HS2’s eastern to be scrapped while northern railways get £100bn November 14, 2021 Transport secretary Grant Shapps is expected to face criticism over the rumoured decision to scrap HS2’s eastern leg that would connect Birmingham to Leeds. Announcing the outcome of the Rail Integrated Plan on Thursday, Shapps is likely to confirm the decision, while setting forth an almost £100bn investment in the English railway network, the Sunday [...]
Heathrow lambasted by Virgin Atlantic and BA’s owner over fees November 14, 2021 British Airways’ (BA) former boss Willie Walsh alongside Luis Gallego – the chief executive of BA’s owner IAG – and Virgin Atlantic’s chief Shai Wess has lambasted Heathrow airport for its decision to increase fees. Walsh, Weiss and Gallego, writing on the Sunday Telegraph, have criticised the London hub saying it is ‘”back at its [...]
Exclusive: En+ chairman and former minister Lord Barker warns ‘don’t expect a big bang’ from COP26 November 14, 2021 Many eyes were on Lord Gregory Barker of Battle earlier this week, as ‘his’ global energy giant En+ was at the heart of COP26’s complex ecosystem of executives, government reps, lobbyists, NGOs and activists in Glasgow. Lord Barker was appointed independent chairman of the En+ Group board of directors in October 2017, just before the company’s [...]
Grant Shapps alleged to be lobbying against government housing plans November 14, 2021 Transport secretary Grant Shapps has allegedly spent public money on lobbying to oppose the government’s plans to build on private runways, the Sunday Times reported. An aviation aficionado, Grant’s reported fight against development plans has led housing agency Home England to withdraw plans for thousands of homes to be built, including a project to build [...]
Exclusive: Isle of Man home to more private jets than France, Italy or Spain November 13, 2021 There are around 2,444 private jets registered in Western Europe, compared to 2,414 in 2020 and 2,344 in 2019, according to new research from private jet broker Colibri Aircraft, shared exclusively with City A.M. this weekend. Germany has the largest fleet of registered private jets with 485, and this is followed by the UK, including [...]
The Spotify of micromobility: How a different business model can carve a niche in London’s e-bike market November 13, 2021 As COP26 has drawn to a close, many were disappointed by world leaders lacking to focus on one of the biggest weapons we have to achieve net zero targets: bikes. On Wednesday – COP26’s Transport Day – dozens of people in Glasgow rang their bicycle bells in protest against active travel solutions being a mere [...]
Rolls-Royce reaches agreement with union over Barnoldswick’s future November 12, 2021 Rolls-Royce has reached an agreement with UK union Unite to operate the Barnoldswick factory in Lancashire for another 10 years, freezing compulsory redundancies for five years. The agreement builds on protections that were previously secured in 2020. “This is a tremendous achievement for the workers at Barnoldswick who have stood solidly in support of one [...]
Stop him now: Tesla shares go down as CEO offloads another $700m November 12, 2021 Tesla’s shares have gone down from $1,069 in premarket trading to a $1,047.50 opening price, after chief executive Elon Musk offloaded a further $700m worth of stocks. Early in the week, Musk had sold $5bn of his shares as a result of a poll held last week where the extravagant billionaire asked his 63.4 million [...]
BREAKING: Competition watchdog probes capacity sharing deal between P&O Ferries and DFDS November 12, 2021 A capacity sharing agreement between P&O Ferries and DFDS is being probed by the UK competition regulator. In May, the two ferry operators entered a mutual space charter agreement on the Dover-Calais route in an effort to shorten freight customers’ waiting times. The agreement was also intended to help improve the flow of traffic on [...]
Amazon enters London bus market as it starts running four lines November 12, 2021 Amazon has entered the London bus market, providing services for employees and contractors. The e-commerce giant has four routes – which are run by contracted operators – to connect London to the outskirts where most of its warehouses are located, according to a MyLondon report. Unlike TfL buses that are red, have the logo and [...]