Driving seat: Uber picks up former British Airways exec as UK lead April 19, 2022 A former Aviva and British Airways executive has been selected to take a role in the driving seat of Uber's UK division.
P&O could face bankruptcy following insurance increase, analysts warn April 19, 2022 P&O could face bankruptcy, analysts told City A.M. as they warned a drop in the ferry operator’s safety rating is set to see its insurance bills soar. The company faces a “sky-high insurance bill” after its safety ratings sank to the “riskiest bracket,” in the face of mounting scrutiny from the UK government over its [...]
Government announces half-price rail fares to help with living costs squeeze April 19, 2022 The UK Government is set to slash rail fares by 50 per cent to help struggling Brits with the cost of living squeeze. Transport secretary Grant Shapps announced more than one million train tickets will be reduced to help Britons afford trips across the UK and boost domestic tourism. The scheme is run on a [...]
Most employees push for remote working following fuel price surge April 18, 2022 Most employees are pushing for remote working patterns as a result of the surge in fuel prices. According to 3,000 people survey by recruiter Randstad, nine out of 10 cite the cost-of-living crisis, and in particular hiking fuel prices, as the main reason for remote working. “For people who have to drive, being hit by [...]
“Now or never” for climate change mitigation, IPCC warns April 13, 2022 The next few years are critical in the fight against climate change, according to the third instalment of the UN’s latest sixth landmark report. Its global assessment of global climate change, which will be completed this year, has warned that without deep and immediate emissions reductions across all sectors, limiting global warming to 1.5 degrees [...]
The City View: Victoria Scholar on rising prices, unemployment and retail sales data; and XR cause Lloyd’s of London HQ shutdown April 12, 2022 Today Andy Silvester talks to Victoria Scholar, Head of Investment at Interactive Investor. They go through some of the week’s economics data on GDP, unemployment, retail sales, and talk trading updates. They discuss the latest from ASOS, Deliveroo, and EasyJet: ASOS is facing a raft of headwinds, as investors lose confidence in the online retailer; [...]
Subscriber growth and customer wins power Microlise’s rebounding revenues April 12, 2022 Software solutions specialists Microlise have enjoyed a 17 per cent boost in revenues, raking in £60.3m over the calendar year of 2021.
Warehouse boom amid online shopping frenzy as construction bill hits highest level since 1985 April 11, 2022 The UK is in the throes of a warehouse boom after roaring demand for e-commerce businesses was accelerated during the pandemic. The Office for National Statistics (ONS) revealed on Monday that the UK’s transport, logistics and warehousing sector has almost doubled since 2011. This makes it the country’s fastest-growing sector, outpacing information and communication. Logistics [...]
Network Rail invests £2m to clean ‘eyesore’ graffiti on railways April 11, 2022 Network Rail announced today it was investing £2m to clean “eyesore” graffiti on south-east London railway infrastructure. The company’s cleaning teams removed and painted over the graffiti, applying an anti-graffiti paint to deter people from vandalising the same areas – including Hungerford Bridge – in the future. “Everyone should feel safe when travelling on our [...]
Commuters face delays as Metropolitan line undergoes safety checks April 11, 2022 Commuters on the Metropolitan line are facing severe disruption today due to safety checks being carried out aboard trains. Londoners are expected to experience massive delays between Baker Street and Aldgate, while minor hold-ups are reported on the rest of the line. Transport for London (TfL) introduced a new timeline after it has identified issues [...]