Airbus struggles to appoint finance chief ahead of CFO Assam’s departure in three weeks February 9, 2023 Airbus is drawing up a stop-gap succession for the role of chief financial officer after struggling to appoint a permanent successor to Dominik Asam, who joins German software group SAP in under three weeks, industry sources said. Barring a rapid breakthrough, the world’s largest plane maker may appoint an interim CFO after Asam steps down at the end of [...]
Investigation finds rail union TSSA tolerated bullying, harassment and sexual assault February 9, 2023 An independent inquiry has found instances of bullying, discrimination and sexual harassment at the rail union TSSA. Launched in the summer and led by Baroness Helena Kennedy, the investigation uncovered a series of “appalling accidents.” These ranged from coercive behaviour and humiliation to inappropriate and sexual touching as well as sexual assault. Baroness Kennedy wrote [...]
Rail: Inquiry launched into anti-strike bill amid concerns about minimum service level proposal February 9, 2023 The Commons’ transport select committee has launched an inquiry into how the controversial anti-strike bill will apply to the railway sector – with a focus on the demand for minimum service levels. The legislation – which is having its second reading in the Lords on 21 February – will guarantee minimum service levels during strike [...]
Nissan profits soar to £832.2m as carmaker takes advantage of weaker yen and cuts sales estimates February 9, 2023 Nissan said its profits had risen by 60 per cent due to a combination of weaker yen and what it called “cost optimisation”. The Japanese car maker has reported a ¥133.1bn (£838.2m) in the three months ended, up from last year’s ¥52.2bn. Revenue also soared by 28.5 per cent to ¥2.2tn, while net income at [...]
How decoupling cost of electricity from gas can benefit EV uptake, according to motoring groups February 9, 2023 Motoring groups have called on the government to decouple the wholesale price of electricity from gas in a bid to bring down the costs associated with running an electric vehicle (EV). The RAC and EV campaign group Faircharge today urged ministers to publish the results of their Review of Electricity Market Arrangements, which closed in [...]
‘Unmitigated disaster’: Unions and Sadiq Khan slam transport sec Mark Harper’s rail reform plan February 8, 2023 Unions and Sadiq Khan have slammed the government’s plans to enhance the private sector’s role in railways, calling it “an unmitigated disaster.” It comes after transport secretary Mark Harper announced last night the creation of Great British Railways (GBR), saying the new public body will take “politics out of the railways.” According to Harper yesterday, [...]
Government, not ULEZ expansion, causes crippling anxiety Khan tells ‘rebel’ council Harrow February 8, 2023 Sadiq Khan has told Harrow council leader Paul Osborn he should be blaming the government and not City Hall’s ULEZ expansion for leaving residents filled with anxiety. “The reason why people are stressed out is because of this government’s policy over the last 13 years,” the Mayor of London told City A.M. “What this Conservative [...]
Driving success: Uber eyes profitability as airport and office journeys fuel post-pandemic rideshare demand February 8, 2023 Uber said it had set its sights on delivering profits this year after 2022’s surge in demand for airport and office rides helped the company rebound from pandemic lows. Dara Khosrowshahi, chief executive of Uber, said the company was now focused on achieving profitability on a GAAP basis this year. Khosrowshahi said: “The pandemic’s impact on [...]
Great British Railways confirmed: Body will take ‘politics out’ of sector, says Mark Harper February 7, 2023 Transport secretary Mark Harper has confirmed the creation of Great British Railways, saying the new public body will take “politics out of the railways”. “This is not Network Rail 2.0, nor a return to British Rail,” Harper told the sector as he delivered the annual George Bradshaw address earlier this evening. “Taking the politics out [...]
ULEZ expansion ‘not the answer’: Rebel boroughs Harrow and Bromley warn Khan of impact on ‘poorest and vulnerable’ February 7, 2023 Harrow and Bromley councils have responded to a letter from Sadiq Khan over the expansion of ULEZ, warning of its impact on the poorest. Harrow councillor Paul Osborn wrote to Khan earlier this week, reiterating that the expansion of the ultra-low emission zone (ULEZ) to include the whole of Greater London was “not the answer” [...]