Biffa extends takeover deadline as bosses set aside £20m to settle tax bill August 2, 2022 Waste management firm Biffa reported a jump in revenues to £1.44bn in its full year of trading today as it narrowed pre-tax losses following a difficult pandemic year.
Union calls for end to rail profit as worries of hiking annual fares mount August 1, 2022 The union TSSA has called for a new financial settlement for rail as worries of hiking annual fares mount. TSSA’s general secretary Manuel Cortes said commuters have been “clobbered by above inflation fare rises,” while private rail operators “laughed all the way to the bank.” “We need our railways to be fully in public hands [...]
Tesla shareholders to vote on second stock split in two years August 1, 2022 Tesla shareholders are expected to vote on Thursday whether to green-light the company’s latest stock split – the second in two years. “We believe the stock split would help reset the market price of our common stock so that our employees will have more flexibility in managing their equity, all of which, in our view, [...]
Travel and tourism vacancies threaten UK economic recovery August 1, 2022 The UK’s economic recovery is being threatened by significant vacancies in the travel and tourism sector. According to a report published today by the World Travel and Tourism Council (WTTC), 128,000 industry jobs go unfulfilled in Britain, with one in 14 jobs remaining vacant. Figures revealed that the UK’s hotel industry was the worst hit [...]
Exclusive: EV charging firm Pod Point expects supply chain issues to die down soon August 1, 2022 The supply chain issues that have plagued the automotive industry over the last year will die down within the next 12 to 18 months, said Erik Fairbairn, chief executive of electric vehicle charging provider Pod Point. “I really think that supply chain issues could last [between] 12 and 18 months but they are short-term in [...]
UK lags behind EU rivals in easing burden of fuel prices August 1, 2022 The UK lags behind many of its EU rivals when it comes to easing the burden of high fuel prices. Data released today by motoring group RAC has shown that – among the EU countries that have cut petrol taxes since March – only Luxembourg and Croatia have done less for drivers than Britain. The [...]
Toyota to leave UK if government bans hybrids July 31, 2022 Toyota has threatened to stop manufacturing in the UK if the government goes ahead with its plans to ban the sale of hybrid cars from 2030. The marquee told government officials the ban would constrain “manufacturing, retail and other business activities” as well as “future investment.” “If the government adopts an SZEC [significant zero emission [...]
Air traffic boss gets £1.2m bonus as industry battles with travel chaos July 31, 2022 Martin Rolfe, boss of government-backed air traffic control operator NATS, has received a £1.2m bonus as aviation continues to battle travel delays and disruption. The payment is part of a five-year bonus dated back to 2015, which was due to be paid in June 2020, the Sunday Telegraph reported first. But following the pandemic’s impact [...]
Network Rail chairman: Reconciliation is on the horizon between unions and rail bosses July 30, 2022 Reconciliation is on the horizon for British railways, Network Rail’s chairman has said, after disputes over pay between unions and bosses have trains at a halt. The RMT union last week rejected an eight per cent pay rise over the next two years, alongside 75 per cent off rail travel for family members, in what [...]
Aston Martin’s profits drop as supply chain disruption scuppers deliveries July 29, 2022 Luxury sports car seller Aston Martin today said its losses had more than doubled due to the impact of supply chain disruption in the first half of 2022. Aston Martin said its sales volumes dropped eight per cent from 2,901 in the first half of 2021 to 2,676 in the first half of 2022. The [...]