Airbus shares fly higher as profits grow despite ongoing order backlog October 31, 2018 Airbus’s shares rose almost five per cent today after it posted higher-than-expected third quarter earnings. Net profit at Europe’s largest aerospace group increased by 210 per cent year-on-year to €953m (£845.2m), while revenue for the quarter was up 20 per cent to €15.4bn. Earnings before interest and taxes came in at €1.58bn, higher than the €1.44bn that analysts [...]
British jets scrambled to investigate Russian planes October 31, 2018 British jets were scrambled earlier today to investigate suspected Russian fighter plans flying close to UK airspace. “Typhoon fighters … were scrambled today as a precautionary measure against a potential incursion into UK area of interest by one or more unidentified aircraft,” a spokesman for the Ministry of Defence (MoD) told Reuters. “At no time was [...]
Jaguar Land Rover begins £2.5bn turnaround plan after second consecutive quarter of losses October 31, 2018 Bosses at Jaguar Land Rover embarked on a £2.5bn turnaround plan this afternoon, in an attempt to stem a rising tide of losses and lower sales at Britain’s largest car maker. Fears of job cuts swelled today in the wake of the firm’s strategy to slash costs by £1bn over the next 18 months. The [...]
Tube trouble: Severe delays hit commuters on three Tube lines October 31, 2018 Three Tube lines are running severe delays this morning as commuters make their way to work. The Central Line, Circle Line and Hammersmith & City Line have all been hit by severe delays, with Transport for London (TfL) telling passengers their tickets will be accepted via any other reasonable route on London buses and Greater Anglia [...]
UK wireless charging tech firm Aircharge makes its debut on London bus routes October 30, 2018 The UK tech firm behind the wireless charging pads found in Starbucks, McDonalds and Costa is going mobile, with its latest expansion to debut on London bus routes. Partnering up with British bus manufacturer Optare, Aircharge charging points will be initially be available on Green Line routes operating between London and various airports, including Luton and [...]
Uber returns to court to fight ruling that defines drivers as employees October 30, 2018 Uber took its fight against a tribunal ruling that judged that drivers are employed by the ride-hailing app to the Court of Appeal today. The business relationship between Uber and drivers is “typical of the private hire industry", a court heard this morning, as the company attempts to overturn the 2016 employment tribunal finding. Uber, which claims its [...]
Bentley could halt production after ‘damaging’ no-deal Brexit October 30, 2018 A no-deal Brexit could be “quite damaging” for Bentley’s annual profit, and may force it to close stop production for a few days, the company’s chief executive said today. Adrian Hallmark said his firm is already stockpiling parts and switching some imports from the port of Dover to Immingham. The carmaker could consider more contingencies [...]
London mayor Sadiq Khan’s green war on diesel cars finally hits home October 30, 2018 Sad news in my household: Moonie is not long for this world. The time is fast approaching when I must put her out of her misery, despite the fact that she seems pretty robust regardless of her ageing years. Like Boxer in “Animal Farm,” I will soon load her up into her metaphorical horse box, send [...]
Tube delays: Commuters hit by severe delays on Central Line October 30, 2018 Severe delays have hit the Central Line this morning, causing havoc for commuters as they make their way into work. Transport for London (TfL) blamed a faulty train at Mile End, telling passengers to use alternative routes where possible. https://twitter.com/centralline/status/1057207207199207425 Tickets are being accepted on London buses and Greater Anglia services and on TfL Rail [...]
Volkswagen profits hurt by ‘painful’ new anti-pollution rules and China downturn October 30, 2018 Volkswagen profits dropped by 18.6 per cent in the third quarter as the German car manufacturer struggled with new emissions testing rules and slower vehicle sales. The figures The German carmaker's underlying profit for the third quarter was €3.5bn (£3.1bn), down from €4.3bn in the same period in 2017. Vehicle sales also dropped 3.6 per [...]
