Jaguar Land Rover reports sales boost as chip shortage eases July 7, 2023 Jaguar Land Rover reported a big sales increases for the first quarter on Friday, with wholesale volumes up 30 per cent compared with the same period a year ago as the global chip shortage and supply constraints “continue to improve.” The luxury car marque said it also expects free cash flow – what a business [...]
‘End of an era’: Ford Fiesta begins endless siesta July 7, 2023 The last ever Ford Fiesta will be made today, marking the end of the line for Britain’s best selling car brand. Over four million of the popular cars were sold in total, according to industry estimates, with it remaining the UK’s most popular make in the first quarter of 2023. Ford’s £1.6bn Cologne factory is [...]
London Underground workers to STRIKE at end of July – here’s all you need to know July 7, 2023 London Underground workers are to take industrial action in a long-running dispute over jobs, pensions and conditions. The Rail, Maritime and Transport union (RMT) said its members will take strike action from July 23 to 28. The RMT said there will be no strike on Monday July 24, while workers in different grades will take action on each of [...]
Government has no idea what it is trying to achieve with ‘floundering’ HS2 Euston project, MPs warn July 7, 2023 MPs have slammed the government’s handling of a “floundering” HS2 Euston project this morning, amid mounting criticism over the scheme’s soaring costs and ongoing delays. In a highly critical report, the Public Accounts Committee (PAC) called on the Department for Transport (DfT) to “finally establish” its plans for the station against what it is willing [...]
Gatwick submits £2.2bn expansion plan as CEO hails airport competition July 6, 2023 Gatwick Airport has submitted an application for a £2.2bn second runway that could see passenger traffic double to 75 million. The west Sussex hub announced this afternoon that it had presented proposals to the government’s planning inspectorate, which aim to bring its emergency runway into routine use. Speaking to City A.M. ahead of the news, [...]
Jet2 shares slump despite soaring financial performance, as boss says he will step aside July 6, 2023 Leisure travel company Jet2 reported pre-tax profits of £390.8m, soaring 48 per cent from pre-pandemic levels, as it capitalised on an “enormous surge” in travel demand. The Leeds-headquartered firm reported revenues surge 40 per cent higher then pre-Covid to just over £5bn in its full year results., The company stated that consumer confidence to travel [...]
Petrol prices rise for first time in eight months as CMA breaths down supermarkets’ necks July 6, 2023 Petrol prices rose for the first time in eight months in June just days after the competition regulator found supermarkets hiked up fuel prices last year. Unleaded increased by nearly a penny (0.7p) to 143.9p, while diesel came down by 1.2p to 145.46p at the end of month, marking eight consecutive monthly reductions, according to [...]
Waiting on NHS is delaying driving license applications, says DVLA boss July 6, 2023 Delays in processing driving licence applications from people with health conditions are largely as a result of long waits for information from the NHS, the chief executive of the Driver and Vehicle Licensing Agency (DVLA) has said. Julie Lennard, boss of the DVLA, told the Commons’ Transport Committee: “We’re very dependent in a lot of [...]
Plans to close nearly all railway ticket offices in England condemned as job losses loom July 5, 2023 Plans for a mass closure of railway station ticket offices in England have been widely condemned. Industry body the Rail Delivery Group (RDG) unveiled proposals which could lead to nearly all offices being shut, with facilities only remaining open at the busiest stations. It comes after Transport Secretary Mark Harper wrote to train operators asking [...]
New car market ‘growing back and growing green’ with EV surge – but rate hikes peak concern July 5, 2023 Britain’s new car market recorded its 11th consecutive month of growth in June with registrations rising 25.8 per cent – but it might not be smooth driving in the near future. Just under one million new cars were registered in the first half of 2023, up 18.4 per cent on the previous 2022, according to [...]