Eurowag boss: ‘We floated in London as we would get the best reception’ September 6, 2022 Martin Vohanka – chief executive of Czech tech platform Eurowag – said he chose London for the company’s IPO because it would “get the best reception.” “It’s about the best venue, where we believed there was the largest pool of investors which could understand our business model,” he told City A.M. Founded in its current [...]
Lufthansa averts two more days of strikes following deal with pilots September 6, 2022 Lufthansa has averted an additional two-day strike after it reached a deal with the pilots’ union. The VC union called off the walkout which was scheduled for tomorrow and Thursday, saying the two parties had set the basis of a comprehensive package of measures – both monetary and structural – which will be laid out [...]
EU airfares return back in line with pre-pandemic normal September 6, 2022 Airfares in Europe have gone back in line with the pre-pandemic normal, according to data released today. “Pricing in Europe appears to be in line with pre-pandemic rates of 2017-2019, indicating that after a busy summer period the industry has been able to recover to somewhat normal levels,” said Elise Weber, chief executive of airfare [...]
Porsche: Listing going ahead unless ‘severe geopolitical problems’ arise September 6, 2022 Porsche’s listing will go ahead unless “severe geopolitical problems” arise, according to chief financial officer Lutz Meschke. “You never know what will happen regarding geopolitical issues, but if a potential IPO would be stopped now, we are talking about severe problems,” Meschke said on Tuesday during a media call. “By then, a potential IPO would [...]
TransPennine joins Avanti and cut services due to staffing shortages September 5, 2022 TransPennine Express has announced it will cut around one in four services from 12 September as a result of staff shortages. It is the second train company forced to alter its schedule in a matter of weeks, after Avanti West Coast axed most trains between London and Manchester following staffing issues. TransPennine routes will be [...]
Tap in: Lioness Chloe Kelly honoured with special bus ride September 5, 2022 TfL has honoured Lioness Chloe Kelly for her role in winning the Euro 2022 final with a bus ride displaying her name. The 24-year-old on Monday took the 92 bus to Wembley stadium where she was greeted by several posters depicting her connection to the route. “I used to take the 92 bus as a [...]
Porsche: IPO key to Volkswagen’s electrification strategy September 5, 2022 Porsche’s IPO is key to funding Volkswagen’s €52bn electrification strategy, Volkswagen executives said ahead of today’s board meeting. In an internal interview published on Monday, the group’s chief operating officer Arno Antlitz said the proceedings “would give us [Volkswagen] more flexibility to further accelerate the transformation,” as the German car maker aims to overtake Tesla [...]
Heathrow Express passengers can soon book train tickets through Uber September 5, 2022 Passengers on the Heathrow Express will soon be able to book train tickets through Uber following a partnership between the two services. The collaboration is part of Uber’s new feature Uber Travel, which aims to transform Uber into a multi-modal smart travel app. The feature is already available in cities across North America. “We have [...]
Drivers still get ‘raw’ deal at pumps despite 12p drop September 5, 2022 Drivers continue to get a raw deal at the pumps despite a 12p price drop in August – the highest monthly slump on record. According to an analysis published today by the RAC, the average price of a litre of unleaded is now below 170p when it should be around 161p. Retailers would still have [...]
Britons stuck in hour-long bottlenecks at Calais September 4, 2022 Hundreds of Britons returning home from abroad have been stuck in hour-long queues at the Port of Calais. Ferry operators P&O and DFDS have apologised for the bottlenecks at the border, telling travellers to arrive at least 90 minutes ahead of their expected departure. “Please be advised there are currently wait times of 90-120 minutes [...]
