Green Investment Bank privatisation hits a legal snag as the rival bidder to Macquarie seeks a judicial review March 1, 2017 THE GOVERNMENT’S decision to award preferred bidder status to Australia’s Macquarie in the long-running privatisation of the Green Investment Bank (GIB) is being challenged in the high court. Sustainable Development Capital (SDCL), a UK-based international consortium, has launched proceedings in the High Court for judicial review of the decision. SDCL believes that the preferred bidder’s [...]
UK car manufacturers eye international opportunities though Brexit jitters remain March 1, 2017 The UK car industry is "cautiously optimistic" about the future, though Britain's exit from the European Union is still seen as the biggest threat to the sector. Lloyds Bank's third annual survey of the sector found that average investment over the next couple of years is due to stay steady at 19 per cent of turnover, [...]
Nissan asks government for £100m supply chain fund after Brexit February 28, 2017 A top Nissan executive has said the government must step in with millions of pounds of investments in the car parts industry in the UK if it is to continue to manufacture cars at its Sunderland plant. Colin Lawther, a senior vice president in charge of manufacturing at Nissan, said the manufacturer will “review constantly” [...]
Strike action spreads as Southern rail, Northern and Merseyrail staff will stage walkouts February 28, 2017 A flurry of fresh strike action is set to disrupt Britain's rail services after the RMT announced Southern rail, Northern and Merseyrail will face walkouts. A one-day walkout has been announced across all three train operators for Monday 13 March as the dispute over the role of the guard spreads. The RMT said it had been [...]
Uber: TfL’s new English test rules could cut the number of private hire drivers in London by 33,000 February 28, 2017 The number of private hire drivers in London could be cut by 33,000 if new rules requiring all them to complete a written English test are introduced, Uber has claimed Figures suggest as many as 28 per cent of minicab drivers could lose their licence by 2020 – while another 37,000 new applicants to be [...]
Heathrow’s environmental charm offensive: Airport plans to cut late-running departures to reduce noise for locals February 28, 2017 Heathrow has unveiled a new "sustainability strategy", setting out ambitious goals to reduce the airport's environmental impact including making growth from the third runway carbon neutral. It also plans to halve the number of late-running departures to reduce noise for local communities in a voluntary Quiet Night Charter. As part of this strategy, the airport has [...]
Tui UK says it’s “so very sorry for the pain and loss” caused by the 2015 Tunisia terror attack as families plan legal action February 28, 2017 Nick Longman, Tui UK's managing director, has said the company is "very sorry for the pain and loss" of those affected by the 2015 Tunisia terrorist attack. A coroner has concluded the police response to a terror attack at the Tunisian beach resort where 30 Britons died was "at best shambolic and at worse cowardly", [...]
This firm thinks we’re all going to car share in the future and this is what it’ll look like February 28, 2017 From Uber to Bluecity, many firms are getting in on car-sharing or carpooling these days. But design firm Ideo thinks in the not so distant future, we could all be sharing cars. It has designed a new concept for the future of the car in the next 10 years, as ride-sharing and the on-demand economy expand [...]
Go-Ahead’s rail division profit slumps 35 per cent as it counts the cost of Southern rail strike troubles February 28, 2017 Go-Ahead shares have slumped 14 per cent after it warned over full-year profits. Interim earnings at its rail division plummeted 35 per cent on the back of months of Southern rail disruption. The transport giant, which owns 65 per cent of the Southern franchise through Govia Thameslink Railway (GTR), said full-year results were lowered due to "the [...]
Carmakers must embrace Big Tech to survive the coming revolution February 28, 2017 Merger plans for Europe’s car manufacturers have dominated headlines in recent weeks, not least because of the threat they pose to UK and wider European car jobs. Combine this with Brexit jitters and concerns about overcapacity, and you might view our industry with a “glass half empty” attitude. And this is even before you contemplate [...]