End of an era: Van Beurden leaving as Shell CEO after a decade as gas chief Sawan takes over September 15, 2022 Oil and energy giant Shell confirmed this morning that its chief executive will step down later this year after close to a decade in the top job. Ben van Beurden will hand over the reins to the company’s Canadian director of integrated gas, renewables and energy solutions, Wael Sawan. After resigning as chief executive at [...]
Trainline ticket sales boom as travel app focuses on international expansion September 15, 2022 Trainline said group net ticket sales rocket as the travel firm makes a steady post-pandemic recovery, as it focuses on international expansion amid UK train strike disruption. The online ticketing platform said in its half year results that group net ticket sales grew 116 per cent year-on-year (YoY) to £2.2bn, 17 per cent higher than pre-COVID levels. [...]
Heathrow leads EU airports’ charge as passenger volumes treble September 14, 2022 Heathrow is leading the passenger traffic charge at EU airports, as numbers increased by more than 300 per cent in July. Data published today from aviation trade body ACI Europe showed that in July the west London hub was ahead of EU airports, as it reported 6.3 million passengers. On the other hand, Paris Charles [...]
Lufthansa returns private as Berlin offloads remaining stake September 14, 2022 Lufthansa has announced its return to private ownership after the German government sold its remaining 20 per cent in the carrier. “This brings the stabilisation of Lufthansa to a successful conclusion,” said chief executive Carsten Spohr. “Lufthansa is once again fully in private hands.” During the pandemic, the company was saved from bankruptcy by a [...]
‘Harder than the Olympics’: TfL chief on logistics of Queen commemorations September 14, 2022 Transport for London boss Andy Byford has said the network will work hard to deliver a good service for the Queen's commemorations
Former Aston Martin dealers file £150m lawsuit over Valkyrie underwriting September 14, 2022 A couple of ex Aston Martin dealers have launched a £150m lawsuit against the luxury car maker over the underwriting of the Valkyrie model. Switzerland-based Nebula Project AG filed a private arbitration case in London, as it argued that it was owed royalty payments worth 3 per cent, sources told the Financial Times. “We are [...]
Aviation regulator restricts flying over London ahead of Queen’s funeral September 13, 2022 The UK aviation regulator has set curtailed the country’s airspace ahead of the Queen’s funeral and mourning period. The CAA announced today it had restricted flying over central London between 9 and 19 September as well as between Balmoral Castle and Holyroodhouse from Saturday until today. The restrictions are also applicable to drones. Under the [...]
Eurowag admitted to FTSE250 following Frasers’ comeback to FTSE100 September 13, 2022 Eurowag was admitted today to the FTSE250 Index after Sports Direct’s owner Frasers made a comeback to FTSE100. “Having listed on the London Stock Exchange in October 2021, the inclusion in the FTSE 250 Index further highlights Eurowag’s credentials as a public company,”said Martin Vohanka, chief executive of the Czech tech platform, on Tuesday. “With [...]
Congestion to hit London as mourners flock in their thousands September 13, 2022 Congestion is expected to hit London as hundreds of thousands of mourners flock to the capital to pay their respects to the Queen. There are currently up to 750,000 people lining the streets of Westminster queuing to see the Queen’s coffin, in contrast with Westminster Hall’s capacity to process 350,000. Network Rail stations across London [...]
Fresh wave of strikes at Felixstowe as workers walk out at end of month September 13, 2022 A fresh wave of strikes is set to hit the port of Felixstowe later this month, with workers walking out from 27 September to 5 October. This will take place following the official mourning period for the Queen’s death. The union Unite announced today 82 per cent of staff voted in favour of rejecting the [...]
