Bombadier to shed 1,800 jobs July 24, 2014 AEROSPACE giant Bombadier yesterday announced it was cutting 1,800 jobs as part of a huge reorganisation, following the shed-ding of 1,700 jobs earlier this year. The aerospace division will be split into three, focusing on business aircraft, commercial aircraft and aerostructures and engineering services. The firm is one of Northern Ireland’s biggest employers, although it [...]
Boeing profits soar 52 per cent as Delta’s second quarter flies July 23, 2014 Profits at Boeing soared by a huge 52 per cent in its second quarter, as the American aerospace and defence giant gained from higher commercial aircraft deliveries. Net earnings rose to more than $1.65bn (£969m) in the second quarter, up from nearly $1.09bn for the same period last year. Revenue growth was less strong however, [...]
Israel flights under review July 23, 2014 NUMEROUS airlines in the US and Europe have cancelled flights to Israel as a result of the conflict in Gaza, after a rocket landed just a mile away from Ben Gurion Airport in Tel Aviv. In the UK, easyJet suspended yesterday’s flights to Tel Aviv and said it would review its operations on a day-by-day [...]
FlyBe has new London routes July 23, 2014 BUDGET airline FlyBe will offer five new routes from London City Airport starting 27 October, as it announced it had seen quarterly passenger revenue per seat rise to £52.79, an increase of 9.5 per cent. FlyBe also said its load factor was up to 75.8 per cent this quarter, from 66.5 per cent last year, [...]
Parcel woes hit shares in Royal Mail before AGM July 22, 2014 AN UNEXPECTED drop in Royal Mail parcel revenues announced yesterday is likely to build more pressure on the company ahead of its annual general meeting tomorrow. Royal Mail saw a one per cent decline in parcel revenues in the first three months of the financial year to 29 June, and it expected full-year parcel revenues [...]
HS2 to base construction HQ in Birmingham July 21, 2014 The construction headquarters of the High Speed 2 (HS2) railway line will be based in Birmingham it was announced yesterday, with a number of jobs to be moved from London. The new HQ is due to open in phases starting from 2015 and will employ around 1,500 staff. Ben Ruse, lead spokesman at [...]
Uber’s accelerating expansion stalled in Seoul as city seeks ban July 21, 2014 THE FAST expansion of Uber, the mobile app for hailing private hire cars, hit a roadblock yesterday as Seoul’s city council said it would ban the service. Uber, valued at $18.2bn (£10.6bn) in June, launched in the South Korean capital in August last year, but the Seoul city council said yesterday it considers Uber to [...]
R Capital bid to rescue Unipart Automotive from the scrap heap July 21, 2014 Unipart Automotive, the car parts supplier facing imminent bankruptcy, may hope for a late reprieve as investment firm R Capital is believed to be looking to buy the company. Sources say negotiations have been going on throughout the weekend with KPMG, the accountants appointed by Unipart Automotive, with a decision likely this week. Unipart Automotive, [...]
TGI Friday’s owners considering sale of chain’s British restaurants July 21, 2014 A sale of TGI Friday’s UK restaurants is under consideration by its owners, Sentinel Capital and TriArtisan Partners, just two months after they bought the restaurant chain. The private equity firms bought the global restaurant chain, known for its casual dining bar and grill service, in May for $800m (£468m). However the new owners are [...]
G4S Sweden is sold for £37.4m July 17, 2014 OUTSOURCING firm G4S yesterday announced that it had agreed to sell its business in Sweden to European security company Sector Alarm, for a total of 438m Swedish Krona (£37.4m). Ashley Almanza, G4S chief executive, said: “The sale of our business in Sweden is part our active portfolio management programme which we announced in November last [...]
