Households told to cough up as Ofgem raises energy price cap by over £100 February 7, 2019 Households could be left more than £100 out of pocket each year as Ofgem hikes up the price it lets suppliers charge for energy. The regulator said this morning it will increase the government's energy price cap, which was meant to save customers from rip off deals, by £117. Read more: Ofgem price cap: What [...]
Self-driving cars to hit UK roads by the end of the year February 6, 2019 Completely driverless cars could be on UK roads by the end of this year, after the government today said it would be overhauling existing regulations. The change by the Department for Transport will allow self-driving cars to be trialled on any public road without a human safety driver behind the wheel, however they must have [...]
BMW-owned car sharing venture Drivenow expands electric car fleet February 6, 2019 BMW's car sharing service Drivenow has added 130 all-electric cars to its London fleet, as it pushes to meet the capital's air quality requirements. The extra 130 BMW i3 vehicles will join Drivenow's current electric fleet of 50 cars, as well as its other 540 BMW and Mini vehicles across the city. Drivenow said the [...]
HS2 station contracts worth £2.56bn awarded to Mace, Balfour Beatty and Vinci February 6, 2019 HS2 has tasked construction firms Mace, Balfour Beatty and Vinci with building the project’s London terminus and west London super-hub at Old Oak Common, in deals worth £2.56bn. Mace and joint venture partner construction firm Dragados will take on the work at Euston, worth £1.65bn, in an award which will come as a blow to [...]
Volvo recalls 167,000 cars after it finds flaw in tailgate February 6, 2019 Over 150,000 Volvo owners will have their cars recalled after the company discovered problems with the tailgate, the company said. The recall includes 13,000 XC60 SUVs in the UK, 23,500 in China and 13,000 in the company’s native Sweden. Read more: Volvo recalls over 200,000 cars worldwide over leaky fuel pipes “Volvo Cars investigations have [...]
Siemens and Alstom merger plans blocked by EU antitrust regulators February 6, 2019 A planned merger between Siemens and Alstom has been stopped in its tracks after EU regulators rejected the deal due to competition concerns. The transportation giants had put forward plans to create a combined company with revenues of roughly €15bn (£13.2bn). Read more: Alstom and Siemens offer merger concessions to get EU on side But [...]
Britain needs more competition to get the railways back on track February 6, 2019 When the word “privatisation” is mentioned in the same sentence as “rail”, even some Tories feel a spurt of red go through them. At the forefront of their minds must be the fact that the broader public – about 56 per cent – have expressed support for nationalisation. But when asked why it is that people [...]
Norwegian air passenger growth flags in January February 6, 2019 Shares in Norwegian Airlines dipped this morning as the budget carrier revealed that passenger growth fell last month. The airline, which saw shares drop almost three per cent this morning, expanded its capacity in January by 27 per cent, however total passenger traffic grew by 18 per cent, missing Reuters passenger growth forecast of 20.1 [...]
Interserve directors face being pushed out as rescue deal finally surfaces February 6, 2019 Interserve shareholders have launched a controversial bid to oust eight senior directors after the firm announced the details of a rescue deal designed to avoid it facing the same fate as Carillion. After nearly two months of waiting, the struggling outsourcer this morning published details of the deleveraging plan designed to relieve the majority of [...]
Renault-Nissan-Mitsubishi alliance considering self-driving tie-up with Google’s Waymo February 5, 2019 A trio of major vehicle manufacturers is said to be in advanced talks with Google's autonomous driving unit Waymo on utilising the division's tech for transport services. The Renault-Nissan-Mitsubishi alliance is exploring a tie-up with Waymo in which the two parties would develop self-driving taxis as well as other mobility-as-a-service infrastructure, the Nikkei reported today. The [...]
