It might not be our problem in the future: Southern rail’s owner cuts pension costs to reflect “limited responsibility” November 29, 2016 It's been a nightmare year for Southern rail. But its owner was given a boost today after revealing its profits will leap by 38 per cent, simply by changing the way it accounts for its railway pension costs. Go-Ahead shares were one of the top movers in the FTSE 250 this morning, up over three per cent, following [...]
Ford, BMW, Daimler and Volkswagen unveil a joint venture to charge up Europe’s electric car network November 29, 2016 Car giants have banded together to charge up Europe's major motorways in a joint venture aiming to accelerate the mass-market take-up of electric vehicles. BMW Group, Daimler AG, Ford Motor Company and Volkswagen Group with its brands Audi & Porsche, have announced a joint venture to deploy a high-powered charge network for battery electric vehicles [...]
Lufthansa’s pilot strike has gone into a second week with thousands of flights cancelled November 29, 2016 Lufthansa has cancelled another 1,700 flights for today and tomorrow, after its pilots extended strike plans into a second week. The airline lost a German court bid to prevent its pilots from resuming strikes this week in a dispute that has caused almost 4,500 flight cancellations in a month. The refusal by the Munich Labour [...]
The EU court will start trying to answer an incredibly existensial question about Uber November 28, 2016 The battle between Uber and taxi drivers in Europe is ramping up as they pull up at the European court on Tuesday over a rather existential question: what exactly is Uber? The first hearing in what is expected to be a landmark case that will decide its fate in key European markets will take place in the [...]
Southern rail drivers vote to strike in run up to Christmas November 28, 2016 Southern rail drivers have voted in favour of further industrial action over the Christmas period as part of a long-running dispute over driver-only trains – meaning commuters could be facing up to 18 days of strikes in December and January. Members of the RMT union who work on Southern trains have already voted to strike on [...]
RMT calls for total closure of Piccadilly Line until trains are fixed – and it wants the Night Tube launch date postponed November 28, 2016 The RMT union has called for the Piccadilly Line to be closed until trains are fully fixed, as delays on the line continue this morning, and wants the Night Tube services start date to be postponed. Around half of the Piccadilly Line fleet has been taken out of service due to a need for wheel [...]
Uber says a quarter of Londoners ditching car ownership have done due to alternatives November 28, 2016 More than a quarter of Londoners who have ditched their cars have done because of alternatives such as Uber, new research by the on-demand taxi service claims. A YouGov poll of 1,000 residents in the capital for the startup found 28 per cent of those who no longer own a car, but used to, said it was down to using [...]
Piccadilly Line delays will continue on Monday November 27, 2016 Piccadilly Line trains will continue to be disrupted on Monday morning disrupting thousands of commuters heading to work during rush hour. Trouble with trains on Friday brought misery to travellers heading home for the week, and that's set to continue. Nearly half the trains on the line which runs from Heathrow in West London to [...]
Network Rail reveals huge growth in retail sales at London’s railway stations November 25, 2016 Retail sales at London's railway stations have grown at a titanic 17 times the high-street average, despite the number of passengers visiting them remaining the same. Sales during the three months since Britain's vote to leave the EU grew at 3.7 per cent across Network Rail's 10 London stations. This compares with high-street growth of just [...]
Shares in Fastjet are nosediving after the chairman took off ahead of another fundraising round November 25, 2016 Shares in troubled African budget airline Fastjet nosedived today after chairman Colin Child stepped down, warning of a "challenging trading environment". Shares fell as much as 17 per cent, to 14.4p, after the company said it will need to raise further capital – just months after it raised £15m. It said it will complete its [...]