Vauxhall warns chip shortage to continue for months September 1, 2021 Vauxhall has warned that the current shortage of semiconductor chips is unlikely to improve until the end of the year. It is the latest automaker to raise concerns about the supply crisis, which has impacted car production around the world throughout this year. Speaking to the BBC, Vauxhall Motors managing director Paul Willcox said that [...]
Channel Tunnel operator Getlink inks €185m fibre deal September 1, 2021 Channel Tunnel operator Getlink has today signed a deal with telecoms firm Colt to install a new fibre optic network through the cross-Channel link. The firm will make at least €185m (£159m) from the 25-year agreement, which represents the first new data and dark fibre provisions in the tunnel for a generation. As part of [...]
Drivers in the dark as new greener petrol introduced September 1, 2021 The UK has today introduced a new greener brand of petrol at forecourts across the station, but research suggests a quarter of drivers are unaware of the change. This morning E10, a blend of petrol with 10 per cent renewable methanol, became the standard grade of petrol. According to the Department for Transport (DfT), using [...]
North Sea oil investment drops to lowest level in 50 years September 1, 2021 Investment into the North Sea oil industry fell to its lowest level in almost 50 years as the coronavirus pandemic and subsequent collapse in oil prices spooked the sector. Oil and Gas UK’s (OGUK) annual economic report found that just £3.7bn was invested into the continental shelf in 2020, the lowest in real terms since [...]
National Grid’s £7.8bn power deal gets green light from competition watchdog September 1, 2021 The UK’s competition watchdog has today given the green light to National Grid’s whopping £7.8bn deal to buy Western Power Distribution (WPD). Based on the information currently available, the Competition and Markets Authority (CMA) said it had decided not to refer the merger to a phase 2 investigation. Back in March National Grid announced that [...]
Shell plans to install 50,000 charging points in the UK by 2025 September 1, 2021 Oil giant Shell has today unveiled plans to install 50,000 electric vehicle charge points on the UK’s streets by 2025 through its Ubitricity subsidiary. The FTSE 100 firm said that it would support local authorities in paying for the installation with special financing terms meaning that some will not have to pay. As the government [...]
Jet2 to buy 36 new Airbus A321s in $5bn deal August 31, 2021 Package holiday provider Jet2 today announced that it would buy 36 new A321 neos from Airbus, in a deal which values them at $4.9bn (£3.6bn) in a further note of positivity for the UK travel industry. The aircraft will be delivered over a five year period, starting in 2023. The AIM-listed firm can increase its [...]
Zero carbon ‘plans before bans’ for HGVs, auto industry urges government August 31, 2021 The UK auto industry has called on ministers to work alongside manufacturers to develop net zero technologies for the decarbonisation of heavy goods vehicles (HGVs). At the moment, just 0.2 per cent of the trucks and lorries on British roads use alternative fuel sources, data from the Society for Motor Manufacturers and Traders (SMMT) showed [...]
Ryanair to create 500 new London jobs in winter expansion August 31, 2021 Ryanair will create more than 500 new jobs across its London airports this winter as the budget airline looks to take advantage of the recovery from the Covid-19 pandemic. The carrier will launch a combined 14 new routes over the season from Stansted, Luton, and Gatwick to a number of European destinations. Chief executive Michael [...]
Norwegian hails stronger financial position as bookings increase August 31, 2021 Norwegian Air Shuttle this morning hailed a “clear improvement” in its financial position as bookings at the carrier continued to increase. The airline, which recently emerged from a brutal restructuring period, reported revenues of 591m Norwegian crowns (£49.6m) in the first half of the year. It added that 32 of its 51 planes – a mere third [...]
