Bentley’s profits more than double to £495.5m despite global headwinds November 2, 2022 Bentley’s profits have more than doubled to €575m (£495.5m) despite ongoing industry and economic headwinds. In the nine months ended 30 September, the luxury car maker’s earnings soared by 109 per cent, while return on sales surged to 23.1 per cent – the highest in the UK marque’s 103-year history. Revenue went up 28 per [...]
Union postpones next week’s strike to allow ‘constructive discussions’ with Network Rail November 1, 2022 The rail union TSSA has postponed next week’s strikes at Network Rail to allow for “constructive, intensive and detailed discussions to continue.” Involving thousands of workers, the strikes were supposed to take place on Saturday, Monday and Wednesday next week. Nevertheless, workers at Avanti West Coast, East Midlands Railway, c2c, South Western Railway and Southeastern [...]
Net-zero bus maker Wrightbus bags £26m gov-backed funding to expand into EU and Asia November 1, 2022 Bus maker Wrightbus has bagged £26m in government-backed funding to expand its operations into Europe and South-East Asia. Under the agreement’s terms, the UK Export Finance will indemnify an £18m Green Trade loan as well as an £8m Green Bank guarantee provided by Barclays. “It’s fantastic to see Great British companies like Wrightbus take full [...]
Toyota slashes car production target as profit slumps by 25 per cent due to headwinds November 1, 2022 Toyota has slashed its production target for the year as its quarterly profit slumped by 25 per cent due to a combination of industry and economic headwinds. The Japanese automotive powerhouse has posted an operating profit of 562.7bn yen (£3.3bn) for the three months ended 30 September. This was down on the 750bn yen reported [...]
TfL criticised for charging over-60s £10 to prove they live in London November 1, 2022 TfL’s decision to charge 60+ Oyster card holders £10 annually to prove they still reside in London has caused a stir, as one user branded it a “scam.” Ghanashyam Master told MyLondon he now has to pay £20 to get a new card after he failed to pay the £10 fee by 16 October. “Trying [...]
Ryanair tells passengers to brace for disruption over website and app outage on 8 November November 1, 2022 Passengers have been urged to check in early as Ryanair’s website and app are set to undergo maintenance works later this month. The low-cost carrier has announced the website will be down for 11 hours between 6pm on Tuesday 8 November to 5am on Wednesday 9 November. “Due to planned maintenance, Ryanair website / app [...]
Soaring energy bills putting off 70 per cent of drivers from getting an EV November 1, 2022 Energy bill hikes are putting potential drivers of electrical vehicles off, as the AA’s president warns it will hamper progress to cleaner driving. More than 70 per cent of drivers considering switching to a zero-emissions vehicle have been deterred by switching to an EV due to soaring costs of electricity. An AA poll of more [...]
Local cabbie prices could spiral following Uber lawsuit over VAT November 1, 2022 Taxi firms could be forced to up their prices by a fifth as Uber calls for cabbies across the country to pay VAT on their journeys. A High Court hearing is expected to be handed down this week after the ride-hailing giant sued Sefton Council about VAT terms operating outside of London. Since the 1970s, [...]
London’s businesses need more affordable housing for their young staff October 31, 2022 Few of Britain’s problems could not be solved by putting shovels into the ground. Nowhere is that more true than when it comes to housing – a shortage that could, if left unchecked, become a brake on the entire country’s economic growth. On our front page today we report on a potential fall in London [...]
Airbus warns of ‘material adverse impact’ from Qatar Airways lawsuit October 30, 2022 Plane manufacturer Airbus has warned investors it faces “material adverse impact” as the result of an ongoing court battle with Qatar Airways, over the Qatari airline’s claims it was forced to ground multiple aircraft due to an underlying “design defect” in Airbus’ planes. In a financial statement, Airbus said Qatar Airways’ lawsuit could have an [...]
