Tesla recalls more than 817,000 cars over seat belt chime malfunction February 3, 2022 Tesla was forced today to recall more than 817,000 US vehicles after the National Highway Traffic Safety Administration (NHTSA) flagged a malfunction in the technology that reminds drivers to fasten their seat belts. The agency said that in several models – including the 2021-2022 Model S and Model X, the 2017-2022 Model 3 and the [...]
Global travel and tourism industry sees 1,080 deals in 2021 February 3, 2022 Even though it was one of the hardest hit by the pandemic, the global travel and tourism industry still managed to grow in 2021. According to GlobalData, a total of 1,080 deals – including M&A, private equity and venture financing – were announced last year, a 1.3 per cent hike on 2020 levels. “Deal activity [...]
Ryanair loses appeal over industrial action compensation February 3, 2022 The UK Court of Appeal has rejected Ryanair’s appeal, ruling it cannot avoid refunding customers that were affected by walkouts in the summer of 2018. The low-cost carrier initially refused to pay travellers back, as it considered the disruption to be caused by “exceptional circumstances” but was taken to court by the Civil Aviation Authority [...]
Used car market starts year with a bang as demand fuels record prices February 3, 2022 The second-hand automotive market has started 2022 with a bang, as record levels of demand have fuelled the skyrocketing of prices. Auto Trader’s retail price index has revealed the average price of a used car has surged for the 22nd consecutive month, going up to £18,067 – a 31.3 per cent year-on-year increase on a [...]
Compass shares jump 7.98 per cent following trading update February 3, 2022 The shares of foodservice multinational Compass jumped 7.98 per cent, going up to 1,785.50p, following the group’s trading update from earlier this morning. Compass has in fact said that its guidance for FY2022 remains unchanged despite the impact of Omicron on services. The group expects its underlying operating margin to be over 6 per cent [...]
Moto cuts fuel prices following National Highways thumbs up February 3, 2022 Motorway services operator Moto will cut fuel prices by 15p per litre at its new digital sign installations on motorways after National Highways gave the move the thumbs up. The roll out, which will initially include five Moto sites, will see motorists save up an average £7 per tank, bringing the operator’s prices in line [...]
Virgin Wines lowers guidance following Omicron and supply chain issues February 3, 2022 Online wine retailer Virgin Wines was forced today to lower its profit and revenue for the year ending June 2022 following disruption caused by Omicron and supply chain issues. “Like many businesses, we experienced several operational challenges in the Period due to well-publicised, external, macroeconomic factors including labour market shortages caused by the emergence of [...]
Which? slams Ryanair and BA over poor refund policy February 3, 2022 Consumer group Which? has slammed Ryanair and British Airways (BA) over their refund policies, lambasting their inadequate approach to customer service. The carriers finished at the bottom of Which’s annual survey after 1,100 passengers expressed their discontent and awarded Ryanair a customer score of 55 per cent, while BA managed to grab a 63 per [...]
Global travel and tourism industry could grow to $8.6 trillion in 2022 February 2, 2022 The global travel and tourism industry has finally started to get back on its feet following the pandemic’s disastrous impact. According to World Travel and Tourism Council’s (WTTC) data, the sector’s contribution to the global economy could reach up to $8.6 trillion this year, only 6.4 per cent down on pre-pandemic levels. As a result [...]
TfL faces D-Day, as government funding expires on Friday February 2, 2022 Transport for London (TfL) is about to face its D-Day as the latest round of government funding is set to expire on Friday. “I see it as existential for TfL, as it will determine the TfL of the future,” said TfL’s commissioner Andy Byford this morning during a board meeting. “What we do and what [...]
