Lastminute.com: CEO and COO arrested over covid fund misuse claims July 25, 2022 Lastminute.com has appointed an interim CEO following the dramatic arrest of its two directors in Switzerland. The online travel company was rocked on Monday when Fabio Cannavale (CEO) and Andrea Bertoli (COO) were held by Swiss authorities, under investigation for allegedly misusing Covid support funds. In a statement issued on Monday, the company said it [...]
Eurostar cancels London-Paris services as getaway chaos continues July 25, 2022 Travellers between Paris and London have been left stranded as Eurostar today was forced to scrap two morning services, causing delays. Trains were cancelled after parts of the French high-speed line were closed yesterday due to a broken down train People took it to Twitter to complain about the situation. One user described the queues [...]
Ryanair exec blames airports for travel chaos, arguing ‘they had one job to do’ July 25, 2022 Ryanair’s chief financial officer Neil Sorahan has blamed airports for the travel chaos, arguing they only had “one job to do.” “The airports themselves, they had one job to do and that was to make sure they have sufficient handlers and security staff,” Sorahan told the BBC’s Today programme this morning. “We managed to staff [...]
Exclusive: Octopus Energy urges rival Centrica to work with them to protect consumers July 25, 2022 Octopus Energy wants to work together with rival Centrica and market regulator Ofgem to protect households ahead of the cold winter months.
UK supercar ownership hits record high due to crypto boom: ‘You only live once’ culture drives Lamborghinis sales July 25, 2022 Supercar ownership in the UK has jumped by nearly a fifth, from 15,229 vehicles in 2020 to a record 18,186 in 2021, according to new research shared with City A.M. this morning. Many wealthy individuals have adopted a ‘you only live once’ mindset and have been more keen to spend on luxury items like supercars, [...]
Travel update: Dover authorities clear port backlog following weekend from hell July 25, 2022 Dover authorities have cleared the port’s weekend backlog, announcing that traffic was running normally as of 9.30am this morning and that there was “minimal dwell time.” “There is no Port of Dover traffic being held in Brock on the M20, the Dover TAP system on the A20 is not currently required and all traffic is [...]
Gatwick exploits Heathrow’s woes by luring major airlines to shift global flights to its Sussex hub July 25, 2022 It seems Gatwick Airport is increasingly taking advantage of the ongoing travel chaos at Britain’s largest airport, Heathrow, to lure major airlines to shift intercontinental and other major flights to its hub. The most prominent airline to do so, so far, has become Emirates, as the Emirati aviation giant confirmed on Friday it will increase [...]
Wealthy Londoners wake up to find their SUVs deflated in affluent Crouch End following overnight raid in Highgate July 25, 2022 Close to 100 SUVs were deflated across the affluent North London area of Crouch End last night. Activists called the Tyre Extinguishers informed City A.M. this morning that they “disarmed” nearly 100 SUVs in Crouch End in order to protest against the government’s climate policies. They primarily targeted cars in and around Southwood Lane, Shepherds [...]
Ryanair flies into first profit in years despite merciless Ukraine beating in already ‘fragile’ market July 25, 2022 Ryanair has swung to a first-quarter profit despite airport disruption and a hit from the Ukraine war, but warned that the full-year outlook is unpredictable in a “fragile” market. The Irish airline reported profits after tax of £145m for the three months to June 30 against net losses of £233m a year ago as passenger [...]
SNP under fire for £5 deal with steel tycoon Sanjeev Gupta July 25, 2022 Scottish ministers are facing transparency calls after it was revealed a metal tycoon under investigation for fraud paid just £5 towards the acquisition of a Highlands smelting plant – with taxpayers financing the rest of the £330 million deal. Entrepreneur Sanjeev Gupta, chief executive of Liberty Steel, acquired the aluminium plant and two adjacent hydro [...]