Infrastructure improvements needed at the heart of devolution agenda to boost growth, according to research from the Institution of Civil Engineers June 30, 2016 Significant boosts to local growth, quality of life and environmental sustainability could all materialise if infrastructure improvements are placed at the heart of the devolution agenda, according to new research. A report from the Institution of Civil Engineers (ICE) has found that the focus on infrastructure is a key economic driver for devolution, as well as [...]
Addison Lee is buying rival Tristar as part of its US expansion strategy June 28, 2016 Addison Lee, the UK private car hire company owned by private equity giant Carlyle, is buying rival Tristar. The financial details of the deal were not disclosed, but City sources put the valuation at around £30m. Tristar, which operates the largest luxury car fleet in the UK, has revenues of £50m per year. Read more: Addison Lee is taking the [...]
BT has been ordered to pay an £8,000 fine for dangerous roadworks June 28, 2016 British Telecom (BT) has been told it must pay more than £8,000 for "dangerous and disruptive roadworks", in its 37th prosecution since 2010. Transport for London prospected BT for the poorly managed roadworks, leading BT to appear before Westminster Magistrates’ Court on 22 June. The BT offences, which took place on the Transport for London Road [...]
Fastjet’s share price drops as it announces plans to raise funds to turn around fortunes in tough market June 28, 2016 African budget airline Fastjet has announced plans to raise funds to overhaul its operations amid a challenging environment. The airline has said that its operating environment "remains challenging" as it continues to cope with lower than expected passenger numbers and negative cashflow. Read more: Turbulent year hits African budget airline Fastjet The Africa-focussed airline's share price [...]
HS2 completion timetable “unrealistic”, says National Audit Office June 28, 2016 The Department for Transport set an “unrealistic timetable” for the completion of High Speed 2 (HS2), the National Audit Office (NAO) has said. A report out today says the 2026 target for the opening of phase one of HS2 is “at risk despite good progress with some major procurements”. Read more: Why peers must press [...]
EasyJet share price is being hammered after it warned Brexit could hit it hard June 27, 2016 Shares in airline EasyJet fell as the market opened, after it warned the outcome of the EU Referendum is likely to hit it where it hurts – on top of French air traffic control strikes and the Egyptair tragedy. The airline's share were down 7.4 per cent to 1,217.4p in early trading, after it said in [...]
Over 50 business leaders have called for an “urgent” decision on airport expansion almost exactly a year after an official report lent its support to a new Heathrow runway June 27, 2016 Over 50 business leaders have called on the government to urgently make a decision on expansion of capacity at London's airports, a year after an official report backed a new runway at Heathrow. Prior to last week's Brexit vote, reports had suggested that a decision could be made as soon as 7 July. However, following [...]
Tips to make sure you’re prepared for the crowds and disruption June 24, 2016 Business travel can be both inspirational and a chore. With Euro 2016 now well underway, those lucky (or unlucky) enough to be sent across the English Channel on business may be in store for some disruption. Companies must ensure a seamless travel experience if they want their staff to be on the ball in early [...]
Evening tube chaos: Flooding hits Circle, Bakerloo, District, DLR, Hammersmith and City, Metropolitan, Waterloo and City, and overground lines as some stations are shuttered June 23, 2016 Flooding is causing chaos across the London underground this evening as commuters battle against the elements to reach polling stations. Monument Station remains closed and has been for much of the day due to flooding as the heavens opened on the day of the EU referendum; engineers are working to fix the problem. The Circle line still has sever delays [...]
Fiat Chrysler steps up recalls after actor’s death, now wants 13,000 Maserati cars back for rollaway issue June 23, 2016 Fiat Chrysler is accelerating the recall of cars in the US that could be at risk of rolling away after drivers mistakenly thought they had put the car in park. The world's seventh largest car maker is is recalling 13,092 Quattroporte and Ghibli luxury cars in the US, through its Maserati unit. Earlier this year Fiat Chrysler recalled 1.1m vehicles around the world over [...]