Heathrow Airport names Thomas Woldbye as new chief – here’s what we know July 4, 2023 A successor for Heathrow Airport’s long-time chief John Holland-Kaye was finally announced last Friday. Thomas Woldbye, Copenhagen Airport’s CEO since 2011, will take over the cockpit from Holland-Kaye, having emerged as a standout candidate for what has been described as “one of the most important roles in global aviation”. Amid tough competition, Woldbye’s stint at [...]
ULEZ expansion will push building businesses over the brink, warns industry boss July 4, 2023 The boss of the British Merchants Federation (BMF) has warned that outer London building businesses hit by ULEZ charges could face closure or move if the 29 August expansion goes ahead as planned. John Newcomb, chief executive of the trade association BMF, told City A.M.: “My biggest concern is that you would see closure of [...]
Further overtime ban dates announced by rail union ASLEF for mid July July 3, 2023 Train drivers’ union ASLEF have announced another week of strike action, while banning overtime work between Monday 17 and Saturday 22 July. The announcement coincides with the first day of this week’s six day overtime ban, with rail passengers now hit by chaos on 12 days this month. The new strike dates from the RMT [...]
CMA takes aim at supermarkets for weakening fuel price competition – as Brits pay nearly £1bn more for fuel July 3, 2023 Increased supermarket profit margins led to drivers paying almost £1bn more for fuel last year, the Competition and Markets Authority (CMA) has found. Following a year long investigation, the watchdog said today that average supermarket fuel margins rose by 6p per litre between 2019 and 2022, with £900m syphoned out of customers pockets in total. [...]
Train union boss threatens 10 or 20 years of strife: ‘We’ll keep taking action until someone listens’ July 3, 2023 The boss of the train drivers’ union has threatened further industrial action, ahead of another week of disruption on the railways – which is set to impact Wimbledon too. Rail passengers have been warned of disruption across six days between Monday and Saturday, as the Aslef Union, headed by Mick Whelan, initiates a nationwide ban [...]
ULEZ: Sadiq Khan to face High Court showdown this week over divisive policy July 3, 2023 Sadiq Khan faces a High Court showdown this week over his plans to expand the Ultra Low Emission Zone (ULEZ) to most of Greater London by the end of the summer. A coalition of Conservative-led councils opposed to ULEZ claim that the mayor has acted unlawfully while attempting to expand the controversial scheme. The court [...]
Tube journeys regularly hitting over 80 per cent of pre-pandemic levels as commuting rebounds July 3, 2023 Weekday tube and bus journeys are regularly hitting over 80 per cent of pre-pandemic levels and often exceed 2019 footfall figures on the weekend, according to Transport for London’s chief operating officer Glynn Barton. The most recent week of TfL tube data shared with City A.M. shows tube trips reached over 80 per cent of [...]
Jet2 set for bumper profits as Brits opt for better weather and warmer seas July 2, 2023 Jet2 is set to report profits ahead of expectations in its full year results next week, as the leisure travel company eyes a critical summer period ahead. The group now expects pre-tax profits well above previous analysts’ estimates, of up to nearly £400m, well ahead of initial predictions of £377m. It comes amid a rise [...]
Back hydrogen or lose out to Europe and Asia in green race, BMW warns July 2, 2023 Britain must back the roll-out of hydrogen filling stations in the UK or risk falling behind Europe and Asia in the race to roll out greener vehicles, BMW has warned. Jurgen Guldner, manager of hydrogen technology at the Munich-based carmaker, told the Sunday Times that “if the UK government wants to decarbonise,” it must “get [...]
Tuffnells saved from administration by logistics firm Shift with new depots and jobs saved June 30, 2023 Logistics tech company Shift has brought Tuffnells back from the brink of closure by announcing a re-launch of the delivery giant in July. Shift said it is securing the future of the delivery giant by opening 25 depots, nine of which were previously operated by Tuffnells. It comes as Tuffnells collapsed into administration earlier this [...]