Airports face ‘hostility’ from both Labour and Tories, says former transport minister November 28, 2019 Both Labour and the Conservatives have been accused of “hostility” towards Britain’s airports, amid concerns over whether the expansion of Heathrow will go ahead under the next government. This morning, former Labour aviation minister Jim Fitzpatrick said that politicians in Westminster are “nowhere near” catering to the needs of the airport industry. Read more: Heathrow [...]
Southeastern rail franchise on course for another extension as Go Ahead in talks with government November 28, 2019 Go Ahead, the company which operates the Southeastern rail franchise, is in talks with the government over extending its contract to run the line beyond the current 1 April end date. The competition for the franchise was unexpectedly scrapped in August and a five-month extension awarded to Govia, the joint venture between Go-Ahead and Keolis, [...]
Car production falls again amid ‘worrying times’ for UK automotive industry November 28, 2019 Britain’s car manufacturing industry suffered another month of decline in October, with 5,000 fewer vehicles made than in the same period last year. Manufacturing output fell four per cent in October, as 134,752 cars rolled off production lines, driven largely by weak demand in the UK market, according to the Society of Motor Manufacturers and [...]
London is the busiest city in Europe for private jets, according to research November 28, 2019 London has retained its position as the busiest city in Europe for private jets, with more than twice as many so called business aviation flight departures as the next most active city, according to research. The capital saw 4,577 private flights leave its selection of business aviation airports last month, which include Stansted, Biggin Hill [...]
Rolls-Royce shares move down a gear as analysts cut rating November 27, 2019 Rolls-Royce shares have fallen 2.8 per cent today, after analysts on both sides of the Atlantic lowered their rating of the firm’s stock. Analysts at Morgan Stanley cut their rating to a neutral “equal-weight” assessment. Read more: ‘Hailstorm’ of jet engine fragments cause chaos in Rome They said the firm’s weaker underlying cash flow was [...]
Victoria Beckham’s fashion business has turned a loss – again November 27, 2019 Victoria Beckham’s fashion business turned another loss last year, after demand for its clothes “plateaued”. The company, called Victoria Beckham Limited, has not made a profit since its 2008 launch. It reported a £12.3m loss last year, with sales slipping 16 per cent to £35m amid weaker wholesale demand. Read more: Victoria Beckham’s fashion HQ put [...]
Tesla CEO Elon Musk claims his new Cybertruck already has 250,000 orders November 27, 2019 Elon Musk has suggested that his unorthodox new electric pickup truck has already received a quarter-of-a-million orders since its unveiling last week. The so called Cybertruck, made by Tesla, has caused a stir in the automotive industry since its launch on Thursday, with its unconventional shape and hefty $39,900 price tag making it a target [...]
US President Donald Trump boasts of his ‘gorgeous’ chest and denies heart attack theories November 27, 2019 Donald Trump has denied theories that he suffered a heart attack earlier this month, heaping praise on his own “gorgeous” chest. At a political rally in Florida yesterday, the President of the United States was forced to stress that he was in rude health, but admitted he visited the US army’s national medical centre on [...]
Holiday firm On The Beach has taken a £25m hit from the collapse of Thomas Cook November 27, 2019 Package holiday company On The Beach has taken a £25.6m hit from the collapse of Thomas Cook, as the cost of getting stranded holidaymakers home weighed on the firm. The company maintained that the failure of one of its biggest rivals would ultimately help it in the long run, despite profits falling more than a [...]
Engineering firm Jacobs hires 2,400 people as it eyes UK expansion November 27, 2019 Jacobs, the Dallas-based engineering giant, will hire 2,400 people in Britain over the next two years, it announced this morning. Read more: Crossrail at risk of facing further delays The firm, which has major contracts on Crossrail, the Thames Tideway super sewer and the refurbishment of the Houses of Parliament, said it would bolster its [...]
