Troubled grocer Morrisons set for FTSE 100 demotion June 1, 2015 Morrisons is facing relegation from the FTSE 100 this month, having been earmarked for demotion by the stock market's committee. The troubled supermarket, whose share price has fallen more than 15.5 per cent in a year, is the company “nearest to the 111th threshold” to enter the FTSE 250, the London Stock Exchange said [...]
High speed Eurostar line closed after person hit by train June 1, 2015 High speed trains that run between Ashford International and London St Pancras – including Eurostar – were suspended this morning after a person was hit by a train. The fatal incident occurred near Boxley in Kent. Police and ambulance crews were called towards the end of rush hour. A British Transport Police spokesman said: [...]
Thousands of job losses expected as Malaysia Airlines enters pre-pack administration June 1, 2015 Malaysia Airlines has started a “hard reset” of its business, which could include as many as 6,000 job losses, as it struggles to keep running. Last week the troubled carrier, which suffered two major tragedies last year, entered a pre-pack administration as it transitions to a new company, Malaysia Airlines Berhad. PwC Malaysia's [...]
From Fifa and Greece to the rail strike and Queen’s Speech: Here’s what got us talking this week May 29, 2015 There was a speech. There was a protest. There were some strange-looking balloons. And rapidly receding in our memories, there was a bank holiday. Here's what got us talking this week 1. Fifa was in the news Commentators expressed but little surprise when a number of Fifa officials were arrested this week, but [...]
National rail strike: This is the pay deal that RMT has rejected in favour of striking on June 4-5 and June 9-11 May 29, 2015 Network Rail and RMT bosses are once again entering talks to see if the latest set of strikes, announced yesterday, can be averted. The national rail strike earmarked to start on bank holiday Monday earlier this week was narrowly avoided after a new offer was tabled by Network Rail bosses, in order to give [...]
Queen’s 62nd anniversary to be marked with two multiple-gun salutes on June 2 May 29, 2015 Good news multiple-gun salute fans. Next week there will be not one but two such events, marking the 62nd year of Queen Elizabeth's reign. The first – a 41-gun-salute – will take place on June 2 in Green Park, near the King's Toop Royal Horse Artillery on the southern edge of the park. [...]
Trains cancelled, delayed after lorry strikes south London bridge May 29, 2015 A vehicle has struck a bridge it was passing under in Tulse Hill, south London, causing train cancellations and delays of up to an hour. Examiners attended the scene after the Volvo lorry hit the bridge, and have now ruled it safe for trains to travel over. The line, which is used by [...]
Bobby and Christi Shepherd’s mother Sharon Wood blasts Harriet Green’s £3m donation as “abhorrent” May 29, 2015 The mother of the children who died at a Thomas Cook-approved hotel in Corfu has slammed Harriet Green's decision to donate £3m to charity as “abhorrent”. Sharon Wood, whose children Christi and Bobby Shepherd were killed by carbon monoxide poisoning in 2006, said she only learned about the donation shortly before the public announcement [...]
Retailers’ relationships with suppliers go under the microscope in wake of Tesco profit overstatement May 29, 2015 The relationship between grocers and their suppliers will go under the microscope next year, as regulators attempt to stamp out the sort of behaviour that led to Tesco overstating its profits by £263m. The Financial Reporting Council, which monitors auditing and accountancy in the UK, said it would spend next year paying particular attention [...]
British Airways flight BA115 lands in Heathrow after emergency: pilot reported “fumes on flight deck” May 28, 2015 Update: The British Airways flight that was diverted en route from London to New York has safely landed at Heathrow after issuing an emergency alert. Flight BA115 sent out a 7700 squawk this afternoon as it was flying over Ireland, changing course to return back to the capital. The squawk was subsequently changed [...]
