TfL announces reopening of Jubilee line Night Tube services May 13, 2022 Transport for London (TfL) has announced that Night Tube services on the Jubilee line will resume from next Saturday. Jubilee services will run on Friday and Saturday night, joining the Central and Victoria lines – which reopened in November after the public demanded the reopening to guarantee the safety of more vulnerable people. “From next [...]
TfL pauses works on London bridges’ anti-terror barriers due to financial pressure May 13, 2022 Transport for London (TfL) reportedly paused its plans to instal £35m worth of permanent anti-terror barriers on London bridges because of its financial situation. TfL board papers, which were released ahead of next’s week committee meeting, report that “several planned projects,” won’t go ahead because of “the reduced funding available,” the Evening Standard reported. Called [...]
Advantage boss exclusive: ‘We need to showcase travel industry’s attractiveness to get talent back’ May 13, 2022 The UK travel industry needs to revamp its image as an exciting yet stable industry to work in if it wants to put an end to its recruitment difficulties. According to Julia Lo Bue-Said, chief executive at travel agent consortium Advantage, post-pandemic, the UK workforce sees travel and tourism as a very uncertain industry. “The [...]
Revolution Beauty poaches new CFO Elizabeth Lake from Everyman May 13, 2022 Revolution Beauty has announced the appointment of Elizabeth Lake as the company’s new chief financial officer. Lake will replace current chief financial officer Andrew Clark, who stepped down yesterday after three years at the company. To help the business transition, Clark will remain with Revolution Beauty until July. “After what has been an incredibly busy [...]
‘The new normal’: Nissan says industry needs to live with chip shortages May 12, 2022 The automotive industry needs to live with semiconductor shortages as they have become “the new normal,” according to Nissan. “Semiconductor shortage is a new normal, same as the pandemic, and we have to live with it because this is not going to finish tomorrow morning,” chief operating officer Ashwani Gupta said today. The Japanese automotive [...]
Volkswagen pledges to build 800,000 EVs by end of 2022 May 12, 2022 Volkswagen has announced it will build 800,000 electric vehicles (EVs) worldwide by the end of the year as of both its environmental and financial strategy. Head of sales Hildegard Wortmann said today EU electric car sales will increase from the 425,000 delivered last year despite total deliveries falling because of macroeconomic and geopolitical issues, including [...]
Cazoo makes Spanish debut following €30m acquisition of rival May 12, 2022 Cazoo made its debut in Spain today, six months after it acquired Barcelona-based rival Swipcar for €30m. The Spanish launch followed the opening of its marketplace in Germany and France late last year and is part of Cazoo’s continental expansion. “We are very excited to launch in Spain, following our recent launches in both France [...]
Rolls-Royce trading in line with expectations following aviation recovery May 12, 2022 Rolls-Royce’s trading in the first four months of the year has remained in line with expectations following the aviation sector’s gradual recovery and investments into defence. Despite market volatility and other macroeconomic and geopolitical headwinds, the group said today it was expecting “positive momentum in our financial performance in 2022” and maintained its financial guidance [...]
BT teams up with Warner Bros for new sports venture in UK and Ireland May 12, 2022 BT Group has agreed to form a new sports joint venture with Warner Bros Discovery in the UK and Ireland. The telecoms giant confirmed the deal as it also reported that trading is “on the right track” despite a dip in revenues for the past year. In February, BT said it was in exclusive negotiations [...]
Heathrow hits back after Virgin Atlantic says airport ‘fleecing’ passengers with ‘disproportionate’ fees May 12, 2022 THE EXTRAORDINARY public spat between two of the world’s largest airlines and Heathrow airport moved into another stratosphere yesterday after Virgin Atlantic’s boss said Heathrow was “abusing its monopoly to fleece passengers.” Both Virgin and BA-owner IAG have hit out at Heathrow after the airport asked the Civil Aviation Authority (CAA) to allow it to [...]
