Nigerian mobility fintech Moove raises £15m to ramp up UK operations October 19, 2022 Nigerian mobility fintech Moove has raised £15m from asset manager Emso to ramp up operations in the UK. Moove said the financing will help it provide 10,000 electric vehicles to Uber’s fleet as part of its UK launch. This will enable Moove to become Uber’s largest EV provider as the ride hailing giant aims to [...]
Transport secretary Trevelyan calls for ‘wage restraint’ in rail October 19, 2022 Rail workers’ wage increases need to be realistic as the Treasury cannot cope with salaries going up according to inflation rates, transport secretary Anne-Marie Trevelyan said. “Within the rail sector we have to maintain wage restraint because we’ve already spent £16bn just keeping it going,” Trevelyan told the transport select committee earlier today. “So it [...]
Rolls-Royce enters next era as first fully-electric motor car goes on display, in gold October 18, 2022 Rolls-Royce has unveiled its first fully-electric motor car. The British manufacturer said the first customer cars of the new Spectre model will be delivered late next year. The model, displayed in gold by Rolls-Royce, fulfils a “prophecy” by the maker’s founder, Charles Stewart Rolls, who said in 1900 the electric car is “perfectly noiseless and [...]
Heathrow creates new exec position to mend fences with airlines October 18, 2022 Heathrow has created a new executive position to mend fences with its airline customers following this summer’s travel chaos. The west London hub today appointed director of operations Kathryn Leahy as director of Team Heathrow. “The new position is designed to ensure we build on the close-knit co-operation required between the 400 companies that operate [...]
Half-term boom: Stansted expects 400,000 departures October 18, 2022 Over 400,000 people are expected to fly from Stansted during the October half-term, according to forecasts released today. Stansted has predicted that more than 800,0000 passengers will pass through its gates between 21 and 30 October, with Friday 21 being the busiest day. This is up on last year’s levels as 500,000 passengers were reported [...]
Finally here: Elizabeth line Bond St station to open on Monday October 18, 2022 The long-awaited Elizabeth line is one step closer to completion as Bond Street station is set to open its doors to millions of travellers next Monday. The station – whose final operations are currently underway ahead of the opening – will relieve congestion at Oxford Circus and give a boost to the West End by [...]
Eurostar cancels Paris-London services as strikes hit France October 18, 2022 Eurostar has cancelled trains between Paris and London as nation-wide strikes hit France. The train operator was forced to axe today’s 11.13am and 4.13pm services to London as well as the 1.31pm and 7.01pm trains to Paris, as thousands of French transport workers walked out in a dispute over pay. “Travellers booked on a cancelled [...]
Lookers begins £15m buyback programme as it raises year profit October 18, 2022 Lookers has begun a £15m share buyback programme as it raises profit forecasts for the full-year. The car dealership chain announced today that, encouraged by strong trading in the third quarter, it now expects profit before tax for 2022 to be ahead of previous expectations to no less than £75m. “We have built on the [...]
Jet2 orders 35 Airbus planes for £3.4bn to meet travel demand October 18, 2022 Jet2 has ordered 35 A320 neo aircraft for $3.9bn (£3.4bn) from Airbus as it remains confident demand for package holidays will continue to surge over the next decade. The deal comes on the heels of Jet2 placing an order for 36 A321 neo last year – its first purchase from Airbus after years of loyalty [...]
From new duties to volatile pricing: Brexit is making life in Europe impossible for UK firms October 17, 2022 The volatile pricing and availability of materials, accompanied by widespread disruption to global supply chains are just a few of the challenges faced by many UK businesses post-Brexit. Those trading within the European Union have suffered a massive upheaval due to the loss of access to the EU’s present free trade agreements. Following the end [...]