Air France to cut 1,500 jobs in attempt to limit coronavirus impact February 27, 2020 Air France will cut 1,500 jobs by the end of 2022, union sources told AFP today, as the airline tries to limit damage from the coronavirus outbreak. Only this morning AFP obtained an internal letter from the company saying that it would introduce a partial hiring freeze in order to cut costs at the airline. [...]
New HS2 minister promises to oversee project with ‘forensic scrutiny’ February 27, 2020 The new minister for HS2 rail has promised to oversee the controversial project with “forensic scrutiny”, saying that the rail link had to regain “the public’s trust”. The project was given the go-ahead by Prime Minister Boris Johnson earlier this month, despite estimations that the cost could run to more than £100bn by the time [...]
Half of London Waterloo station to be closed this weekend February 27, 2020 Half of London Waterloo station will be closed for the whole of this weekend as South Western Railway carries out major track maintenance and renewal work on the lines. Some lines between Waterloo and Clapham Junction will be closed, with a reduced service running in and out of the former. A spokesman for the franchise [...]
Heathrow third runway: Businesses react as High Court blocks expansion February 27, 2020 Climate groups reacted joyously this morning after the Court of Appeal upheld their challenge to the planned third runway expansion of Heathrow Airport. However, business groups expressed their “bitter disappointment” at the decision. In a seismic decision for environmental campaigners, the court found that the government’s policy statement for the third runway was “unlawful” as [...]
Heathrow third runway plans ruled ‘unlawful’ as legal challenge upheld February 27, 2020 Heathrow Airport’s third runway expansion has stalled, after a challenge in the high court was upheld in the Court of Appeal. The court found that the government’s policy statement for the third runway was “unlawful” as it did not take into account the government’s commitment to the Paris Climate Agreement, a challenge brought by mayor [...]
Shares in aviation services company John Menzies slip on coronavirus profit warning February 27, 2020 Shares in aviation services company John Menzies fell more than six per cent this morning after it warned of the impact of the coronavirus outbreak on its business. “The outbreak and continued spread of Covid-19 [coronavirus] is having a direct impact on the operations of the group,” it told the stock exchange in a trading [...]
Aston Martin finance chief quits as firm falls to £100m loss February 27, 2020 Aston Martin fell to a loss of over £100m today as the luxury carmaker announced it would use 2020 to “reset” the business in order to compete in the supercar market. The firm said that the release of the new DBX and Valkyrie models, which are scheduled for the summer, would be critical to fulfilling [...]
National Express hails record year as firm posts £240m profit February 27, 2020 Coach operator National Express today said it had “beaten [its] expectations” as the firm announced a record year for revenue and profit in 2019. The figures Profit before tax rose 9.1 per cent over the year, from £220m in 2018 to £240m last year, as the firm reported growth in every one of its divisions. [...]
Heathrow expansion: Court of Appeal set to decide on Khan’s challenge February 27, 2020 The Court of Appeal will deliver a verdict on Sadiq Khan’s challenge to a third Heathrow runway today. Khan teamed up with several local authorities, Greenpeace, Friends of the Earth and Heathrow Hub, authors of a rival extension bid, to challenge the Department for Transport’s (DfT) 2018 policy statement outlining the project. Parliament backed the [...]
Construction sector lobbies government for £225m ‘future-proofing’ institute February 27, 2020 Construction and engineering bosses are pushing the government to set up a new institute to promote the interests of the consultancy and engineering sector. In a letter to business minister Nadhim Zahawi, the 28 leaders of firms involved in national infrastructure seek government funding to develop the Consultancy Sector Futures Institute. The initiative is being [...]
