Weekend tube numbers continue to grow, reaching 85 per cent of pre-pandemic levels March 16, 2022 Weekend tube ridership continues to grow, reaching more than 80 per cent of pre-pandemic levels, figures from Transport for London (TfL) showed today. According to the data, numbers on 12 March were at 85 per cent of 2019 levels, with more touristic stations such as Tower Hill, Westminster and Waterloo seeing similar levels of demand [...]
BMW cuts 2022 profit margins as Ukraine war worsens supply chain issues March 16, 2022 BMW announced today it was cutting its 2022 profit margin forecast after the war in Ukraine caused new supply chain disruptions. The automotive maker said its EBIT margin will go down from between 8 and 10 per cent to between 7 and 9 per cent, warning supply chain issues could severely hinder production. Despite engaging [...]
Ever Given’s sister vessel runs aground in US a year after Suez Canal incident March 16, 2022 Container ship Ever Forward has run aground in the US, almost a year after its sister vessel Ever Given blocked the Suez Canal for a week. The US Coast Guard said today it was initially notified about the incident on Sunday and it has reported the container ship is stuck outside the Chesapeake Bay, Maryland. [...]
Guess who’s back: Flybe to go on sale next week March 16, 2022 Almost two years after its collapse, UK regional airline Flybe is set to go on sale from next week. The carrier announced today a full list of routes and destinations from its Birmingham and Belfast City airport hubs. “Once we start flying from Birmingham, Belfast and many other cities in the UK and EU, we [...]
Eurostar prepares for busiest weekend as thousands flock to Paris for Six Nations’ final March 16, 2022 Eurostar is preparing for its busiest weekend this year, as thousands travel to Paris for the Six Nations’ final between France and England. Eurostar said it is expecting 20,000 people to take the train between London and Paris this weekend – a 12 per cent surge compared to normal times. The railway operator added an [...]
Ryanair in hot water over cost of Ukraine repatriation flights March 16, 2022 Ryanair found itself in hot water today after Larysa Gerasko, the Ukrainian ambassador to Ireland, lambasted the low-cost company for increasing flight prices out of Poland. A major refugee route, Poland in recent weeks has become a safe haven for Ukrainians fleeing the horrors of the war. “Ryanair raised the prices and it’s unfortunate, and [...]
Logistics company GXO deploys fleet of autonomous robots in the UK March 16, 2022 GXO, one of the largest logistics companies in the world, announced today it has deployed a fleet of autonomous mobile robots (AMRs) for its UK operations. “Over the past 18 months, we have accelerated our deployment of modular technologies,” said GXO’s vice president Phil Shaw. “Because this AMRs are small and mobile, they have significant [...]
Coming for oil: Watch as Boris Johnson arrives in the Middle East March 16, 2022 Boris Johnson has been greeted at Abu Dhabi airport by British Ambassador to the UAE Patrick Moody and UAE presidential advisor Anwar Gargash. The Prime Minister was guided through a guard of honour, the lines of men wearing coronavirus face masks and blades sheathed in scabbards on their torsos. More to follow.
Ukraine-induced surge in raw material costs forces Tesla to increase prices for second time in less than a week March 15, 2022 A war-induced surge in raw material costs has continued to hit the global automotive sector, causing giants such as Tesla to increase prices. The Austin-based car maker was forced today to increase its Chinese and US prices for the second time in a few days, following a surge in the cost of aluminium, palladium and [...]
Bentley doubles profits prompting EV model yearly roll out March 15, 2022 Bentley announced today it had doubled its 2021 profits, prompting the company to pledge the production of one electric car model per year. In the 12 months ended 31 December, the luxury car maker’s operating profit soared to €389m, €369m more compared with 2020. Following a 31 per cent increase in annual sales, the company’s [...]