New tube map featuring the Elizabeth Line unveiled by Transport for London May 19, 2022 A new tube map featuring the Elizabeth Line has been unveiled by Transport for London. Ahead of its official launch on Tuesday 24 May, Crossrail appears as a double purple line, differentiating it from other underground routes. In the biggest change to the iconic tube map for years, the new line appears alongside the London [...]
City exclusive: Cordiant Capital’s co-CEO on how to make money in the crowded world of digital infrastructure May 19, 2022 Amid an increased focus on digital infrastructure, data transfers and online storage in practically every market around the world, investment giant Cordiant Capital listed its Cordian Digital Infrastructure arm in London last year. Time for City A.M. to catch up with Benn Mikula, co-CEO and managing partner at Cordiant Capital, to see how things are [...]
Easyjet makes comeback from pandemic lows as airline expects to sell 97 per cent of all seats next quarter May 19, 2022 Budget airline easyJet said this morning that it hopes to carry nearly as many passengers in the last few months of this year as it did in 2019, marking a comeback from the lows of the pandemic. The business said that it is planning to sell 97% of the seats during the final quarter than [...]
Elon Musk slams rating agency after Tesla removed from ESG index May 18, 2022 Elon Musk has accused a rating agency of being “phony social justice warriors” after it removed Tesla from its ethical investing index. The S&P rating agency booted the EV giant from its ESG index on Tuesday, citing racism accusations at one of the factories and Tesla’s software malfunctions as the main reasons. The serial entrepreneur [...]
Cheaper airport journeys in sight as Elizabeth line tickets will cost half of Heathrow Express May 18, 2022 Travelling to Heathrow aboard the Elizabeth line will cost half compared with the Heathrow Express. Tickets to the airport will be £10.70 off peak and £12.70 at peak times, respectively 57 and 49 per cent less compared with the high speed rail’s £25 ticket, the Evening Standard reported. In terms of duration, Crossrail services departing [...]
Heathrow passengers brace for summer travel chaos as BA staff are expected to vote on strike action May 18, 2022 Passengers travelling through Heathrow might need to brace for a chaotic summer at the airport as British Airways’ (BA) check in and ground staff are set to vote on strike action. Members of unions GMB and Unite are expected to vote in the next few weeks on whether to go on strike later this summer, [...]
Ryanair loses legal battle against Condor bailout funding May 18, 2022 Ryanair has lost its legal battle to have bailout funding provided by the EU to German charter airline Condor ruled unlawful. The EU’s General Court said today the aid package was legitimate and that Ryanair failed to demonstrate the European Commission had mishandled funds when bailing the charter airline out. “The applicant did not succeed [...]
Fuel hikes leave UK drivers with £700 less in their pockets May 18, 2022 Fuel prices spiking to record levels will leave UK drivers with £700 less per year, according to used car buying service ChooseMyCar.com. Figures revealed that the cost of filling up has increased by £25 per tank, resulting in a yearly range of between £525 and £700 for a car with an average mileage of 13,000 [...]
Bank Holiday chaos as Tube workers prepare to strike during Queen’s Platinum Jubilee celebration May 18, 2022 Londoners might need to brace for a chaotic Bank Holiday as the union RMT announced a strike for the Queen’s Jubilee. Tube workers voted in favour of a 24-hour industrial action on 3 June at Euston and Green Park stations, which are set to be packed with people attending the Platinum Jubilee celebrations. The RMT [...]
UK travel and tourism sector to create 700,000 jobs within next decade May 18, 2022 The UK travel and tourism sector is expected to create 700,000 jobs within the next decade, according to a report published today. Forecasts from the World Travel and Tourism Council (WTTC) predict that 70,000 new industry jobs will be created in the country per year, up from the 16,000 created last year. WTTC figures predict [...]