Volkswagen boss: All of group’s brands preparing for IPO as exercise October 4, 2022 Volkswagen’s boss Oliver Blume said all of the group’s subsidiaries are preparing to float as an exercise. This comes on the heels of Porsche floating last Thursday in Frankfurt for €75bn (£67bn). Blume explained on Tuesday that top officials at each brand – including Audi, Bentley and Lamborghini – were sharpening their focus ahead of [...]
Low-cost airlines report strong September as people continue to travel October 4, 2022 Low-cost carriers, such as Ryanair and Wizz Air, have reported a strong September, as people across Europe continue to travel against the backdrop of a volatile economic climate. Ryanair reported that 15.9 million passengers flew aboard its planes last month – making September the second-busiest month ever after August’s record 16.9 million travellers. The carrier’s [...]
Tramlink Croydon workers to strike on 10 and 11 October following offer rejection October 4, 2022 Train drivers working at Tramlink in Croydon will strike on 10 and 11 October after they rejected a below-inflation pay rise. The union Aslef accused Tramlink’s management of giving workers “real terms pay cuts” as their 4.75 per cent pay increase is well below the current inflation rate of 9.9 per cent. “But what’s especially [...]
Musk angers Zelensky and top Kyiv officials with controversial war tweet October 3, 2022 Elon Musk has angered Ukrainian President Volodymyr Zelensky and other top officials after he posted a controversial tweet on Monday night. The serial entrepreneur called on his 107.7 million followers to weigh in on the Ukrainian conflict. He claimed that the war will end with the UN supervising an elections’ redo in the occupied territories [...]
Heathrow to end daily passenger cap on 29 October October 3, 2022 Heathrow has confirmed it will end its 100,000 daily passenger cap at the end of the summer flying season on 29 October. A Heathrow spokesperson said: “This cap resulted in fewer last-minute cancellations, better punctuality and shorter waits for bags. “We continue to work with all of our airline partners ahead of the winter season [...]
GLA Conservatives launch investigation into ULEZ expansion consultation October 3, 2022 GLA Conservatives have launched an investigation into the consultation on the ULEZ expansion after allegations emerged. Nick Rogers, GLA Conservatives’ transport spokesperson, wrote to London mayor Sadiq Khan demanding the consultation be opened to public scrutiny after the Telegraph this weekend reported that votes against the expansion might have been improperly removed. “TfL has excluded [...]
Majority of UK firms to ramp up business travel spending by next year October 3, 2022 The majority of UK businesses are set to ramp up their travel spending in the next year, according to research. Data published on Monday by American Express revealed that 68 per cent of UK companies would increase their business travel spending by at least 50 per cent, while four in ten firms are looking to [...]
Londoners face disruption as rail strike halts Overground on Wednesday October 3, 2022 Thousands of Londoners will face disruption on Wednesday as rail strikes halt all services on the Overground. Following a 24-hour strike on Saturday, train drivers at London Overground and 14 other operators will walk out in a long-standing dispute over salaries. Disruption will affect services on: Avanti West Coast, Chiltern Railways, CrossCountry, Greater Anglia, Great [...]
SMMT: UK automotive needs investments, not government handouts October 3, 2022 The UK automotive sector needs a renewed focus on investment, not government handouts – said industry executive Mike Hawes. According to Hawes – chief executive of the Society of Motor Manufacturers and Traders (SMMT) – car makers need a “competitive framework that is as competitive as many other countries with whom we trade and with [...]
Car firms push back against greenwashing allegations September 29, 2022 Car manufacturers have pushed back against allegations they are underreporting the indirect lifetime emissions of their vehicles. A report by European environmental NGO Transport & Environment (T&E) has accused nine of the world’s largest car makers – including Volkswagen, Toyota and BMW – of downplaying the indirect lifetime emissions of their vehicles by, on average, [...]
