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
Transport for London renames Bond Street ‘Burberry Street’ – and the internet is not impressed September 15, 2023 Oh dear! A quirky move by TFL to rename Bond Street as Burberry Street in celebration of London Fashion Week, has not gone down well on the internet.. The West-End tube stop which is home to a number of high end stores will now be transformed into Burberry Street for one week while top models [...]
Train drivers announce fresh strike to coincide with Tory conference September 15, 2023 Train drivers are to stage fresh strikes, coinciding with the Conservative party’s annual conference, in their long-running dispute over pay. Aslef announced its members at 16 train operators will walk out on September 30 – the day before the conference – and October 4, the final day of the event. The union said the strikes [...]
Gatwick Airport: 42 cancellations as thousands disrupted by air traffic control shortages September 15, 2023 Thousands of airline passengers have been impacted by cancelled, delayed or diverted flights due to a lack of air traffic control staff (ATC) at Gatwick airport. The airport confirmed a short notice staff absence in its ATC tower, managed by National Air Traffic Services (Nats), which meant 42 flights were cancelled or diverted while dozens [...]
UK risks losing ‘competitive advantage’ in race to develop self-driving cars September 15, 2023 The UK risks losing its “competitive advantage” in the development of self-driving vehicles if the government fails to pass legislation urgently, MPs and industry groups have warned. A report from the Transport Committee argues that self-driving has been a “Great British success story” but that if appropriate legislation is not included in the upcoming King’s [...]
Nearly every London train service now less punctual than last year September 14, 2023 Nearly every train service in London is now less punctual than last year, according to industry watchdog the ORR.
Another HS2 mess: Downing Street refuses to guarantee it will run to Manchester September 14, 2023 Downing Street has refused to guarantee the HS2 railway line will run to Manchester as planned.
Govia Thameslink appoints female CEO to run UK’s biggest railway franchise September 14, 2023 Govia Thameslink (GTR) has announced the appointment of a female chief executive, marking only the second mainline railway franchise in the country to be led by a woman. Angie Doll, the rail firm’s chief operating officer, will take the helm at the end of November, replacing current boss Patrick Verwer. Claire Mann of South Western [...]
Trainline shares soar as £2.6bn ticket sales help shrug off rail strike chaos September 14, 2023 Trainline’s shares soared more than 12 per cent this morning after the firm unveiled a £50m share buyback scheme on the back of booming ticket sales. Group net ticket sales at the online retailer grew by nearly a quarter to £2.6bn in the six months to August, taking revenues to £197m, a 20 per cent [...]