Rush hour nightmare: Severe delays hit four Tube lines amid Euston station shutdown August 8, 2019 Severe delays have hit several London Undeground lines this evening after a person was spotted on the track earlier today. Delays struck the Circle, Hammersmith and City, Jubilee and Metropolitan lines, Transport for London has said. Read more: Travel chaos strikes at Euston station Authorities said a trespasser had been on the tracks. Delays were [...]
Travel chaos strikes at Euston station August 8, 2019 Thousands of passengers have been stranded at Euston this afternoon as a signal failure caused severe delays on all lines out of the station. Train operators were trying to find replacement buses to get their passengers out of the station, National Rail said. The signal failures hit earlier this afternoon, with National Rail saying it [...]
Trump: Fed interest rates harming US exporters August 8, 2019 US President lashed out at the Federal Reserve today, saying a high dollar, which he blames on Fed policy, is hitting US exporting giants. The President, not a stranger to Fed-bashing said that he was not “thrilled” by the strength of the currency. Read more: A belligerent President has an effect on us all “The [...]
Evraz hails ‘healthy’ results despite massive drop in profit August 8, 2019 Miner Evraz released a set of “rather healthy results” today even as net profit dropped by more than two thirds in the first half of the year. Lower prices for vanadium and coking coal took a 22 per cent chunk off the company’s earnings before interest, tax appreciation and amortisation (ebitda). Read more: Sterling falls [...]
Lyft off: Ride-hailing app makes inroads as it beats expectations August 7, 2019 Uber rival Lyft came in ahead of analyst estimates yesterday, and predicted lower losses for the year. Second-quarter revenue hit a record $867.3m (£714.4m), a 72 per cent increase on the same period last year. Read more: Lyft shares tumble after tough week of trading Meanwhile, the ride-hailing company’s net loss hit $644.2m, up significantly [...]
Travellers brace for chaos as Ryanair pilots vote to strike August 7, 2019 Airline woes are set to be compounded later this month as Ryanair pilots become the latest to go out on strike over pensions and a host of other issues. Pilots’ union Balpa said this evening it was taking its pilots out on strike on 22 August and 2-3 September. Read more: Heathrow and Unite locked [...]
Oil price falls to lowest point in eight months August 7, 2019 The price of international oil standard Brent crude plummeted to its lowest point since the beginning of the year today as trade war worries gripped the market. The 3.2 per cent oil price drop came after a torrid week for markets, with prices down by around $8 since last Wednesday. Read more: Market correction pushes [...]
Ofgem lowers energy price cap by £75 for millions of customers August 7, 2019 Households will be left with a smaller windfall than expected as Ofgem this morning slashed the energy price cap for millions of energy customers by a smaller sum than expected. The regulator said that it would decrease the cap on default tariffs to £1,179 per year for the average household from the beginning of October, [...]
Cryin’ King: Disney investors tearful despite box office hits August 6, 2019 Record $8bn (£6.6bn) box office takings did not spare Disney investors from taking a hit last night as the company missed expectations. Shares dropped five per cent in after-hours trading as operating losses widened to $553m from $168 a year ago. It comes as the firm increased spending on ESPN Plus and built Disney Plus, [...]
Glencore to halt production at world’s biggest cobalt mine after price halves August 6, 2019 Glencore is planning to stop production at the world’s largest cobalt mine after prices for the metal plummeted. The miner has told staff that Congo’s Mutanda mine is “no longer economically viable” in a letter seen by the Financial Times. Read more: Congo starts evicting up to 2,000 illegal miners from Glencore site where dozens [...]
