Addison Lee’s tech push pays off as car firm says revenues are on track to rise 40 per cent February 16, 2017 Addison Lee expects revenues to rise 40 per cent this year, following the firm’s £100m investment in technology, including developing an app. The tech push has been part of the private car hire firm's efforts to bolster its position against the rise of the likes of Uber. Addison Lee said its executive car bookings are [...]
Business secretary Greg Clark heads for Paris talks with French government and PSA over possible GM deal February 16, 2017 Business secretary Greg Clark has travelled to Paris for talks with the French government and PSA over the french company's prospective takeover General Motors’ European Opel operations, including Vauxhall. Clark is to meet with French industry minister Christophe Sirigue and PSA just hours after Unite’s Len McCluskey said he was seeking “urgent talks” with PSA. The union leader [...]
The strike saga continues: Members of train drivers’ union Aslef have rejected the Southern rail deal February 16, 2017 Members of train drivers' union Aslef have rejected the deal their union and Southern Rail had agreed. Earlier this month, a TUC-brokered deal was agreed in the long-running dispute between Southern rail and Aslef over the role of the guard, in the wake of fresh talks. It was expected to bring the row over the so-called [...]
Norwegian airline revenue jumps 16 per cent but shares fall on expansion costs as carrier ramps up transatlantic operations February 16, 2017 Despite reporting a record annual result with net profit of £109m, Norwegian shares had fallen nearly five per cent at the time of writing as its costs are rising faster than expected. The airline is ramping up its transatlantic operations and plans to announce new routes from Ireland and Scotland in the coming weeks. The figures Net [...]
Look out below! Northern Line extension gets underway with a huge crane putting tunnelling giants in place February 16, 2017 The time is here: these giant boring machines have been lowered 20m underground in Battersea ready to get the £1.2bn Northern Line extension underway. To lift these hefty machines – they're 650 tonnes each – Transport for London (TfL) has wheeled in a huge 750-tonne crane. The two machines, named Helen and Amy by local [...]
Under Armour boss backtracks after calling Donald Trump an “asset to this country” as analyst downgrades stock February 16, 2017 Kevin Plank hasn't had the best week. The Under Armour chief executive came under fire for his comments on Donald Trump, after giving an interview to CNBC last week saying: "To have such a pro-business President is something that is a real asset to this country." It caused a backlash, including from some of Under [...]
Both GM’s Opel and PSA lost European market share last month as the firms mull a deal February 16, 2017 A bumper European car market has underlined the reasons behind a prospective deal between General Motors (GM) and PSA over GM's European business. Both companies posted weaker European sales in January than any other carmaker according to the Association of European Carmakers (ACEA). They also lost market share to Fiat Chrysler Automobiles in Europe – [...]
Nestle misses long-term annual organic growth target for fourth year on the trot February 16, 2017 The KitKat, Smarties and Nespresso maker has announced another year of slowing growth in a tough environment and has slashed its sales growth target as a result. The news has left a bit of a bad taste in investors' mouths – shares edged down 1.37 per cent in early trading. The figures Nestle is aiming for sales [...]
Wizz Air boss says new base at London Luton Airport underlines airline’s “commitment to the UK” February 16, 2017 Low-cost airline Wizz Air has announced plans to open a UK base at London Luton Airport. The new base in Britain, its 28th in total, will open on 18 June this year with a new Airbus A320 aircraft. The carrier also plans to bolster its presence at Luton, where it is currently the second largest [...]
Unite wants Nissan-style assurances for Vauxhall plants in the UK after raising job concerns over Peugeot and GM deal February 15, 2017 Unite union is seeking assurances for UK car plants in line with Nissan's, after PSA and General Motors confirmed they were in talks over a possible sale of GM's European business. The news has led to concerns over job losses in both Germany and the UK. The German economy minister Brigitte Zypries said unions should have [...]
