Boeing 737 Max jet hits fresh setback before test flights June 27, 2019 Boeing’s plan to return its 737 Max jet to the skies has hit a fresh obstacle, with regulators discovering a “potential risk” to the aircraft model. The Federal Aviation Administration (FAA) said it discovered the issue during simulator tests, and warned Boeing must solve the potential problem before test flights can commence. Read more: British [...]
European Commission launches antitrust probe into Broadcom June 26, 2019 The European Commission has opened an investigation into whether chipmaker Broadcom abused its market position to hurt rivals in its television and modem market. Read more: Chipmaker’s shares plummet on Huawei ban hit Margrethe Vestager, the EU’s antitrust commissioner, is also set to order interim measures against the tech giant to stop its “suspected contractual [...]
UK banks restart no-deal Brexit planning June 26, 2019 UK banks are beginning to restart preparations for a no-deal Brexit, according to auditor EY. British financial institutions had paused their Brexit strategies over the past three months after the UK’s original 29 March departure date was extended until Halloween. Read more: Boris challenges Jeremy Hunt to commit to 31 October Brexit But banks have [...]
RPS shares crash 40 per cent on profit warning June 26, 2019 Energy firm RPS saw it share price collapse by 40 per cent today as it issued a major profit warning for its current financial year. Australia bites RPS down under Poor trading in RPS’s Australia Asia Pacific division will leave full-year results “materially below” profit before tax expectations of £50m, the firm admitted. Read more: [...]
Stagecoach profits rise despite UK rail franchise loss June 26, 2019 Stagecoach has ruled out future bids for UK rail franchises today once its current operations finish in November. The transport giant also revealed higher profits for the year to the end of April despite its train business facing an uncertain future. The figures Stagecoach’s profit before tax rose 23 per cent year on year to [...]
Tube delays: Severe delays hit commuters on two Tube lines June 26, 2019 Commuters faced a morning of disruption today as Tube delays struck two key Underground lines. Read more: Tube delays strike Northern Line amid rail flooding cancellations Severe delays hit the Circle Line clockwise route after a faulty train at Latimer Road earlier this morning. The Circle Line is running a good service anti-clockwise, however, But [...]
Boris Johnson reveals he makes models of buses to relax, and Twitter lost it June 25, 2019 As mayor of London Boris Johnson may have been more synonymous with his eponymous Boris bikes, but these days he is far more at home with buses, it would seem. The Tory leadership contest favourite has hit back at negative headlines after police were called to a domestic row between him and his girlfriend Carrie [...]
New Prime Minister to be revealed on 23 July June 25, 2019 The Conservative party has confirmed it will announce its new leader, the country’s next Prime Minister, on Tuesday, 23 July. Read more: It’s Boris vs Jeremy, so what happens next? Either Boris Johnson or foreign secretary Jeremy Hunt will become the new Tory party leader depending on the outcome of a postal vote among 160,000 [...]
Boris Johnson defends Halloween no-deal Brexit pledge June 25, 2019 Tory leadership candidate Boris Johnson has doubled down on his threat to leave the EU in a no-deal Brexit by Halloween. Johnson said today he did “not believe for a moment” the UK would leave the EU without a deal. Read more: Boris Johnson tax cuts plan could cost UK £20bn a year But the [...]
Tube delays: Severe delays hit Northern Line as train routes flooded June 25, 2019 Commuters faced a miserable commute to work this morning as the Tube’s Northern Line was hit with severe delays. Read more: Londoners brace for summer Tube strike chaos Severe delays hit commuters between Morden and Camden Town northbound via the Northern Line’s Bank branch this morning following a fire alert at Morden. That had a [...]