Boeing says it stopped buying aluminium from Russia September 7, 2022 Boeing stopped buying aluminium from Russia earlier this year as Moscow was hit by Western sanctions following the invasion of Ukraine, the company said late last night. “Boeing suspended purchasing aluminium from Russia in March, as we suspended major operations in Russia,” it said in a statement. Russia is the world’s second largest producer of [...]
Rail unions have mixed reactions to Trevelyan’s appointment September 7, 2022 Rail unions have had mixed reactions to yesterday’s appointment of Anne-Marie Trevelyan as new transport secretary. The union RMT has called on Trevelyan to adopt a fresh approach to rail disputes, facilitating discussions between workers and companies. “There is clearly now the opportunity for a new approach from the government to facilitate discussions between the [...]
New transport sec Anne-Marie Trevelyan needs to be ‘plucky 13th’ since turn of century, AA says September 7, 2022 The AA hope the 13th transport secretary since the turn of the century will be “plucky” in transforming the roads. Anne-Marie Trevelyan, formerly the Secretary of State for International Trade, was appointed to the role last night by Prime Minister Liz Truss. Succeeding Grant Shapps, the AA published a list of 10 priorities on their [...]
Sadiq Khan slams London City expansion as public consultation nears end September 6, 2022 London mayor Sadiq Khan has slammed the proposed expansion of London City airport as the 10-week public consultation on the ramp up of services ends on Friday. Khan accused the airport of not “having demonstrated satisfactorily that [the plans] are compatible with our net-zero and wider environment objectives.” “It is essential the airport recognises that [...]
Eurowag boss: ‘We floated in London as we would get the best reception’ September 6, 2022 Martin Vohanka – chief executive of Czech tech platform Eurowag – said he chose London for the company’s IPO because it would “get the best reception.” “It’s about the best venue, where we believed there was the largest pool of investors which could understand our business model,” he told City A.M. Founded in its current [...]
Lufthansa averts two more days of strikes following deal with pilots September 6, 2022 Lufthansa has averted an additional two-day strike after it reached a deal with the pilots’ union. The VC union called off the walkout which was scheduled for tomorrow and Thursday, saying the two parties had set the basis of a comprehensive package of measures – both monetary and structural – which will be laid out [...]
EU airfares return back in line with pre-pandemic normal September 6, 2022 Airfares in Europe have gone back in line with the pre-pandemic normal, according to data released today. “Pricing in Europe appears to be in line with pre-pandemic rates of 2017-2019, indicating that after a busy summer period the industry has been able to recover to somewhat normal levels,” said Elise Weber, chief executive of airfare [...]
Porsche: Listing going ahead unless ‘severe geopolitical problems’ arise September 6, 2022 Porsche’s listing will go ahead unless “severe geopolitical problems” arise, according to chief financial officer Lutz Meschke. “You never know what will happen regarding geopolitical issues, but if a potential IPO would be stopped now, we are talking about severe problems,” Meschke said on Tuesday during a media call. “By then, a potential IPO would [...]
Construction sector shrinks for second month in a row as recession signals brighten September 6, 2022 Construction activity shrank for the second month in a row in a sign the UK economy’s malaise is spreading to every sector, a closely watched survey published today showed. S&P Global and the Chartered Institute of Procurement and Supply’s purchasing managers’ index (PMI) edged higher to 49.2 last month, up from 48.9 in July. Despite [...]
Vertu Motors registers profit increase but warns of rising electricity bill September 6, 2022 Vertu Motors said it is facing a rise in its electricity bill from the start of October, as it and many other companies see their fixed-price energy deals run out. The business revealed that it is paying below market rate at the moment for its power, but this will change shortly. “It should be noted [...]