Ofcom will leave current postal rules in place for five years after Royal Mail performance improves March 1, 2017 Communications regulator Ofcom has said it will leave current postal rules in place for five years after concluding a review of Royal Mail regulation, saying it had made progress. The regulator said the service had been under "significant pressure" incurring a loss of more than £100m in 2011 as people continued to send fewer letters, but [...]
President Trump promises “new chapter of American greatness” in first speech to Congress March 1, 2017 President Donald Trump promised a "new chapter of American greatness" in his first speech to Congress, though he's still yet to provide detail on his plans. The President said the US was witnessing a "renewal of the American spirit" and that "our allies will find that America is once again ready to lead". Read more: Migrants [...]
UK car manufacturers eye international opportunities though Brexit jitters remain March 1, 2017 The UK car industry is "cautiously optimistic" about the future, though Britain's exit from the European Union is still seen as the biggest threat to the sector. Lloyds Bank's third annual survey of the sector found that average investment over the next couple of years is due to stay steady at 19 per cent of turnover, [...]
Strike action spreads as Southern rail, Northern and Merseyrail staff will stage walkouts February 28, 2017 A flurry of fresh strike action is set to disrupt Britain's rail services after the RMT announced Southern rail, Northern and Merseyrail will face walkouts. A one-day walkout has been announced across all three train operators for Monday 13 March as the dispute over the role of the guard spreads. The RMT said it had been [...]
Heathrow’s environmental charm offensive: Airport plans to cut late-running departures to reduce noise for locals February 28, 2017 Heathrow has unveiled a new "sustainability strategy", setting out ambitious goals to reduce the airport's environmental impact including making growth from the third runway carbon neutral. It also plans to halve the number of late-running departures to reduce noise for local communities in a voluntary Quiet Night Charter. As part of this strategy, the airport has [...]
Tui UK says it’s “so very sorry for the pain and loss” caused by the 2015 Tunisia terror attack as families plan legal action February 28, 2017 Nick Longman, Tui UK's managing director, has said the company is "very sorry for the pain and loss" of those affected by the 2015 Tunisia terrorist attack. A coroner has concluded the police response to a terror attack at the Tunisian beach resort where 30 Britons died was "at best shambolic and at worse cowardly", [...]
Rolls-Royce freezes the pay of 8,000 managers as it gears up for a challenging 2017 February 28, 2017 Rolls-Royce has frozen pay for around 8,000 managers, about 4,600 in the UK, as the company prepares for a challenging year ahead. Losses at the aeroplane engine maker were worse than expected last year as it racked up a £4.6bn loss before tax. Read more: Rolls-Royce made its largest ever loss last year City A.M. [...]
This firm thinks we’re all going to car share in the future and this is what it’ll look like February 28, 2017 From Uber to Bluecity, many firms are getting in on car-sharing or carpooling these days. But design firm Ideo thinks in the not so distant future, we could all be sharing cars. It has designed a new concept for the future of the car in the next 10 years, as ride-sharing and the on-demand economy expand [...]
Go-Ahead’s rail division profit slumps 35 per cent as it counts the cost of Southern rail strike troubles February 28, 2017 Go-Ahead shares have slumped 14 per cent after it warned over full-year profits. Interim earnings at its rail division plummeted 35 per cent on the back of months of Southern rail disruption. The transport giant, which owns 65 per cent of the Southern franchise through Govia Thameslink Railway (GTR), said full-year results were lowered due to "the [...]
St James’s Place boss David Bellamy is stepping down after 26 years at the wealth manager February 28, 2017 David Bellamy is stepping down from the board at St James's Place, it was announced today. He will be succeeded by chief financial officer Andrew Croft, while chief risk officer Craig Gentle joins the board as chief financial officer. The news sent shares down seven per cent in early trading to 1,021p. Bellamy became chief [...]
