Storm Brendan: Winds of up to 80mph to lash UK January 13, 2020 Britain is preparing for forceful winds of up to 80mph and heavy rain as Storm Brendan swept into the country today. The Met Office issued a weather warning for the west of the UK today, though the Republic of Ireland will be the worst hit by the storm, with the country having an orange wind [...]
Heathrow airport breaks Christmas passenger record January 13, 2020 Heathrow airport welcomed a record 80.9m passengers in 2019 to notch a ninth consecutive year of traffic growth, it revealed today. Larger and fuller aircraft pushed the passenger growth as Heathrow airport witnessed its busiest December ever, when 6.7m passengers travelled through the airport over Christmas and New Year, up 3.1 per cent compared to [...]
Monzo co-founder quits fintech bank – to farm alpacas January 10, 2020 Monzo co-founder Paul Rippon has quit the UK challenger bank he helped begin so he can spend his time farming alpacas. Rippon, a veteran of the banking sector who has also worked at Starling Bank, will leave his role as deputy chief executive of Monzo “to go and enjoy life” with his alpacas. Read more: [...]
Will cooling US jobs growth encourage Fed to cut rates? January 10, 2020 The US economy added 145,000 jobs at the end of 2019, a figure that has raised the question of another Federal Reserve interest rate cut. While the unemployment rate remained flat at 3.5 per cent in December, the total is lower than November’s 256,000 jobs, a number boosted by striking GM staff returning to factories. [...]
Samira Ahmed claims victory in BBC equal pay tribunal January 10, 2020 Samira Ahmed has won an equal pay employment tribunal against the BBC. The TV presenter claimed she was underpaid for hosting Newswatch in comparison with the salary Jeremy Vine commanded for his similarly-structured audience feedback programme, Points of View. Read more: Samira Ahmed v BBC: The court case over a 600 per cent pay gap [...]
Crossrail boss: Elizabeth Line could open in central London by summer 2021 January 10, 2020 Crossrail’s London stretch could open in “summer 2021” if a more optimistic prediction from the company proves to be accurate. Crossrail Ltd is working to launch the Elizabeth Line “as soon as practically possible” in 2021, it said today as it confirmed it plans to open the central section between Paddington and Abbey Wood in [...]
Woodford fund investors face payment delay January 10, 2020 Investors in the Woodford Investment Equity Fund must now wait until the end of the month for payouts to begin. Investors in Neil Woodford’s stricken fund, which will be wound up on 18 January., had been expecting letters on Monday, with the first payments to commence on or around 20 January. Read more: Timetable set [...]
Ryanair’s €1bn profit upgrade lifts rival airlines’ shares January 10, 2020 Ryanair profit upgrade today on better-than-expected Christmas traffic has lifted competitors’ shares on the FTSE as well as its own. Ryanair’s stock rose 6.6 per cent to €16.23 as it raised full-year profit guidance to beyond €1bn (£850m) after saying Christmas and New Year bookings were “stronger than expected”. Read more: Ryanair’s ‘abusive’ hand luggage [...]
Superdry shares plunge as it warns profit could hit zero January 10, 2020 Superdry witnesses its stock plummet in early trading today after issuing a dramatic profit warning on the back of underwhelming sales over its peak Christmas trading period. The fashion retailer now expects underlying profit before tax to range up to £10m, but warned it could vanish altogether after booking “lower than anticipated” retail sales of [...]
Boeing 737 Max ‘designed by clowns supervised by monkeys’, internal memos say January 10, 2020 Boeing staff joked about possible flaws in the 737 Max model and mocked regulators in hundreds of messages the jet manufacturer has handed over to investigators. The messages also saw an employee say of the plane in April 2017: “This airplane is designed by clowns who in turn are supervised by monkeys.” Read more: World [...]
