Uber hasn’t destroyed jobs according to a new study – although taxi driver wages have suffered January 25, 2017 Uber has created more jobs than it has destroyed, according to a new study, despite regularly being characterised as one of the villains of the so-called sharing economy. The number of self-employed drivers rose by 50 per cent in cities where Uber started operations, more than compensating for jobs lost in the taxi sector, researchers [...]
Boeing beats expectations and plans to ramp up commercial aircraft deliveries for 2017 January 25, 2017 Boeing announced stronger than expecting earnings for its fourth quarter and has said it will top the 748 commercial aircrafts delivered last year. It did though, provide a softer sales outlook for the coming year. Read more: Airbus warns on future investment over Brexit free movement The figures The aerospace giant announced full-year revenue of $94.6bn and fourth [...]
Tube drivers will stage a 24-hour strike on the Central and Waterloo & City lines from 9pm tonight January 25, 2017 Tube drivers on Central Line East will start a 24-hour strike from 9pm tonight, the Rail, Maritime and Transport (RMT) union has announced. The union said the strike, also affecting the Waterloo & City Line, will finish at 20:59 on Thursday 26 January. RMT said the dispute is over the "forced displacement" of staff. Read more: [...]
Airbus senior exec warns on UK future investment over Brexit free movement January 24, 2017 A senior Airbus executive has warned the company's future investment could be hit if Brexit disrupts the movement of talent and products. "At the moment we're continuing to invest because we take the view that Airbus in the UK is an integral part of the family of Airbus, so we're still highly committed to the UK," said Tom Williams, chief operating [...]
EasyJet founder Sir Stelios Haji-Ioannou announces protest vote against fleet expansion as shares slide January 24, 2017 EasyJet founder – and largest shareholder – Sir Stelios Haji-Ioannou is not impressed with the airline's latest update and is making a protest vote at the upcoming annual general meeting (AGM). He said EasyGroup, which owns a third of the airline's shares, had noted the airline's first quarter update "and the share price slump that has ensued" [...]
Do you travel with the UK’s worst train company? January 24, 2017 It's official: Southern is the UK's worst train company, according to a new study. The National Rail Passenger Survey, conducted during Autumn last year, found passengers using Southern train services were the UK's most miserable, with 19 per cent saying they were dissatisfied. Just 65 per cent said they were satisfied – the lowest of [...]
EasyJet shares fall eight per cent: Analysts say European short-haul “dogfight” continues January 24, 2017 EasyJet was braced for a bumpy ride today as shares nosedived as much as 8.5 per cent this morning. The airline recorded passenger numbers on the rise for the first quarter – up 8.2 per cent, though revenue per seat fell 8.2 per cent at constant currency. And revenues were up 7.2 per cent. But – [...]
Jet2 launches New York trips from Birmingham and Belfast among its winter schedule January 24, 2017 Jet2 is taking another bite of the Big Apple, after it announced plans to launch New York flights from Birmingham and Belfast International. The low-cost airline will now offer 30 direct trips to New York, up from 24, from seven airports. It is lining the trips up to coincide with Black Friday, the sales bonanza day, as [...]
Southern rail’s “full service” pledge hasn’t gone down well with commuters January 24, 2017 Southern rail's commitment to restoring a full service from today isn't quite going to plan. This morning, Southern said there were some alterations to its service, noting cancelled trains were due to a shortage of drivers, while another was cancelled due to a broken down train: Morning! A full timetable is back in operation today. There are some [...]
A US judge has approved VW’s $1.2bn settlement with dealers January 24, 2017 Volkswagen's dealers will receive a $1.2bn (£1bn) settlement, after a US judge approved it. The 650 dealers will receive an average of $1.85m due to the car company's diesel emissions scandal and US District Judge Charles Breyer said they will be paid over 18 months. Breyer said the settlement was "fair, reasonable, and adequate". Read more: [...]