Congestion charge returns to pre-pandemic hours from today February 21, 2022 Starting today, the congestion charge applied to those driving into central London will no longer be active on weekdays from 6pm. The price cap, instead of going back to £11.50, will remain at the current rate of £15. The decision was made by London mayor Sadiq Khan in mid-December to strike a balance between helping [...]
TfL long-term funding talks with government postponed until Friday February 21, 2022 Government talks over a long-term funding deal for Transport for London (TfL) have been postponed until this Friday, both transport secretary Grant Shapps and TfL have confirmed. “We have agreed with the government that our existing funding agreement will be extended until 25 February so that these discussions can be concluded,” said a TfL spokesperson. [...]
Why 2021 was such a favourable year for electric cars February 19, 2022 In the words of Erik Fairbairn, chief executive of LSE listed electric vehicle (EV) Pod Point, 2021 was the year electric cars became a mass market. Not only did his company post record profits in the first results since its IPO but, overall, the industry has boomed in the last 12 months. EV output emerged [...]
NAS goes on shopping spree and acquires an additional stake in Menzies February 18, 2022 Kuwait-based firm seems to have gone on a shopping spree today, as it announced its parent company Agility had acquired an additional stake in aviation services giant Menzies. The company said it had entered contracts to buy a further 5.3 million ordinary shares, around 5.8 per cent of Menzies’s issued capital at a price of [...]
Transport network faces severe disruption as Storm Eunice hits London February 18, 2022 From the early hours of this morning Storm Eunice has hit the UK, bringing with it winds of up to 100mph and causing disruption all over the country. Following yesterday’s warning, the Met Office raised another red alert today, adding the South East and London. “These are rare, we only issue them when there is [...]
Pod Point’s profit skyrockets as EV market soars February 18, 2022 Electric vehicle (EV) charging firm Pod Point has reported skyrocketing profits as a result of strong consumer demand. In the year ended 31 December, the company registered an 86 per cent increase in year-on-year revenue, going up to £61.4m, while gross profit surged 99 per cent. Gross margins went up two per cent, while home [...]
TfL bosses say Tube staff pay rise will worsen financial crisis February 18, 2022 Transport for London (TfL) bosses have warned that the body’s financial situation will worsen following the eight per cent pay rise awarded to 16,500 Tube staff. The deal, which sees employees being entitled to the RPI rate of inflation plus 0.2 per cent, will cost TfL an additional £100m and lead to further cuts to [...]
Baby you can’t drive my car: 6.7m motorists at risk of driving uninsured February 18, 2022 Around 6.7 million UK motorists are currently at risk of driving uninsured, according to a new research from automotive insurance Direct Line. Only 38 per cent of the 14 million people who have driven someone else’s car in the last year checked they were insured to do so, while 32 per cent said they were [...]
Sadiq Khan “hopeful, but not confident” about TfL deal as funding expires tomorrow February 17, 2022 London mayor Sadiq Khan said today he is “hopeful, but not confident” of securing a long-term deal for Transport for London (TfL) as government funds are set to expire tomorrow. “It’s really important for the government to realise, these sticking plasters in the short, medium and long term cost us more,” the Evening Standard reported [...]
Shell becomes Singapore’s first supplier of sustainable aviation fuel February 17, 2022 Shell has become Singapore’s first supplier of sustainable aviation fuel (SAF), the company announced today during the Singapore Airshow. “We have delivered some (SAF) to our customers SIA Engineering Company and the Republic of Singapore Air Force,” said Shell’s head of aviation Asia Pacific and Middle East Doris Tan. While the first batch of SAF was blended [...]
