Budget: Chancellor admits transport investments will get £1.5bn of new money October 24, 2021 Chancellor Rishi Sunak has admitted that out of the £7bn pledged for transport investments, only £1.5bn has not yet been allocated, the Independent reported. Speaking this morning on Trevor Phillips on Sunday, Sunak said the government “topped that up by £1.5bn” when asked about the actual amount of funding that will come from new money. [...]
EV and low emission zones are not a panacea says e-bike boss October 24, 2021 Electric cars are not a “panacea that’s gonna fix everything”, said David Watkins, chief operating officer and cofounder of e-bike subscription service DASH Rides. “A more sustainable city is not going to be car-focused, even if that car is an electric vehicle,” he told City A.M. “We need to move to a different way of [...]
Government boosts Highlands and opens Europe’s biggest IT centres October 22, 2021 The UK Government has opened two new IT service centres in the Scottish Highlands, creating 250 jobs and boosting the area’s local economy. Situated in Nairn and Inverness, the two sites will look after all of the Ministry of Defence’s 200,000 IT customers, providing 24/7 assistance throughout the whole year. Part of a five-year contract [...]
UK on the EV podium as country leads the way compared with EU October 22, 2021 The UK is leading the way in terms of its preparedness to adopt electric vehicles (EV) and go fully green. According to a new report by driving education provider Zutobi, Britain comes after Norway in terms of number of registered EVs while it stands out when considering the number of EV searches per 100,000 people. [...]
Hedge funds make millions as Spac shares soar post Trump deal October 22, 2021 Hedge funds made millions in potential gains as the shares of a special purpose acquisition company (Spac) that merged with Donald Trump’s new social media soared to 421 per cent yesterday, the Financial Times reported. Called Digital World Acquisition Corporation, the Spac’s shares rose from $9.96 to $51.90, closing at $45.50 – a 357 per [...]
Nexus on track for 2022 as smart energy business skyrockets October 22, 2021 Nexus expects to see its revenues grow and reach £138m for the year ended 30 September as a result of its smart energy business skyrocketing in the last 12 months. In a trading update released today, the infrastructure business has revealed that its order book has been maintained, with a £286.8m total standing registered in [...]
JD Sports acquires Cosmos and moves into the Greek market October 22, 2021 JD Sports has acquired 80 per cent of Greek sport retailer Cosmos to expand its presence in Europe with a foothold in the Greek market. “This is another exciting acquisition for JD that further expands our presence in Europe,” said JD Sports’ executive chairman Peter Cowgill. “We welcome the highly experienced and knowledgeable Tsiknakis Family [...]
Woman convicted after assaulting TfL officers who wanted her to wear mask October 21, 2021 A woman has been sentenced to a 12-month community order after she assaulted two Transport for London’s (TfL) Transport, support and enforcement officers in December 2020. The defendant, Keia Williamson, was accused of being verbally abusive to officers after being asked to comply with the Covid-19 safety measures that required people travelling on the London [...]
Who wants to be a trillionaire? Musk in the race as Tesla profits hit record October 21, 2021 Morgan Stanley analysts believe Tesla’s founder and chief executive Elon Musk could become the world’s first trillionaire after the company’s results hit records, the Telegraph reported. The company’s revenues jumped 57 per cent to $13.7bn, with an operating income of $2bn and a 30 per cent increase in automotive gross margin while its shares more [...]
Off to Scotland for £15: Lumo launches London-Edinburgh service October 21, 2021 Low-cost rail service Lumo inaugurated this morning its first London to Edinburgh service, with an inaugural train departing at 10.45am from London King’s Cross to Edinburgh Waverley. Passenger operations will officially begin on 25 October and will aim to create 13 million additional passengers in the next decade. With prices starting from £14.90, Lumo’s had [...]
