Israeli transport tech firm gears up for London growth with $100m funding injection May 16, 2022 An Israeli transport tech firm is poised for a growth push in London after unveiling a $100m funding injection today, taking its valuation to $1.3bn.
Grand opening: Sadiq Khan cuts the ribbon of Northern line’s Bank branch May 16, 2022 London mayor Sadiq Khan has reopened the Northern line’s Bank following a 17-week closure. The line was closed between Moorgate and Kennington on 15 January to allow for upgrades including a new system of tunnels and a more spacious southbound platform at Bank station. “Today marks the first in a series of transport milestones for [...]
Summer holidays plans? Expect higher ticket prices and endless airport queues, warns Ryanair’s boss May 16, 2022 Ryanair chief executive Michael O’Leary warned this morning that flight prices will be higher this summer due to the high demand for European holiday destinations. He told BBC Radio 4’s Today Programme earlier today: ”I think capacity, generally, across the summer will be down 10 per cent, 15 per cent.” “Prices will be up by, [...]
Ryanair narrows losses to £300m and expects to fly back into profitability this financial year May 16, 2022 Budget airline Ryanair said this morning it has narrowed annual losses of £302m and hopes to return to “reasonable profitability” in its current financial year. However, chief executive Michael O’Leary said it was “impractical, if not impossible” to give guidance for 2022-23 due to the risk to holiday bookings from Covid and the Ukraine war. The [...]
DfT pledges £1m to finance world’s first net-zero transatlantic flight May 14, 2022 The Department for Transport (DfT) has pledged £1m to finance the world’s first net-zero flight. Transport secretary Grant Shapps has called on the global aviation industry to work on the project, inviting international airlines to collaborate alongside the UK Government to deliver the demonstrator flight in 2023. “This trailblazing net zero emissions flight, a world [...]
Queen’s Platinum Jubilee: TfL marks monarch’s landmark by turning buses purple May 13, 2022 Transport for London (TfL) is turning buses purple in honour of the Queen’s Platinum Jubilee this June. The public body will wrap in several buses servicing routes usually associated with the monarchy, including Kensington Palace and Westminster Abbey. “London is looking forward to hosting the historic celebrations of the Platinum Jubilee in June, and it [...]
TfL announces reopening of Jubilee line Night Tube services May 13, 2022 Transport for London (TfL) has announced that Night Tube services on the Jubilee line will resume from next Saturday. Jubilee services will run on Friday and Saturday night, joining the Central and Victoria lines – which reopened in November after the public demanded the reopening to guarantee the safety of more vulnerable people. “From next [...]
TfL pauses works on London bridges’ anti-terror barriers due to financial pressure May 13, 2022 Transport for London (TfL) reportedly paused its plans to instal £35m worth of permanent anti-terror barriers on London bridges because of its financial situation. TfL board papers, which were released ahead of next’s week committee meeting, report that “several planned projects,” won’t go ahead because of “the reduced funding available,” the Evening Standard reported. Called [...]
Rishi Sunak is ‘pragmatic’ about imposing windfall tax on soaring energy profits as Brits’ bills skyrocket May 13, 2022 Chancellor Rishi Sunak said he was “pragmatic” about possibly imposing a windfall tax on the soaring profits of oil and gas giants as customers’ bills rise. Prime Minister Boris Johnson has shown firm opposition to the raid but has conceded “we’ll have to look at it” after BP chief executive Bernard Looney said his investment [...]
Advantage boss exclusive: ‘We need to showcase travel industry’s attractiveness to get talent back’ May 13, 2022 The UK travel industry needs to revamp its image as an exciting yet stable industry to work in if it wants to put an end to its recruitment difficulties. According to Julia Lo Bue-Said, chief executive at travel agent consortium Advantage, post-pandemic, the UK workforce sees travel and tourism as a very uncertain industry. “The [...]