MoD strikes £271m Wildcat helicopter deal saving “hundreds of jobs” January 9, 2017 The Ministry of Defence (MoD) has announced a £271m deal with Leonardo Helicopters to safeguard around five hundred jobs, the majority of which will be in Yeovil. The five-year deal will deliver a range of support and training services for the UK's fleet of 62 AW159 Wildcat helicopters, used by the Royal Navy and Army Air Corps. [...]
London City Airport announces record 4.5m passengers for 2016 January 9, 2017 London City Airport is flying after a record 2016. The Royal Docks-based airport announced five per cent year-on-year growth, recording 4,526,059 passengers for the year. That's the most in its 30-year history, and it said this was driven by expanding routes and investment in facilities. Read more: Delays and cancellations at London City Airport this [...]
Tube strike travel chaos: Great Northern services aren’t running between Finsbury Park and Moorgate January 9, 2017 Great Northern Rail has warned that no services are running between Finsbury Park and Moorgate station this morning. The news comes as London commuters deal with transport chaos brought on by the latest round of Tube strikes. Problems on the line into Moorgate began last night, due to the Tube workers' industrial action, and are continuing [...]
Jaguar Land Rover roars to record year globally as Jaguar sales rocket 77 per cent January 9, 2017 Jaguar Land Rover is purring. The UK's largest car manufacturer just had a record year, announcing global sales of 583,313 vehicles, as it sold more than one car every minute. Sales have almost tripled since 2009. It marks the firm's seventh consecutive year of growth in sales, and the total number of 583,313 vehicles was up 20 [...]
As Tube strike causes chaos for the capital’s commuters, more travel headaches are on the cards January 9, 2017 A 24-hour Tube strike started yesterday evening, marking the first action in a week of more travel turmoil for travellers – and the action could be set to spread. The Transport Salaried Staffs’ Association refused a last-ditch offer yesterday, which had already been dismissed by the Rail, Maritime and Transport (RMT) union. As a result, [...]
What Brexit? Full steam ahead for the UK’s £605m superyacht industry January 9, 2017 The UK's superyacht industry is posting revenues "not seen since the financial crash", according to new figures. While sharp ripples of uncertainty were caused in the wake of the Brexit vote, business confidence soon rebounded. According to a report by British Marine unveiled at the London Boat Show, the UK's leisure marine industry grew for [...]
Why unleashing competition would deliver lower fares and greater choice to rail passengers January 9, 2017 The UK’s rail passengers are suffering, and will no doubt continue to do so over the coming months. Union action is bringing the network to a standstill, with further strikes planned for this week. The level of sickness leave among train staff has also been mysteriously increasing, and has doubled compared to pre-strike levels, according [...]
The average price of leasing popular cars surges eight per cent in two months thanks to post-Brexit vote inflation January 9, 2017 While the process of Britain leaving the European Union hasn't yet started, the wheels are already in motion for a rise in the cost of cars to consumers. The monthly cost of leasing a basket of some of the more popular car models has risen by an average of eight per cent, from £245.70 to £264.70, [...]
Ryanair boss Michael O’Leary: Voters were “lied to” by Brexit campaigners over staying in the Single Market January 8, 2017 Michael O'Leary hasn't shied away from criticism of Brexit, and has warned the impact on the airline industry could be substantial. He said people were promised they could leave the EU and stay in the Single Market. "It's now absolutely clear that they were lied to by the exiters. That offer is not on the [...]
Tui in talks with Swiss firm Kuoni and American companies KKR and Warburg Pincus over Travelopia sale January 8, 2017 Tour operator Tui is in talks with Swiss rival Kuoni and American buyout giants KKR and Warburg Pincus over the sale of a range of travel websites. In September of last year, Europe's biggest tour operator confirmed it had asked Citigroup to find a buyer for specialist holiday arm Travelopia in a deal potentially worth €500-600m (£428m-£514m). [...]