Half of London Waterloo station to be closed this weekend February 27, 2020 Half of London Waterloo station will be closed for the whole of this weekend as South Western Railway carries out major track maintenance and renewal work on the lines. Some lines between Waterloo and Clapham Junction will be closed, with a reduced service running in and out of the former. A spokesman for the franchise [...]
Heathrow third runway: Businesses react as High Court blocks expansion February 27, 2020 Climate groups reacted joyously this morning after the Court of Appeal upheld their challenge to the planned third runway expansion of Heathrow Airport. However, business groups expressed their “bitter disappointment” at the decision. In a seismic decision for environmental campaigners, the court found that the government’s policy statement for the third runway was “unlawful” as [...]
Heathrow third runway plans ruled ‘unlawful’ as legal challenge upheld February 27, 2020 Heathrow Airport’s third runway expansion has stalled, after a challenge in the high court was upheld in the Court of Appeal. The court found that the government’s policy statement for the third runway was “unlawful” as it did not take into account the government’s commitment to the Paris Climate Agreement, a challenge brought by mayor [...]
Rentokil extends buying spree after record revenue growth February 27, 2020 Rentokil posted its highest level of revenue growth in fifteen years in 2019 as the pest control service continued its expansion around the world. The figures The Camberley-based ratcatchers posted full year organic revenue growth of 4.5 per cent, reaching £2.7bn in 2019. Profit before tax recorded double-digit growth, increasing to £340.9m, up 10.7 per [...]
Aston Martin finance chief quits as firm falls to £100m loss February 27, 2020 Aston Martin fell to a loss of over £100m today as the luxury carmaker announced it would use 2020 to “reset” the business in order to compete in the supercar market. The firm said that the release of the new DBX and Valkyrie models, which are scheduled for the summer, would be critical to fulfilling [...]
RSA beats expectations on record year for underwriting profit February 27, 2020 RSA posted a record year for underwriting profit as the insurance giant beat analyst expectations for 2019 after restructuring its international business. The figures The British firm posted an operating profit of £656m, up from £517m in 2018 and ahead of forecasts of £644m. A record year for underwriting profit was the main driver of [...]
National Express hails record year as firm posts £240m profit February 27, 2020 Coach operator National Express today said it had “beaten [its] expectations” as the firm announced a record year for revenue and profit in 2019. The figures Profit before tax rose 9.1 per cent over the year, from £220m in 2018 to £240m last year, as the firm reported growth in every one of its divisions. [...]
Heathrow expansion: Court of Appeal set to decide on Khan’s challenge February 27, 2020 The Court of Appeal will deliver a verdict on Sadiq Khan’s challenge to a third Heathrow runway today. Khan teamed up with several local authorities, Greenpeace, Friends of the Earth and Heathrow Hub, authors of a rival extension bid, to challenge the Department for Transport’s (DfT) 2018 policy statement outlining the project. Parliament backed the [...]
UK car production falls for the fifth consecutive month in January February 27, 2020 British car production declined for a fifth consecutive month in January, but an increase in overseas orders gave the struggling sector some cause for cheer after a challenging 2019. According to new data from the Society of Motor Manufacturers and Traders (SMMT), output fell 2.1 per cent on a month-by in the first month of [...]
RMT calls on government to avoid ‘reanimating the corpse’ of rail franchising February 26, 2020 Rail union RMT has called on the government to commit to a full renationalisation of the UK’s railways ahead of the imminent Williams review into the franchising system. Although the review is expected to lead to an “overhaul” of the current system, RMT says that the concession model that is widely touted as the government’s [...]
