Sage’s sales climb to £517m as accountancy software giant sees boom for Cloud and subscription services January 19, 2023 Sage’s profits are on track to meet its 2023 full-year guidance after recurring revenue rose 12 per cent to £517m in the three months ended 31 December. This rise was boosted by a 31 per cent rise in Cloud sales and an 18 per cent hike in software subscription sales, £390m and £422m respectively. Jonathan [...]
Worth the cost? Driving groups issue safety concerns as govt floats year delay of MOT testing to save £100m January 18, 2023 MOT testing could be delayed by a year under current plans, but driving groups say they are “totally” opposed on safety grounds. Motoring groups the AA and RAC have warned ministers that “drivers don’t agree” with plans to delay testing and “believe it’s dangerous”, with more cars unfit for road use. This comes after the [...]
Settling rail dispute would have been cheaper than strikes, admits minister January 18, 2023 Rail minister Huw Merriman has admitted the government has lost more money due to the rail strikes’ impact than it would have if it had settled the dispute with unions months ago. “It’s actually ended up costing more than it would have if [the dispute] had been settled,” the minister told members of the Commons’ [...]
Cazoo no you can’t: Motor retailer halves ambitions despite third quarter sales fillip January 18, 2023 Cazoo has halved its sales ambitions for the year, saying it was now looking to sell between 40,000 and 50,000 cars, rather than the predicted 80,000 to 100,000. The online car retailer told analysts and investors it was shrinking its ambitions to a “more modest” top line, as it sought to return to profitability without [...]
Microsoft to cut 11,000 jobs worldwide – reports January 17, 2023 Microsoft is likely to become the latest tech giant to slash thousands of jobs worldwide after reports emerged today. Sources told Sky News’ Mark Kleinman the Seattle-based powerhouse could announce plans to cut five per cent of its global workforce within the next few days. This means that over 11,000 people would be made redundant, [...]
Wealthy nations should pay more for low-emission air travel, Heathrow boss tells Davos elites January 17, 2023 Wealthy nations should pay more for low-emission air travel, Heathrow’s boss John Holland-Kaye told business and political leaders gathered in Davos today. “The wealthy people in this room and the wealthy nations should be funding the energy transition in aviation,” Holland-Kaye said, speaking at an event on the future of travel at the World Economic [...]
Raising fares better than cutting services, says TfL exec as Mayor’s decision on price hike looms January 17, 2023 Increasing bus and tube fares is always better than cutting services, Transport for London’s chief technology officer Shashi Verma said today. Verma told members of London Assembly’s transport committee that “a service cut is much worse than a fare increase” as cuts usually lead to a bigger decrease in passenger demand. “A 1 per cent [...]
More strikes: RMT follows in Aslef’s footsteps with rail walkouts in February January 17, 2023 Rail union the RMT has followed in Aslef’s footsteps from Tuesday morning and announced two days of strikes in early February. Train drivers working at 14 companies – including Govia Thameslink and C2C – said they will down tools on 1 and 3 February after rejecting an eight per cent pay increase over two years. [...]
Plane not train: Cornwall set for further tourist spike as Ryanair launches London-Newquay route January 17, 2023 Newquay residents are set to complain even further about the hordes of Londoners descending into Cornwall after Ryanair announced new services from London Stansted to Newquay. The low-cost carrier said today it will operate three weekly flights to Cornwall as part of its ramped up summer schedule, which also includes additional services to Spain and [...]
TUI open to new majority shareholder following resignation of sanctioned Russian billionaire January 17, 2023 TUI admitted it was looking for a new majority shareholder, 10 months after EU sanctions forced the resignation of Alexei Mordashov. Vladimir Putin ally and Russian billionaire Alexei Mordashov became a target of Europe’s sanctions against Moscow following Russia’s invasion of Ukraine in March 2022. The sanctions meant TUI was left scrambling for a new [...]
