Supermarkets scramble to cut diesel pump prices amid watchdog probe June 1, 2023 Supermarkets are rushing to cut the cost of diesel after the Competition and Markets Authority (CMA) announced a probe into whether a “failure in competition” between supermarkets is leaving Brits paying more than they should be at the pumps. According to RAC analysis, major retailers have “quickened the pace” of diesel cuts, with the average [...]
Government must ‘urgently reform’ road taxes to avoid £10bn shortfall created by EV transition, says think tank June 1, 2023 The government must “urgently reform” its road taxes in order to avoid a multi-billion pound revenue shortfall created by the EV transition, says a new think tank report. According to research from the Resolution Foundation, lower taxation of EVs, particularly the absence of a fuel duty, will create a growing £10bn “fiscal hole,” within the [...]
Over a third of Londoners now travelling into the office more frequently as strikes fail to deter commuters May 31, 2023 Rail strikes have failed to stop Londoners heading into the office this year, new data shows. Almost two in five Londoners (38 per cent) are commuting more frequently than they were at the start of the year, according to new data from Virgin Media’s O2 Business Mover Index, covering January to March. Wednesday was the [...]
Rail strike pain is National Express’ gain: Bumper coach bookings as Brits find ways to reach Wembley, Epsom and Beyonce May 31, 2023 National Express has seen a 30 per cent jump in travel bookings over the week of rail strikes, figures shared with City A.M. show, as passengers flocked from rail to coach to get around the country. The long distance bus and coach group, who operate around 1,500 journeys per day in the UK, warned “we [...]
Rail union boss ‘not seen anyone from government’ since January as fresh strikes bring UK to a halt May 31, 2023 Rail union Aslef’s general secretary has said he “hasn’t seen anyone from government” since 6 January, as workers start a wave of strikes, bringing trains to a halt across the country. “They are not interested, they don’t care, they are not interested in a resolution to this dispute,” he told Kay Burley’s Sky News Breakfast [...]
Paddington bare: Rail strikes clear London hub as passengers frustrated before derby day chaos May 31, 2023 Rail passengers are suffering fresh travel disruption because of more strikes in long-running disputes over pay, jobs and conditions. Members of the drivers’ union Aslef walked out on Wednesday, meaning several operators such as Avanti West Coast, CrossCountry, Northern and Thameslink are running no trains. The union’s general secretary Mick Whelan said no negotiations aimed [...]
How airports and captive audiences are driving a revenue spike at WH Smith May 31, 2023 WH Smith continued to reap the benefits of resurgent post-pandemic travel demand, with the newsagent improving its expectations for the financial year in a trading update this morning, on the back of a 31 per cent year on year rise in revenues from its airport shops. In the 13 weeks to May 27, the newsagent [...]
Tier to launch new AI tech to boot out unsafe riders and reduce costs May 31, 2023 E-scooter mobility giant Tier has announced it will launch a first of its kind AI technology in the UK, which aims to improve the safety and sustainability of its e-scooters and reduce costs. The system, described as a ‘Parrot’ e-scooter brain, is capable of recognising “anti-social riding behaviours” without requiring the use of complex and [...]
Derby day chaos: All you need to know about this week’s triple-hit train strikes May 30, 2023 Brits are bracing for fresh industrial action on the railways this week, with the RMT and ASLEF unions having announced planned walkouts on Wednesday, Friday and Saturday – which is the day of three major sporting events. It is the latest action in an ongoing pay dispute between the unions and government, which began in [...]
Toyota chair under pressure as proxy adviser urges shareholders to vote against board reappointment May 29, 2023 Toyota came under pressure over the weekend as proxy advisers urged shareholders to back calls to improve the automaker’s disclosure of climate-related lobbying, and vote against the reappointment of its chair as a director. On Friday, US-based proxy adviser Glass Lewis recommended that Akio Toyoda, who stood down as president and CEO in January and [...]