Starmer says Johnson wants rail strikes so he can ‘feed off the division’ June 15, 2022 Boris Johnson wants this month’s widespread rail strikes to go ahead so he can “feed off the division” they will cause, Labour leader Sir Keir Starmer has said. Starmer said during Prime Minister’s Questions (PMQs) that “I don’t want the strikes to go ahead”, after a series of Tory attacks pinning the blame for the [...]
Go-Ahead shares fly after transport giant agrees £650m takeover by little-known Australian bus firm June 14, 2022 Shares of transport giant Go-Ahead are skyrocketing this morning after the company agreed to a £650m takeover by a consortium including an Australian bus operator. The UK-listed company, which runs London’s red buses on behalf of Transport for London, saw shares rise by almost 14 per cent to 1,540p this morning. It came after Go-Ahead [...]
First Group optimistic of returning bus passenger volumes amid takeover offer rejection June 14, 2022 Transport operator First Group has posted a £122.8m statutory operating profit from continuing operations while announcing a renewed national rail contract with the transport department for Great Western Railway. The new contract will commence when GWR’s current contractual agreement ends later this month, with a core three-year term to 2025. There will be an option [...]
Inflation and recession concoction sends global markets into the mire June 13, 2022 Mounting fears over the worst inflation crunch in recent history plunging the global economy into reverse sent the world’s biggest stock markets spiralling today. London’s FTSE 100 index slid 1.53 per cent, while the mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, shed 2.61 per cent. Investors have [...]
ATOME appoints engineer to oversee Paraguayan green project June 13, 2022 London-listed Atome Energy (ATOME) has named AECOM as the owner's engineer for its 60 MW renewable project in Paraguay.
Sadiq Khan sends letters to London Tory rebels calling for TfL support June 13, 2022 Sadiq Khan has sent letters to London Tory MPs who voted against Boris Johnson in last week’s leadership vote to ask them to lobby for improved Transport for London (TfL) funding. In an attempt to drive a further wedge between Johnson and his backbenchers, Khan said the MPs should “lobby the Prime Minister and the [...]
British Airways’ boss calls on ministers to take accountability over travel chaos June 12, 2022 The boss of British Airways’ owner Luis Gallego has pointed the finger of blame at the government after weeks of travel chaos have seen cancelled flights and lengthy airport queues. In an interview with The Sunday Times, the airlines chief said the government had to “take some accountability for all this,” referring to the shortage-induced [...]
Inflation jitters deal chilling blow to London markets June 10, 2022 Fears over inflation dealing a chilling blow to the global economy and the prospect of a more restrictive monetary policy environment weighed on London markets today. The capital’s premier FTSE 100 index dipped 0.94 per cent to 7,405.77 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the [...]
Exclusive: Protium enjoys record hydrogen funding round to power green ambitions June 10, 2022 Protium has enjoyed the largest ever funding round in the UK for a hydrogen energy company, securing over £40m of investment.
‘Summer of discontent’ looms as THIRD rail union threatens to strike and plunge country into travel mayhem June 10, 2022 The country has been plunged into further travel mayhem with rail drivers union TSSA set to join the train alongside RMT and Aslef. The organisation served notice to ballot hundreds of staff for strike action at Avanti West Coast, over pay, conditions and job security. Transport and Salaried Staffs’ Association (TSSA) General Secretary Manuel Cortes [...]