Heavily indebted Thames Water is in trouble over financing, after being blocked by watchdog Ofwat from hitting customers with bills for nearly £157m to close its pension gap. With time running out, the government breathing down its neck, the company now has to bear the brunt of the deficit created by its own management and …
Alstom awarded £60 million contract for the refurbishment of CrossCountry's Voyager trains following an earlier warning from the company against job losses caused by low orders. The refurbishment includes new seats and technology as part of the commitment that will keep the Voyager fleet in service up until 2031. Now the major train manufacturer Alstom …
The expansion of London City Airport, increasing its passenger capacity from 6.5 million to 9 million each year, has been given the go-ahead by the government amidst furious ill-wishes from climate campaigners and locals. All these extra flights will depart and arrive on weekends and early mornings, and this has been a big worry for …
The US Federal Reserve may lower interest rates as early as September to relieve some pressure on households and businesses. This might be a boost in the upcoming presidential election for Kamala Harris. Mixed signals are coming in from the job market, so everyone's eye is on the Fed's next move. It's an unexpected fillip …
Birmingham, the country's largest local council, was in a fiscal disaster-land, but this had nothing to do with the highly publicized equal pay claims. Recent revelations indicate that a bungled installation of an IT system was the real villain leading the city toward effective bankruptcy. Had it been ensured that just this one issue was …
Barratt Developments and Redrow Plc are pushing for a £2.5 billion merger despite the concerns of a competition watchdog. This massive deal could see mass redundancies at their operations but will bring top-quality housing to the UK. The companies are still optimistic about persuading regulators that the deal is worthwhile very soon. One of the …
This fall, energy bills in Great Britain are expected to further go up by 9% to £1,714 on average per annum for both gas and electricity. The projection is according to analysts from Cornwall Insight. Households in the country are, therefore, going to be grappling with higher charges right at the onset of winter, in …
A quiet holiday turned into a frightful mess when a fierce tornado hit a luxury superyacht off the coast of Sicily. Noted businessman Mike Lynch and his 18-year-old daughter, Hannah, were among six persons missing in the tragedy. Search for survivors continues as rescuers look for missing persons in this really bad tragedy. What was …
With Britain baking in the heat of summer, keeping homes cool but without breaking the bank is increasingly essential. Easy ways experts offer to do this include turning off the lights and keeping windows shut and curtains closed during the day. And simple no-cost hacks will keep you cool at night without breaking a sweat. …
Emergency repairs on the M56 closed two lanes between Ellesmere Port and Runcorn, leading to long delays. National Highways is calling upon drivers to plan ahead and work alternative routes while works continue well into this morning and this afternoon. Nearby roads are also going to be congested. Part of the M56 has been closed …
The last of the closing-down notes are sounded this week at the 31 Ted Baker stores throughout the UK as over 500 employees get left in such uncertain times. A licencing deal on the brand has been stuck at talks between the brand's owner, Authentic, and Mike Ashley's Frasers Group over the future of the …
In a unique project, Londoners are coming together to weave a sign for the newly named Weaver line of the London Overground. These public weaving sessions will produce a roundel that celebrates the city's rich history of textile trade as part of a broader initiative to rename and rebrand the Overground lines, making the network …
Kevin Layne, aged 63, a lotto enthusiast, won £140 in a Lotto draw, but the winnings were refused by two Tesco stores because of a "policy" against paying such sums in cash. Kevin, after a heated argument, was asked to leave the store, thus becoming frustrated and banned from his local Tesco. Kevin Layne, 63, …
While traveling in itself is an excitement, cramped seats can make the journey a pain in your backside. A new survey reveals which airlines offer the least legroom, thereby making those long flights feel even longer. While some offer a bit more space, others are much tighter than expected. Discover which airline came out on …
