Let’s get down to business: WTO boss Roberto Azevedo is ready to work with Donald Trump November 9, 2016 The head of the World Trade Organisation has said he's ready to get to work with Donald Trump and will support his administration. "US leadership in the global economy and the mulilateral trading system remains vital," said WTO director-general Roberto Azevedo in a tweet, while congratulating Donald Trump on his election victory. "It's clear many [...]
Tube ticket offices won’t be reopened, says chair of the London Assembly Transport Committee November 9, 2016 London Underground ticket offices are unlikely to be reopened, according to the chair of the London Assembly Transport Committee. A review by independent watchdog TravelWatch has been underway to assess the impact of closures on passengers, particularly disabled users, after it was commissioned by Sadiq Khan in September. It’s due by the end of the year. “Whether [...]
Wizz Air bats away Brexit turbulence with record first half profit after halving its plans for UK growth November 9, 2016 The largest central and eastern European low-cost airline, Wizz Air Holdings, has committed its future to the UK market despite Brexit, as it stuck to full-year profit forecast. The figures Profit for the half was a record €253.3m – up 39.1 per cent on last year, while underlying profit after tax was €231.6 million (a year-on-year increase [...]
Flybe profits tumble after share price nosedived to an all-time low this week November 9, 2016 Half-year results for Flybe showed a slump in profits as it feels the effects of a falling pound, but chairman Simon Laffin is doing his best to find the positives. The figures There was a 12.8 per cent rise in group revenue to £383m thanks to higher passenger volumes in Flybe UK and increased revenue in [...]
Sandwichgate: The chair of the Business Select Committee has written to Mike Ashley and he’s not happy November 9, 2016 The chair of the Business Select Committee that paid Sports Direct a memorable visit earlier in the week, has written to Mike Ashley. And boy, he's not happy. "For an organisation in the process of reviewing its corporate governance and working practices, it is difficult to understand how a representative of the company thought that [...]
Night Tube passenger numbers are 50 per cent higher than forecast November 9, 2016 Transport for London (TfL) thought the Night Tube would be popular; it didn't realise quite how popular. At a meeting of the London Assembly Transport Committee to discuss progress of the services, London Underground's managing director Mark Wild said that at the moment, passenger numbers were 50 per cent higher than forecast on the Night [...]
National Audit Office blasts DfT and Network Rail over Great Western railway project as costs have surged £2.1bn since 2013 November 9, 2016 The National Audit Office (NAO) has lambasted Great Western railway as "a case study in how not to manage a major programme" in a report into the project. The cost of modernising the railway is currently estimated at £5.58bn – an increase of £2.1bn since 2013, and there are delays to the electrification of the route [...]
Gatwick Airport and Cathay Pacific subsidise flights for British small business trade mission to China November 9, 2016 Gatwick Airport is subsidising a new trade mission to China, along with its newest airline Hong Kong carrier Cathay Pacific. 25 British fledgling brands are off to Hong Kong today for a week-long trade mission organised by Enterprise Nation, and their flights are being subsidised by by Gatwick and Cathay Pacific. It comes as new figures show more [...]
New targets to have women in 33 per cent of top exec jobs by 2020 unveiled November 8, 2016 New targets has been set for FTSE 100 companies to have at least 33 per cent of their executive pipeline positions filled by women for 2020. The government-commissioned Hampton-Alexander Review has been unveiled with statistics to be released tomorrow showing that 25 per cent of those currently sitting on FTSE 100 exec committees and their direct [...]
A Southern train without a guard travelled with its doors open yesterday (but not very far) November 8, 2016 A Southern train on the way from Tattenham Corner to London Bridge travelled for a brief period with its doors open yesterday. The DfT said it was aware of the incident; the Rail Accident Investigation Branch said the incident happened on the 0554 service and was reported by operator Govia Thameslink Railway (GTR). The driver-only operated (DOO) [...]
