BA owner IAG lures Nicholas Cadbury away from Whitbread for CFO job January 27, 2022 Nicholas Cadbury, finance director at hotel and restaurant giant Whitbread, will join British Airways’ owner IAG as chief financial officer on 21 March. The news, confirmed this morning, was first announced in October after the current chief financial officer Steve Gunning decided to step down. “It has been a wonderful experience to be involved in [...]
UK car output worst since 1956 but EVs and investment brighten 2022 outlook January 27, 2022 2021 was a dismal year for the UK automotive industry, as output fell 6.7 per cent to less than 860,000 units – the lowest since 1956. Figures released today by the Society of Motor Manufacturers and Traders (SMMT) reported that production went down 34 per cent on pre-pandemic levels, especially as a result of the [...]
Vroom vroom! Cazoo buys Italian online retailer in €80m deal January 26, 2022 Online car retailer Cazoo announced today it will acquire Italian rival Brumbrum in a €80m (£66.8m) deal. Cazoo will acquire Brumbrum in a mix of cash and Cazoo shares, with the transaction expected to be carried out in the next few days. By acquiring Brumbrum, the UK company will have access to the five most [...]
Have your say: TfL asks Londoners about future of A10 Bishopsgate January 26, 2022 Transport for London (TfL) is asking Londoners to weigh in on the future of the A10 Bishopsgate walking and cycling scheme. Running until 25 July, the consultation will help TfL decide whether to extend the scheme’s life span beyond the 18 months which were initially agreed upon by the governing body in December. “As we [...]
UK needs laws for self-driving cars, government bodies say January 26, 2022 Government bodies are currently lobbying for the UK to adopt a legislation that regulates self-driving vehicles. According to a joint report from the Law Commission of England and Wales and the Scottish Law Commission, introducing an ‘Automated Vehicles Act’ will help to draw “a clear distinction between features which just assist drivers, such as adaptive [...]
EU ‘ghost flights’ can generate up to 2.1m tonnes of CO2 January 26, 2022 European ‘ghost flights’ could produce up to 2.1 million tonnes of CO2 this winter, according to a recent Greenpeace analysis. “Transport emissions are skyrocketing,” Herwig Schuster, a spokesperson for Greenpeace’s European Mobility for All campaign, told the Guardian. “It would be irresponsible of the EU not to take the low-hanging fruit of ending ghost flights [...]
UK passenger demand surges following restrictions easing, Wizz Air boss says January 26, 2022 Passenger demand in the UK has surged following the recent easing of travel restrictions, Wizz Air’s chief executive Jozsef Varadi has said. “We are seeing a very strong reaction on the demand side due to the UK Government’s decision to ease restrictions,” Varadi told investors this morning following the release of the airline’s third quarter [...]
Bentley to develop first electric car as part of £2.5bn green push January 26, 2022 Bentley has announced the development of its first battery-powered electric vehicle as part of a 10-year sustainability push worth £2.5bn. The luxury car maker added that the first vehicles will be ready in three years’ time, as the company plans to become carbon neutral by 2030. “We are already marking the pinnacle in luxury car [...]
Former IAG boss Wille Walsh condemns Airbus-Qatar Airways row January 25, 2022 Willie Walsh, former boss of British Airways’ owner IAG and now at the helm of the International Air Transport Association, has condemned the ongoing row between Airbus and Qatar Airways. Weighing in on Airbus’s decision to revoke Qatar Airways’ order of 50 A321 planes, Walsh said it was a “new and worrying development,” telling Reuters [...]
Lamborghini lags behind rivals rolling out first fully-electric car in 2030 January 25, 2022 Italian luxury car maker Lamborghini has announced its first fully electric car – a coupe SUV – will be rolled out in 2030. “Our car will perform at the highest level, but with the peculiarities of an electric vehicle,” the car maker’s chief executive Stephan Winkelmann told Italian news agency ANSA. “It will take some [...]
