Heathrow boss says Brexit means airport expansion plans need to move forward as company reports revenue grew to £1.3bn in first half of 2016 July 22, 2016 Heathrow boss John Holland-Kaye today said expanding the west London airport will give Britain the post-Brexit boost it needs, as the company reported revenue and profit grew in the six months to 30 June. Revenue was up one per cent to £1.32bn, from £1.31bn in the same period of 2015, while pre-tax profit jumped 8.7 [...]
As Tesla unveils plans for a “solar-roof-with-battery product”, will Elon Musk’s company make money any time soon? July 22, 2016 James Hind, chief executive of Carwow, says Yes. Tesla has built a highly desirable brand, as shown by the huge number of pre-orders for the Model 3. Demand for its cars will therefore be strong – even if other manufacturers manage to rival its electric technology. The company is spending a lot on setting up supply, [...]
Easyjet revenue dips in third quarter despite passenger number growth July 21, 2016 Easyjet said today that June's Brexit vote, as well as recent events in Turkey and the truck attack in Nice, had hit consumer confidence and contributed to a "difficult" trading environment. And the company also said that trading prospects were so uncertain that it would be impossible to give a profit forecast. Shares in the company [...]
Eurotunnel’s share price drops after profit warning July 20, 2016 Eurotunnel has warned over its earnings this year and next after the pound's rapid plunge in the wake of last month's Brexit vote. The Channel Tunnel operator said its 2016 objective of €560m (£469m) in earnings before interest, taxation, depreciation and amortisation (Ebitda) was now €535m due to a change in the exchange rate. Meanwhile, its [...]
Volkswagen shares jump on surprise trading update showing operating result ahead of expectations July 20, 2016 Motor manufacturer Volkswagen boosted its share price today with an ad-hoc trading update containing positive profit news. The company said its operating results before special items is "significantly higher than market expectations for the first half of 2016" at €7.5bn (£6.3bn), "despite the ongoing economic impact from the diesel issue". Volkswagen was engulfed in scandal last [...]
Sadiq Khan urges Transport for London to take “immediate control of Southern Rail” until problems are resolved July 20, 2016 Transport for London should take immediate control of Southern Rail until problems on its lines are resolved, the mayor of London has said. Sadiq Khan has come out today to voice concern over the service and state he urgently wants to put a top TfL team in charge of failing Govia Thameslink Railways' Southern franchise. [...]
Rail lines reopen at Forest Hill after sinkhole is fixed July 20, 2016 Rail lines have reopened at Forest Hill station in South London, after two days of travel disruption due to a sinkhole under the tracks. Southern Rail said lines were open again but some train services have been "short formed due to stock displacement" – meaning there may be less seats for commuters. The sinkhole opened [...]
Uber’s heading to the UK courts over workers’ rights July 20, 2016 Uber and its drivers will head to court today to battle it out in a legal case over workers' rights. The hearing at an employment tribunal is due to begin in London and is expected to rule on the status of some Uber drivers in the first case of its kind in the UK. The action [...]
Low-cost airline Wizz Air takes its UK business elsewhere “as a direct result of Brexit” July 20, 2016 Wizz Air has halved its plans for growth in the UK in the second half of the year after the Brexit vote. The low-cost airline operator said it would be redeploying this capacity for growth to non-UK routes. Its share price shot up four per cent on Wednesday morning as it announced the news and [...]
More commuter chaos at London Bridge as station buckles on hottest day of the year July 19, 2016 Commuters travelling through one of the capital's most troubled railway stations were plunged into yet more misery this evening in blistering London heat. Trains through London Bridge and Cannon Street were delayed by up to 45 minutes through peak rush hour traffic this evening due to signalling disruption. The misery follows reports of a sinkhole [...]