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Grant confirmed for Nissan electric car plant

LONDON (Reuters) - Prime Minister David Cameron said on Wednesday a grant for a Japanese-owned Nissan car plant in Sunderland would go ahead, after fears the money could be pulled as part of a review into spending.

Former Tube boss Tim O’Toole back to take over FirstGroup

Tim O'Toole, the former head of London Underground, was lured back to Britain from the US today after FirstGroup appointed him chief operating officer in preparation for the retirement of long-standing chief executive Sir Moir Lockhead.

Plans for fresh BA vote 'advanced'

Plans for a fresh ballot of British Airways cabin crew are at an "advanced stage", it was revealed as staff took part in the final phase of the current wave of industrial action.

London Assembly rejects any cuts to Crossrail plans

THE entire £16 billion Crossrail 'super Tube' project must be completed on time without any cuts to guarantee London's future economic recovery, the London Assembly has insisted.

Thursday, 10 June 2010

BBC News

Financial Times

  • Business set for Treasury reprieveApproval expected for other loans after £21m grant for Nissan to produce Leaf electric car in the North East is given the go-ahead
  • Berlin rejects GM request for aidGerman economics minister Rainer Brüderle on Wednesday rejected a request by US carmaker GM for federal government assistance for its European unit Opel
  • Economou backtracks on dealsShipowner vows to do no more deals between his Nasdaq-listed DryShips “ at one time the US's largest listed shipping company by market capitalisation “ and his private operations

The Guardian

The Independent

The Telegraph

Times Online

  • Government to honour £20m Nissan grantThe Treasury is to honour a £20 million grant to Nissan paid out by Lord Mandelson this year to persuade the carmaker to make the world™s first mass-produced electric car in Britain.
  • Business big shot: Tim O™TooleYesterday, it was revealed that Mr O’Toole has become FirstGroup’s chief executive-in-waiting. He has been appointed chief operating officer and deputy chief executive from next Monday. The appointment appears to end speculation on who would succeed Sir Moir Lockhead, 65. Sir Moir has yet to intimate when he might step down.

Reuters News

  • Grant confirmed for Nissan electric car plantLONDON (Reuters) - Prime Minister David Cameron said on Wednesday a grant for a Japanese-owned Nissan car plant in Sunderland would go ahead, after fears the money could be pulled as part of a review into spending.
  • Tube workers to strike over pay and jobsLONDON (Reuters) - London Underground maintenance workers are set to stage two 48-hour strikes over pay, jobs and working conditions, a rail union said on Wednesday.

Network Rail

Belfast Telegraph

  • Aer Lingus figures smoked by volcano Irish airline Aer Lingus has announced that passenger numbers dropped almost 10% in May. Related StoriesNew £7.5m research hub is unveiled at Queen’sDerided boss has taken responsibility for BP's actionsBA crews to vote in strike ballotCuts 'will increase unemployment'One in four 'work without a break'
  • BA crews to vote in strike ballot Another strike ballot of British Airways cabin crew will be held although their leaders are trying “very hard” to reach a settlement with the airline as the final stage of industrial action ends, a union official said today. Related StoriesEx-Tesco head could aid our private sectorNew £7.5m research hub is unveiled at Queen’sDerided boss has taken responsibility for BP's actionsCuts 'will increase unemployment'One in four 'work without a break'

Birmingham Mail

Birmingham Post

Edinburgh Evening News

Liverpool Post

London Evening Standard

  • Railway stations are worst locations for bicycle theftCroydon is the worst bicycle theft “hotspot” in London, new figures reveal. The research pinpoints many outer London boroughs as the most likely areas for bike theft. Key points include suburban railway stations such as Surbiton, Sutton and Harold Wood
  • Former Tube boss Tim O’Toole back to take over FirstGroup Tim O'Toole, the former head of London Underground, was lured back to Britain from the US today after FirstGroup appointed him chief operating officer in preparation for the retirement of long-standing chief executive Sir Moir Lockhead.
  • Plans for fresh BA vote 'advanced'Plans for a fresh ballot of British Airways cabin crew are at an "advanced stage", it was revealed as staff took part in the final phase of the current wave of industrial action.

Metro

The Press and Journal (Aberdeen)

The York Press

Wales Online

Northants Evening Telegraph

Sunderland Echo

Other Regional Press

Chartered Institute of Logistics and Transport

  • Ferry travel 'may currently be more appealing than air'Many people may find that travelling by ferry is more appealing than flying at the moment because of the "ease, the value, the reliability and the convenience", it offers.This is according to the PR director of the Passenger Shipping Association, Penny Guy, who suggests the recent disruptions caused by the eruption of a volcano in southern Iceland means that people are "looking for alternative ways of travel".She explains ferries can offer reliability and the ability to "take everything with you", with a range of destinations on offer by bo...

Railway Gazette

  • Pesa reveals details of low-floor EMU family POLAND: Bydgoszcz-based manufacturer Pesa has revealed its ELF low-floor EMU design ahead of the planned exhibition of a prototype at the InnoTrans trade fair in Berlin in September. Speaking at the Expo Ferroviaria event in Torino on June 9, a spokesman confirmed that two contracts had already been agreed to supply the 3 kV trainsets to Silesia for regional services and to Warszawa operator SKM for suburban operations. Initially offered as a four-car set, the articulated design will have a maximum speed of 160 km/h with seating for 200 passengers. Height above rail is 4 280 mm, and 760 mm ...
  • Cutting track life-cycle costs EUROPE: With the four-year Innotrack research project now approaching completion, the project partners now estimate that the life-cycle cost of track could be cut by 25% in the coming years. ˜That™s a lot of savings when you consider the extent of the rail network™, said UIC Director General Jean-Pierre Loubinoux, during a webinar on April 28. Backed by the European Commission, the Inno­track project was jointly co-ordinated by UIC and Unife, who are keen to emphasise the integration of knowledge from operators and suppliers. Eight major track cost drivers were studied, combining results from ...

Aviation Industry

  • Air India carefully evaluating future New Air India COO Gustav Baldauf told ATWOnline on the sidelines of the IATA AGM in Berlin that the carrier should return to profitability in 2-3 years. The merger between AI and Indian Airlines will be completed this year, he said, adding that the carrier will become a full member of the Star Alliance in 2011. AI units such as maintenance, catering and ground operations will be spun off as separate entities but will remain under the "Air India Group" umbrella, he said, explaining that "the system [will be] similar to Lufthansa."
  • Etihad's Hogan maintains 2011 profitability target Etihad Airways CEO James Hogan remains "pretty bullish" about the airline's future "as long as the Icelandic volcano does not erupt again."
  • BA, flight attendants stand firm as latest work action ends British Airways cabin crew represented by the Unite union ended their latest strike action yesterday but warned that more strikes could follow. 
  • Unite confirms fresh ballotUnion Unite has said preparations for a new ballot of British Airways (BA) cabin crew members are "at an advanced stage".read more

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