Rail strikes will cost industry £110m, Network Rail warns January 4, 2023 This week’s rail strikes will cost the industry around £110m, according to Network Rail calculations. A spokesperson for Network Rail told City A.M. that train operators will lose £20m for each day of RMT strikes whilst the train drivers’ walkout on Thursday will cost the industry around £30m. Rail unions RMT and Aslef are on [...]
Rail strikes: Half of all lines shut as Mick Lynch warns strikes could last well into summer January 4, 2023 Half of Britain’s railways are closed today with only a fifth of services running, as even London’s tube and overground network are affected by the industrial action. Train passengers are suffering another day of strike disruption as the new general secretary of the TUC called for an urgent meeting with the Prime Minister in a [...]
Edging lower: Oil price slips and could fall further on China Covid concerns January 4, 2023 Oil prices edged lower on Wednesday after slumping in the previous session, weighed down by concerns about weak demand due to the state of the global economy and China’s rising Covid-19 cases. Brent futures for March delivery fell 43 cents to $81.67 a barrel, a 0.5% loss, by 0700 GMT. U.S. crude dropped 39 cents, [...]
UK airlines and airports lag behind global rivals when it comes to being on time January 3, 2023 UK airlines and airports continue to lag behind international rivals when it comes to being on time, according to new research released today. No British airlines or airports ranked in the top 10 for on-time performance, according to data from Cirium’s On-Time Performance report. Cirium, an aviation analytics firm, considers an airline to be on [...]
Musk miss: Tesla’s latest update leaves investors with yet more questions January 3, 2023 Tesla has missed analyst estimates as it delivered only 405,000 cars in the fourth quarter of 2022 – significantly fewer than Tesla-watchers were expecting. Wall Street had hoped for the number to be above 430,000. The miss is the latest cloud hanging over the firm’s controversial founder Elon Musk, with the firm’s 40 per cent [...]
Going underground: Tube set for more 4G connectivity in central London January 3, 2023 Commuters will soon no longer have to rely on intermittent tube station wifi to read CityAM.com – with 4G connectivity coming to a host of new stations. According to Transport for London, final 4G testing is underway at Camden Town, Oxford Circus and Tottenham Court Road. If successful it will mean 4G is available at [...]
Transport secretary: Covid-positive China arrivals will not have to isolate January 3, 2023 Transport secretary Mark Harper has confirmed the UK will not require Covid-positive arrivals from China to quarantine despite mounting calls from the Health Security Agency to identify and test cases. The transport secretary told LBC today that travellers from China will not be forced to isolate and said the policy to test arrivals was put [...]
Are you sure? Rail strikes still have public support, says union chief Mick Lynch January 3, 2023 The UK public is still supportive of rail strikes and staff walkouts, according to union boss Mick Lynch, as industrial unrest brings the country to a halt yet again. Lynch told Sky News workers were getting “massive support from people online, in person, on our picket lines.” Around 40,000 members of the union RMT working [...]
100 road traffic officers for National Highways launch strike today January 3, 2023 More than 100 road traffic officers and control room operators working for National Highways across England will launch a 48-hour strike on Tuesday. The walkout by members of the Public and Commercial Services (PCS) is part of industrial action in a bitter dispute over pay, pensions and jobs. Around 100,000 PCS members working in 124 [...]
Jet2 crowned UK best holiday provider as Tui and Lastminute.com slump January 3, 2023 Jet2 has taken the crown as Britain’s favourite provider of package and resort holidays. According to a survey published today by consumer champion Which?, the UK company has received the highest score in customer satisfaction alongside Swiss holiday provider Kuoni. Respondents praised Jet2’s high levels of service and reliability, with one customer saying that “you [...]