After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
DX shareholder moves to oust chair over botched inquiry October 26, 2022 A major shareholder in London-listed logistics company DX Group called for its chair to be ousted today as it accused him of having “severely harmed investor perceptions” in the firm.
Not enough: Gov ramps up EV charger rollout amid calls for more action October 26, 2022 The UK Government has continued to ramp up the rollout of public electric vehicle (EV) chargers over recent months. According to data published today by the DfT, as of 1 October 34,637 public EV chargers were installed in the UK – 34 per cent up on last year’s levels. This is also 8 per cent [...]
Mercedes to exit Russian market after manufacturing suspension October 26, 2022 Mercedes is set to exit the Russian market once and for all after it suspended manufacturing in March as a result of Moscow’s invasion of Ukraine. The car maker said today that, even though it will sell its shares to Russian car dealership Avtodom, the transaction will not impact the group’s financial position or its [...]
Boeing shrinks loss in plane business but takes £2.4bn hit from defence unit October 26, 2022 Despite shrinking its losses in the commercial plane business by around 7 per cent to $643m (£556.8m), Boeing was hit by a $2.8bn (£2.4bn) loss from its defence unit. The commercial plane business’ revenue went up to $6.3bn driven by the resumption of 787 and 737 deliveries, as Boeing shipped 112 planes in the three [...]
Ford to discontinue Fiesta production as focus shifts to electric cars October 26, 2022 Ford will discontinue the production of its iconic Fiesta model by the end of June 2023 as the car maker focuses on its electrification strategy. The marque announced today that, alongside the Fiesta, it will also stop manufacturing the S-MAX and Galaxy models. “At Ford in Europe, we are accelerating our efforts to go all-in [...]
TfL unveils state-of-the-art pantograph electric bus chargers in renewed green push October 26, 2022 Transport for London’s push to go green took another step this week, with the unveiling of state-of-the-art technology to charge zero-emission buses. New pantograph charging points were unveiled at Bexleyheath bus garage, allowing some of its 850-strong fleet of green buses to be charged overnight. With a view to having a fully zero-emission bus fleet [...]
25 per cent down: Heathrow boss warns ‘many years’ until pre-Covid flying levels reached October 26, 2022 It will take some time for Heathrow to go back to pre-pandemic levels, according to the airport’s boss John Holland-Kaye. The west London hub expects between 60 and 62 million people to pass through its gates this year, 25 per cent down on the 81 million posted in 2019. Heathrow also reported 18 million passengers [...]
Rail union cancels strike on 3 November due to Poppy Day October 26, 2022 Rail union RMT has confirmed it is cancelling its planned strike action on 3 November after it was made aware the Royal British Legion’s Poppy Day would be on that same date. Workers will now strike on 5, 7 and 9 November as part of a long-standing dispute over salaries, jobs and working conditions. Network [...]
TfL extends e-scooter trial until May 2024 October 25, 2022 TfL has extended its e-scooter trial until the end of May 2024 following updated guidance from the DfT, which allows local authorities to continue for the next year and a half. The extension comes on the heels of the government deciding to create a new vehicle category in the legislation to include e-scooters. Launched in [...]
Ryanair’s Michael O’Leary: Worldwide inflation good for our growth October 25, 2022 The world’s surge in inflation rates will help Ryanair’s growth as people will not stop flying altogether, but will rely instead on budget airlines. “We think recession [and] price inflation is very good for our growth,” chief executive Michael O’Leary told journalists today in Lisbon. European countries have in fact been hit by soaring inflation [...]