As UK wages soar, drivers say an expensive and chaotic Christmas is increasingly likely September 30, 2021 Truck drivers have warned that prices for everything from food to Christmas gifts will rise because an acute shortage of drivers is pushing up wages. Watch the full report.
Virgin Galactic allowed to resume flights, sending shares into orbit September 30, 2021 Virgin Galactic’s shares have soared 13.9 per cent today after British billionaire Richard Branson’s company was given the go ahead to return to space flights following a temporary ban. The company’s flights were halted by US regulators the Federal Aviation Administration (FAA) after a capsule flight in July deviated from its approved path. After an [...]
Analysis: What the fuel crisis is all about and what may happen next September 30, 2021 Despite the government urging people to stop “panic-buying” petrol and return to their normal pattern of purchasing, pumps have run dry in some forecourts. Here City A.M. helps you to understand what is happening and who is involved. So who are the biggest players? The UK’s biggest operator is the Motor Fuel Group. Other companies [...]
Offenders can deliver petrol while fuel crisis rages on, says Dominic Raab September 30, 2021 Low-level offenders who have been given community sentences could be used to address the country’s lack of HGV drivers amid continuing concerns about fuel shortages, Deputy Prime Minister Dominic Raab has suggested. Panic buying sparked by concerns a lack of lorry drivers would prevent supplies reaching fuel pumps has brought long queues and pockets of [...]
Furlough ends today: 1m Brits in limbo as thousands of firms face bankruptcy September 30, 2021 Uncertainty looms for the future of almost one million furloughed Brits as the government’s £70bn support programme ends today, after helping out millions of workers across the UK over the last 18 months. Economists have warned that although many may find work in recovering sectors such as hospitality and travel, there is also likely to [...]
Forecourt gives 10,000 workers a 5 per cent pay rise as fuel crisis rages on September 30, 2021 Forecourt giant EG Group said this morning it has agreed a pay rise for more than 10,000 workers as the sector faces challenging conditions. The company, which runs around 400 sites across the UK, said it will increase hourly rates by an average of more than 5 per cent for employees aged over 18. It [...]
Watch as Rolls-Royce plans to launch its first electric vehicle called ‘Spectre’ September 30, 2021 Luxury car maker Rolls-Royce says it will go all-electric by 2030, with its first EV, the “Spectre”, on the market in 2023. Watch the full report.
Exclusive: ‘Petrol anxiety’ fuels interest in electric cars, says Auto Trader exec September 29, 2021 Since panic buying of fuel started at the end of last week, there has been a significant increase in interest in electric vehicles. Searches for used EVs increased by over 60 per cent versus the previous weekend, according to Auto Trader, by far the UK’s largest automotive marketplace. “The events of the past few days [...]
Number of people working at Hinkley Point C power station swells to 22,000 September 29, 2021 The number of people working on the Hinkley Point C power station has grown to 22,000, new figures show this morning. There are now 6,300 workers on site, compared with 1,500 at the height of the pandemic last year. Final contracts for Hinkley Point C were signed five years ago. Since then, 3,600 British companies [...]
Exclusive: Freight Right CEO on worsening vessel congestion in America’s busiest container port September 29, 2021 To highlight the global state of the current supply chain, City A.M. caught up with Freight Right CEO Robert Khachatryan. Khachatryan offered to provide a visual representation of the current problem, and explained the issues that his firm, and many other freight companies, are currently facing. Watch the full report.