TfL makes less money from ultra-low emission zone than expected April 8, 2022 Transport for London (TfL) has reportedly made little money from the ultra-low emissions zone (ULEZ) since its October expansion. According to a performance report, TfL made only £16m from ULEZ’s expansion to cover the North and South Circular Roads, as polluting vehicles are charged a daily £12.50. To cut pollution and congestion, London mayor Sadiq [...]
More weekend chaos expected as shortages, cancellations and IT issues rampage through April 8, 2022 UK travellers are bracing for more weekend chaos as the industry continues to be hit by a fatal combination of staff shortages, cancellations and IT issues. Brits remain stuck in hour-long queues at major hubs such as Gatwick and Manchester as British Airways and EasyJet slashed another 100 planes as a result of widespread Covid [...]
P&O’s owner DP World loses partner status at Solent freeport April 8, 2022 P&O Ferries’ owner DP World has lost its partner status in the Solent freeport project, ministers said. “On 28 March 2022 DP World resigned from the Solent freeport board and are no longer a partner in the freeport consortium,” levelling up minister Stephen Greenhalgh told the Guardian. DP World’s commercial director Aart Hille Ris Lambers [...]
Workers to stage walkouts over ‘dismal’ pay offers April 8, 2022 Thousands of UK workers are set to stage walkouts over the next few days over below-inflation pay offers. The Communication Workers Union (CWU) yesterday rejected BT’s 5 per cent pay rise – the highest in more than 20 years – calling it a “nothing short of an insult,” the Times first reported. “We have no [...]
CMC reports income at top of guidance after stellar performance in fourth quarter April 8, 2022 Online trading platform CMC expects its net operating income to be at the top of guidance following a stellar performance in the fourth quarter of FY22. In the three months ended 31 March, the group’s net operating income will be around £280m, while gross leveraged client income has decreased slightly to £288m, down 14 per [...]
Coastguard reinspects detained P&O ferry as operator sets to restart April 7, 2022 The Maritime and Coastguard Agency (MCA) said today it was reinspecting a P&O Ferry detained in Northern Ireland after it was deemed “unfit to sail.” According to the MCA, the reinspection was taking place at P&O’s request. “All inspections have to satisfy the Maritime and Coastguard Agency that the ferries fulfil the requirement of the [...]
Global aviation to recover by mid-2023 despite uncertainty of Ukraine war April 7, 2022 Global aviation is expected to go back to 2019 levels by August 2023 despite the uncertainty caused by Russia’s invasion of Ukraine. According to aviation analytics firm Cirium, traffic at the end of the year will be between 10 and 15 per cent down on pre-pandemic levels, but a steady recovery is expected to continue [...]
Aircraft lessors see ‘horrendous’ hike in insurance costs April 7, 2022 Lessors are already seeing a “horrendous” hike in insurance costs as the Kremlin’s retaliation against Western sanctions start to bite, said BOC Aviation’s boss Robert Martin. “Because there are going to be huge claims on these insurances this year for confiscation or theft if the aircraft aren’t given back, this will then have a knock [...]
Cazoo reports record year as company not impacted by inflationary pressures April 7, 2022 Ongoing inflationary pressures will not impact online car retailer Cazoo, its chief executive Alex Chesterman said yesterday. “Used cars have historically [pushed] in a recessionary environment, while new cars tend to be much more affected,” Chesterman told analysts during a call. “[New cars] are a luxury purchase whereas used cars are functional.” The company said [...]
Travel chaos escalates as 23-mile M20 stretch closed after ferry shortage April 7, 2022 Travel chaos continued to escalate today as a 23-mile stretch of M20 was closed due to the ongoing ferry shortage. The motorway was closed from Maidstone to Westenhanger, while thousands of lorries were stuck in bottlenecks on their way for the Port of Dover or the Eurotunnel. Delays at Channel crossings were driven by a [...]
