London flight disruptions set to continue over weekend following Swanwick system failure December 13, 2014 Passengers flying into or out of London on Saturday and Sunday have been advised to check the status of their flights in case of disruptions. Yesterday, a computer failure at Sanswick air traffic control centre in Hampshire resulted in London's airspace being closed and flights being suspended from London airports including Heathrow, Gatwick and [...]
London’s super-sewer is safe from Ofwat’s water bill reduction plan December 12, 2014 Ofwat's plan to lower household water bills in England and Wales will not hinder the build of a new super-sewer under London, according to Thames Water. The company, which would oversee the creation of the £4.2bn drainage system extending from west to east London, had previously asked the UK's water regulator to increase household [...]
Three of UK’s biggest energy firms slapped with £4.6m fine for not meeting environmental targets December 12, 2014 Ofgem has demanded that three of the UK's biggest energy firms pay hefty fines for missing government environmental targets. Under the Community Energy Saving Programme (CESP), the energy regulator said the companies should produce lower carbon emissions and reduce household bills by the end of 2012, but many failed to meet expectations including Scottish [...]
Cost of household water bills in UK set to drop by £20 over next five years December 12, 2014 The cost of water bills for households in England and Wales is set to fall by an average five per cent over the next five years, under a new rule being introduced by industry regulator Ofwat. Before adjustments for inflation, average bills received by home owners across the two countries will fall to £376 [...]
China’s industrial output slows as factories close to combat carbon emissions December 12, 2014 Manufacturing output in China slipped to a year-on-year rate of 7.2 per cent in November, failing to match the 7.7 per cent achieved in October and falling below the target of 7.5 per cent for the month. The figures, released by the National Bureau of Statistics, reflect the impacts of a widespread closure of [...]
Airbus climbs on board mission to send humans into space… for £310m December 11, 2014 Airbus has signed a contract with the European Space Agency (ESA) to build part of the US Orion vehicle, which is being designed to carry humans into space. The aircraft manufacturer will design a back section of the new spaceship – the part responsible for propelling it up into space. It will also carry [...]
Tesco’s share price has plummeted 50 per cent and it’s now the year’s second biggest FTSE 100 faller December 9, 2014 This morning, Tesco issued its fourth profit warning of 2014, saying profit for the financial year ending February 2015 would not be greater than £1.4bn. This is much lower than its estimate of £2.4bn- £2.5bn in August. But in September, the supermarket chain revealed that it had overstated its profits for the year by £263m, [...]
UK third best country in the world for battling climate change, says report December 9, 2014 The UK has been one of the best countries in the world at combating the effects of climate change in 2014, according to the latest Climate Change Performance Index (CCPI). The report was put together by think tank Germanwatch and non-governmental organisation CAN Europe. It looked into the attempts by the world's 58 biggest [...]
Tesco share price hits 11-year low as supermarket chain issues yet another profit warning December 9, 2014 The figures The year just keeps getting worse for Tesco, with the beleaguered supermarket chain issuing yet another profit warning this morning. It said trading profit for the financial year ending 2015 would not exceed £1.4bn – a significantly lower figure than market expectations of between £1.8bn and £2.2bn. Shares plummeted by 16.2 [...]
What will happen to Tesco and its investors after yet another profit warning? Here’s what the analysts think December 9, 2014 What will happen to Tesco and its investors? Here's what the analysts think after the latest concerning news from the retail giant. Tesco's terrible year became a little bit worse this morning, after the beleaguered supermarket chain revealed that its profits for the financial year ending in 2015 would not exceed £1.4bn. This [...]
