Exclusive: Share price drops and less access to capital loom if supply chain issues persist, City insiders warn September 8, 2021 Investment managers in the City and across the UK warn that companies without sustainable supply chains will attract less investment and see share prices fall, according to a new report shared exclusively with City A.M. this morning. Nearly 85 per cent of investment managers believe that businesses who do not fix supply chain sustainability initiatives [...]
BA in ‘advanced’ talks over new Gatwick carrier September 7, 2021 The chief executive of British Airways has said that the airline is in “advanced” talks with its unions over the launch of a new low-cost carrier at Gatwick Airport. Speaking at an event at Heathrow, Sean Doyle said that BA wanted to set up a unit with a “competitive cost platform”. However, he warned that [...]
New London-Edinburgh rail service to offer £15 tickets September 7, 2021 A new train service will offer one-way tickets from London to Edinburgh for less than £15, it was announced today. First Group-owned Lumo will begin running services on the east coast mainline from 25 October. The 100 per cent electric service is a bid to encourage people to take the train rather than fly between [...]
‘September surge’ continues apace as Tube and bus passengers rise again September 7, 2021 Commuters continued to rush back to public transport this morning, new figures from Transport for London (TfL) show, with both Tube and bus passenger numbers up sharply again this morning. Between 7am and 8am, there were 298,600 “taps” on the Tube, up 33 per cent on last week and 8.0 per cent on yesterday, while on [...]
TfL seeks new partner for cable car with Emirates deal set to end September 7, 2021 Transport for London (TfL) is seeking a new commercial partner for the cross-Thames ‘Air Line’ cable car with Emirates’ decade-long sponsorship set to end next year. Since it opened in 2012 ahead of the London Olympics, there have been over 13m journeys on the capital’s only cable car. The 1km line, which links Greenwich to [...]
Watch: Daimler presents all-electric Mercedes EQE at Munich car show September 7, 2021 Daimler has presented their new Mercedes EQE, the first fully electric vehicle for the premium carmaker’s high-performance AMG brand and a concept car for its luxury Maybach brand ahead of the Munich IAA car show opening. Watch the full report.
Global chip shortage casts shadow over Munich car show September 7, 2021 Car manufacturers are busy unveiling new electric vehicles at the Munich car show, but the global shortage of chips is casting a shadow over the event. Watch the full report.
Cairn Energy plans £500m shareholder bonanza following Indian tax windfall September 7, 2021 London-listed oil and gas firm Cairn Energy said this morning that a long-running tax dispute with India is nearing its conclusion, paving the way for a £506m handout to shareholders. Bosses said today they expect the country’s government to hand over close to £770m after officials seized a stake in its Indian operations as part [...]
BA pilots at Gatwick to be paid less than Easyjet’s September 6, 2021 British Airways pilots working for the carrier’s newly-announced subsidiary at Gatwick will reportedly be paid less than pilots at low-cost rival Easyjet. The Telegraph reported that junior captains will be paid between £97,000 and £114,000, while Easyjet captains earn from £108,000 to £148,000. The new pay structure is part of plans by the carrier to [...]
September surge: Tube records busiest morning since March 2020 September 6, 2021 This morning saw the busiest start to a day on the London Underground since the beginning of the pandemic in March 2020, Transport for London (TfL) said this morning. By 10am, Tube usage was up 17 per cent week-on-week, the network said, while bus passenger numbers jumped 39 per cent. There were 831,000 “taps” into [...]