Train driver union announces additional rail strike over pay June 9, 2022 Train driver union Aslef has announced its members working for Hull Trains, Greater Anglia and Croydon Tramlink will strike at the end of June over salaries. Hull Trains train drivers will strike for the whole of 26 June, while Greater Anglia’s workers will walk out on 23 June, which coincides with the second of a [...]
Cost of filling up average family car shoots to £100 for first time June 9, 2022 The cost of filling up the average 55-litre family car has shot to £100 for the first time ever. According to data released today by Experian Catalist, petrol prices have reached an all-time record of 182.3p, going up by 1.6p from Tuesday, while diesel increased by 2.9p to 188.1p. Commenting on the increase, RAC fuel [...]
First Group rejects £1.2bn takeover bid from private equity I Squared June 9, 2022 Public transport titan First Group has rejected a £1.2bn takeover bid from US private equity I Squared. FirstGroup is the latest UK company to be sought after by foreign investors, as rival Stagecoach was snatched from underneath National Express by German asset manager DWS in late May. In an update to the London Stock Exchange, [...]
Sadiq Khan blames govt funding for ‘extremely frustrating and disappointing’ tube strike as Unite joins RMT walk-out June 8, 2022 City Hall lambasted the government’s refusal to grant Transport for London (TfL) long-term backing, blaming it for indirectly causing the tube strike scheduled for 21 June. The strike is the latest disruption to affect the Transport for London (TfL) network after 4,000 tube workers walked out on Monday. “At the heart of this industrial action [...]
Carbon market reforms collapse in EU Parliament with lawmakers divided over climate targets June 8, 2022 The European Parliament was thrown into chaos yesterday after key environmental proposals were voted down by divided lawmakers.
Italian strike leads to more chaos in UK June 8, 2022 A strike called by Italian air traffic controllers has led to more chaos in the UK. Thousands of passengers were left stranded at British hubs after Ryanair, Easyjet, British Airways (BA) and Jet2 collectively cancelled dozens of flights from the UK to Italy. Easyjet axed 20 flights from Gatwick telling passengers it was doing “all [...]
Analysts downgrade National Express following margin pressures June 8, 2022 Analysts at Peel Hunt have downgraded National Express’s ratings from Buy to Hold after the company said keeping prices affordable will slow its margin recovery. Peel Hunt have also cut National Express’s earnings per share forecasts by around 20 per cent. “This is clearly disappointing, but the medium-term targets remain in place and the group [...]
Travel mayhem to hit Londoners as another union joins tube strike June 8, 2022 Travel mayhem is expected to hit Londoners as members of the union Unite working for Transport for London (TfL) and London Underground are set to join the strike called by the RMT union for 21 June. The union announced that more than 1,000 of its members will join the 10,000 workers striking over job cuts [...]
Voting day: EU emission cutting plans suffer setback as MEPs reject carbon market reforms June 8, 2022 The EU will vote on a raft of emission cutting pledges and reforms across business and industry as the bloc looks to finalise environmental pledges.
Used car prices remain strong but demand gradually slows down June 8, 2022 Used car prices have remained strong even though demand for second-hand vehicles is gradually slowing down. According to data from Auto Trader’s Retail Price Index, the average price of a used vehicle has grown 28.4 per cent over the last year, marking the 26th consecutive month of growth. But despite the increase, demand is gradually [...]
