Balfour Beatty bullish on full year order book growth December 12, 2019 Balfour Beatty was bullish in its predictions for year-end results this morning, as it expects its order book to be significantly bigger than 2018, while profit will likely be flat. Britain’s biggest construction company, which has a significant presence in Hong Kong, said it had not seen any negative effects from civil unrest in the [...]
Saudi Aramco shares surge 10 per cent in $25.6bn stock market debut December 11, 2019 Saudi Aramco’s shares jumped 10 per cent today, as the kingdom’s state-run oil company started life as a public company on Riyadh’s Tadawul stock exchange. The rise took the oil behemoth’s market value to nearly $1.9 trillion (£1.45 trillion), meaning it is now comfortably the world’s most valuable listed firm. Read more: Institutional tranche of Saudi [...]
Boeing 737 Max: Grounding could cost tour operator Tui €400m next year December 11, 2019 Tui has admitted the grounding of its fleet of Boeing 737 Max planes could cost up to €400m next year if it does not return to the skies by April. The world’s biggest tour operator said that if the global ban on the jet lasts beyond February next year it will not have time to [...]
Revealed: The five most expensive rail routes into London December 11, 2019 Overpriced tickets? Frequent delays? Nowhere to sit? For the millions of people who take the train into London every day, this probably sounds familiar. And to add insult to injury, the five most-expensive rail commutes are for journeys into London – with some passengers paying more than £500 a month just to get into work. [...]
‘World’s first’ fully-electric commercial flight takes off in Canada December 11, 2019 A fully-electric passenger seaplane has taken off in Vancouver, Canada, in what has been described as a “world first” in aviation. The test flight by Harbour Air and Magni X was by a six-passenger plane, fitted with an electric motor – the first all-electric commercial aircraft. Read more: Electric-powered regional flights ‘could be taking off [...]
Not quite Frost/Nixon: Boris Johnson hides in fridge as adviser rows with TV reporter December 11, 2019 A frustrated media adviser to Boris Johnson was filmed swearing at a reporter live on ITV this morning, as the Prime Minister retreated into a fridge in response to a request for interview. Johnson was participating in an early morning milk round in Yorkshire today when Rob Oxley blocked the path of an ITV reporter [...]
Thanksgiving passengers give Heathrow US boost in busiest ever November December 11, 2019 Heathrow enjoyed its busiest ever November this year, as Thanksgiving celebrations helped boost passenger growth to and from the US. British Airways and Amercian Airlines brought in new routes to Pittsburgh and increased flights on other journeys. Read more: Heathrow breaks the history books with over 80m passengers Meanwhile, Delta and Virgin Atlantic also ramped [...]
All change at Stagecoach as chairman steps down December 11, 2019 Stagecoach suffered a fall in revenue in the first half of the financial year, as chairman Sir Brian Souter said he planned to step down this morning. The company said the fall in profit and revenue reflected the changing size of its business, as it updated market for the first time since it relinquished control [...]
Steel makers face another tough year ahead, says Moody’s December 10, 2019 European steel makers have been dealt a gloomy forecast for next year, as Moody’s ratings agency predicted slowing demand and deteriorating profitability for the industry. Key sectors using European-made steel such as the automotive industry are likely to need less of the material next year amid a wider market slowdown, it said. Read more: New [...]
‘Warning bells’: Former Boeing employee to testify after 737 Max concerns December 10, 2019 A former Boeing employee has spoken of his guilt that he did not do more to try to alert people to the dangers of the 737 Max jet, before giving what could be damning evidence against the firm tomorrow. Boeing’s 737 Max was grounded after being involved in two deadly crashes in Indonesia then Ethiopia, [...]
