Flybe to cut flights from four UK airports as airline struggles with wave of cancellations April 3, 2019 Regional airline Flybe will reduce flights from four UK airports as part a previously announced strategy to return all of its 118-seat Embraer 195 aircraft to its lessors. Flybe, which was recently sold to a Virgin-led consortium for £2.8m, will stop flights from Cardiff, Doncaster, Exeter and Norwich with the jets, but will continue to fly the 78-seat [...]
Google UK employees earned £226,000 on average last year April 3, 2019 Staff at Google’s UK offices earned an average of £226,000 last year after the firm paid out more than £340m through its share scheme. The tech firm paid £829m to its employees in the year to the end of June, up from £657m the previous year. The company, which currently has three main offices in [...]
US services sector continues its trend of solid growth April 3, 2019 US services sector growth weakened in March but continued its three-year long run of expansion, data released today showed. Read more: Eurozone services sector grows faster than expected Business expectations dropped to the lowest level since December 2017, however, as firms highlighted concerns about global trade tensions, economic growth worries and intense competition. The US services business [...]
Jeremy Corbyn confirms customs union demand as Theresa May opens crunch Brexit talks April 3, 2019 Labour leader Jeremy Corbyn is set to meet Theresa May at 2.30pm today to see if the pair can strike a Brexit deal. Read more: Tory whip quits over PM's Brexit talks with 'Marxist' Corbyn The Prime Minister last night invited the Labour leader for talks as she called for “national unity” to break the [...]
European stock markets rise ahead of US-China trade talks April 3, 2019 European stock markets rose today as markets reacted well to upcoming US-China trade talks, and took heart in a growing Eurozone service sector and better-than-expected retail sales. Read more: Global stocks rise with investors optimistic about US-China trade talks Germany’s benchmark Dax index was the biggest climber, rising 1.2 per cent by 1.30pm UK time, [...]
Government urges businesses to ramp up cyber security as attack costs increase April 3, 2019 The government has called on businesses and charities to beef up their cyber security defences after new figures revealed the financial cost of breaches has shot up. A survey published by the Department for Digital, Culture, Media and Sport (DCMS) revealed the percentage of businesses suffering attacks has dropped to 32 per cent, down from [...]
SSE fined £700,000 for missing smart meter rollout target April 3, 2019 Energy supplier SSE has been slapped with a £700,000 fine for lagging behind on its smart meter rollout. It took the company until February this year to install gas meters for all customers who should have had them by the the end of 2018, Ofgem said. Read more: Watchdog threatens energy provider with ban SSE [...]
May called business chiefs to reassure over latest change in Brexit negotiation plan April 3, 2019 Theresa May last night tried to reassure bosses at some of Britain’s biggest firms, including Rolls-Royce, BT and GlaxoSmithKline, about her latest change in direction on Brexit negotiations. The PM hosted a call with the co-chairs of her business councils last night, shortly after announcing she would look for another extension to Article 50 so [...]
European car makers face €7.4bn bill to meet looming EU emissions rules April 3, 2019 The biggest car manufacturers in Europe are careering towards a €7.4bn crash in profits from the cost of meeting the EU’s emissions rules, UBS has warned. Regulations set to come into effect in 2021 will force car firms such as Volkswagen, BMW and Renault to produce no more than 95g of CO2 per kilometre, but [...]
Iranian cyber attack harvested details of MPs and chief executives April 3, 2019 Iranian hackers launched cyber attacks on key parts of British infrastructure, gaining access to MPs' mobile phone numbers, in a major breach just before Christmas, according to reports. The 23 December attacks are also said to have hit UK private-sector firms including the Post Office and banks, as well as local government networks. Sky News yesterday [...]