‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
Eurostar cancels Paris-London services as strikes hit France October 18, 2022 Eurostar has cancelled trains between Paris and London as nation-wide strikes hit France. The train operator was forced to axe today’s 11.13am and 4.13pm services to London as well as the 1.31pm and 7.01pm trains to Paris, as thousands of French transport workers walked out in a dispute over pay. “Travellers booked on a cancelled [...]
Unions hit back against minimum service levels measures October 16, 2022 Unions have hit back against the government’s decision to press ahead with ensuring minimum service levels during transport strikes. Train drivers’ union Aslef said the measure is doomed to fail as it would only increase chaos at stations. “What happens when 100 per cent of passengers try to get on 40 per cent minimum service [...]
Hotelier: Rail strikes cost me half a million – it’s time to get round the table October 14, 2022 As if life wasn’t tough enough for the hospitality industry as it recovers from the pandemic and battles through economic headwinds, for Tony Matharu – owner of three hotels across London – there is another growing concern – rail strikes. “Strikes are difficult for all businesses, especially rail strikes which negatively impact most businesses.” We [...]
Workspace says office demand remains strong despite strike disruption and extreme weather October 13, 2022 Workspace said demand for office space in the second quarter remained resilient, despite extreme hot weather and tube and rail strike disruption. The flexible working space firm reported strong conversion of demand into lettings with 317 lettings completed in the quarter and 642 lettings in the first half, with a total rental value of £17.5m [...]
Greencore profit held back by rail strikes and bank holiday October 11, 2022 Food manufacturing giant Greencore has seen profits dented by rail strikes and the bank holiday for the Queen’s funeral in September. In a fourth quarter and full year trading update, the convenience food maker placed its adjusted operating profit at the lower range of £72-77m. The London-listed firm said it had been forced to absorb [...]
RMT’s Mick Lynch: ‘We will be in this for as long as it takes’ October 9, 2022 Mick Lynch, secretary general of transport union RMT, said railway workers and their union representatives will continue to fight over better working conditions for “as long as it takes.” More than 40,000 RMT members working at Network Rail and 15 other operators walked out on Saturday in a long-standing dispute over jobs, working conditions and [...]
Watchdog: Network Rail staff paid more than market rates October 6, 2022 Network Rail maintenance earn around a fifth more than similar roles in the rest of the industry, Data published today by rail watchdog the Office for Rail and Road (ORR) showed that the average total reward – which include pension costs and other measurable benefits – was 18 per cent above the average. The analysis [...]
Union bosses warn of further strikes despite ‘different face’ to government October 5, 2022 Union bosses have warned of further action potentially taking place despite a “different face” to the government. Mick Lynch, general secretary of union RMT, said there could be additional transport strikes if a settlement between rail workers and train operators is not reached. “We’re reballoting now to get a fresh mandate for the next six [...]
Wednesday from hell for millions of Brits as rail strike gets underway October 5, 2022 Millions of train travellers brace themselves for major chaos today due to another strike in the long-running dispute over pay, jobs and conditions. Members of the drivers’ union Aslef and the Transport Salaried Staffs Association (TSSA) will walk out, causing huge disruption to services with millions of Brits expected to work from home. Aslef general [...]
Truss eyes up new limits to public sector strike action October 5, 2022 As another day of train strikes begins from Aslef, Liz Truss is reportedly planning measures to curbs mass walkouts. As reported by The Times, the prime minister is considering a radical extension of laws that ensure a minimum service during rail strikes, which she hopes could apply across the public sector. It said business secretary [...]