Monarch forecasts 35 per cent profit fall amid turbulent trading environment December 16, 2016 Budget airline Monarch has said that profits will slump 35 per cent this year, as it battles a turbulent environment for airlines. It said the year had been a difficult one and that group performance was in line with its expectations, predicting full-year earnings of £48m – down by over a third on last year's of £74m. [...]
BA boss Willie Walsh thinks Air Passenger Duty cut by Scottish government will undermine English airports December 16, 2016 Willie Walsh has some reservations over the Scottish government's intention to halve Air Passenger Duty (APD) by the end of the Scottish Parliament in 2021. He's concerned it'll undermine English airports. The boss of British Airways' owner IAG, said that the move did mark "a major step towards the complete abolition of this stealth tax that [...]
The nightmare’s nearly over for the Piccadilly line social media team: It’s just running with “minor delays” now December 16, 2016 Piccadilly line passengers have not been impressed with Transport for London (TfL) taking out half the fleet of trains for wheel repairs. It has been causing severe delays along the line since last month – and some turmoil for the poor people manning the Piccadilly line's Twitter account. But today, the account had some – relatively – good [...]
Will it ever end? Southern rail services are axed for the third day this week as commuters vent fury at government December 16, 2016 All Southern rail services have been cancelled for the third day this week, after protests were held last night by fed-up commuters over the crisis. Members of the Aslef train drivers' union had met with the train company yesterday for a second day of talks at conciliation service Acas, but they ended without resolution. So today's [...]
Balfour Beatty sells streetlight project stakes to Equitix for £33m December 16, 2016 Infrastructure group Balfour Beatty is selling an 80 per cent stake in its street lights business for £33m. Funds managed by Equitix are buying the majority of Balfour's interests in five street lightling PFI projects. Balfour said the cash consideration of £33m would be retained within the group, and said the proceeds from the sale were [...]
Don’t believe the unions’ bogus claims against Southern Rail December 16, 2016 Passengers on Southern Rail are this week enduring disruption to their services of a kind not seen anywhere on the railway for a generation. From broadcasters to bishops, everyone has been having their say on the industrial dispute about whether drivers rather than guards should be responsible for closing doors on trains that has been [...]
Bank Junction: All vehicles except buses and bikes to be banned from notorious collision spot in trial scheme from April December 15, 2016 Cars, taxis and all other vehicles except buses and bikes will be banned during weekdays at Bank Junction in an experimental scheme from next April. From Monday to Friday between 7am and 7pm only cyclists, pedestrians and buses will be able to move through the junction, which has become one of central London's most notorious [...]
Stansted Express disruption: Trains cancelled and delayed due to incident between Seven Sisters/Tottenham Hale and Broxbourne December 15, 2016 Trains running between Seven Sisters/Tottenham Hale and Broxbourne are subject to severe disruption this afternoon due to an incident on the track. Stansted Express services are experiencing delays and may be cancelled, with disruption expected to continue until 8pm. #EmergencyServices – Services running through these stations may be cancelled, delayed by up to 60 minutes [...]
Southern rail chaos continues: Talks to solve dispute between rail firm and union end with no deal December 15, 2016 Talks aimed at resolving Southern rail strikes have ended without agreement. A 24-hour strike, following a 48-hour one held by Aslef union earlier in the week, will go ahead tomorrow. Nick Brown, chief operating officer of GTR, Southern's parent, said: "We're deeply disappointed, as our passengers will be, that Aslef has been unable to accept our [...]
Here’s where you should base your business along the Tube map for the highest turnover December 15, 2016 Got a feeling your business isn't living up to its potential? Well perhaps a change of scenery might cure the malaise. According to data intelligence firm DueDil, firms based along the Bakerloo line have the highest annual turnover and average growth rate. For specific stations, Waterloo had the highest average turnover of £2.53bn and is [...]