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Breaking News
Hunt hits back at recession ‘declinism’

Transport and infrastructure

  • Elon Musk: Twitter a ‘powerful tool’ to drive Tesla’s demand as car maker’s revenue soars to $24.3bn

    January 26, 2023

    Twitter is “an incredibly powerful tool” to drive Tesla’s demand, according to chief executive Elon Musk.  “I really encourage all kinds of automotive companies to use their Twitter accounts in ways that are interesting, informative and entertaining and it will help drive sales just as it has with Tesla,” Musk told investors on Wednesday night.  [...]

  • UK car production at its lowest for 67 years, but EVs soar ahead with £10bn of exports alone

    January 26, 2023

    UK car production fell to its lowest level since 1956 last year as output was hit by global shortages of semiconductor chips, figures show. A total of 775,014 cars were built in 2022, down 9.8 per cent from the 859,575 made during the previous year, the Society of Motor Manufacturers and Traders (SMMT) said. December [...]

  • Boeing posts positive free cash flow for first time since 2018 as losses go up

    January 25, 2023

    Boeing has posted a positive free cash flow for the first time since 2018 despite higher net losses. The US plane maker today reported a $2.3bn (£1.9bn) free cash flow for the whole of 2022, up from a loss of $4.4bn the previous year.  Meanwhile, free cash flow for the three months ended 31 December [...]

  • Jaguar Land Rover returns to profit for first time in nearly two years as easing of chip shortage fuels production boom

    January 25, 2023

    Jaguar Land Rover returned to profitability for the first time in almost two years, as the easing of a long-running chip shortage has fuelled a surge in production volumes. Semiconductor are a car’s integral component, as they are used in key features such as sensors. The British car-maker came back into black, which it hasn’t [...]

  • Easyjet slims losses to £133m as it dreams of profitability with Easter and summer bookings already flying high

    January 25, 2023

    Easyjet expects to deliver a full-year profit after shrinking its quarterly losses by 37 per cent, the company said today, as chief executive Johan Lundgren remained positive about the airline’s preparedness to deal with higher passenger levels this summer. The low-cost carrier announced today that its loss before tax in the three months ended 31 [...]

  • Rise of the TW*Ts: TfL reveals tumble in Friday morning commuters, but night owls coming back to the capital

    January 24, 2023

    Mondays and Fridays are the quietest days on London’s tube network in a sign that post-Covid hybrid working patterns are here to stay. Data published by Transport for London (TfL) showed a 13 per cent dip in passenger numbers on any given Monday between October and December 2022 compared to the rest of the week. [...]

  • Crown Estates sues Twitter over unpaid rent of its Piccadilly Circus HQ

    January 24, 2023

    Twitter is being sued by the Crown Estates over unpaid rent relating to its Piccadilly Circus-based headquarters building. The Crown Estates manages property for King Charles III and the monarchy, which includes the 10m sq Twitter headquarters in central London. The estate filed the claim against Twitter Inc, which is also facing legal action over [...]

  • Eurostar announces new name and brand identity – as Eurostar

    January 24, 2023

    Eurostar has unveiled its new brand identity complete with a logo, symbol and name: Eurostar.  The high-speed rail line’s regeneration includes bringing in  French-Belgian high-speed train operator  Thalys and Eurostar under one company name, the Eurostar Group.  Announcing the move on Tuesday, all of its 51 trains will carry a new star symbol by the [...]

  • Eurostar forced to leave hundreds of seats empty on London routes to avoid Brexit-induced long queues

    January 24, 2023

    Eurostar is being forced to leave hundreds of seats empty on trains to and from London to avoid long queues at stations, the cross-Channel train operator said. Chief executive Gwendoline Cazenave said a reduction in the number of border officials is driving an almost 30% increase in the time it takes to process passengers departing [...]

  • Fire and rehire: New government rules will not stop another P&O scandal, claim unions

    January 24, 2023

    New rules against so-called “fire and rehire” practices in wake of the P&O scandal will not stop it from being repeated, trade unions have warned. Ministers have launched a consultation for a new code of practice for all employers, which would set out companies’ responsibilities when they seek to change contractual terms.  The government is [...]

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