Today: TfL bosses rush into emergency meeting over £3.6bn funding as tube’s future hangs in the balance August 30, 2022 Tube bosses are rushing into an emergency meeting to discuss a government long-term funding worth £3.6bn. Headed by London mayor Sadiq Khan, TfL’s board meeting started at 12pm today but it remains unclear whether TfL bosses will accept the proposal, which was initially put on the table by transport secretary Grant Shapps on 22 July. [...]
FTSE darling Bunzl ups profitability outlook as earnings skyrocket despite steep price hikes August 30, 2022 Distribution and outsourcing group Bunzl has upped its profitability outlook as it posted a jump in its half-year earnings thanks in part to price hikes to offset soaring costs. The FTSE 100 company – which supplies businesses around the world with a variety of products, including coffee cups and food labels to department stores and [...]
Elon Musk: Focus is on releasing self-driving Teslas by the end of the year August 29, 2022 Elon Musk is currently focused on releasing self-driving Teslas in the US, and potentially in Europe, by the year’s end. “The two technologies I am focused on, trying to ideally get done before the end of the year, are getting our Starship into orbit … and then having Tesla cars to be able to do [...]
EU airlines’ seat capacity almost back to pre-Covid levels August 29, 2022 EU airlines’ seat capacity is almost back to pre-pandemic levels. According to an analysis by aviation market intelligence firm CAPA – Centre for Aviation, airline capacity is now at almost 89 per cent of 2019 levels. Projected volumes for the fourth quarter of 2022 have also gone up slightly to 88 per cent over the [...]
Wizz Air crowned worst airline for flight delays August 29, 2022 Wizz Air was crowned the UK’s worst airline for flight delays in 2021, according to data from the Civil Aviation Authority analysed by the PA news agency. Figures showed that Wizz Air – which operates from 10 British airports, including Luton and Gatwick – ran on average 14 minutes behind schedule. Wizz Air was followed [...]
Britishvolt £3.8bn gigafactory to push back production until mid-2025 August 29, 2022 Electric vehicle battery startup Britishvolt will not deliver any products from its £3.8bn gigafactory for another three years, its co-founder has said today. The gigafactory, which began construction last summer, had initially been anticipated to start battery production in late 2023. “The main facility will be delayed slightly into mid-2025,” former CEO Orral Nadjari told [...]
Cost of dropping off increased in most UK airports August 27, 2022 The cost of dropping off someone for a flight has increased in most UK airports, according to data published today. Figures from the RAC showed that, out of 21 of the busiest UK hubs, 16 have amped their costs in the last three years. “Anyone dropping a loved one off at the terminal this summer [...]
Bank Holiday: Around 900 flights cut since July August 26, 2022 Around 900 flights for the upcoming Bank Holiday weekend have been cut from flight schedules since July. UK flights planned for 26 to 30 August were 14,030 with an estimated 2.4 million seats on 1 July but data recently released by aviation analytics firm Cirium shows that numbers went down by 6.4 per cent. Compared [...]
Bank Holiday weekend: Motorists urged to plan ahead as 12.5m trips expected August 26, 2022 Bank Holiday weekend traffic warnings have been issued with motorists urged to plan ahead as 12.5 million trips are set to take place. According to figures published today by the RAC, Friday will be the be the busiest day, with 4.3 million trips planned, followed by Saturday’s 2.3 million and then Sunday and Monday’s 1.3m [...]
Tesla accused of silencing safety campaigners demonstrating against driverless technology August 25, 2022 Tesla was accused of silencing safety campaigners after it sent a cease and desist letter to US organisation the Dawn Project. In the letter, the electric car titan required the Dawn Project to take down its TV commercials, which show a driverless Tesla running down child-sized mannequins as part of a safety test. According to [...]