Rail can’t take more than its fair share, says head of new trade body July 20, 2022 The railway sector can’t take more than its fair share from both fare and tax payers, according to Andy Bagnall, chief executive of the new trade body Rail Partners. “Train companies want to give their people a pay rise, but it has to be affordable and in the context of restoring the railway to a [...]
McLaren close to securing additional £100m from Gulf backers to fast-track new models July 20, 2022 McLaren is reportedly close to securing additional funding worth more than £100m to fast-track the production of new models. The cash-call – which could be finalised as early as tonight – would give the luxury car maker at least £80m of capital for the delivery of new road cars, sources told Sky News’ Mark Kleinman. [...]
Olive branch: Easyjet’s founder calls for ceasefire with airline management July 20, 2022 Easyjet’s founder and majority shareholder Sir Stelios Haji-Ioannou has called for a ceasefire in the long-standing feud with the airline’s management. The Greek-Cypriot entrepreneur was one of the many shareholders to vote in favour of an order for new Airbus planes during today’s shareholder meeting, sources told the Financial Times. The purchase – which was [...]
Chaos-stricken Heathrow dealt kerosene blow as refuellers plan to walk out from tomorrow 5am July 20, 2022 Heathrow will need to brace itself for further chaos as refuellers are set to go on a three-day strike starting tomorrow. Around 50 members of the union Unite working for Aviation Fuel Services (AFS) announced the decision yesterday, after they rejected a 10 per cent pay increase. The walkout will begin at 5am tomorrow and [...]
Rail strike on 27 July: Brits face zero services on some train lines July 20, 2022 Network Rail has warned passengers that limited to no services will run on 27 July, the first of an additional three-day strike called by the union RMT last week. The government-owned operator said that – while “specially-trained back-up staff” will keep vital services running on the day – timetables will be cut down to 20 [...]
Heatwave: Network Rail sets speed limitations as car breakdowns increase by 20 per cent July 15, 2022 Soaring temperatures are expected to hit England this week, prompting the country’s transport network to batten down the hatches. The Met Office issued today an extreme red heat warning for the first time ever, as temperatures are set to reach between 38 and 40 degrees on Monday and Tuesday. Rail and TfL Network Rail announced it [...]
UK braces itself for nation-wide disruption as 40,000 workers announce another two days of rail strikes July 15, 2022 The UK will need to brace itself for nation-wide disruption as 40,000 rail members of the union RMT announced late last night an additional two days’ strike on 18 and 20 August. RMT members working at Network Rail and 14 other operators announced earlier this week they will also walk out on 27 July in [...]
Saudis now second-largest investor in Aston Martin as £653m raised to pay off debts July 15, 2022 Saudi sovereign wealth fund PIF has become the second-largest shareholder in UK luxury car maker Aston Martin, sending shares up 25 per cent. The fund, controlled by Saudi Crown Prince Mohammed bin Salman (MBS), will own a 16.7 per cent stake in the marquee. This will be behind the 18.3 per cent owned by Canadian [...]
Amazon goes on UK hiring spree as e-com giant creates 4,000 new jobs July 15, 2022 Amazon has gone on a hiring spree in the UK, creating more than 4,000 permanent jobs this year. Spread across the UK, the new jobs will include positions at the Wakefield and Knowsley new fulfilment centres, where staff pack and ship orders. Corporate and technology as well as product management and software development jobs will [...]
Burberry feels the pinch of China’s lockdowns as market sales increase only one per cent July 15, 2022 Burberry has felt the pinch of China’s Covid lockdowns, as store sales in it biggest market increased only 1 per cent in the three months ended 2 July. Nevertheless, the fashion powerhouse reported a 16 per cent increase in overall sales – with the European, Middle Eastern and African (EMEIA) market performing particularly well. Store [...]
