Great British Railways’ creation to take place before next election November 15, 2022 The creation of new rail body Great British Railways continues to drag on, as the legislation will now be tabled before the next general election. Just last month then-transport secretary Anne Marie Trevelyan said GBR would be postponed to the next parliamentary session as the current energy and financial crisis took over the government’s agenda. [...]
UK well ahead of EV adoption curve but charging concerns threaten uptake November 15, 2022 The UK remains well ahead of the Climate Change Committee’s electric vehicle (EV) adoption curve but charging concerns threaten future uptake. Data published today by Volkswagen Financial Services UK showed that the UK is ahead by more than 150,000 units when it comes to the rate at which EV adoption must increase for the UK [...]
Aston Martin shares plunge 12.4 per cent following Jefferies downgrade November 15, 2022 Aston Martin’s shares today slumped as low as 12.4 per cent following Jefferies’ downgrade. Stocks seemed to have slightly recovered since this morning as they were 9.89 per cent down around 12.30pm. In an analyst note sent this morning, the US investment bank demoted the luxury car maker from ‘hold’ to ‘underperform’, while slashing the [...]
Wincanton profits hit £28m as firms lean on supply chain specialists November 15, 2022 Logistics firm Wincanton said profits had jumped 2.6 per cent in the first half of the year as it managed to shrug off rising costs and boost revenues.
Musk to defend astronomical £47.7bn Tesla pay package in US court November 14, 2022 Elon Musk is set to appear in a US court as soon as tomorrow as he is bound to take the stand and defend his astronomical $56bn (£47.7bn) pay package. The serial entrepreneur was taken to court by a company shareholder who argued that Tesla’s board – and consequently investors – was made to approve [...]
Taxing kerosene on flights could bring £6.7bn per year into Treasury’s pockets November 14, 2022 Taxing the use of kerosene on flights could bring an additional £6.7bn a year into the Treasury’s pockets, according to research. A study by NGO Transport & Environment (T&E) published today showed that airlines should be subjected to the same rules as motorists, who pay road fuel unlike carriers. “The UK is effectively a tax [...]
Climate Change & Sustainable Eye Care November 14, 2022 | City Talk The last week has seen world leaders and changemakers from around the world gather in Sharm-El Sheik in Egypt at the annual Conference of the Parties event (COP27). This year, the goal is to build upon what has been discussed and implemented at the conference since its genesis in Rio in 1992. Global Unison Enhancing [...]
Airbus chief: A China-West economic divorce remains unlikely November 14, 2022 The economic relationship between China and the West will never be truly over, Airbus’s chief executive Guillaume Faury has said. According to the chief executive, despite current economic and political tensions, the two blocks are too intertwined to sever all ties, as this would lead to a global economic collapse. “I think a breakup of [...]
Misty Monday: Dozens of flights cancelled at London airports as fog engulfs capital November 14, 2022 Dozens of flights have been cancelled over the past few hours at London airports as the fog that engulfed the capital since yesterday continues to present a risk to operations. British Airways – which was forced to cancel 15 domestic and short-haul flights to Heathrow – said it was doing everything it could to get [...]
Businesses call on Chancellor to boost regional growth by investing in tourism November 14, 2022 Businesses have called on Chancellor Jeremy Hunt to boost regional growth by investing in travel and tourism. Advocacy group BusinessLDN has called for the reintroduction of VAT-free shopping for international arrivals, as well as ramping up Border Force personnel to speed up queues at airports and ease visa processes for low-risk visitors such as children. [...]