City darling Hg Capital pockets £1.6bn as LSE-listed fund sells cloud business to German rival December 13, 2022 City investor Hg confirmed to City PM this morning the sale of Transporeon, a cloud-based transportation management software platform, to rival Trimble in a transaction valuing the business at around €1.88bn, or £1.62bn. Transporeon provides cloud-based logistics and transport management platform, enabling automation, real-time insights and collaboration on €48bn of annual freight. The sale marks the [...]
Energy bosses laughing all the way to the bank as Brits face record energy bills amid cold weather December 13, 2022 Millions of British households are expected to rake up record energy bills as have been warned their energy bills may skyrocket over the next few days as the cold weather continues to dominate the UK. It comes as the Met Office and UK Health Security Agency (UKHSA) issued a severe cold weather alert for England [...]
Rail strikes: More competition could see unrest become a thing of the past December 12, 2022 Government cannot continue to abdicate responsibility - it is time to bang some heads together to end the rail strikes
Maersk appoints logistics boss Vincent Clerc to top job December 12, 2022 Maersk has appointed shipping veteran Vincent Clerc to the top job as outgoing boss Soren Skou stepped down after over six years at the company’s helm. Chairman Robert M. Uggla said Clerc – who has led Maersk’s ocean and logistics branch since 2019 and will take over from Skou on 1 January – was the [...]
Snow chaos: Disruption across London continues with severe delays on tube lines December 12, 2022 Disruption across London’s transport network continued throughout the day following last night’s heavy snow. Services across the wider tube network were affected by severe delays, especially on the Central, Jubilee and Piccadilly lines. Minor delays were reported on the District, Hammersmith & City, Victoria and Northern lines as well as on the Overground between Euston [...]
Network Rail Christmas strike to go on as workers reject pay offer December 12, 2022 The strikes planned on Network Rail over the Christmas period are set to go on as members of the union RMT have rejected the company’s latest pay offer. Thousands of rail workers will walk out between 6pm on Christmas Eve and 6am on 27 December, disrupting planned engineering works. This will be in addition to [...]
Rivian puts EV venture with Mercedes on hold to focus on US operations December 12, 2022 Rivian has put its plans to create an electric van joint venture with Mercedes on hold to focus on its US operations. The electric van maker announced today it was pressing the pause button on the project to instead focus on its existing US business – which include a contract to supply Amazon 100,000 delivery [...]
Ryanair to compensate travellers for 2018 strikes after Supreme Court appeal dropped December 12, 2022 Ryanair is set to compensate travellers for strikes that took place over four years ago after it dropped a UK Supreme Court appeal. “Ryanair’s decision to discontinue the Supreme Court appeal of the Court of Appeal judgement means that affected passengers will now be able to make a claim for compensation,” said Paul Smith, consumer [...]
Heathrow assures Border Force strikes won’t impact travellers as activity falls December 12, 2022 Heathrow has assured travellers that their journeys will be unaffected by Border Force strikes, as the number of people using the airport falls. Last week, Border Force staff working at several UK airports agreed to strike over the Christmas period in a long-standing dispute over jobs and pay. Members of the union PCS will walk [...]
RMT doesn’t exclude chance of new tube strikes as members renew mandate December 8, 2022 The RMT has not excluded the chance of new strike action on the tube network as it received another six-month strike mandate from London Underground workers. General secretary Mick Lynch has urged London Underground and mayor Sadiq Khan to sit down with the union “so we can bring this dispute to a resolution.” “If a [...]
