‘Great uncertainty’ over nuclear plants’ delivery following opposition to Chinese investor May 9, 2022 The delivery of Essex-based nuclear plant Bradwell faces “great uncertainty” after political opposition has mounted against the involvement of a Chinese investor. EDF told shareholders that, without Chinese backing, it is no longer obliged to continue funding the project. The French energy giant also said, if China were exit the deal, EDF would also need [...]
Rail fares could soar by 12 per cent amid inflationary spikes May 5, 2022 Railway users could soon enough see the price of their tickets soar as a result of inflation spiking to 7 per cent and not showing any sign of easing. Economists argued fares could go up as high as 12 per cent from next year if the government doesn’t untie the increase in inflation rates and [...]
UK ports call on government to compensate them for delaying post-Brexit checks by 18 months May 5, 2022 UK ports have called on the government to compensate them for delaying post-Brexit checks by more than a year and a half. According to the ports, the government delays on checks on European animals and plants announced last week mean that the high-tech facilities built for the inspections will remain empty until the end of [...]
Car insurance prices sink to lowest in seven years May 5, 2022 Car insurance prices have, on average, sunk to the lowest since 2015, the Association of British Insurers (ABI) announced today. Comprehensive prices, which are now at £416, dropped 5 per cent compared with 2021 levels following the Financial Conduct Authority’s decision to offer both new and returning customer the same tariff, and end “loyalty premiums.” [...]
Air France-KLM beats quarterly forecasts following boom in travel bookings May 5, 2022 Air France-KLM announced it has beaten its own profit forecasts for the first quarter following a boom in travel bookings. In the three months ended 31 March, the French-Dutch power house posted a €221m EBITDA, a 135 per cent increase on last year’s losses worth €628m. Despite taking a hit as a result of the [...]
Lufthansa to offset fuel prices following bigger than expected quarterly loss May 5, 2022 Lufthansa said it will offset higher fuel prices in the second quarter of 2022 after it delivered a bigger than expected loss in the first one. Despite narrowing its adjusted loss before interest and taxes from €1.05bn to €591m, the airline’s losses were still higher than the company-provided analyst consensus of €558m. The carrier said [...]
Trainline focuses on EU expansion but remains in talks with government over rival app May 5, 2022 Trainline said it was focusing on expanding its international presence while remaining in talks with Westminster over the development of a government-funded rival ticketing app. In the 12 months ended 28 February, the company’s international revenues grew 85 per cent to £21m due to sales reaching £418m, while profits soared by 105 per cent. Trainline’s domestic [...]
No delays for pandemic recovery as London City Airport welcomes 35 per cent more passengers May 5, 2022 London City Airport has crowned April its busiest month since the pandemic, after the hub reported a 35 per cent increase on March levels. Over the last month, 256,000 people passed through London City’s gates, up on the 189,000 registered a month earlier. The airport – now at 61 per cent of 2019 levels – [...]
Bentley profit jumps 162 per cent despite lost cargo May 5, 2022 Bentley announced its first quarter profit jumped 162 per cent even though it lost 200 cars in a shipping fire. In the three months ended 31 March, the British luxury car maker posted a €170m (£144.4m) operating profit, while revenues went up to a total of €813m after returns per car increased 15 per cent, [...]
Most Londoners worried about TfL while third support extra road charges to save it from financial ‘black hole’ May 5, 2022 Most Londoners are worried about Transport for London’s (TfL) financial future, while a third support extra road charges as a way to save it from a £1.5bn financial “black hole.” According to a survey published yesterday by think tank Centre for London, 69 per cent of Londoners are worried about the financial future of TfL, [...]
