Breaking News

Rail route hits National Express

Transport group National Express has made a half-year loss after setting aside £54.7m to cover the cost of exiting the East Coast rail franchise.

Rail strike disrupts passengers

Thousands of rail passengers face disruption for the next 48 hours as National Express East Anglia workers go on strike over pay and conditions.

Halfords wants VAT cut on bicycles

Carparts and bicycle retailer Halfords has launched a campaign for VAT on children's bikes and cycling equipment to be cut to 5pc.

Thursday, 30 July 2009

BBC News

Financial Times

  • BAA losses widen as Gatwick talks continueBritain's biggest airports operator says it is still in talks with several potential bidders for Gatwick, but adds it will not sell if it cannot agree an acceptable price
  • Cosco warns of losses amid shipping crisisChina Cosco has warned that it expects to announce a loss for the first half of the year, in the latest sign of the dreadful market conditions facing container shipping companies
  • BA tightens its passengers' beltsFlying business class on British Airways may never be the same again: from next Monday, the airline will be axing the canapés and chocolates on long-haul flights
  • Stelios backs down in EasyJet board disputeThe low-cost carrier has settled a long running boardroom dispute between Sir Stelios Haji-Ioannou, its founder and leading shareholder, and the rest of the board as it predicted a drop in full-year profits of up to 80%
  • Lufthansa suffers deep first-half lossLeading airline chief executives tell the European Commission the industry is facing 'the worst economic conditions on record'

The Guardian

  • Strike on National Express trains London to Norwich line serving Liverpool Street in London will have little or no service because of pay dispute
  • BAA defiant over Gatwick saleGroup reports 12.8% rise in revenues to £1.2bn, boosted by higher landing fees and a surge in the sales in airport shopsBAA struck a defiant stance against regulators and the City today as it declared that it does not need to sell Gatwick airport.Although it revealed today that its losses have trebled this year amid a drastic fall in passenger numbers, Britain's largest airport owner said it was under no financial pressure to sell Gatwick after one potential buyer, MAG, withdrew from the bidding. It also claimed that its troublesome £12bn debt could be whittled down by a bond issue or by using...

The Herald

The Independent

  • David Prosser: Two wheels good for kids Outlook Halfords' call yesterday for the Government to cut VAT to 5 per cent on children's bikes was a bit of naked self-interest, but the idea is no less sensible for that. If we want to tackle childhood obesity while also inculcating environmentally friendly behaviour in our kids from an early age, why not offer a tax break aimed at boosting bike use?

The Scotsman

The Telegraph

Times Online

  • National Express makes loss on East Coast hit National Express, the bus and trains group, plunged into the red during the first six months of the year when it was forced to write-off £54.7 million after being stripped of its loss-making East Coast Mainline franchise.
  • EasyJet growth target grounded by the downturnEasyJet has bowed to pressure from Sir Stelios Haji-Ioannou, the budget airline™s founder, and halved its growth rate target to 7.5 per cent.
  • BAA™s loss on London airports soars to £545mLosses at BAA™s London airports more than tripled to £545 million in the first six months after the airport operator™s pension scheme was revalued downwards.
  • British Airways scraps sandwiches in hunger for savingsBritish Airways has taken a lesson in cost-cutting from its low-cost rivals by ditching meal services on short-haul flights. The loss-making airline will stop serving sandwich meals to its passengers in the UK and Europe from Monday in a move that will save it £22 million a year.

Reuters News

  • National Express train strike to hit parts of UKLONDON (Reuters) - Thousands of rail passengers face travel chaos in parts of southeast England and a key route into London on Thursday as workers on the National Express East Anglia franchise go on strike for 48 hours over pay.

Daily Express

  • EasyJet's profits will soar up to £50mBUDGET airline easyJet has turned in an unexpectedly strong sales performance and subsequently expects to report annual profits of up to £50million in September despite the downturn in the aviation industry.
  • Debt hit BAA 'need not hive-off airport'HEATHROW airport owner BAA has revealed that it does not need to sell Gatwick to meet a looming £1billion interest payment despite trebling its losses in the first half of the year.

Liverpool Echo

  • £100m Mersey docks scheme on holdAN AMBITIOUS £100m plan to turn Liverpool into a world superport is on hold – but a new £400m rail and port scheme in Greater Manchester was given the go-ahead.

London Evening Standard

  • Rail strike causes travel chaosRail passengers suffered travel chaos today when a strike by workers at a leading train company caused huge disruption to services.

Metro

Newcastle Evening Chronicle

The York Press

This Is Local London Network

Wales Online

Peterborough Telegraph

Transport for London

  • TfL announces sale of East Thames BusesThe Transport for London (TfL) Board today announced its decision to sell East Thames Buses (ETB) to London General Transport Services Limited, part of the Go Ahead Group.

Aviation Industry

  • JFK Airport Runway Upgrade Begins: Airport NewsThe main runway at John F Kennedy International Airport is set to be revamped at a cost of $376 million, it emerged on July 28th 2009. Work has now begun on making JFK's runway 50 feet wider, and on installing new drainage technology, along with its associated infrastructure. JFK Airport is used by more people entering the United States than any other hub in the country. It is owned and operated by the Port Authority of New York and New Jersey and features four runways in all, the longest being over 14,500 feet in length and the shortest, 8,400 feet. According to the latest available statistic...
  • BA Axes Free Meals for Short FlightsBritish Airways is cutting free meals on thousands of short-haul flights as it battles to cut losses of 400m a year.

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