Spike in UK car dealerships being snapped up as British firms go cheap August 20, 2023 UK car dealerships are increasingly being snapped up by overseas investors on the cheap amid a surge in dealmaking in the sector. There were around 20 overseas investments into UK dealer groups in the decade prior to 2019, while the three years post-Covid have already seen 10 transactions, with several set to be completed this [...]
ULEZ camera vandalism ‘will not stop’ London expansion despite 300 incidents this month August 18, 2023 Transport for London (TfL) vowed that vandalism of ultra-low emission zone (Ulez) cameras “will not stop” the scheme’s expansion. The transport body issued the statement after the Metropolitan Police said it had recorded 288 crimes relating to the cameras as of August 1, and released an image of a suspect. The BBC said there had [...]
Fresh train strikes and overtime ban to cause more rail havoc on 1 and 2 September August 18, 2023 Train drivers are to stage a fresh strike in the long-running dispute over pay, threatening more travel chaos for passengers. Members of Aslef will walk out on September 1 and will ban overtime on September 2, the same day as a strike by the Rail, Maritime and Transport union (RMT). Aslef said its strike will [...]
P&O Ferries owner posts £500m profit but CEO warns of ‘uncertain’ trade outlook August 17, 2023 P&O Ferries owner DP World posted half-year profits of $651m (£509.18m) today, down 10 per cent on last year’s record performance, amid a more challenging outlook for global trade and weakened freight rates. “While the near-term trade outlook may be uncertain due to macroeconomic and geopolitical factors, the solid financial performance of the first six [...]
Gatwick strikes suspended in ‘act of good faith’ August 17, 2023 Planned strikes set to disrupt Gatwick Airport during one of the busiest periods of the year have been called off, after workers at Red Handling received an improved offer. As a result, strikes that were to begin tomorrow, Friday 18 August until Monday 21 August have been cancelled. Members of the Unite union received a [...]
Jaguar Land Rover drives up recruitment with 300 new jobs in West Midlands August 16, 2023 Jaguar Land Rover has announced plans to create hundreds of new jobs in the West Midlands after the marque swung into the black earlier in the year. The luxury carmaker said today that it will employ 300 new technicians and test engineers at its plants in Solihull, Gaydon and Whitley. It said the recruitment push [...]
‘The last thing commuters need’: London business groups slam rail fare hike August 16, 2023 London business groups have slammed a significant government hike in rail ticket fares set to hit commuters next March. The Department for Transport (DfT) has committed to ensuring any fare increase falls below the nine per cent rise in the Retail Price Index (RPI) inflation measure, announced by the ONS on Wednesday morning. Regulated rail [...]
Red lorry, yellow lorry… but why no green lorries? August 16, 2023 The mission to get the UK’s fleet of trucks to go green is failing to take off, new figures have revealed, due to ongoing concerns about the lack of available electric or hydrogen charging points throughout the country. Heavy Goods Vehicles (HGVs) currently produce nearly 20 per cent of all transport emissions in the UK, [...]
‘Disastrous’: London airports slam UK Government’s tourist tax August 16, 2023 Bosses at three leading UK airports have warned the government that its so-called ‘tourist tax’ is already making Britain a less appealing tourist destination. Senior figures at London City, Heathrow and Gatwick argued that the return of airside VAT-free shopping would be critical for the sector to finally shake-off Covid-19 and keep pace with international [...]
Tevva Motors is latest to ditch UK: Royal Mail EV lorry supplier moves to US August 16, 2023 Royal Mail’s electric lorry supplier Tevva Motors will move its headquarters to the US after announcing a merger with a New York-listed electric carmaker. Tevva Motors, whose headquarters are in Tillbury, Essex, said it would merge with Canada-based ElectraMeccanica and relocate to Delaware. The start-up firm – who manufacture a range of medium and heavy [...]