“Concerned but not surprised”: Three-quarters of UK landlords and sole traders miss digital tax launch
Ryanair boss Michael O’Leary wants Theresa May to stop “faffing around” in India and focus on Brussels November 7, 2016 Ryanair has just raised its passenger growth forecast but chief executive Michael O'Leary isn't happy. He told the BBC that business was "booming" but the environment was "bearish" post-Brexit. And he was particularly unimpressed with how the government is proceeding, saying it had "no idea" as to how it will actually deliver Brexit. O'Leary said Prime Minister Theresa May [...]
Ryanair reports hike in first half profit in the face of weaker sterling November 7, 2016 Ryanair has reported an increase in profits during the first half of 2016, despite what boss Michael O'Leary described as "difficult market conditions" in the aftermath of Britain's vote to leave the EU in June. The figures Revenue rose two per cent in the three months to 30 September, to €4.13bn (£3.68bn) from €4.04bn. Profit after tax [...]
Mitsubishi Motors gears up for an electric car revolution with no Brexit road bumps in sight November 7, 2016 “One of the things we did when we launched the Outlander plug-in hybrid electric vehicle [PHEV] was accentuate the ordinary aspect of it,” says Mitsubishi Motors’ managing director Lance Bradley. It may not sound like a hugely appealing marketing attribute, but Bradley believes it has worked. “People either expect a milk float or the Starship [...]
Aslef postpones ballot of Southern Rail drivers after “technical hitches” November 7, 2016 Train drivers' union Aslef has postponed its ballot of Southern drivers after a series of "technical hitches" over the weekend. Aslef had given out the papers on Friday 4 November, but noticed technical issues on Saturday. A spokesman told City A.M. there would be a re-ballot as it was "important to give members an opportunity to [...]
Evans Cycles poaches Dobbies Garden Centres’ boss Andy King November 6, 2016 Evans Cycles has announced that Andy King has been appointed as its new chief executive. King was formerly managing director at Dobbies Garden Centres, the national garden retail business, and prior to that worked at Notcutts Garden Centres, The Body Shop and Mothercare. He replaces Nick Wilkinson, who left the company earlier this year. ECI [...]
Ryanair’s earnings set to fly lower than expected as weak sterling drags down fares November 6, 2016 Ryanair has suffered some turbulence post-Brexit, predominantly fuelled by the plummeting sterling, and investors are braced for a bumpy landing in its upcoming results. Full-year profits expected to grow five per cent lower than previously guided at seven per cent. The revised guidance, provided a couple of weeks ago, reflected weaker sterling with 26 per [...]
Heathrow chairman Lord Deighton wants other airports given the green light for expansion November 6, 2016 Lord Deighton is feeling magnanimous since Heathrow's expansion plans have been given the go-ahead. Speaking to the Sunday Telegraph, Heathrow's chairman said airports across Britain should be allowed to grow; as long as there's enough demand for their services. "To the extent that those airports need an extra runway to be able to provide the slots to [...]
TfL staff are collecting coats for the homeless this winter November 4, 2016 With temperatures falling and darkness descending earlier in the day, it’s a difficult time of year for people sleeping rough on the streets of London. But there's a way you can help out while on your morning commute. Transport for London is teaming up with the homelessness charity Wrap up London to organise the collection of [...]
Theresa May urged to step in over “catastrophic” ongoing UK flight suspension to Sharm el-Sheikh November 4, 2016 Egyptian political and tourism figures have criticised Theresa May's inaction over ongoing UK flight suspension to Sharm El-Sheikh. Monarch extended its ban on flights there indefinitely earlier this week. President of the Sharm el-Sheikh Tourism Investors Association, Hisham Aly, criticised Theresa May's approach. "The Prime Minister’s rhetoric about combating radicalisation at source is utterly contradictory to [...]
Full steam ahead for Eurostar’s Amsterdam services from London despite Brexit uncertainty November 4, 2016 Eurostar is going ahead with its plans to start services from London to Amsterdam in a year's time, despite ongoing uncertainty over the UK's future relationship with the EU. The cross-Channel high speed rail service said it was seeing "signs of recovery in the trading environment" over the past eight weeks, though passenger numbers were [...]