Rolls-Royce launches new Pearl engine for Bombardier business jets May 29, 2018 Rolls-Royce has launched a new family of engines designed especially for Bombardier's latest business jets. The engineering giant has launched a new engine family called the Pearl, which has been purpose built for the Bombardier Global 5500 aircraft and Global 6500 aircraft. It will be the sole engine for Bombardier's latest business jets. The Pearl [...]
Momentum activists urge Labour leadership to give members a vote on Brexit May 28, 2018 Members of leftwing pressure group Momentum are pushing for a vote on Brexit at the Labour party's annual conference in September. Senior figures of Labour's vanguard were quoted in the Observer saying it would be "unacceptable" for members not to have a say on Brexit, especially since a key part of Jeremy Corbyn's winning manifesto [...]
MPs say government’s Heathrow expansion proposals need a rejig before a vote in parliament March 23, 2018 Parliament should approve the government's case for a third runway at Heathrow – but only after concerns around air quality, noise and costs are properly addressed, a report has found. The transport select committee's long-awaited scrutiny of the government's plans supports the case of pushing on with the development of a third runway at Heathrow, [...]
Claimants up the stakes against Clydesdale Bank over Tailored Business Loans with second legal letter March 22, 2018 The stakes have been raised in a £1bn dispute against Clydesdale Bank and National Australia Bank (NAB) after lawyers for a group of small businesses sent a second letter threatening legal action. Claim management group RGL Management, which acts for the group, has accused Clydesdale Bank and NAB of acting fraudulently and dishonestly in their [...]
Sadiq Khan says London has hit “milestone” of 100 rapid charging points for electric vehicles across city March 19, 2018 London's mayor Sadiq Khan has today unveiled 100 rapid charging points for electric vehicles, as the capital moves closer to its target of becoming a zero-emissions city. Approximately 2,000 standard charge points are already installed across London, but the new launch will see taxis have access to 51 new rapid charging points across the city. [...]
Former Deutsche Bank trader charged with Euribor rigging in SFO probe pleads guilty March 16, 2018 A former star trader who was once considered one of Deutsche Bank’s most successful bankers has pleaded guilty in a Serious Fraud Office (SFO) probe into Euribor manipulation. Christian Bittar, who was among six traders charged in the first SFO case that focused on the Brussels-based benchmark, pleaded guilty to the offence on 2 March. News [...]
London mayor and TfL have just confirmed fares for the Elizabeth Line ahead of December launch March 16, 2018 Transport for London (TfL) and mayor Sadiq Khan have confirmed the fares for the highly anticipated Elizabeth Line ahead of the £14.8bn project's launch in December. TfL said that it will be charging the same prices on Elizabeth Line pay-as-you-go fares within zones one to six, as the rest of existing TfL services. The Crossrail [...]
Ex-Barclays trader Alex Pabon loses appeal against conviction for Libor rigging March 13, 2018 Former Barclays trader Alex Pabon has lost an appeal against his Libor rigging sentence after a court found that doubts surrounding the credibility of an expert witness did not merit his conviction being overturned. Pabon was among three traders to be convicted by the Serious Fraud Office (SFO) in 2016 for their roles in [...]
Darktrace’s bright future: The CEO behind the company tipped to be the UK’s next tech unicorn March 12, 2018 In the heart of London, in the middle of the Strand, the office of Darktrace sits almost like a fortress; a sea of calm in the chaos and uncertainty that reigns in every global city. From here, maths whizzes and former intelligence officers have helped build a product sought after by multi-billion pound companies keen [...]
Stobart to invest £40m in London Southend Airport from 2018 to 2021 March 8, 2018 Stobart is set to invest up to £40m in London Southend Airport between 2018 and 2021 after its aviation division benefited from a 25 per cent increase in passengers. Shares in Stobart were up three per cent at the time of writing. In its trading update the biomass energy firm said it would continue to invest [...]
