After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
TfL looks for bidders to take over £800m fare system contract November 16, 2022 TfL has launched a procurement process for the maintenance and operation of its fare system. Worth more than £800m, the seven-year agreement will start in August 2026 after the current contract, signed in 2014 by IT service manager Cubic Transportation Systems, expires. The new contract could be extended by a further five years, for a [...]
Oil firms dish out dividends as energy crisis sends profits soaring November 16, 2022 Oil firms have been dishing out bumper sums to shareholders as a crisis in the energy sector drives profits to record levels, according to research released today.
Thomas Cook hits back after rumours over Chinese owner selling its stake November 15, 2022 Thomas Cook has pushed back against reports that its Chinese owner Fosun Tourism Group was looking to sell its stake in the company. “Fosun Tourism Group has no plans to sell Thomas Cook,” a Thomas Cook spokesperson told City A.M. Sources today told Sky News’ Mark Kleinman that the Chinese powerhouse was contemplating either raising [...]
Biometric, baby! BA passengers to Malaga no longer need to show passport November 15, 2022 British Airways’ passengers departing from Heathrow’s terminal 5 to Malaga will no longer be required to show their passport. BA has become the first UK airline to trial the use of biometric technology, allowing passengers to register their details – including face scan, passport and boarding pass information – ahead of travel. On arrival, travellers [...]
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 [...]