British Airways’ IT glitch rounds off a terrible week for the airline August 7, 2019 British Airways has tonight fixed the IT glitch that led to hundreds of cancelled flights earlier today, but industry experts say the damage to its reputation has already been done. About 117 flights were cancelled at Heathrow and 10 at Gatwick, with hundreds more delayed, leading to frustrated and stranded passengers. Read more: British Airways [...]
Travellers brace for chaos as Ryanair pilots vote to strike August 7, 2019 Airline woes are set to be compounded later this month as Ryanair pilots become the latest to go out on strike over pensions and a host of other issues. Pilots’ union Balpa said this evening it was taking its pilots out on strike on 22 August and 2-3 September. Read more: Heathrow and Unite locked [...]
Rail firms could seek costs after government scraps franchise bidding August 7, 2019 Two train firms could seek to recover costs from the government after it scrapped the bidding process for one of the UK’s largest rail franchises. The Department for Transport (DfT) insists there is no recourse for the rail firms as they enter into the bidding process at their own risk. Read more: Scrapped: Government cancels [...]
Debenhams chairman to step down as restructuring expert appointed chief exec August 7, 2019 Debenhams chairman Terry Duddy is preparing to step down next month as the beleaguered department store’s owners appoint a restructuring expert as its new chief executive. Retail veteran Duddy, who previously ran Argos and Homebase, will leave chief restructuring officer Stefaan Vansteenkiste in charge of the company, Sky News reported. Read more: Debenhams prepares to [...]
Eon struggles against energy price cap but ploughs on with landmark German deal August 7, 2019 German energy firm Eon has suffered an abrupt fall in profit for the first half of the year, as it struggled against Britain’s recent cap on electricity prices. The firm stuck by its profit targets for the whole year, despite being hit by a “particularly challenging” market in the UK. Shares fell 2.45 per cent [...]
Google-owned AI firm Deepmind suffers ballooning losses as debt mounts August 7, 2019 Deepmind, the artificial intelligence company owned by Google, has posted a huge increase in loss for the full year as its debt level reached more than £1bn. Read more: Google takes off as revenue tops expectations The London-headquartered company reported a loss of £470m in 2018, compared to £302m the previous year, according to its [...]
Ultra Electronics shares jump as firm benefits from increased US defence spend August 7, 2019 Defence engineering firm Ultra Electronics jumped 9.7 per cent today after it hiked its interim dividend. The FTSE 250 company enjoyed growing profit, revenue and orders in a “solid” first six months of the year. The figures In the first half of 2019, pre-tax profit rose to £37.9m, almost doubling from £20m the same time [...]
Boeing crisis: 737 Max grounding cuts global airline seats by 40m August 7, 2019 The grounding of Boeing’s 737 Max means at least 40m fewer aircraft seats will be available this summer. Aviation regulators across the globe grounded the jet in March after two crashes triggered by a faulty anti-stall system killed 346 people. Read more: Boeing takes $4.9bn hit on 737 Max groundings to compensate airlines Boeing hopes [...]
Youtube and Netflix among most-watched channels as streaming booms August 7, 2019 YouTube and Netflix are now the third and fourth most-watched video services in the UK, as streaming continues to eat away at traditional TV viewing. British adults watch on average 34 minutes of Youtube and 18 minutes of Netflix per day, overtaking both Channel 4 and BBC Two. Read more: The new King of the [...]
Sky Studios takes stake in UK natural history producer True to Nature August 7, 2019 Sky Studios today announced it has taken a stake in UK-based natural history production firm True to Nature (TTN), marking the first investment for the media group’s new content division. Sky Studios has secured a 24.9 per cent stake in TTN, which will create new wildlife programmes for distribution on Sky’s platform. Read more: Sky [...]