National Express posts record profit of £113m in first half of 2019 July 25, 2019 National Express has posted a 15.3 per cent rise in operating profit for the first half of this year to a record £113.1m thanks to growth in all of its divisions. Read more: National Express revs up sales growth as it hits the road for Silicon Valley The figures Statutory profit before tax grew from [...]
Nissan to cut 12,000 jobs as its profits go in reverse July 25, 2019 Workers in Nissan’s Sunderland vehicle factory are braced to find out if they are part of the more than 12,000 workers to be laid off globally by the embattled carmaker. Nissan has said it will slash around 12,500 jobs globally as it looks to rein in costs and reduce its output. Read More: Nissan forecasts [...]
Commuters urged to avoid travel as scorching heat threatens chaos July 25, 2019 Commuters have been urged to avoid travel today as the high temperatures cause delays and cancellations across the London network. Southern, Southeastern, Thameslink, LNER and the London Overground have all put speed restrictions in place to reduce the chances of tracks expanding and buckling under the heat. Read more: Retailes and bar chains set to [...]
Tesla revenues fall short of expectations despite record cars built July 24, 2019 Electric car company Tesla posted second-quarter revenue below analysts’ expectations, pushing its shares down 10 per cent to $239.24 in after-hours trading. Read more: Tesla shares rally as firm makes record number of deliveries Total revenues climbed to $6.35bn (£5.09bn) from $4bn a year earlier, but this was below the $6.41bn expected by analysts. Yet [...]
Uber and rival Ola sniffing around London’s Addison Lee July 24, 2019 Uber and Indian ride-hailing firm Ola are mulling bids for London-based taxi firm Addison Lee, which could create a powerful force in one of the world’s biggest private transport markets. Read more: Uber rival Viavan wins three year license renewal from TfL The US giant and Ola are two of “a handful” of companies talking [...]
London set for commuter chaos as Greater Anglia and others reduce services in 37C heat July 24, 2019 Londoners face sweltering rush-hour delays tomorrow with rail groups urging travellers to avoid using trains as record temperatures could buckle the tracks. Greater Anglia, which runs trains into the City’s Liverpool Street station, said this evening it will significantly reduce its service across its network across East Anglia and London. Read more: London heatwave: Temperatures [...]
Sadiq Khan’s minicab congestion charge is not discriminatory, court rules July 24, 2019 Sadiq Khan’s decision to impose a congestion charge on private hire vehicles (PHVs) was lawful and appropriate, the High Court has ruled. The Independent Workers’ Union of Great Britain (IWGB) challenged the London mayor’s decision to lift the congestion charge for PHVs, arguing that the policy disproportionately affects female and black and ethnic minority drivers. [...]
Freefall: Boeing makes $3.4bn loss on 737 Max grounding in second quarter July 24, 2019 Boeing this afternoon posted a $3.4bn (£2.7bn) quarterly loss, as it continues to struggle with mounting costs relating to the grounded 737 Max plane. The massive losses come after Boeing’s surprise announcement last week that it would set aside $4.9bn (£3.9bn) to compensate airlines for the disruption caused by the jet’s grounding. Read more: Boeing [...]
Union suspends Heathrow Airport July strikes but warns August action ‘still on the table’ July 24, 2019 Strikes that threatened to shut down Heathrow Airport this Friday and Saturday have been put on hold while Unite the union considers a new pay offer. More than 4,000 workers, including security guards, engineers and those in passenger services, were due to strike over pay, over Friday and Saturday and on the 5, 6, 23 [...]
Aston Martin revenue warning leaves shareholders shaken, not stirred July 24, 2019 A week before Aston Martin’s half-year results are due, the James Bond car maker has yet again used its license to kill the share price. The luxury manufacturer this morning cut its sales expectations to 6,300-6,500 vehicles, down from 7,100 to 7,300 cars. Read more: Aston Martin shares crash 24 per cent as it slashes [...]
