Urgent appeal after child’s ashes left in back of black cab in the City July 28, 2023 An urgent appeal has been launched after an urn with children’s ashes in it was left in the back of a Black Cab in the Square Mile. Canada Police is facilitating the plea to reunite the item with its owner, after it was left during a journey in the City in [...]
ULEZ: High Court backs London Mayor Sadiq Khan’s controversial emissions charge July 28, 2023 Sadiq Khan’s ULEZ plan got a major boost today after a court threw out a judicial review claiming the scheme to charge drivers who fail to meet emissions standards was unlawful. Plans to widen the ultra low emission zone (ULEZ), already in place across inner London, slated to expand throughout Greater London’s 32 boroughs from [...]
Bentley warns of ‘challenging conditions’ ahead as marque levels out following 2022 bonanza July 28, 2023 Bentley posted operating profits of €390m (£335.16m) today, down slightly on the same period in 2022, as the marque levelled out following last year’s earnings bonanza. The luxury carmaker also saw revenues decrease slightly, posting €1.68bn (£1.44bn) against a 2022 figure of €1.71bn (£1.46bn) amid a downturn in global sales of four per cent year-on-year. [...]
British Airways’ owner IAG commits to investing record profit of £1.1bn July 28, 2023 The parent company of British Airways made a record operating profit between January and June, it has announced. International Consolidated Airlines Group (IAG) said its operating profit in the first half of 2023 reached 1.3 billion euros (£1.1 billion), up from a loss of 446 million euros (£383 million) in the same period last year. [...]
TfL fined £10m for Croydon tram disaster failings July 27, 2023 Tram operators have been fined a total of £14m over the Croydon derailment which claimed the lives of seven passengers. Many more people were injured when a tram carrying 69 people derailed near the Sandilands stop on the morning of 9 November 2016. Transport for London (TfL) and Tram Operations Limited (TOL) have accepted failing [...]
Volkswagen ‘stepping up the pace’ of China transformation as profits dip July 27, 2023 Volkswagen saw revenue growth of 18 per cent to €156.3bn (£134.3bn) in its half-year results, as chip shortage supply chain issues eased and the group ramped up its EV production. However, this was not enough to offset a year-on-year dip in operating profits, which came in at €11.3bn (£9.69bn) down from €13.2bn (£11.32bn). The German [...]
Mobico shares tumble despite revenue jump as inflation and wage costs bite July 27, 2023 Mobico Group, formerly known as National Express, saw its revenue rise 18.5 per cent to £1.57bn in the first half of the year, as it benefited from rising passenger demand across the majority of its international networks. However, this was not enough to offset rising wage costs associated with inflation and the removal of a [...]
Wizz Air ordered to review years of falsely rejected compensation claims July 27, 2023 The Civil Aviation Authority (CAA) has taken unprecedented action against Wizz Air due to soaring complaints about the airline falsely refusing passenger compensation claims for flight disruption. The CAA said it has ordered Wizz Air to re-look at a string of claims made since 18 March 2022, meaning passengers who had claims incorrectly rejected “will [...]
British car production rebounds thanks to record electric vehicle boost July 27, 2023 UK car production jumped 11.7 per cent in the first six months of the year, industry figures show, marking a major rebound from the pandemic-induced lows of 2022. According to the Society of Motor Manufacturers and Traders (SMMT), 450,168 units were made in the six months from January, with June the fifth consecutive month of [...]
Airbus sees higher than expected profits buoyed by jet deliveries July 26, 2023 Airbus on Wednesday posted higher-than-expected underlying operating profit for the second quarter and reaffirmed its financial goals for the year, while narrowing down its focus for future production to a single 2026 target. The world’s largest planemaker said adjusted earnings before interest and tax rose 34 per cent to €1.85bn (£1.58bn) as revenues grew 24 per [...]
