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      Ministers poised to nationalise second steel firm

      Britains steel industry facing challenges with potential shutdowns and job losses, highlighting economic impact.

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Transport & Infrastructure

  • Moscow plots retaliation following EU blacklisting of 21 Russian airlines

    April 12, 2022

    Moscow’s aviation regulator said it was planning countermeasures after the EU Commission banned 21 Russian airlines from operating. The Rosaviatsia said Brussels’ decision attested to a “policy of discrimination and violation  of international aviation law,” which is expected to bring about “response measures” from Moscow’s side. The EU Commission announced yesterday it had added a [...]

  • EasyJet says vetting delays contribute to staff shortages

    April 12, 2022

    EasyJet’s chief executive Johan Lundgren said delays in the vetting of new staff, instead of recruitment issues, were one of the contributing reasons behind the airline’s staff shortage. Lundgren told journalists this morning the airline had already recruited most of the new staff needed and was currently waiting for candidates to be approved by the [...]

  • EU court expands scope of flight refund policy to non-EU airlines

    April 12, 2022

    The EU’s highest court has expanded the scope of its flight refund policy, by allowing passengers to claim refunds from non-EU airlines.   The European Court of Justice ruled in favour of plaintiffs suing Chicago headquartered firm United Airlines in allowing them to claim a refund for a 223-minute delay between Brussels and San Jose, [...]

  • Terrible Tuesday for Rolls-Royce as shares plunge after JP Morgan downgrades firm and slashes target price

    April 12, 2022

    Shares in engineering giant Rolls-Royce tanked this morning after bankers at JP Morgan downgraded the stock to ‘underweight’ and slashed its target price. 

  • Brits face 12-month travel disruption following staff shortages

    April 12, 2022

    Brits need to brace up to 12 month of travel disruption as a result of ongoing staff shortages, industry experts said. According to Kully Sandhu, Aviation Recruitment Network’s managing director, recovering from the current climate of airlines’ cancellations and airports’ disruption will take “at least the next 12 months.” Covid and the impact of Brexit [...]

  • EasyJet flies into £535m loss despite improved trading and ‘self-help’ measures

    April 12, 2022

    EasyJet has announced it expects to make a loss before tax in the range of £535 million to £565 million for the six months to the end of March. The low-cost airline said this is a reduction in its losses compared with the same period 12 months earlier which is “ahead of market expectations”. It [...]

  • P&O Ferries restarts Scotland-Northern Ireland services as Dover remains shut

    April 11, 2022

    Disgraced ferry operator P&O Ferries announced today it has restarted services between Scotland and Northern Ireland, following a chaotic weekend for passengers. “Some of our services have now resumed sailing. Please see the current schedule for departures from Larne and Cairnyan,” the company said in a tweet. P&O also announced services remained cancelled today in [...]

  • Network Rail invests £2m to clean ‘eyesore’ graffiti on railways

    April 11, 2022

    Network Rail announced today it was investing £2m to clean “eyesore” graffiti on south-east London railway infrastructure. The company’s cleaning teams removed and painted over the graffiti, applying an anti-graffiti paint to deter people from vandalising the same areas – including Hungerford Bridge – in the future. “Everyone should feel safe when travelling on our [...]

  • Empty planes with no one checking in: Staggering 15,000 ‘ghost flights’ took off from UK during pandemic

    April 11, 2022

    The Civil Aviation Authority has recently revealed that almost 15,000 “ghost flights” departed from 32 UK airports between March 2020 and September 2021.  With around 4,910 planes Heathrow made the top of the list, followed by Aberdeen, Manchester and Stansted, at an overall  average of 720 per month. According to City A.M. estimates, that would [...]

  • Chip shortages to remain into 2023, says BMW boss

    April 11, 2022

    The shortage of semiconductors that plagued the automotive industry over the last two years is expected to remain well into 2023, said BMW boss Oliver Zipse today. “We are still in the height of the chip shortage,” he told German newspaper Neue Zuercher Zeitung. “I expect us to start seeing improvements at the latest next [...]

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