VW set for face-off with investors in Germany at shareholders’ meeting June 19, 2016 German car giant Volkswagen will face the ire of investors on Wednesday. Questions are expected to focus on the firm’s board structure and lingering issues over emissions. Advisory groups have come out in force against the company. Hermes, EOS, Institutional Shareholder Services, and Pensions and Investment Research Consultants (Pirc) have urged clients to reject a [...]
London transport officials in early-stage talks to bring mobile coverage on to underground June 19, 2016 The London underground could be getting mobile coverage after it emerged Transport for London (TfL) is in talks with several potential providers. The discussions, still in their early stages, are thought to involve a division of the US networking giant Commscope, Airvana, which specialises in providing mobile signals in small spaces. The plans to bring [...]
Fastjet hits out at Stelios Haji-Ioannou for attacking chairman June 16, 2016 Fastjet has hit out at Sir Stelios Haji-Ioannou, the co-founder and second-biggest shareholder in the African airline, for calling on investors to oust its chairman. Child became chairman of the Tanzania-based airline in September last year. Haji-Ioannou condemned Child for taking a lot of time to appoint a new CEO after Ed Winter quit on January. Nico Bezuidenhout, who [...]
Meet Rolls-Royce’s crazy driverless supercar and the glass-fronted Mini concept car of the future June 16, 2016 Rolls-Royce has created a super luxury car of the future ditching a chauffeur and any kind of driver entirely while serving the super rich with a robot concierge. The car delivers passengers to their destination in the style of Botticelli's "Birth of Venus" with a canopy roof opening up to allow owners to stand up fully as [...]
UberEats has arrived in London June 16, 2016 Not only is Uber disrupting the way we travel, it's eyeing up the way we eat too. Now Londoners will be able to get food delivered from top restaurants straight to their door via an app in exactly the same way they now order a car. The separate UberEats app will let users order from a [...]
Uber’s Apple-backed rival Didi Chuxing just raised billions June 16, 2016 The taxi wars are hotting up. A day after reports of Uber raising a further $2bn (£1.4bn) to add to its already rather large cash pile, its rival in China has announced another $7bn in new funding that puts it squarely on the tail of the US startup when it comes to being the most well-funded private startup [...]
Airlines could sit on £112m of flight compensation this summer, as 70 per cent of customers won’t claim back for delays June 16, 2016 UK flyers could lose out on £112m in flight delay compensation this summer, according to new research from comparison website Money.co.uk. Seven in 10 UK travellers are unlikely to claim compensation from their airline this summer for delays to their journeys. However, this could be because consumer believe they will receive just £176 if they make [...]
Uber’s hungry for even more cash with plans for $2bn leveraged loan June 15, 2016 Thought the most highly valued private tech company in the world had enough money to throw around? Apparently, it doesn't. Uber is rounding up another $2bn (£1.4bn) to its already pretty huge cash mountain in its bid for world domination, but this time it's tapping the cash via a leveraged loan. Read more: Apple's favourite Chinese Uber rival [...]
Go-Ahead shares price slumps after Thameslink profit warning June 14, 2016 Go-Ahead's share price has slumped over 16 per cent after it announced profits expected from Thameslink would be sharply less than expected. In a trading update, Go-Ahead said the cost of extra investment in Govia Thameslink Railway (GTR) would halve its expected profit margins over the contract's lifetime. It said that the expected profit margin is [...]
Euro 2016: Flights cancelled due to French strikes June 14, 2016 A series of strikes in France are disrupting the European Championship. A number of flights from the Republic of Ireland and the UK have been cancelled because of a French air traffic controllers strike. The strike is disrupting flights to and from France, as well as over French airspace. Aer Lingus and Ryanair have both had [...]