Airbus in £10bn talks to lock in Saudi Arabia for mega order of 40 A350 planes October 24, 2022 Saudi Arabia is reportedly in talks with EU plane manufacturer Airbus for the purchase of around 40 A350. Industry sources told Reuters the order would stand at $12bn (£10.6bn) and could be announced as early as this week. The Saudi government is in fact hosting the Future Investment Initiative, an international investment forum run by [...]
Hop on: Rail overtakes flights on busy London-Edinburgh route October 24, 2022 Rail has overtaken aviation as the preferred mode of transport to Scotland as one million people have chosen to travel from London to Edinburgh via electric train operator, Lumo. According to data released today, between April and August 57 per cent of the London-Edinburgh journeys were done by train – 22 per cent up on [...]
Crypto cash makes more Brits drive luxury cars despite raging cost of living crisis October 24, 2022 Luxury car owners have increased by 9.2 per cent over the past year, according to data published today. Figures from accountancy group UHY Hacker Young show that the number of luxury car owners has gone up from 221,124 in 2020 to 241,391 a year later. According to UHY Hacker Young’s partner David Kendrick, sales were [...]
‘Jewel in the crown’: Elizabeth Line’s Bond Street station formally opens October 24, 2022 The Elizabeth Line’s long-awaited Bond Street station opening has taken place, dubbed the “jewel in the crown of the West End’s” transport link. Crossrail’s latest new station will relieve congestion in the heart of London’s shopping district, giving more access to Oxford Circus. Its opening takes place ahead of the 6 November launch of extensions [...]
Royal British Legion cancels London poppy appeal event due to November rail strikes October 22, 2022 The Royal British Legion has scrapped its £1m poppy appeal fundraising event after announced rail strikes in November. Initially scheduled for 3 November, London Poppy Day sees around 2,000 veterans and personnel raise money in the capital. However, RMT strikes have caused the charity to announce it is now looking at how to “lessen” the [...]
Civil Aviation Authority chief steps down following a summer of travel chaos October 21, 2022 The chief of the UK Civil Aviation Authority will stand now next year after a rocky few years of pandemic transport chaos and strike action drama. Richard Moriarty has worked for the organisation for more than ten years, in senior roles including Director of Competition and Economic Regulation, Director of Consumers and Markets, Deputy Chief Executive [...]
ULEZ 2021 expansion brings additional £100m to TfL coffers October 21, 2022 Last year’s expansion of the ULEZ has brought an additional £100m into TfL’s coffers, according to a research published today. TfL data analysed by the RAC show that 1.9 million journeys were made into the ULEZ, following its expansion to encompass the North and South Circular roads in October 2021. It amounts to £93.6m of [...]
National Express boss: UK economic environment ‘catalyst’ for shift to coach travel October 20, 2022 The UK’s economic woes have become a “catalyst” for the modal shift to coach and bus travel, according to National Express. Chief executive Ignacio Garat told City A.M. that coach and bus travel has “proven to be the most efficient” way to get around the country. “It is the most cost effective mode of transport [...]
One in three UK households: Energy crisis risks dragging 26m Brits into fuel poverty October 20, 2022 The axing of the energy price guarantee from April next year could lead to almost 11m UK households falling into fuel poverty, campaigners have warned, which is about 26m people. It means more than one in three British households face the grim prospect of hardship: there are an estimated 28.1m households in the UK. The average household [...]
Shareholders launch campaign to tie Elon Musk’s salary to Tesla’s ESG October 20, 2022 Shareholders, spearheaded by activist investor Tulipshare, have launched a campaign to tie Elon Musk’s salary to Tesla’s environmental, social and governance (ESG) performance. The announcement comes months after the electric vehicle (EV) powerhouse was booted from S&P’s ESG index. According to Tulipshare, tying the chief executive’s salary to ESG would ensure the company improves its [...]