Airline passengers face new ticket fee to cover cost of carrier collapses May 9, 2019 Airlines have hit out at proposals to charge passengers an extra 50p to pay for the cost of repatriating travellers who have been stranded following a carrier collapse. The government's insolvency review, which was set up by the Department for Transport (DfT) following the collapse of Monarch in 2017, has suggested the UK set up a "flight protection [...]
First details of Dyson’s electric car plans revealed May 9, 2019 The patents for Dyson’s first electric vehicle have been made public, providing the first glimpse of the car that the UK-based company hope will compete with the likes of Tesla. Read more: Rolls-Royce boss Warren East steps back from Dyson board Dyson filed the patents 18 months ago after launching the £2bn project in 2017, [...]
National Express revs up sales growth as it hits the road for Silicon Valley May 9, 2019 National Express accelerated revenues in the first three months of its new financial year as it prepares to take a 60 per cent stake in Silicon Valley’s shuttle service in an $84.3m (£64.5m) deal. Read more: Facebookers prepare to take the bus as National Express buys shuttle stake The coach company saw group revenues rise [...]
Chris Grayling could be forced to take the stand as Stagecoach launches legal action over franchise snubs May 8, 2019 Beleaguered transport secretary Chris Grayling could be called to the stand to defend the government after Stagecoach formally launched legal action over its decision to disqualify it from three rail franchises. After weeks of tension, Stagecoach formally launched legal action against the Department for Transport (DfT) over its decision to disqualify the firm from the [...]
Britain goes a week without burning coal smashing previous record May 8, 2019 British power plants have gone a whole week without burning a lump of coal, it was confirmed this afternoon, nearly doubling the previous record set earlier this year. As of 1.30pm, the country’s electricity networks were coal-free for 168 hours – a whole week. Read more: Britain must cut emissions to zero by mid-century, government [...]
Look After My Bills helps consumers save money by automatically switching their energy provider May 8, 2019 When did you last switch your energy provider? For renters and homeowners alike, managing the cost of our electricity and gas supply is a major headache. Consumers are encouraged to switch regularly, not only in order to find cheaper deals and save money, but also to ensure that the energy market remains competitive and offers [...]
‘Orgy of greed’: Uber drivers go on strike one day before IPO May 8, 2019 Drivers of ride-hailing platform Uber have gone out on strike today in protest over unfair pay and workers rights. The strike, which is intended to run between 7am and 4pm, comes ahead of the company’s initial public offering. The IPO, scheduled for Friday, values the company at as much as $90bn (£69bn). Read more: Uber [...]
Gett eyes 2020 flotation and profitability as it raises $200m at a $1.5bn valuation May 8, 2019 Taxi-hailing firm Gett said it has raised $200m (£153m) in additional funding yesterday, with a flotation on the cards “as soon as the first quarter of 2020”. It added it is on track to become operationally profitable globally by the fourth quarter of this year, including its US operation. Read more: Uber drivers to stage [...]
Chris Grayling ducks questions from MPs over controversial East Midlands franchise award May 7, 2019 Embattled transport secretary Chris Grayling did not show up today for questions from MPs about his controversial decision to bar Stagecoach from three rail franchises, sending a junior minister instead. Grayling had been asked by Labour's shadow rail minister Rachael Maskell to answer concerns that he misled parliament over the decision, which disqualified Stagecoach from [...]
Uber drivers to stage nationwide protest tomorrow before headline IPO May 7, 2019 Uber drivers are gearing up for a national boycott of the app tomorrow ahead of the firm's highly anticipated public listing later this week. Uber drivers in London, Birmingham, Nottingham and Glasgow will not log into the app between 7am and 4pm tomorrow to protest at the IPO, which they claim will result in payouts to venture capitalists [...]