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. [...]
Direct Line faces ‘bumpy road ahead’ as motor claims soar May 9, 2023 Direct Line warned that rising motor claims would put pressure on earnings today, as it published its first quarter results. The company reported a 9.7 per cent rise in first-quarter underlying gross written premiums to £805.7m. The insurer warned its motor segment would continue to “put pressure” on earnings, as damage related claims tick higher [...]
Virgin Galactic shares take-off after astronaut test flight announcement May 9, 2023 Space-tourism company Virgin Galactic Holdings said on Monday that a four-member test flight will take place in May and that it aims to launch its first commercial flight in late June. Shares in Virgin Galactic jumped four per cent after the company said the May mission would be the final test of the spaceflight system [...]
London cabbies’ green ambitions slowed by poor EV charging set-up, warn taxi firms May 8, 2023 Taxi firms have called for more action from government and City Hall to address failures in London’s EV charging infrastructure, which they argue is slowing the transition to electric fleets. “There’s work to be done on infrastructure,” Liam Griffin, CEO of Addison Lee, told City A.M. “When we signed up to this, there were all [...]
Coronation weekend: How to get around London, what roads are closed and are buses and trains working? May 5, 2023 Londoners have been warned the Coronation weekend will lead to numerous road closures in central London, with services likely to be “very busy”. Transport for London confirmed there are “no planned closures” of the London Underground network, but warned during the day on Saturday particularly at key interchanges it will be considerably busier than usual. [...]
Rail union RMT extends strike mandate for next six months as hospitality industry urges resolution May 5, 2023 Members of the biggest rail workers’ union have voted to renew their mandate to continue taking industrial action for the next six months in the long-running dispute over pay and conditions. The Rail, Maritime and Transport union (RMT) said there was an overwhelming vote in favour. Unions involved in disputes have to re-ballot their members [...]
WATCH: RNLI’s Tower lifeboats called out from new London station for the first time May 4, 2023 London’s busiest lifeboat rescue crew sprung into action from its new Waterloo Bridge home for the first time this week. The Tower team of the Royal National Lifeboat Institution (RNLI) launched from its newly-created multimillion pound station , after the dilapidated old one was towed away in January. Its previous station, which had parts of [...]
Electric cars running out of charge as sales forecast downgraded May 4, 2023 Electric vehicle (EV) sales forecasts have been lowered despite nine consecutive months of growth in the UK car market, as concerns build over inadequate charging infrastructure in the UK. According to the Society of Motor Manufacturers and Traders’ (SMMT) forecasts, 22.6 per cent of new car registrations will now be battery electric vehicles (BEVs) by [...]
Volkswagen profits hit by drop in Chinese sales as rivals gain a foothold May 4, 2023 Volkswagen (VW) profits fell 30 per cent in the first three months of the year despite booming business in Europe and North America because sales dropped in China, where the German car maker is facing increasing competition from homegrown models. After-tax profit fell to 4.7 billion euros (£4.1bn) from 6.7 billion euros (£5.9bn) in the [...]