Jaguar Land Rover cuts 500 jobs at factory near Liverpool in ‘further blow’ for UK car industry January 22, 2020 Jaguar Land Rover has announced it is cutting 500 jobs from its Halewood factory, near Liverpool. The car maker said it is “taking action to optimise performance, enable sustainable growth and safeguard the long-term success of our business”. Jaguar Land Rover’s Halewood plant employs about 4,000 contracted workers, plus more than 1,000 agency staff. They [...]
Record number of flights for private jet airport Farnborough January 21, 2020 Farnborough Airport enjoyed a record number of air traffic movements last year, beating its previous record set in 2018. The airport – one of Britain’s busiest for private jets – saw a year-on-year increase in air traffic movements of 5.3 per cent. Air traffic movements to and from US airports grew by one-sixth, while traffic [...]
Energy services firm Sureserve enjoys rising profit as demand increases in core markets January 21, 2020 Sureserve enjoyed a rise in core profits of more than one-quarter last year, as demand grew in its two core compliance and energy services markets. The Aim-listed company maintains and installs boilers, and makes sure homes are energy efficient among other services Profit excluding exceptional items rose 26 per cent to £8.3m in the 12 [...]
Watchdog warns financial advisers on causing ‘significant harm’ to clients January 21, 2020 Financial advisers were ticked off by the Financial Conduct Authority (FCA) today for causing harm to consumers. In a letter to chief executives, the FCA noted a growing number of cases where firms’ actions resulted in “significant harm to consumers’ financial well-being”. It picked out four ways in which clients could be harmed: receiving unsuitable [...]
Sajid Javid denies ‘no alignment’ with EU plan will hit manufacturers January 21, 2020 Sajid Javid has denied the government’s policy of “no alignment” with European Union rules will damage the manufacturing industry. The chancellor was asked whether comments made over the weekend that some firms would not benefit from Brexit meant he was prepared to sacrifice some UK manufacturers. He said: “No, not at all. We look forward [...]
Network Rail investigated for ‘poor performance’ in Midlands and north west January 21, 2020 Network Rail is being investigated over poor performance on train lines in the northwest and the Midlands. The Office of Rail and Road (ORR) has put the company on a warning over the performance on Northern and TransPennine Express routes. Network Rail is publicly-owned, and operates the UK’s physical rail infrastructure, such as tracks, signalling [...]
Why London black cabs might ferry you around the Tokyo Olympics January 21, 2020 Londoners visiting Tokyo this summer will find a small part of home on the streets of the Japanese capital, after a fleet of London black cabs comes to the city in time for the Olympic Games. The London Electric Vehicle Company, the UK-based maker of the plug-in hybrid version of London’s black cabs which is [...]
Government doubles funding for electric car charge points to £10m January 21, 2020 The transport secretary has announced a fresh wave of funding to build thousands more on-street residential electric vehicle charge points this year. Grant Shapps said he hoped to help make it easier to find “affordable, reliable” charge points for electric car drivers by doubling current funding to £10m. This is enough to build up to [...]
HS2 Q&A: Where is the route, how much will it cost and when will it open? January 20, 2020 Today’s forecast that the cost of HS2 could soar as high as £106bn will come as no surprise to close observers of the project. The number, calculated by infrastructure consultant Michael Byng, is in line with Prime Minister Boris Johnson’s prediction last year that the project will come in “north of £100bn”. But the figure [...]
HS2: Pressure mounts on Boris Johnson from all sides after leaked review January 20, 2020 Britain’s business groups have demanded Boris Johnson press on with the HS2 rail line as soon as possible, as the pressure mounts on the PM to make a decision on the divisive project. It comes amid today’s revelations that the government-commissioned review of the scheme is set to predict the cost could rise to £106bn. [...]
