Vodafone: New chief embarks on Emirati E& partnership, with board seats up for grabs May 11, 2023 Vodafone has announced a strategic relationship with e& – the Emirati telecommunications firm which currently holds 14.6 per cent of its shares. In the deal, E&’s chief executive will join the board and there are provisions included for another member its team team to take a seat should the Emirati firm’s shareholding go above 20 [...]
Hapag-Lloyd sees profits dive as shipping slump continues May 11, 2023 Shipping group Hapag-Lloyd has reported a €2.2bn (£1.91bn) tumble in profit, as the end of the post-pandemic shipping boom continues to hit the freight sector. Revenues dived 29 per cent over the quarter to €5.6bn, while pre-tax earnings fell 53.1 per cent to €2.2bn (£1.91bn) in the first quarter. Hapag-Lloyd said a combination of low [...]
Elizabeth line sees hybrid workers flock back to the office May 11, 2023 London’s popular Elizabeth Line has prompted a surge in workers heading into the office, new research released on the eve of its one year anniversary shows. Footfall data from the workspace operator IWG has today revealed a 23 per cent increase in the number of visits, to offices across nine Elizabeth Line stops, since the [...]
Uber launches new flight-booking feature as it doubles down on growth May 10, 2023 Uber has launched a new feature that allows customers to book flights using the app, as the company looks to expand modes of travel for users. The ride-hailing giant today rolled out the new booking tool for domestic and international flights in partnership with the online travel agent Hopper. Andrew Brem, General Manager at Uber [...]
Used car market accelerates as consumers opt for cheap vehicles amid rising bills May 10, 2023 The UK’s used car market saw its biggest quarter of growth since 2020 today, as consumers opt for cheap motors amid higher bills and the sector benefits from the knock-on effects of the semi-conductor shortage ease. The figures, published by the Society of Motor Manufacturers and Traders (SMMT), showed that the UK market for second-hand [...]
Toyota eyes EV sales boom in China as firm helped by easing supply chain issues May 10, 2023 Toyota Motor Corp on Wednesday said it expects operating profit to climb 10 per cent this business year, with a five-fold jump in pure electric vehicle (EV) sales amid an easing in global supply chain disruption from a shortage of chips. The growth plan was unveiled by new CEO Koji Sato, installed last month, and [...]
Government permits ‘long lorries’ on British roads – but are they safe? May 10, 2023 The Department for Transport (DfT) has today announced legislation permitting ‘long lorries’ to be rolled out on UK roads, estimating a £1.4bn boost to the economy as a result. The new laws will allow longer semi-trailers (LSTs) of up to 18.55 metres on British roads, over two metres more than the standard size, from 31 [...]
60 business leaders warn Sunak to bring Great British Railway plans forward – or jobs and investment will be on the line May 9, 2023 Sixty business leaders have written to Prime Minister Rishi Sunak today, urging him not to delay legislation that would establish Great British Railways (GBR) beyond the current parliament. The letter, which was also addressed to Transport Secretary Mark Harper and Rail and HS2 Minister Huw Merriman, argued that pushing the reforms into the long grass [...]
Ryanair places multi-billion Boeing order as airline bets on boosting passenger numbers May 9, 2023 Ryanair has placed a multi billion dollar order for up to 300 Boeing 737 Max 10 jets in a deal which would mark the end of a dispute between the two aviation giants. The deal is estimated to be worth around $40bn (£31.7bn) based on listed prices, with a discount likely due to the sheer [...]
Elizabeth Line: Workers to walk out later this month on London’s most popular route May 9, 2023 Elizabeth Line workers will strike on Wednesday 24 May in what is the latest industrial action to hit London’s most popular line. The action brought by members of the Transport Salaried Staffs’ Association (TSSA) union announced today, is part of an ongoing pay dispute between operational staff, such as traffic and response managers, and TfL. [...]