Embrace road pricing to build the infrastructure we actually need without government borrowing October 27, 2016 It is odds on that Philip Hammond will announce in the Autumn Statement that government spending constraints will be relaxed to facilitate investment in infrastructure. We will be told that the government should borrow and invest more and that this will promote growth in the long run. This argument might have merit if it were not for [...]
Now Tube workers on the Piccadilly line are voting on strikes October 27, 2016 The Rail, Maritime and Transport (RMT) union has been busy. Yesterday it announced it was balloting Southern Rail drivers over the long-running dispute on the role of guards, and 3,500 London Underground staff following a security incident at North Greenwich Tube station. The union said the incident had put safety "back at the top of the agenda". Read [...]
Nissan’s decision to stay in the UK shows “Britain is open for business”, says Theresa May October 27, 2016 Theresa May said Nissan's decision to build new models at its Sunderland plant post-Brexit vote showed "Britain is open for business". “This is fantastic news for the UK," said the Prime Minister. "Nissan is at the heart of this country’s strong automotive industry and so I welcome their decision to produce the Qashqai and a new model at [...]
Nissan’s staying put in Sunderland, dispelling Brexit woes October 27, 2016 Nissan will build its next Qashqai SUV as well as the X-Trail SUV model in Sunderland, marking a huge vote of confidence in the UK. The department for business, energy and industrial strategy has confirmed the news after months of uncertainty following the Brexit vote. The decision comes following "support and assurances from the UK government", according to Nissan's chief [...]
Attention Philip Hammond: CBI wants longer maternity leave and a £6bn investment boost in the Autumn Statement October 27, 2016 As the unveiling of the chancellor's Autumn Statement draws closer, lobby groups are setting out their proposals in the hope Philip Hammond might listen. The CBI has just unveiled its wishlist and it's calling on the chancellor to take on an £11.5bn shopping list of measures, that would fall to around £7bn by 2020/21. Read [...]
Stobart profits soar as merger with CityJet nears takeoff October 27, 2016 Stobart Group announced impressive interim results for the six months up to 31 August, but its proposed tie-up with Irish airline CityJet is still to be confirmed. Reports last week suggested CityJet and Stobart Air were drawing closer to reaching agreement on the terms, with the deal expected to be wrapped up by the end of this month. [...]
Delays of up to two hours at Heathrow, Gatwick and London City Airport due to thick fog October 27, 2016 Travellers booked to fly out of London are facing delays of up to two hours this morning – due to thick fog. British Airways warned people booked on flights this morning that fog was affecting schedules at Gatwick, Heathrow and City Airport. Fog is affecting flights at London Heathrow, Gatwick & City today. Check your flight status [...]
Google’s gearing up to spin off its self-driving cars business October 27, 2016 Google's self-driving cars are getting a life of their own. X lab, the autonomous vehicle project, is becoming a standalone unit of Google's parent company Alphabet; possibly the first step on its journey to becoming an independent company. The wheels were set in motion at the beginning of the year when Alphabet started separating the [...]
Flybe’s chief executive Saad Hammad quits and sends shares plummeting October 26, 2016 Flybe's chief executive Saad Hammad has quit unexpectedly after a three-year stint. The Exeter-based firm said Hammad had left "with immediate effect" and that it was "time for a new CEO to lead the next phase of Flybe's long-term development". As the news broke, the company's shares dropped 14.8 per cent. Hammad said in the company [...]
Boeing profit soars as it bumps up delivery and revenue forecasts October 26, 2016 While Airbus reported dipping profits earlier today, rival Boeing has reported third quarter results that beat profit and sales expectations, boosted by a tax benefit. It reported a 33.7 per cent rise in quarterly profit. The figures Boeing earned $2.28bn or $3.60 a share, up from $1.7bn in the same period a year ago. Core earnings [...]