeing today announced it will invest £20m to open a new production facility in Sheffield – its first ever manufacturing facility in Europe – in an effort to support Britain's long-term prosperity. The facility is part of a plan to reduce supply chain costs by manufacturing key components and systems in the US and the UK in-house. The 2,300-square metre site [...]
British Airways owner IAG has revealed a share buyback programme after strong performance in 2016 February 24, 2017 British Airways and Aer Lingus owner International Airlines Group (IAG) revealed it will increase cash returns to investors with a share buyback programme after profit rose in line with expectations. The figures For the year to the end of December, the airline group's operating profit rose 8.6 per cent to €2.54bn (£2.15bn). But total revenue fell [...]
London: Our city of eternal resilience is not endangered by Brexit February 24, 2017 We have been here before. Seismic political or economic events strike like a tsunami; panic breaks out that London’s position as a leading world city is endangered. It happened in the aftermath of 2008’s financial crisis and it’s happening as Brexit looms. In 2009 the Economist observed magisterially, “Before the credit crunch, talk that London [...]