Former Cadbury chief to head Wagamama’s owner Restaurant Group October 27, 2021 Cadbury’s former chief financial officer Ken Hanna is reportedly set to become the next chairman of Restaurant Group, which owns several chains including Wagamama, Frankie & Benny’s and Chiquito. A stock market announcement is expected to be made on Thursday, Sky News reported, a day after hospitality companies learnt they will be given a 50 [...]
Long-haulers slam APD hike as it “will penalise Global Britain” October 27, 2021 Long-haul carriers have criticised the Chancellor’s decision to increase air passenger duty (APD) rates for flights longer than 5,500 miles. Luis Gallego, chief executive at British Airways’ parent company IAG, said the move “will penalise Global Britain” at a time when the country should be more competitive on the global stage. “We need to get [...]
Boeing ekes out small profit after aviation volumes ramp up October 27, 2021 In the third quarter aircraft manufacturer Boeing has registered a small adjusted profit after commercial airplanes and services volumes ramped up when travel restrictions eased. The company’s core operating profit amounted to $59m, compared with a $754m loss in 2020. Year-on-year, revenues grew 8 per cent to $15.2bn, going up from $14.1bn. “We are driving [...]
Budget 2021: Government invests in road and railway, as APD for domestic flights goes down October 27, 2021 In his Autumn Budget speech, Chancellor Rishi Sunak has set out the funding for the transport sector, focusing on road and rail improvements as well as lowering air passenger duty (APD) taxes on domestic flights. To level up the country’s “uneven economic geography”, the Chancellor is allocating £130bn for infrastructure investments such as road, railway [...]
Spanish operator Renfe to operate Paris – London service to rival Eurostar October 26, 2021 Spanish rail operator Renfe is reportedly seeking to operate a new service between Paris and London, initiating talks with the Spanish ministry of Finance to be granted permission, el Pais reported. The company is expected to take advantage of the slots in the tunnel under the Channel, capitalising on the high passenger demand for the [...]
Twitter falls short of user estimates as class action weighs on losses October 26, 2021 Twitter’s monetisable daily active users fell short, the company reported. In its third quarter results, the social media platform registered 211 daily active users, falling short when compared to analysts’ estimates of 212.6 million. “Average monetizable daily active users (mDAU) reached 211 million, up 13 per cent year over year in the third quarter, accelerating [...]
Google’s owner Alphabet smashes expectations for revenue and profit October 26, 2021 Google’s owner Alphabet smashed expectations in its third quarter results, chalking up its third straight quarter of record profit and $65.5bn in revenues against Wall Street estimates of $63.3bn. The tech giant banked a $18.9bn net profit – or earnings per share of $27.99, up from $11.2bn for the same period last year. “Our consistent [...]
London crowned the most dangerous city for UK cyclists October 26, 2021 London is the UK’s most dangerous city for cyclists, reported a study by personal injury experts Boyes Turner Claims. Bristol and Hull come in second and third place, reporting 1,301 and 1,243 incidents since 2016. Using data from the Department for Transport, the research revealed that over the last five years, 11,560 incidents involving cyclists [...]
Plug-in hybrid vehicles no longer exempt from C-Charge discount October 26, 2021 Drivers of plug-in hybrid vehicles are no longer exempt from paying the £15 daily Congestion Charge, reported MSN. From yesterday only 100 per cent net-zero cars qualify fo the discount, while before all hybrid vehicles that emitted no more than 75g/km of CO2 could get the exemption, the news site added. The Congestion Charge was [...]
Campaigners granted High Court hearing over HS2 tunnel row October 26, 2021 Environmental campaigners are set to go to the High Court on 28 October over the impact of an HS2 tunnel in the Chiltern Hills. The environmentalists have sought legal action to save the River Misbourne, asking for the HS2 bore tunnel not to be constructed on the site. According to campaigners, the methods and risks [...]
