EU airfares return back in line with pre-pandemic normal September 6, 2022 Airfares in Europe have gone back in line with the pre-pandemic normal, according to data released today. “Pricing in Europe appears to be in line with pre-pandemic rates of 2017-2019, indicating that after a busy summer period the industry has been able to recover to somewhat normal levels,” said Elise Weber, chief executive of airfare [...]
Porsche: Listing going ahead unless ‘severe geopolitical problems’ arise September 6, 2022 Porsche’s listing will go ahead unless “severe geopolitical problems” arise, according to chief financial officer Lutz Meschke. “You never know what will happen regarding geopolitical issues, but if a potential IPO would be stopped now, we are talking about severe problems,” Meschke said on Tuesday during a media call. “By then, a potential IPO would [...]
Construction sector shrinks for second month in a row as recession signals brighten September 6, 2022 Construction activity shrank for the second month in a row in a sign the UK economy’s malaise is spreading to every sector, a closely watched survey published today showed. S&P Global and the Chartered Institute of Procurement and Supply’s purchasing managers’ index (PMI) edged higher to 49.2 last month, up from 48.9 in July. Despite [...]
Vertu Motors registers profit increase but warns of rising electricity bill September 6, 2022 Vertu Motors said it is facing a rise in its electricity bill from the start of October, as it and many other companies see their fixed-price energy deals run out. The business revealed that it is paying below market rate at the moment for its power, but this will change shortly. “It should be noted [...]
Go-Ahead hit by cyber security incident but says rail services ‘operating normally’ September 6, 2022 Go-Ahead has been hit by a cyber security incident after unauthorised activity was detected on its network yesterday, the bus operator revealed. The public transport operator stated there was “no impact on UK or international rail services which are operating normally.” Go-Ahead said it “immediately engaged external forensic specialists” after the hack was discovered and [...]
TransPennine joins Avanti and cut services due to staffing shortages September 5, 2022 TransPennine Express has announced it will cut around one in four services from 12 September as a result of staff shortages. It is the second train company forced to alter its schedule in a matter of weeks, after Avanti West Coast axed most trains between London and Manchester following staffing issues. TransPennine routes will be [...]
Tap in: Lioness Chloe Kelly honoured with special bus ride September 5, 2022 TfL has honoured Lioness Chloe Kelly for her role in winning the Euro 2022 final with a bus ride displaying her name. The 24-year-old on Monday took the 92 bus to Wembley stadium where she was greeted by several posters depicting her connection to the route. “I used to take the 92 bus as a [...]
Porsche: IPO key to Volkswagen’s electrification strategy September 5, 2022 Porsche’s IPO is key to funding Volkswagen’s €52bn electrification strategy, Volkswagen executives said ahead of today’s board meeting. In an internal interview published on Monday, the group’s chief operating officer Arno Antlitz said the proceedings “would give us [Volkswagen] more flexibility to further accelerate the transformation,” as the German car maker aims to overtake Tesla [...]
Heathrow Express passengers can soon book train tickets through Uber September 5, 2022 Passengers on the Heathrow Express will soon be able to book train tickets through Uber following a partnership between the two services. The collaboration is part of Uber’s new feature Uber Travel, which aims to transform Uber into a multi-modal smart travel app. The feature is already available in cities across North America. “We have [...]
Sigh of relief in Britain’s automotive space as new car market stabilises after months of decline September 5, 2022 New figures show this morning that months of decline in the new car market has come to a halt. Registrations of new cars increased by 1.2 per cent last month compared with August 2021, according to the Society of Motor Manufacturers and Traders (SMMT). Some 68,858 new cars were registered in the first monthly growth [...]
