Tate & Lyle agrees £930m ‘de-risking’ pension deal with Legal & General September 19, 2019 Food and drink ingredient supplier Tate & Lyle has agreed a £930m annuity insurance “buy-in” with Legal and General. Tate & Lyle has transferred its pension scheme so it is underwritten by the financial services giant, which it said would provide “certainty and security” for its affected members. Read more: Tate & Lyle reports flat [...]
Short-term let adverts banned from Tube following outcry September 18, 2019 Adverts that promoted short-term lettings in the capital have been banned from the Transport for London (TfL) network following criticism from campaigners. London mayor Sadiq Khan was urged to crack down on adverts across the Tube by firms that encouraged landlords to flout the 90-day annual limit for short-term lettings in London. Read more: Overcrowding [...]
British Airways pilots call off strike on 27 September September 18, 2019 British Airways pilots have called off a strike at the end of this month, warning more action could do “irreparable damage” to the airline’s brand. BA pilots who are members of the British Airline Pilots’ Association (Balpa) threatened to strike on 27 September in a row over pay and working conditions. They had walked out [...]
Eddie Stobart confirms takeover interest from Andrew Tinkler September 18, 2019 Eddie Stobart has confirmed it has received takeover interest from a company controlled by Andrew Tinkler, the ousted former boss of Stobart. The truck firm said it had received a “highly preliminary expression of interest” from TVFC, a company controlled by Tinkler, who was thwarted in a bruising boardroom battle over Stobart Group last year. [...]
Engineer killed working on travelator at Waterloo station September 18, 2019 An engineer has been killed while working on a moving walkway at Waterloo station. A police investigation is currently underway into the incident, which occurred in the early hours of this morning. Read more: Parcel bombs found at Waterloo linked to devices sent to British Army A one-way system has been put in place, with [...]
Car dealer Pendragon swings to loss as it gives gloomy outlook for rest of year September 18, 2019 Car dealership firm Pendragon has posted a pre-tax loss of more than £32m as it cited “very challenging” market conditions that it did not expect would improve for the rest of the year. The figures Pendragon posted a pre-tax loss of £32.2m, down from a profit of £28.4m the previous year. Read more: Pendragon called [...]
Virgin Atlantic ups IAG war with teaser for new routes at Heathrow September 18, 2019 Virgin Atlantic has upped the stakes in its face-off with British Airways owner IAG, unveiling a raft of new routes it will launch if it wins more slots at Heathrow airport. Virgin has said it intends to add 84 destinations to its map in the UK, Europe and internationally when the third runway is complete [...]
Sadiq Khan’s Ulez charge cuts polluting vehicles by over a third and bags TfL £51m September 17, 2019 Sadiq Khan’s Ultra-Low Emission Zone (Ulez), has raked in £51m in its first four months while also reducing the number of polluting vehicles in central London by a third. The policy, which charges polluting vehicles £12.50 a day for entering into the zone, was launched in April by the London mayor. Since then, the number [...]
HS2 officially signs £1bn Old Oak Common contract with Balfour Beatty group September 17, 2019 High Speed Two (HS2) has formally signed a £1bn contract for Old Oak Common station despite an ongoing review which could see the entire scheme scrapped. A Balfour Beatty, Vinci and Systra joint venture will now go ahead and build the station, which HS2 says will create 65,000 jobs and 25,500 new homes in west [...]
Thomas Cook delays crunch bondholder meeting over rescue deal September 17, 2019 Troubled travel firm Thomas Cook has secured more time for bondholders to agree to a £1.1bn rescue deal, with a crunch meeting now scheduled for next Friday. But shares fell further today after yesterday’s update to investors, dropping 3.6 per cent to just 4.5p. In the update, Thomas Cook said: “As part of the process [...]
