Net-zero bus maker Wrightbus bags £26m gov-backed funding to expand into EU and Asia November 1, 2022 Bus maker Wrightbus has bagged £26m in government-backed funding to expand its operations into Europe and South-East Asia. Under the agreement’s terms, the UK Export Finance will indemnify an £18m Green Trade loan as well as an £8m Green Bank guarantee provided by Barclays. “It’s fantastic to see Great British companies like Wrightbus take full [...]
Toyota slashes car production target as profit slumps by 25 per cent due to headwinds November 1, 2022 Toyota has slashed its production target for the year as its quarterly profit slumped by 25 per cent due to a combination of industry and economic headwinds. The Japanese automotive powerhouse has posted an operating profit of 562.7bn yen (£3.3bn) for the three months ended 30 September. This was down on the 750bn yen reported [...]
TfL criticised for charging over-60s £10 to prove they live in London November 1, 2022 TfL’s decision to charge 60+ Oyster card holders £10 annually to prove they still reside in London has caused a stir, as one user branded it a “scam.” Ghanashyam Master told MyLondon he now has to pay £20 to get a new card after he failed to pay the £10 fee by 16 October. “Trying [...]
Ryanair tells passengers to brace for disruption over website and app outage on 8 November November 1, 2022 Passengers have been urged to check in early as Ryanair’s website and app are set to undergo maintenance works later this month. The low-cost carrier has announced the website will be down for 11 hours between 6pm on Tuesday 8 November to 5am on Wednesday 9 November. “Due to planned maintenance, Ryanair website / app [...]
Soaring energy bills putting off 70 per cent of drivers from getting an EV November 1, 2022 Energy bill hikes are putting potential drivers of electrical vehicles off, as the AA’s president warns it will hamper progress to cleaner driving. More than 70 per cent of drivers considering switching to a zero-emissions vehicle have been deterred by switching to an EV due to soaring costs of electricity. An AA poll of more [...]
Local cabbie prices could spiral following Uber lawsuit over VAT November 1, 2022 Taxi firms could be forced to up their prices by a fifth as Uber calls for cabbies across the country to pay VAT on their journeys. A High Court hearing is expected to be handed down this week after the ride-hailing giant sued Sefton Council about VAT terms operating outside of London. Since the 1970s, [...]
London’s businesses need more affordable housing for their young staff October 31, 2022 Few of Britain’s problems could not be solved by putting shovels into the ground. Nowhere is that more true than when it comes to housing – a shortage that could, if left unchecked, become a brake on the entire country’s economic growth. On our front page today we report on a potential fall in London [...]
Airbus warns of ‘material adverse impact’ from Qatar Airways lawsuit October 30, 2022 Plane manufacturer Airbus has warned investors it faces “material adverse impact” as the result of an ongoing court battle with Qatar Airways, over the Qatari airline’s claims it was forced to ground multiple aircraft due to an underlying “design defect” in Airbus’ planes. In a financial statement, Airbus said Qatar Airways’ lawsuit could have an [...]
Octopus Energy snaps up collapsed rival Bulb October 29, 2022 Octopus Energy has struck a deal to snap up its collapsed rival Bulb today, ending the period of ‘special administration’ that has seen billions pumped into the firm by the government.
‘Quicker and easier’ journeys at Bank as TfL unveils new interchange route October 28, 2022 TfL has unveiled a new interchange route at Bank station, which is set to make journeys “quicker and easier” for thousands of commuters walking between the Northern and Central lines. The public body has added two new 100-metre moving walkways and three new escalators just two weeks after unveiling more escalators between the Northern line [...]