Menzies cancels share listing as Agility takeover goes ahead August 5, 2022 Edinburgh headquartered aviation firm John Menzies has cancelled plans to list more of its shares on the London Stock Exchange. The cancellation comes after the aviation struck a deal with Bidco, a subsidiary of Kuwaiti logistics company Agility, through which it agreed to buy the newly issued shares. The agreement comes after Menzies’ board in [...]
Biffa extends takeover deadline as bosses set aside £20m to settle tax bill August 2, 2022 Waste management firm Biffa reported a jump in revenues to £1.44bn in its full year of trading today as it narrowed pre-tax losses following a difficult pandemic year.
Rail operators and freight firms create coalition to transform UK railways July 20, 2022 A consortium of rail and freight operating firms have clubbed together with a prospectus to transform Britain’s railways. The launch of Rail Partners was welcomed by rail minister Wendy Morton, as the industry sets out five key priorities for reform – including the sector’s decarbonisation and the role of Great British Railways moving forward. Made [...]
Heatwave: So, just how hot is it on the Central Line today? July 19, 2022 It’s hot. Really very hot. But how hot it is it on the Central Line? The east-west line is renowned as the capital’s warmest tube line, with a combination of stuffy carriages and lost teenage tourists contributing an overwhelming sense of dread whenever one is forced to use it in the summer. With a heatwave [...]
Black cab drivers file legal challenge against ride-hailing app over claims business model is illegal July 7, 2022 A black cab drivers trade body has filed a legal challenge against ride-hailing app Free Now, over claims the taxi firm’s business model is illegal. The hackney carriage driver’s trade body, United Trade Action Group (UTAG), is seeking to argue that ride-hailing apps that lets customers hail private hire taxis are acting illegally. The body [...]
First national rail strike since 1995 looms as union ballots members at 10 different train firms July 5, 2022 The country will be brought to an unprecedented standstill if train drivers vote for their first national strike since 1995. Aslef union members are to be balloted over industrial action at 10 different train firms across the country. It was also reported there was similar action proposed by the TSSA union, which represents station and [...]
Staffing agencies slam govt’s plans to use agency staff as strikebreakers June 30, 2022 Staffing agencies have hit out at the government’s plans to lift a ban on using agency staff as strike breakers. In a letter to the government seen by City A.M., a group of the world’s biggest staffing agencies slammed the plans, put forward by business secretary Kwasi Kwarteng, to overturn laws banning agency staff from [...]
Stagecoach returns to growth as bus journeys bounce back to 81 per cent of pre-Covid levels June 29, 2022 Britain’s biggest bus company Stagecoach today said it now in a “good financial position” after “recovering customer demand” saw passenger journeys bounce back to 81 per cent of pre-pandemic levels. The public transport operator said it had “firmly returned to growth” after its profits more than doubled year on year, from £17m in the financial [...]
Brits suffer weekend travel chaos as RMT goes ahead with third strike June 25, 2022 Strike action has entered its third day on the UK's rail network this week, causing severe disruption to passengers across the country.
Train strikes: Disruption set to cost hospitality £540m and have ‘catastrophic’ impact on night economy June 20, 2022 This week’s rail and tube strikes are set to cost the hospitality sector £540m, as the nighttime economy will suffer a “catastrophic impact”. Trade union action on the transport network this week will “set back the recovery of our high streets and deter people from going out in the evening”, leading to hundreds of million [...]