Lookers: UK car dealership firm agrees to £465.4m buyout by Canada’s Alpha Auto June 20, 2023 British car dealership giant Lookers has agreed to be bought out by Canada’s Alpha Auto Group (AAG) after it launched a £465.4m acquisition, continuing a string of corporate deals in the sector. Global Auto Holdings Limited – the bidding vehicle for the takeover – announced the acquisition this morning, with the bid worth 120p per [...]
We need to talk more about lithium – UK risks supply shortfall to feed its electric car ambitions June 20, 2023 Lithium-ion batteries are the most widely used technology as of today, making lithium gold dust in the EV race.
Airbus wins biggest order in history of commercial aviation from Indian carrier Indigo June 19, 2023 India’s largest airline Indigo has placed the largest aircraft order in the history of commercial aviation today, ordering up to 500 of Airbus’s A320 jets. The deal for the narrow-body planes, the aerospace manufacturer’s best selling aircraft, take the total number of Airbus aircraft on order from Indigo to 1,330. The agreement was signed at [...]
Croydon tram disaster driver cleared over fatal crash June 19, 2023 A driver has been cleared over the Croydon tram disaster in which seven passengers were killed and 21 others were seriously injured. Alfred Dorris, 49, appeared visibly shaken when a jury at the Old Bailey acquitted him of failing to take “reasonable care” of the health and safety of himself and his 69 passengers on [...]
Wimbledon hit by fresh rail disruption as ASLEF announce overtime work ban June 19, 2023 Train drivers at 16 train operators will stop working overtime across six days in July, the ASLEF Union announced today, coinciding with the first week of the Wimbledon tennis tournament. ASLEF members will stop working overtime between Monday 3 July and Saturday 8 July in a long running dispute over pay. Mick Whelan, ASLEF’s general [...]
UK’s manufacturing outlook lifted as ‘extremely strong’ aerospace sector helps drive growth June 19, 2023 The UK’s manufacturing sector is set to perform better this year than previously predicted, as the country’s “extremely strong” aerospace helps to drive growth, a new report said today. The country’s manufacturing sector is only set to contract by 0.3 per cent this year rather than 3.3 per cent, according to a quarterly survey by [...]
Pirelli chief cannot be chosen by Chinese largest investor, Italy government rules June 19, 2023 Italy’s government has ruled that China’s Sinochem cannot designate the chief executive of Pirelli despite being its main shareholder with a 37 per cent stake, the Italian tyre maker said on Sunday. The decision is part of the measures announced this week by Rome’s right-wing administration to shield the autonomy of Pirelli and its management. [...]
P&O launches world’s largest hybrid and double-ended ferry in the Channel June 19, 2023 The world’s largest hybrid, double-ended ferry marks its maiden voyage in the English Channel today as part of a £250m investment from P&O Ferries to cut emissions and bolster its Dover-Calais route. Double-ended P&O Pioneer can carry 1,500 passengers and 700 vehicles and will help to bring a 40 per cent reduction in carbon emissions, [...]
Boeing: Boom time for aviation is only just beginning June 18, 2023 Boeing has forecast that the global aircraft fleet will double by 2042 to 48,600, with growth driven by low-cost carriers and $8trn (£6.24trn) worth of new commercial jets added to the market. In its annual 20-year forecast, the US planemaker said that it anticipates demand for 42,595 new commercial aircraft over the period, a rise [...]
New train strikes announced for 2 July as company bans overtime June 16, 2023 Drivers at two train operators will take industrial action in disputes separate to the ongoing national row over pay, it has been announced. Members of Aslef at Avanti West Coast will strike on 2 July, while drivers employed by London North Eastern Railway (LNER) will refuse to work overtime from July 1 until further notice. [...]