Virgin launches bid to stay in UK railways with plans for open-access service June 11, 2019 Virgin Trains will attempt to stay in Britain’s railways by applying for an open access service on the West Coast mainline to get around the government’s controversial snub of its franchise bid two months ago. Virgin has applied with Stagecoach, French state-owned rail company SNCF and rolling stock company Alstom to run an hourly service [...]
HS2 bulldozes BHS warehouse to make way for new Euston station June 10, 2019 High Speed Two has released images of its progress at Euston station, where it has demolished BHS’ flagship warehouse. Euston station marks the starting point of the £56bn railway, which will connect London to Birmingham in the first phase, and the West Midlands to Leeds and Manchester in the second. Read more: Transport giants unveil [...]
Crossrail contractors could ask for more money to meet opening deadline, EY warns June 10, 2019 Crossrail’s contractors are likely to demand more money if they are rushed towards the new 2019/2020 opening date, auditor EY has warned. The big four auditor has warned Transport for London (TfL) that such an outcome could increase pressure on the transport body, which is already battling the costs of the Crossrail delay. Read more: [...]
Tory leadership hopefuls on charm offensive as deadline looms June 10, 2019 Tory leadership hopefuls are frantically trying to shore up the support they need from their fellow MPs today as the 5pm deadline looms. Those hoping to replace Theresa May as Prime Minister need to submit their nominations by 5pm today. They need to demonstrate that they have secured the support of eight MPs to take [...]
Tory leadership hopeful Rory Stewart: I have enough MPs’ support to get to first round June 7, 2019 Tory leadership hopeful Rory Stewart has said he has secured enough support from MPs to progress to the next stage of the contest. The international development secretary told City A.M. he had secured the support of the eight MPs needed to progress to the first stage of the contest. “The challenge now is getting the [...]
Chris Grayling launches HS2 review to boost links with north June 6, 2019 Transport secretary Chris Grayling has kickstarted a review into how the second phase of HS2 could be more efficient and cost effective as the project’s fate hangs in the balance with the ongoing Tory leadership election. The government is seeking views on proposed changes to the route north of Birmingham, including two new junctions to [...]
IAG kickstarts search for best budding aviation start-ups June 6, 2019 British Airways owner IAG has launched its latest global accelerator programme for budding aviation startups. The Hangar 51 programme, launched in collaboration with IAG brands Iberia and Vueling, will be based in Spain this year. It will seek out start ups from around the world who will work with mentors and experts from IAG to [...]
Stobart shares climb after director triples stake June 6, 2019 Stobart shares are up nearly six per cent after a non-executive director tripled his stake in the firm. Shares were trading 5.67 per cent up at the time of writing, following David Blackwood’s decision to increase his number of shares from 15,534 to 44,534, with each share purchased for 107 pence. Read more: Stobart’s wings [...]
Stobart shares soar 10 per cent after firm gives upbeat outlook despite losses May 29, 2019 Stobart shares have soared by more than 10 per cent this morning following the release of its latest financial results showing promising growth at Southend Airport. Stobart did however see a plunge in its pre-tax profit as it counted the cost of a long legal battle as well as a long list of expensive writedowns. Read [...]
Brexit impasse sends UK business confidence plummeting, new surveys show April 15, 2019 The political crisis surrounding Brexit has sapped confidence from some of the UK's biggest and smallest companies alike, as crunch talks between Labour and the Conservatives reach a “delicate stage” this week. Read more: MPs could be forced to choose a Brexit option if talks with Labour fail More than eight in 10 finance chiefs [...]
