Bombardier retains maintenance job on East Midlands franchise trains August 20, 2019 Bombardier has been tasked with maintaining 27 trains on the East Midlands Railway franchise for the next three-and-a-half years, in a contract award worth £133m. The Canadian heavy manufacturing giant will look after the 125-miles-per-hour diesel-electric trains at its Derby depot, in a continuation of services which it already runs for Abellio and Eversholt Rail. [...]
Travelex-owner Finablr profit rise bolsters shares above float levels August 20, 2019 Travelex-owner Finablr enjoyed a nearly 10 per cent rise in half-year profits, in its second financial report since floating on the London stock exchange earlier this year. Shares in the United Arab Emirates-based payment solutions firm jumped as much as nine per cent this morning, above its original initial public offering price of 175p in [...]
Manufacturers’ pains soften despite ‘Brexit millstone’ hampering firms August 20, 2019 Britain’s manufacturing headaches softened slightly over the last three months, with output stabilising despite “relentless Brexit uncertainty” continuing to weigh heavy on the industry. Manufacturers reported output fell less sharply over the three months to August, according to the CBI’s monthly industrial trends survey, meaning the industry is still in decline but the rate of [...]
Pilots union lambastes Ryanair ‘bullying’ amid attempts to block strike August 19, 2019 Britain’s airline pilots’ union has blasted Ryanair for seeking a High Court injunction to block strike action by its pilots this week. The British Airline Pilots’ Association (Balpa) said the budget flyer had “wasted time” by trying to use “legal technicalities” to persuade the High Court to block a strike due to take place on Thursday [...]
Monsoon Accessorize chief executive Paul Allen quits August 19, 2019 Monsoon Accessorize’s chief executive Paul Allen has thrown in the towel after a troubled few months at the retailer which culminated in a wide-ranging restructuring. Allen announced this afternoon he will quit the fashion retailer after six years at the firm. Read more: Creditors approve Monsoon Accessorize rescue plan Monsoon has no intention to replace [...]
Rising charges: Customers pay up to £3,000 to make a car insurance claim August 19, 2019 Extra costs that come with making a car insurance claim have skyrocketed in recent years, according to research, with some drivers having to fork out up to £3,000 to claim money back after a fire or theft. Since 2012, the average extra charge of making a claim for fire, theft and accidental damage – known [...]
British Steel buyout: Questions linger as Turkish military pension fund swoops in August 18, 2019 Government officials will this week start exclusive talks with their preferred buyer for stricken industrial firm British Steel. Ataer Holdings, a subsidiary of the Turkish military’s pension fund which is known as Oyak, reached a provisional deal to buy the firm out of insolvency at the end of last week. Read more: British Steel’s collapse [...]
Thousands of Boeing 737 Max flights booked despite lack of regulatory approval August 18, 2019 Airlines have sold tens-of-thousands of flights aboard Boeing’s 737 Max for the last few months of 2019, despite the fact the jet is still banned from the skies after two crashes killed 346 people. Tui, Norwegian and United Airlines have booked people on to more than 32,000 flights on the 737 Max 8 and 9 [...]
Octopus eyes Co-op Energy amid shifting landscape for suppliers August 18, 2019 Octopus and Co-op Energy are said to be planning to merge, as two of the most prominent challengers to the so-called big six energy firms look to upsize. Co-op Energy’s 370,000 customers could soon be subsumed by Octopus, which already has 800,000 clients. Such a move would take the new company’s customer numbers above the [...]
Boeing suffers fresh blow as it delays long-range jet amid 737 Max struggles August 15, 2019 Boeing has pushed back the development of an ultra-long-range version of its upcoming 777X jet as it struggles to get on top of the crisis which has left its best-selling 737 Max grounded for six months. The 777X will have a range of 10,500 miles, meaning it can make a 21-hour non-stop flight from Sydney [...]
