Going north: BA adds daily flights from London City to Aberdeen October 12, 2022 BA has expanded its services to Scotland, adding daily flights from London City to Aberdeen to increase connectivity with the capital. The route will run over the winter season – between 1 November and 22 January – complimenting services already departing from Heathrow. Services will depart from London City mainly in the evenings, between 6.30 [...]
Airbus and Air France plead not guilty at 2009 Rio crash trial October 10, 2022 Airbus and Air France have pleaded not guilty to “involuntary manslaughter” as the nine-week trial over their involvement in the 2009 Rio plane crash started today. The airline and the manufacturer are on trial in a Paris court 13 years after an Air France plane from Rio to Paris crashed into the Atlantic, killing all [...]
Mayor’s ULEZ poll contradicts consultation reports October 10, 2022 A new poll commissioned by London mayor Sadiq Khan over the ULEZ expansion to Greater London directly contradicts reports of consultation responses against the decision. Figures published today by YouGov show that 51 per cent of Londoners are in favour of the expansion plans, against an opposition of 27 per cent. Out of this majority, [...]
Rivian recalls almost all its EV trucks due to technical issue October 9, 2022 US electric truck maker Rivian has recalled most of its production due to a possible technical issue. Rivian over the weekend decided to recollect around 13,000 of its 14,317 vehicles manufactured after discovering that a fastener connecting the front upper control arm and the steering knuckle in some of its vehicles may have remained loose. [...]
RMT’s Mick Lynch: ‘We will be in this for as long as it takes’ October 9, 2022 Mick Lynch, secretary general of transport union RMT, said railway workers and their union representatives will continue to fight over better working conditions for “as long as it takes.” More than 40,000 RMT members working at Network Rail and 15 other operators walked out on Saturday in a long-standing dispute over jobs, working conditions and [...]
Ineos presented with £1.2bn bill to make Defender’s rival October 9, 2022 Ineos Automotive has been presented with a £1.2bn bill for its efforts to manufacture a rival to Land Rover’s Defender. Since its 2017 foundation, the car maker – a subsidiary of chemicals giant Ineos Industries – has faced several challenges, as first reported by the Sunday Times. Ineos doubled its losses to €212m (£193m) in [...]
Virgin Orbit ‘opportunistic on the market’ as it eyes new fundraising October 9, 2022 Virgin Orbit’s boss Dan Hart said the satellite launching company is going to be “opportunistic on the market,” as it seeks additional funding rounds following a disappointing SPAC listing. A subsidiary of Richard Branson-backed Virgin Galactic, the firm raised only $228m (£205m) when it listed in December 2021 on the NYSE. However, the initial target [...]
FCA slaps City broker with £531,000 fine over missing suspicious transactions October 6, 2022 The Financial Conduct Authority (FCA) has slapped City stock broker Sigma with a £531,000 fine after it failed to identify 97 suspicious transactions. The watchdog also found the firm guilty of inadequately reporting 56,000 contracts for difference – an insurance tool used by market participants – between December 2014 and August 2016. Both former and [...]
£1.5bn Liverpool Street station upgrade sparks conservationists’ concerns October 6, 2022 A £1.5bn proposed upgrade of Liverpool Street station has sparked concern among conservationists. Shard Quarter developer Sellar, alongside Network Rail and Elizabeth line operator RMT, unveiled the plans today. The mixed use blueprint includes plans for up to 10 floors of office space, as well as six floors taken up by the Andaz hotel. Developers [...]
Porsche surpasses Volkswagen as EU’s most valuable car maker October 6, 2022 Porsche has overtaken parent company Volkswagen as Europe’s most valuable car maker as its valuation increased to around €84bn (£73.5bn) a week after its IPO. The luxury car maker’s value was initially pushed up to €85bn as shares surged to €93 earlier this morning. But even though shares stabilised to around €91 by lunchtime, Porsche’s [...]
