News

City analysts have accused Orange and T-Mobile of “dithering” after they axed plans for a £10 billion flotation of EE.

Disaster liner was insured for €405m

Shareholders and insurers of the London Stock Exchange-listed cruise ship operator Carnival Corporation will today be counting the financial cost of the grounding of its Costa Concordia liner.

Network Rail board to discuss chairman shortlist

The shortlist for the next chairman of Network Rail has been drawn up.

Commuters are squeezed enough

Now Miliband supports the 'squeezed commuter'

Train companies should be banned from imposing huge increases to rail fares, Labour said last night as passengers were braced for price hikes of more than 10 per cent in some cases.

James Moore: Rates cap would rein in these malign lenders

Outlook The Insolvency Service prompted another bout of hand-wringing yesterday about payday loans and their malign impact on those that use them.

Market Report: Indian headache forces Vodafone to miss party

While most of its fellow blue-chip stocks were enjoying a pre-Christmas bounce on very light volumes, Vodafone was missing the party. A ticking off from the Indian government meant the telecoms giant was in a sulk yesterday, only managing to edge up 0.5p to 173.55p.

Gas fines over leak delays

The energy regulator Ofgem has fined National Grid Gas and Northern Gas Networks £4.3m and £900,000 respectively, for failing to meet mandatory targets for dealing with their gas leaks on time last winter.

Gas firms fined £5.2m over leaks

Two major utility firms will be fined a combined £5.2 million for failing to attend potentially dangerous gas leaks on time, the energy watchdog said today.

Lack of competition on the buses

The bus industry is to face its most radical shake-up since privatisation 25 years ago, after the Competition Commission found deregulation had left passengers suffering from poor services and higher fares.

Rail costs shift to passengers with ticket price hike

Train companies were yesterday accused of attempting to "bury bad news" about fare increases of up to 8 per cent by announcing "only the barest details" just two weeks in advance and on the day Parliament was packing up for Christmas.

National Express on track as revenues rise

The boss of National Express today said the transport group had finished the year in "excellent shape" as it reported sales growth across all its divisions.

Is the music over for HMV?

Times are tough for the embattled entertainment retailer, with terrible half-year results raising concerns over its future. James Thompson reports

New Revenue blunder: bogus penalty notices

HM Revenue & Customs has already begun sending out penalty notices telling people they have been fined £100, despite the fact that online tax returns are not due until 31 January.

Blacks steps nearer brink as Ashley pulls offer

Mike Ashley's Sports Direct has ended its pursuit of Blacks Leisure, cutting off one possible escape route for the beleaguered outdoor retailer to safeguard its future.

Grid loses US contract amid price row

National Grid has lost its $40m a year (£26m a year) contract to run the Long Island electricity system in New York state after 13 years, amid an investigation into overcharging for its American services.

Gas extraction probe urged over water pollution fears

Tom Greatrex, the shadow energy minister, is demanding a full government investigation into controversial “fracking” technology used to dislodge natural gas trapped in rocks after a new report linked the practice to water pollution for the first time.

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The new hatched, matched and dispatched

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The truth about conspiracy theories is that some require considering

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