Rolls-Royce shares rise 10 per cent following bullish growth forecasts after restructuring plan June 15, 2018 Shares in Rolls-Royce were flying 10 per cent higher today after the car and aviation manufacturer said it was on track to exceed its target of £1bn of free cash flow by 2020. Shares in the company stood at 972.2p, slightly down from an earlier morning rally in which they were trading at 999.8p. Rolls-Royce [...]
Chris Grayling tells rail companies compensation for disrupted passengers is ‘not optional’ following complaints over payouts June 15, 2018 Chris Grayling has told train companies that customer compensation is not "optional" following an investigation that suggested misleading advice was still being to customers. The transport secretary has written to train operating companies following an investigation by consumer watchdog Which? that found some were still refusing to consider consequential loss claims despite being obliged to [...]
Outgoing Network Rail chief Mark Carne turns down £70,000 bonus over ongoing train timetable saga June 15, 2018 The outgoing boss of Network Rail Mark Carne has turned down his annual £74,000 bonus for the year following the company's role in the ongoing timetable disaster that has wreaked havoc across London and the North. Rail Magazine reported that Carne had written to the Network Rail chairman, Sir Peter Hendy, to say that he [...]
DWF latest law firm to catch flotation bug with £1bn IPO June 15, 2018 International law firm DWF is the latest law firm to signal its intention to float on the London Stock Exchange with a sale that could raise up to £1bn. The Times first reported that the firm was mulling an Initial Public Offering (IPO). It was later confirmed by the firm in a statement on its [...]
Ryanair calls for urgent action to prevent air traffic control strikes causing summer ‘meltdown’ June 14, 2018 Ryanair has called on EU governments to intervene in the ongoing crisis over Air Traffic Control (ATC) services, warning that if something is not done there will be a "meltdown" this summer. The budget airline has issued its call to arms as it prepares to grapple with more strikes by ATC staff in France this [...]
The system was flawed, says lawyer acting for trader accused of Euribor rigging June 14, 2018 The barrister defending a former Barclays trader accused of taking part in a conspiracy to rig the Euro Interbank Offered Rate (Euribor) has said the system was "flawed" and that his client never acted dishonestly. Sean Larkin QC is defending Carlo Palombo against accusations of rigging the interest rate relied on by a number of [...]
LOT Polish Airlines to launch direct flights to Warsaw from London City Airport June 14, 2018 Poland's flag carrier LOT Polish Airlines will fly direct to capital city Warsaw from London City Airport from January next year. The launch marks the 100th connection for the Polish airline. When it launches on 7 January next year there will be two daily flights, for which LOT has acquired through lease four new Embraer [...]
South Western Railway passenger journeys dropped by 18m last year as franchises veer off track June 14, 2018 Embattled train operator South Western Railway (SWR) saw a dramatic drop of 18m passenger journeys over the past year as it grappled with engineering works at Waterloo, a switch in franchise ownership and industrial action. London's busiest station underwent an upgrade in a bid to boost capacity by 30 per cent, which has largely contributed [...]
Competition watchdog flags concerns over media intelligence merger between Nielsen and Ebiquity June 13, 2018 The proposed merger of marketing consultancies Ebiquity and Nielsen has sparked concerns from the competition watchdog. Nielsen and Ebiquity monitor the advertising habits of companies and are the only suppliers of this intelligence across the UK media. Ebiquity announced in February that it wanted to sell its advertising division to Nielsen. The Competition and Markets [...]
Gatwick airport unveils £1.1bn five-year plan to ramp up growth without expansion June 13, 2018 Gatwick is finding alternative ways to tackle its capacity problem, announcing a new five-year plan that will pump an extra £1.1bn worth of investment into the airport. Gatwick, the UK’s second largest airport, said it expected passenger numbers to reach 53 million by 2023. It has repeatedly asked to be able to build a third [...]
