Boeing 737s on the ground in Renton, Washington. Leslie Josephs | CNBC Boeing delivered 33 airplanes in September, six more than during the same period a year earlier, as the company and its customers keep an eye on the impact of a machinist strike, now in its fourth week. Through September, Boeing has handed over…
A message board at the Tampa International Airport shows all American Airlines departing flight canceled Tuesday, Oct. 8, 2024, in Tampa, Fla., due to the possible arrival of Hurricane Milton. Chris O’Meara | AP Airlines canceled hundreds of flights, theme parks prepared to close some areas and cruise lines shifted routes as Floridians braced for…
Transport group Go-Ahead has announced a £500m investment in up to 1,200 UK-built electric buses from Northern Ireland-based Wrightbus. The order is expected to support about 500 manufacturing jobs and create a new line at Wrightbus, based in Ballymena, Northern Ireland. The zero-emissions buses are expected to be deployed in Go-Ahead’s operations around the UK…
Saudi Arabia’s sovereign wealth fund has bought a stake in the upmarket department store Selfridges in its latest move on a high-profile British asset. The Saudi Public Investment Fund (PIF) said it had signed a deal to buy a 40% stake in the loss-making retailer for an undisclosed sum. The stake had been owned by…
A truck with Pepsi logo on a semitrailer is seen at Interstate 95 highway in Maryland, United States, on October 21, 2022. Beata Zawrzel | Nurphoto | Getty Images PepsiCo on Tuesday lowered its full-year outlook for organic revenue after its second straight quarter of weaker-than-expected sales. The repercussions of the Quaker Foods North America…
The future of Britain’s biggest road scheme, the Lower Thames Crossing, has been thrown into fresh uncertainty after ministers delayed the deadline for a decision on whether to go ahead by seven months. Environmental campaigners welcomed the latest delay to the £9bn road tunnel linking Essex and Kent, but businesses said the move was “deeply…
More than £1bn was wiped off the value of housebuilder Vistry on Tuesday after it said that the building costs had been “understated” on some of its projects and issued a profit warning. The company, formerly known as Bovis Homes, saidthe total completion cost for nine of its 46 developments in its Basingstoke-based south division…
Water companies in England and Wales will have to return nearly £158m to customers through lower bills next year after falling further behind on key targets including sewage spills and leaks. The regulator, Ofwat, announced the penalties as part of its annual review of companies’ performance. The report showed that companies reduced sewage spills by…
I received a brief letter from my car insurer stating that “having reviewed your current details, we won’t be able to renew your car insurance policy arranged by John Lewis Finance and underwritten by Covea Insurance plc”. It transpired this is because my occupation is recorded as “author”, which is deemed an “unacceptable risk”. This,…
The risk of winter blackouts in Great Britain has tumbled to its lowest in four years even after the shutdown of the UK’s last coal plant, thanks to investments in low-carbon electricity sources. The National Energy System Operator (Neso) expects Britain’s winter power supplies to outstrip demand by almost 9% this year in its base…
