Pets at Home slumps due to cost-of-living crisis biting into Britons’ pockets July 4, 2022 RBC analysts have downgraded Pets at Home’s recommendation to Underperform as concerns mount as the cost-of-living crisis bites into Britons’ pockets. The pet retailer’s shares today took an 8.32 per cent tumble – the biggest on the FTSE 250. Analysts explained that while the group maintains a prime position in the pet care market, its [...]
Network Rail installs first EV charging hubs as part of green push July 4, 2022 Network Rail has set up its first electric vehicle (EV) charging hubs for its maintenance and road vehicles. Situated in Swindon and Bristol, the facilities are part of the rail operator’s ‘Project Zero’ plan to electrify its fleet by 2027. The project was facilitated by financial services company Novuna, who already won a £136m contract [...]
UK motorways brought to standstill as angry drivers protest against rocketing fuel prices July 4, 2022 UK motorways have been brought to a standstill after dozens of angry drivers took to the streets and protested against rocketing petrol and diesel prices. Campaigners today targeted major arteries such as the M4 in South Wales and Somerset, as well as the M5 from Devon to Bristol and the A38. Demonstrations, in the shape of [...]
Easyjet flight from London to Minorca escorted by fighter jet following bomb threat July 4, 2022 An Easyjet flight from London Gatwick to Minorca was escorted by a fighter jet, following a bomb threat. According to the Spanish police, the precaution was taken after a British 18-year-old made a fake threat on social media. The culprit – who yesterday was travelling alongside five other friends – remains in Minorca under police [...]
Easyjet COO steps down amid ongoing travel chaos July 4, 2022 The chief operating officer (COO) of Easyjet Peter Bellew resigned today as the airline continues to be hit by travel disruption. The carrier’s board announced today Bellew, who joined two and a half years ago, resigned on Friday to “pursue other business opportunities.” Director of flight operations David Morgan replaced him as interim COO. “I [...]
Patents for driverless car technology rise as makers try to avoid litigation July 4, 2022 Patents for automotive wireless technology submitted by car makers have jumped by 4.9 per cent in the last year, according to research published today. Figures from intellectual property law firm Mathys & Squire went up from 945 in 2020 to 991 – a threefold increase on 2016 levels. According to Mathys & Squire, the reason [...]
Sustainable deliveries: Amazon launch first e-cargo bike fleet in central London July 4, 2022 Amazon deliveries across London are set to become more sustainable from now on, as the e-commerce titan launched today its first fleet of e-cargo bikes and walkers. Stored in Amazon’s Hackney hub, the new fleet will make more than one million deliveries a year across 10 per cent of London’s Ultra Low Emission Zone (ULEZ). [...]
Labour pledges to create 30,000 EV jobs as UK lags behind competitors July 3, 2022 The Labour Party has pledged to create 30,000 electric vehicle (EV) new jobs – both in factories and across the supply chain – within the next three years. The move is part of Labour’s plan to partly fund three additional gigafactories by 2025, as it warned the UK’s investment in EV and battery production was [...]
Lotus raises £74m for EV push July 3, 2022 Luxury marquee Lotus Cars has raised £74m for its electric vehicle (EV) push. The Norwich-based car maker secured £50m in borrowings from Santander, while its Chinese and Malaysian owners Geely and Etika chipped in with a £24m loan. The backing will enable Lotus to transition to EVs, developing a prototype to base all models on [...]
easyJet execs jet off to Mallorca resort while passengers bear weight of travel chaos July 3, 2022 easyJet’s senior executives are jetting off to Mallorca this week while thousands of passengers bear the weight of the ongoing travel chaos. The airline’s management team are set to have a two-night corporate retreat at luxury resort Iberostar in Palma, which counts an infinity pool and a sunset champagne bar among its many amenities. Bosses [...]
