Queen’s funeral: Travel chiefs warn train network will be ‘extremely busy’ as refunds offered September 12, 2022 Travel chiefs have warned services and stations will be “extremely busy” in the next week due to the official period of mourning. Both the Rail Delivery Group and Transport For London discouraged unnecessary travel and urged planning, as hundreds of thousands are expected to visit Her Majesty the Queen lying in state. Parliamentary authorities are [...]
Production output sinks below pre-Covid levels as electricity and gas sector declines September 12, 2022 Monthly production output in the UK dropped this summer, sitting at a level below the last pre-Covid level in February 2020. Output sank 0.3 per cent between June and July 2022, coming in at 1.3 per cent below February 2020 levels, according to freshly published data from the Office for National Statistics (ONS). The fall [...]
Driverless vehicle maker Aurrigo heads for London’s AIM September 11, 2022 Driverless vehicle maker Aurrigo is set to list on the London AIM tomorrow morning.
Travel businesses need to be eligible for government energy cap September 8, 2022 Travel businesses should be eligible for the government’s cap on energy bills, according to travel association ABTA. ABTA, which represents UK travel agents, said the sector should receive financial support as it is heading into the low travel season with many companies still recovering from the pandemic’s impact. “With a fiscal statement expected later this [...]
Cazoo shuts EU operations down as it targets return to profitability September 8, 2022 Online car retailer Cazoo announced on Thursday it will shut down its EU operations as it targets a return to profitability by the end of next year. The company reported in August a £243m half-year loss, which prompted a review of its business. Cazoo said its EU operations would require additional external capital, which is [...]
All eyes on the Pound as Sterling set for bounce on Truss’s energy bill freeze September 8, 2022 It’s a big day in the markets with Liz Truss set to confirm her energy plans. The proposals are set to place a huge burden on the UK’s already strained finances. UK energy bills are set to rise to more than £3,500 a year for the average household from October, with Truss expected to outline [...]
Melrose to break up Britain’s oldest engineering firm via GKN automotive spin-off September 8, 2022 Melrose Industries confirmed this a.m. plans to spin off the GKN automotive business in a move that will see Britain’s oldest engineering firm broken up. Turnaround specialist Melrose, which bought GKN in a controversial £8bn takeover in 2018, said it will demerge GKN’s automotive and the smaller powder metallurgy divisions from its aerospace arm into [...]
Govia Thameslink staff balloted by TSSA union over possible fresh strike action September 8, 2022 Govia Thameslink train staff are to be balloted for industrial action in protest of pay, conditions and redundancies. Rail union TSSA will open ballots for hundreds of its members working at Govia Thameslink Railway, which includes four key franchises. Results of the ballot will be announced on 6 October and could impact Thameslink, Southern, Great [...]
Royal Mail workers call for further strike amid 48-hour walkout starting TODAY September 7, 2022 Royal Mail workers have announced further strike action for the end of the month, as staff prepare for tomorrow’s 48-hour strike. The union CWU today called for an extra 48-hour strike beginning on 30 September as a result of the “despicable” way its postal workers were being treated. “There can be no doubt that postal [...]
Ryanair boss O’Leary expresses doubts over Boeing deliveries September 7, 2022 Ryanair’s boss Michael O’Leary has voiced doubts over Boeing’s ability to deliver an order of 737 MAX aircraft. “They are running late at the moment, there are problems with production in Seattle and we want to understand those problems,” O’Leary told journalists on Wednesday. According to the chief executive, Ryanair has ordered 210 737 MAX [...]