Avanti contract to be renewed despite no sign of train timetable issues abating soon September 5, 2022 The London-Manchester train operator Avanti West Coast is to receive fresh government support with a new long-term agreement to keep the line going. Three weeks ago the operator slashed services between the cities, reducing trains from three to one an hour, with no sign of when normality will return. Its managing director Phil Whittingham is [...]
Brewdog boss calls for emergency tax relief as pubs stare down ‘existential threat’ of high bills September 5, 2022 Brewdog CEO James Watt has called for emergency tax relief for the hospitality industry as pubs battle the “genuinely existential threat” of rising energy bills. Last week, the Scottish brewer and bar group announced it would be closing six outlets across the UK, including three in London, due to elevated headwinds. The situation facing pubs [...]
NASA calls off plans for second attempt at Artemis 1 rocket launch September 3, 2022 NASA has scrapped plans for a second go at launching the Artemis 1 rocket following a hydrogen tank leak. The US space agency faced obstacles in the way of technical and weather issues on its first attempt to send the rocket to space last week. Now, engineers at Florida’s Kennedy Space Center have advised that [...]
Gazprom says Siemens ready to repair Nord Stream 1 pipeline September 3, 2022 Russian energy firm Gazprom has suggested Siemens was ready to fix its gas pipeline to Germany, after its reopening was delayed this weekend. An oil leak in a turbine on the Nord Stream 1 pipeline means it will be closed until further notice, after being closed for several days due to maintenance work. On Saturday, [...]
More than 6,000 letters sent from bars and clubs to MPs urging winter support September 3, 2022 Bars and club businesses have sent MPs more than 6,000 letters, pleading for a package of support to help them pay staggering energy bills this winter. In more than 65 per cent of businesses, firms are barely breaking even or losing money, due to increasing operating costs, according to the Night Time Industries Association (NTIA). [...]
Bus fares to be capped at £2 this winter in England September 3, 2022 Bus journeys are to be capped at £2 for a temporary period next year as a government measure to tackle the cost of living crisis. A cap will be introduced in England from January to March next year, as households face soaring energy bills this winter. The Department for Transport (DfT) said its £60m scheme [...]
Pace of retail footfall recovery slows in August as retailers look to autumn with ‘air of caution’ September 2, 2022 The recovery of retail footfall slowed last month as the cost of living crisis caused shoppers to steer clear of spending splurges. Although footfall at retail destinations in the UK continued to slowly climb back towards pre-Covid levels, the pace of improvement slowed, according to the latest data from the British Retail Consortium (BRC) and [...]
Manufacturing output sinks at fastest rate since early months of Covid pandemic September 1, 2022 Manufacturing production and new orders in the UK slumped last month, sinking at the fastest rate since since the early months of the Covid pandemic two years ago. Firms are experiencing a downturn in the sector, as manufacturers have been hit with a reversal in new orders from domestic and overseas customers. Headwinds have been [...]
Issa brothers’ EG Group posts subdued profit due to cost of living pressures on consumers September 1, 2022 The Issa brothers’ EG Group has posted subdued profit for the second quarter, as the petrol station forecourt operator said “the cost-of-living squeeze remains front of mind for all of us.” EG Group saw group EBITDA slump 6.5 per cent to $355m (£308m), for the three months to 30 June, it shared on Thursday. The [...]
OnlyFans profit surpasses records with 2m creators on adult video platform September 1, 2022 OnlyFans has posted its largest yearly growth to date with the adult video platform saying its creators earned almost $4bn last year. The London-based tech firm’s pre-tax profits swelled to $433m, full year results for the period ended 30 November 2021 revealed on Thursday. Pre-tax profits have shot up since 2020, when OnlyFans posted $61m, [...]
