‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
Dott ends London e-bike service due to ‘high fees and varied regulations’ September 22, 2023 E-bike firm Dott has ended its London service because it was not possible to “run a financially sustainable” operation in the capital – just as its renewed e-scooter scheme takes off on Monday. The company, which recently won a new contract as part of Transport for London’s e-scooter trial which starts on Monday, insisted it [...]
Transport Select Committee sets tests for rail strike minimum service levels September 22, 2023 MPs have set the Government a series of tests over its controversial new law on minimum levels of service during rail strikes. The Transport Select Committee outlined a number of principles for what ministers should include in regulations due to be published following the passing of legislation. Unions are strongly opposed to the law, warning [...]
Heavy rain causes delays and cancellations on lines into London Kings Cross and Moorgate September 21, 2023 Rail passengers faced some cancelled and altered services on Thursday morning in the wake of heavy rain overnight. A National Rail statement said all lines between London Kings Cross / Moorgate and Stevenage, Hertfordshire are closed following “a number of incidents”. “Trains may be cancelled, delayed by up to 90 minutes or revised,” the statement [...]
Angry car makers: Delaying petrol and diesel ban will damage EV investment in UK September 20, 2023 Leading car manufacturers have urged the government to give clarity on its proposed row back on banning petrol and diesel cars, saying they’ve invested hundreds of millions to meet targets. Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders (SMMT), said the policy change will cause “concern” among car makers. It has [...]
Uber: EU rules will see us pull out of “hundreds” of European cities September 20, 2023 An Uber boss has issued a stark warning that Brussels' proposal to classify gig workers as de facto employees could slam the breaks on operations across the bloc.
‘Higher costs, poorer services’: London business chief slams Whitehall failings September 20, 2023 The boss of an influential London lobby group has said a "British disease of short-termism" is holding the capital's economy back
New contract for one of Britain’s least reliable train operators – and beleaguered Avanti September 19, 2023 One of Britain’s least reliable train operators has been handed a long-term contract renewal. The Department for Transport (DfT) announced that CrossCountry, whose network stretches across large parts of the country, will continue to run services. It also renewed Avanti West Coast’s contract. Office of Rail and Road (ORR) figures show the equivalent of 6.8 [...]
Tui: Wildfires hold back growth but travel demand continues to soar September 19, 2023 The post-Covid recovery of summer holidays helped push Tui towards its targets for the 2023 financial year.
Pendragon: Car dealership to sell UK motor business to US firm Lithia for £250m September 18, 2023 Car dealership group Pendragon has agreed to a proposed sale of its UK motor business to US dealer giant Lithia Motors for £250 million. The deal, if approved by shareholders, will be valued at about 27.4p per share, against the 18.6p Pendragon shares were trading at on Friday. Investors will receive a 16.5p cash dividend [...]
Why automakers are worried your car is the next target for cyber attacks September 17, 2023 There are increasing fears that the automobile supply chain is particularly vulnerable to cyber attacks - with worrying consequeces