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.
Shareholder turbulence: EasyJet reigns slip from billionaire founder Stelios September 28, 2021 The founder of EasyJet, Stelios Haji-Ioannou, has reportedly lost his power to veto decisions made the board on behalf of the airline after he let his stake dwindle. The billionaire, who launched the budget airline 26 years ago, chose not to buy new shares in a rights issue following a takeover bid by rival Wizz [...]
Irritated business owners on the fuel crisis: ‘Slow handclap for the simpletons’ September 28, 2021 Retailers warned this morning the panic buying of fuel shows no sign of ending, despite ministers urging people not to do so. Many gas stations across the UK continue to run dry, as long queues were again reported outside stations which were open. An estimated 70 to 90 per cent of petrol stations are still [...]
Shares collapse for London-listed firm behind Southeastern train operations September 28, 2021 One of the companies behind Southeastern train operations, which the government took control of this morning, has had its share collapse nearly 25 per cent. Southeastern is operated by Govia, a joint venture between transport operators Go-Ahead (65 per cent) and Keolis (35 per cent). Go-Ahead’s shares plunged 24.98 per cent to 769p per share [...]
Brexit has fuelled gasoline crisis, admits Grant Shapps September 28, 2021 Transport Secretary Grant Shapps has back tracked to admit that Brexit “no doubt will have been a factor,” in the ongoing fuel crisis. Despite pushing back last week on accusations that Brexit was to blame for the current shortage of Heavy Goods Vehicle (HGV) drivers, Shapps admitted this morning in comments to the BBC that [...]
Consultancy ads for driverless Tube trains prompt unions to issue strike threat September 28, 2021 A range of adverts for a consultancy contract to explore the introduction of driverless trains on London Underground has prompted a leading rail workers union to raise the threat of industrial action. The Rail, Maritime and Transport union said the move was part of Government-driven spending cuts on the Tube. General secretary Mick Lynch said [...]
Not listening: Fuel panic buying continues despite government appeals to stop September 28, 2021 Many gas stations across the UK continue to run dry, as retailers warned this morning the panic buying of fuel shows no sign of ending. Long queues were again reported outside stations which were open, after the Government announced it was putting the Army on standby in an effort to ensure supplies were maintained. The [...]
Government to take control of all Southeastern rail services September 28, 2021 The Government announced this morning it is taking over all services of train operator Southeastern after a “serious breach” of its franchise agreement. Transport Secretary Grant Shapps said an investigation by his department identified evidence that since October 2014 the company has not declared more than £25m of historic taxpayer funding which should have been [...]
Fuel crisis: Military drivers put on standby to deliver petrol as pressure on govt builds September 28, 2021 The government announced this morning that military drivers have been put on standby in preparation to deliver fuel in order to ease the chaos at petrol stations. Army drivers will get specialised training in preparation for their deployment while certain HGV licences will be extended to help tackle the issue, ministers announced on Monday. An [...]