Sotheby’s sells Michael Schumacher’s iconic Formula One Ferrari for record-breaking £14m November 10, 2022 Sotheby’s said this morning has sold the iconic F2003-GA chassis no. 229 at Sotheby’s Luxury Week sale in Geneva for 14,630,000 CHF, or close to £14m, making it the most valuable Formula One car of the modern era ever sold. The previous record was held by another ex-Michael Schumacher Ferrari, an F2001, which sold for [...]
Auto Trader’s revenue jumps as booming market place gets double-digit boost November 10, 2022 Auto Trader’s group revenue has jumped 16 per cent as a result of a double-digit growth in its marketplace business. In the six months ended 30 September, the car retailer posted a £249.8m revenue, up from last year’s £215.4m. While Auto Trader’s marketplace posted an 11 per cent increase in revenue, going up to £238.2m. [...]
British Gas owner Centrica hands £250m to shareholders as profits surge November 10, 2022 British Gas owner Centrica will hand £250m to shareholders as high wholesale prices put the firm on course for massive profits.
Here we go again: Capital grinds to a halt as tube strike hits millions of Londoners TODAY November 10, 2022 Another tube strike by transport workers today will mean very limited services on most lines, with millions of Londoners to be hit by travel chaos. Passengers are urged to check before travelling today and tomorrow morning, when services are also expected to be affected by the strike. Members of the Rail, Maritime and Transport union [...]
‘Too weak’: Sadiq Khan slammed over Tube strike TODAY November 10, 2022 Greater London Authority’s Conservatives have blamed mayor Sadiq Khan for today’s Tube strike. “Londoners are facing yet another disruptive strike under Sadiq Khan’s watch, despite his broken promise of zero strikes,” GLA transport spokesperson Nick Rogers said yesterday “Militant unions are striking because they know Sadiq Khan is too weak to stand up to them [...]
Union GMB accuses Addison Lee of delaying workers’ compensation as operator goes back to court November 9, 2022 Union GMB has accused Addison Lee of preventing workers from obtaining their compensation after lawyers for the private hire service challenged a Court of Appeal decision from April 2021 on workers’ status. According to the union, Addison Lee said workers’ status should be argued once again in an Employment Tribunal tomorrow. “This once prolific minicab [...]
Octopus looks to slash heat pump costs with Lloyds deal November 9, 2022 Renewable energy firm Octopus has struck a deal with Lloyds Banking Group to roll-out low-cost heat pumps to customers today, in a tie-up that aims to boost the decarbonisation of domestic heating.
Jaguar Land Rover’s revenue surge on Range Rover production November 9, 2022 Jaguar Land Rover’s revenue has surged over the last quarter driven by the ramped up production of Range Rover and Range Rover Sport models. The luxury car maker posted a revenue of £5.3bn – up 36 per cent on last year’s levels and 20 per cent higher than last quarter. Order book increase to 205,000 [...]
FirstGroup eyes long-term contract for Avanti following focus on improving timetables November 9, 2022 FirstGroup is working to deliver a long-term government contract for its hailed subsidiary Avanti as the group focuses on ensuring “acceptable” service levels to passengers. “Our complete focus in the second half will be on operational improvements and delivering acceptable passenger service levels,” chief executive Graham Sutherland told analysts this morning. Avanti made the headlines [...]
It’s on: Tube strike going ahead tomorrow after RMT talks with TfL collapse November 9, 2022 Tube workers will be strike on Thursday after negotiations over pay, pensions and job cuts broke down. The RMT (Rail, Maritime and Transport union) accused Transport for London (TfL) of having “refused” to reach an agreement, after days of disruption across the country with national strikes called off at the last minute. Despite action formally [...]