Ryanair falls to €20m loss as O’Leary signs new five-year contract February 4, 2019 Budget airline Ryanair today said it suffered a €20m (£17.5m) loss in the third quarter of its financial year, blaming weaker ticket prices. The airline also said that longstanding chief executive Michael O’Leary had signed a five-year contract for the role of group chief executive, as the company moves to a new structure. Read more: Ryanair [...]
London private jet airports Farnborough and Biggin Hill saw double-digit growth in 2018 February 4, 2019 London's Farnborough and Biggin Hill airports saw double-digit growth in 2018, despite uncertainty around Brexit and aviation. Along with Luton, London's top three airports generated 73,000 private jet movements last year, compared with the 54,000 movements recorded in Paris Le Bourget, Europe's busiest airport for private jets. Last year was the busiest year for Farnborough airport, famed for [...]
Gig economy couriers win minimum wage and holiday pay with Hermes February 4, 2019 Self-employed couriers at Hermes will be given a minimum hourly wage and holiday pay in a deal the company calls a world first. Employees who opt in to the scheme will be guaranteed to earn at least £8.55 per hour and get up to 28 days paid holiday a year. Hermes said it had reached the [...]
There’s more to Nissan’s X-Trail move than Brexit, but there’s no denying the cost of uncertainty February 3, 2019 The UK may or may not leave the EU on 29 March, and if it does the departure may or may not be facilitated by a formal withdrawal agreement. Unfortunately that's about as precise as anyone can be at the moment. With politicians still wrangling over the kind of Brexit that may emerge, businesses from [...]
Government faces test as Chinese buyers line up for major UK energy grid February 3, 2019 The government's approach to foreign investment could be tested this month as Chinese buyers line up for a major UK energy network. State-owned operators State Grid Corporation of China and China Southern Power Grid are looking at Electricity North West, which is expected to fetch £2bn at auction, the Sunday Times reported. It has also [...]
Nissan confirms it will move X-Trail production plans from Sunderland to Japan February 3, 2019 Carmaker Nissan has confirmed it is ditching plans to build its new fleet of SUVs in Sunderland in favour of producing them at a Japanese plant amid continued uncertainty around Brexit. In 2016 Nissan announced it would produce its next generation SUV, the X-Trail, in Sunderland to sell to the European market. The carmaker confirmed [...]
Former Stobart boss Andrew Tinkler makes capital injection offer for ailing airline Flybe February 3, 2019 Former Stobart chief executive Andrew Tinkler has made a capital injection offer for ailing airline Flybe as it prepares to complete a proposed sale to a group led by Virgin Atlantic. The Flybe board today confirmed it had received a "very preliminary, short and highly conditional outline contingency proposal" from Tinkler, who was fired from the Stobart board last summer amid [...]
Nissan to cancel X-Trail production plans in latest car industry setback February 2, 2019 The UK car industry is set to suffer another blow next week when Nissan announces that it will be cancelling plans to manufacture its X-Trail model at its Sunderland plant. An announcement will be made on Monday by the company's executives and casts further doubt over Nissan's future investment in Britain, according to Sky News. [...]
Heathrow hawk stolen in smash-and-grab raid near airport February 2, 2019 A hawk which kept birds away from Heathrow Airport has been stolen. Milo, a six-year old Harris Hawk, was stolen after a gang smashed their way into a van near Heathrow. Owner Layla Bennett, 34, was checking into the Mercure hotel near the airport on Tuesday when the robbery took place. Bennett, who is offering [...]
London snow: Southeastern tells commuters to avoid peak trains amid ice warning February 1, 2019 Londoners were today issued with an ice warning as snow hardens in the capital and around the south east. The Met Office has posted a yellow warning for ice for tonight and into the weekend, though snow will gradually ease through the night despite temperatures continuing to drop below freezing. Read more: Snowpocalypse – what to [...]
