Exclusive: ‘Covid papered over many cracks which gave firms a false positive’, warns Leonard Curtis CEO September 20, 2022 City A.M. reported recently that millions of people across the UK are now struggling to make ends meet, with only one in ten saying they don’t have any financial concerns. And it’s not just individuals that are struggling: Rising bills are the biggest worry for UK businesses, with many concerned about the spiralling cost of [...]
Services resume at Paddington following 27-hour halt September 20, 2022 Services to and from Paddington station have finally resumed following a 27-hour halt which disrupted thousands of people mourning Her Majesty the Queen. Network Rail – whose services between Paddington and Reading stopped working early on Monday morning due to faulty electric wires – said trains resumed around 9.30am. The station closed again at 10 [...]
Train drivers at 12 firms including London Overground will strike on 1 and 5 October September 20, 2022 Train drivers at 12 key operating firms will walk out on 1 and 5 October after ASLEF union confirmed members backed a strike today. Industrial action for two weeks time was confirmed for the first week of October, after being delayed due to the Queen’s death and funeral. ASLEF, which represents 96 per cent of [...]
IEA calls for global ban on petrol and diesel car sales by 2035 September 20, 2022 The International Energy Agency (IEA) has called for a global ban on the sale of petrol and diesel cars by 2035. In a report published today, the intergovernmental agency said that global progress on the transition to net-zero transport is falling short of Paris Agreement targets. The study revealed that electric vehicles need to increase [...]
Package holidays boom shows no sign of abating as Tui enjoys surge in bookings September 20, 2022 The post-pandemic boom in package holidays shows no sign of abating as giants such as Tui continue to enjoy high levels of bookings. The German operator said in a trading update published on Tuesday it would stick to its profitability forecasts following an uptick in summer and winter reservations. TUI saw a travel revival this [...]
Macquarie eyes £1bn bid for owner of Felixstowe and Teesport ports September 19, 2022 Aussie investment giant Macquarie is considering a £1bn bid for PD Ports, owner of Felixstowe and Teesport ports. PD Ports’ owner, private equity firm Brookfield, shut down an auction of the company last year while a legal row with the owner of land near Teesport raged on. According to The Times, should Macquarie submit a [...]
Going strong: EV truck maker Tevva expands into EU September 19, 2022 Electric and hydrogen truck maker Tevva has expanded operations beside the UK borders, announcing on Monday its strategy for mainland Europe. It also unveiled its newest 19tn model. The Essex-based “scale up” will start exporting its electric HGVs – which unlike competitors also have a reserve of hydrogen to boost range extension – to main [...]
Northern joins Avanti and TransPennine and reduces services September 19, 2022 State-owned rail operator Northern has followed the likes of Avanti West Coast and TransPennine and reduced services, after it admitted it was struggling to operate a full schedule. The rail operator runs services in Northern England, connecting major cities such as Liverpool and Manchester. It has been under the Department for Transport’s ownership since 1 [...]
Thousands miss Queen’s funeral as rail disruption at Paddington persists September 19, 2022 Thousands of mourners are missing the Queen’s funeral, resorting to watching the proceedings on their phones due to the ongoing rail disruption at Paddington station. Services between Paddington and Reading have stopped running since earlier this morning as a result of issues to overhead electric wires. Heathrow Express and Elizabeth line services are also affected. [...]
Empty Waterloo train left on platform as ‘waiting room’ for Queen mourners September 17, 2022 A train will be left on the platform of Waterloo station as a “waiting room” for anyone needing rest after queuing to see the Queen lying in state. Southwestern Trains announced the gesture on Twitter, as the miles-long queue from Westminster snakes the Southbank of the Thames, towards Southwark. Tens-of-thousands of people are in the [...]