Union ballots staff over ‘deeply damaging’ nationwide rail strike June 28, 2019 Train drivers are set to vote on the first nationwide rail strike in a generation as union bosses lashed out against the government over pension arrangements. Read more: Londoners brace for summer Tube strike The Rail, Maritime and Transport (RMT) union will ballot thousands of members on whether to hold national industrial action over fears [...]
Costain shares sink 40 per cent on profit warning June 28, 2019 Costain’s share price plunged this morning as it warned investors that contract delays would hit revenue and profit for this financial year. Later start dates for projects like the M6 smart motorway and the southern section of High-Speed Rail 2 are set to push revenue “lower than anticipated”, Costain said in a trading update. Read [...]
Brexit stockpiling helps UK economy grow 1.8 per cent in early 2019 June 28, 2019 Brexit stockpiling gave a 1.8 per cent boost to the UK economy in the first quarter of 2019 compared to the same quarter last year, figures confirmed today. UK GDP rose 1.8 per cent in January to March compared to its corresponding 2018 quarter. That figure beat the 1.4 per cent quarterly growth between October [...]
Tory leadership contest: Boris Johnson plans emergency budget for no-deal Brexit June 28, 2019 Boris Johnson is set to outline an emergency budget featuring heavy tax cuts in the event of a no-deal Brexit, it is reported. Read more: Jeremy Hunt accuses Boris Johnson of getting Brexit facts wrong The Tory frontrunner and favourite to be Britain’s next Prime Minister has committed to leaving the EU with or without [...]
Police find ‘nothing suspicious’ on jet after emergency Stansted landing June 27, 2019 Police have found nothing suspicious on board a passenger jet that made an emergency landing at London Stansted Airport over a bomb threat hoax. The landing took place just before 10.30am today after two RAF Typhoons escorted the Air India B777 Flight 191 to Stansted. The bomb threat turned out to be a hoax, with [...]
Bitcoin crashes from libra high after Coinbase outage June 27, 2019 Bitcoin sank almost $2,000 to give up gains last night as volatility returned after the cryptocurrency approached $14,000. Read more: Bitcoin surges towards $13,000 thanks to Facebook libra Facebook libra’s launch had buoyed bitcoin, pushing the price up until it was just shy of $14,000 last night, its highest level since January 2018. But over [...]
Tube drivers get ear defenders for ‘screeching’ Underground lines June 27, 2019 Transport for London (TfL) has offered Tube drivers ear defenders to protect them against high levels of noise from new sections of track, after their union threatened a strike. Drivers on the Victoria, Jubilee, Central, Piccadilly, Bakerloo and Northern Lines will receive the mufflers to cope with noise levels that reportedly reach up to 109.5 [...]
UK passes law to slash greenhouse gas emissions to ‘net zero’ by 2050 June 27, 2019 The UK has enshrined in law a target to cut greenhouse gas emissions to “net zero” by 2050, becoming the first major economy to legislate to curb its global warming contribution. That compares with a previous target to slash greenhouse emissions by 80 per cent from 1990 levels. Read more: Is there any merit to [...]
Pendragon CEO leaves after just three months in charge June 27, 2019 Car dealership Pendragon’s chief executive is stepping down less than three months into the job. Read more: Pendragon shares crash on ‘accelerating’ losses Mark Herbert will quit his post as CEO on 30 June by mutual agreement with the board, the firm advised today. Herbert, who only joined the company in April, was called a [...]
Tory leadership race: Boris Johnson and Jeremy Hunt reveal fresh pledges June 27, 2019 Boris Johnson has promised to deliver an Australian-style points-based immigration system as Prime Minister if he wins the Tory leadership race. Johnson vowed to be “tougher on those who abuse our hospitality” and restore the public’s trust in the UK’s immigration system. Read more: Like Boris, Jeremy Hunt should beware of promising spending splurges Meanwhile, [...]