Norwegian Air boss tweets about ‘good meetings’ with Boeing after 737 Max 8 ban April 3, 2019 Norwegian Air has had positive meetings with plane manufacturer Boeing after its 737 Max 8 model was grounded across the globe last month. Norwegian’s 162-strong fleet includes 18 of Boeing’s 737 Max 8 model, which aviation authorities across the globe have grounded, after it suffered its second fatal crash in five months. Read more: Norwegian [...]
Rolls-Royce boss Warren East to leave Dyson board as vacuum maker moves into electric car market March 21, 2019 Rolls-Royce chief executive Warren East is to step down from the board of Dyson, where he has served as a non-executive director for six years. Dyson this morning confirmed East would leave the board, meaning the vacuum cleaner manufacturer will be without one of the world’s foremost engineering business experts as it tries to move [...]
Airline passengers face new ticket fee to cover cost of carrier collapses May 9, 2019 Airlines have hit out at proposals to charge passengers an extra 50p to pay for the cost of repatriating travellers who have been stranded following a carrier collapse. The government's insolvency review, which was set up by the Department for Transport (DfT) following the collapse of Monarch in 2017, has suggested the UK set up a "flight protection [...]
London City Airport sees record passenger numbers despite a decrease in flights January 8, 2019 London City Airport welcomed a record number of passengers in 2018, with a total of 4.8m passengers using the airport. The figures, comprised of both arriving and departing passengers, represent a 6.4 per cent increase over the previous year and the highest ever seen by the 31-year-old airport. The number of flights passing through the airport decreased [...]
Old school train tickets to be a thing of the past as rail companies ramp up smart tickets April 10, 2019 Old-school orange rail tickets could become a thing of the past as train companies ramp up the technology for paperless 'smart' tickets. Nine in 10 tickets offered around UK rail stations will be soon be available to buy paperless at busy stations such as Waterloo, Brighton, Gatwick Airport, Edinburgh Waverley and Glasgow Central following upgrades to the [...]
Engine maker Rolls-Royce shares fall after pulling out of Turkish fighter jet bid March 4, 2019 Rolls-Royce shares fell two per cent on Monday morning after announcing over the weekend it had scaled back attempts to join a programme to build a new Turkish fighter jet. The engine manufacturing giant had been in talks with Turkey’s Kale Group, but they ran into problems last year because of a dispute over the [...]
Pearson to unveil £500m pension insurance deal with Legal & General February 21, 2019 Publishing giant Pearson is set to announce a £500m deal with Legal & General (L&G) in a bid to shore up its pensions liabilities, Sky News reported. The FTSE 100 firm, which specialises in education, will announce the deal tomorrow alongside its annual results, according to the report. Read more: Pearson sells US school textbook [...]
North Sea explorers get boost as US clamps down on Iran oil exports April 23, 2019 Toughened sanctions against Iran helped push up oil prices over the weekend, lighting a fire under London-listed exploration companies today. The cost of international standard Brent crude has risen 2.9 per cent over since Friday, hitting $74.68 per barrel – its highest point since October. Read more: FTSE 100 climbs to fresh six-month high as [...]
City Moves for 25 April 2019 – Who’s switching jobs at the Economist Group, Gumtree and Oasis? April 25, 2019 Today's City Moves includes the Economist Group, Gumtree and Oasis. The Economist Group The Economist Group has announced that Lara Boro will become its new chief executive. Lara joins from Informa, where she is currently chief executive of Informa Intelligence. She will take up the position later this year, when Chris Stibbs, the current chief [...]
Royal Mail appoints second chairman in just six months after tumultuous year March 22, 2019 Royal Mail has appointed new chairman for the second time in just six months as his deputy steps into the role. British Airways veteran Keith Williams – who worked as chief executive, head of finance and executive chairman at the carrier – will take on the job from 22 May, the company announced. Read more: [...]