Keir Starmer: ‘Day of shame for the Labour party’ following anti-Semitism report October 29, 2020 Labour leader Keir Starmer has said today is a “day of shame for the Labour party”, after an investigation into antisemitism within the party found it was responsible for three breaches of the 2010 Equality Act. The probe, which was carried out by the Equality and Human Rights Commission (EHRC) said the party was responsible [...]
United Airlines opens door to London-New York travel with free Covid testing October 29, 2020 US carrier United Airlines has today announced the world’s first free transatlantic coronavirus testing trial in a glimmer of hope for the travel industry. Under the scheme, the airline will offer every passenger over the age of two on flights between Newark and London Heathrow a test for the disease. The trial will run between [...]
Exclusive: Transport for London aware of Croydon tram fatigue problem two years before deadly crash October 29, 2020 Transport for London (TfL) officials were told of concerns about driver fatigue on the Croydon tram network two years before a fatal crash which killed seven people – believed to have been caused by a driver falling asleep. An independent audit of the Croydon Tramlink carried out in March 2014 and seen by City A.M. [...]
Shell boosts dividend as oil giant beats profit forecasts October 29, 2020 Oil giant Shell beat analyst expectations for profit in the third quarter of a year, but the Anglo-Dutch firm’s income remained at historically low levels. It will also increase its dividend by four per cent, just months after slashing it by two-third, the first reduction since World War Two. The FTSE 100 firm posted $955m [...]
Shaun Bailey accuses Sadiq Khan of wasting nearly £10bn of TfL cash October 29, 2020 Conservative London mayoral candidate Shaun Bailey has today accused Mayor Sadiq Khan of wasting nearly £9.6bn in Transport for London (TfL) finances since 2016. According to Bailey, the failure to deliver the Crossrail rail link on time has cost £5.2bn, while pensions have drained £828m from TfL’s finances over the period. A freeze of Tube [...]
Second lockdown ‘not inevitable’, says Robert Jenrick October 29, 2020 Ministers are doing “everything we can to avoid a full national lockdown”, housing secretary Robert Jenrick said this morning. Speaking to Sky News after France and Germany both ordered new coronavirus lockdowns last night, Jenrick said that a second set of full restrictions was not “inevitable”. He added that the government believes it can control [...]
BT profit drops a fifth but telecoms giant boosts guidance October 29, 2020 Telecoms giant BT said that half-year profit had slipped 20 per cent this morning but still boosted its earnings guidance for the full year. Post-tax profit dropped from £1.07bn last year to £856m, while revenue at the FTSE 100 firm fell eight per cent to £10.6bn. The company said that the fall was due to [...]
G4S slams ‘desperate’ Gardaworld takeover bid October 29, 2020 The chairman of G4S has said that rival firm Gardaworld, which is trying to engineer a takeover of the FTSE 250 group, “desperately needs” the bigger company to “realise its ambitions”. In a letter released to the market this morning, John Connolly called for shareholders to reject a 190p per share offer for the G4S, [...]
Boeing to slash 7,000 more jobs after fourth straight quarter of losses October 28, 2020 Planemaking giant Boeing will reportedly slash 7,000 more jobs as the firm reported its fourth straight quarter of losses. As a result, by the end of the year the US company will have shed 30,000 jobs – 20 per cent of its 160,000-strong workforce. Boeing fell to a $466m loss for the third quarter, meaning [...]
How close are we to having an approved coronavirus vaccine? October 28, 2020 There are a number of vaccine programmes which have advanced to stage three trials, the final hurdle before approval, including two based in the UK. How are they progressing?
