Elizabeth line: Direct services from Reading and Heathrow to central London will begin in November August 23, 2022 Businesses have welcomed the integration of Elizabeth line services from Heathrow, Reading and Shenfield from 6 November. “The upgraded services will be greatly welcomed by businesses across the Capital that rely on footfall more than ever before to help them navigate their recovery from Covid, cost of living pressures and rising inflation,” said Ruth Duston, [...]
Wood Group posts flat revenue but confident performance will improve in second half August 23, 2022 Engineering firm Wood has posted flat revenue after a decline in its projects and operations arms. In half year results for the six months ended 30 June 2022, the London-listed firm posted revenue of $2,561m, down 0.4 per cent on the $2,570m in the comparable period in 2021. Adjusted EBITDA fell 5.1 per cent to [...]
British Airways to cancel further flights up to the end of October August 22, 2022 British Airways has announced a further raft of flight cancellations between now and the end of October as the UK’s travel chaos continues. The airline has struggled with staff shortages and with airport Heathrow’s decision to cap passenger numbers until the end of October. A spokesperson for the airline said “the vast majority” of customers [...]
Eurostar boss steps down passing the baton to rail veteran Gwendoline Cazenave August 22, 2022 Gwendoline Cazenave will replace Jacques Damas as chief executive of Eurostar Group, as the French businessman steps down after two years at the rail operator’s helm. The railway veteran will officially take over on 1 October, having spent two decades working in the industry. A former executive at French state-owned rail company SNCF, Cazenave has [...]
UK supply chain under control despite strike, says port trade body August 22, 2022 Port trade body UK Major Ports Group said that, despite the ongoing eight-day strike at Felixstowe, the UK supply chain remains under control. Tim Morris, chief executive of UK Major Ports Group, told City PM that the impact on end consumers “might be less and more spread out than some people might think” as supply [...]
Wizz Air CFO steps down as airliner pursues post-lockdown expansion August 22, 2022 Wizz Air’s chief financial officer has stepped down, as the European airline pursues a pandemic turnaround following a recent loss of €285m. Jourik Hooghe has decided to exit the role to seek “opportunities outside of the company” according to a statement today. However, he will be available during until the end of December during the [...]
Avanti West Coast woes give train privatisation a bad name August 21, 2022 It is tempting to place the blame for the rail chaos gripping the country firmly at the feet of Mick Lynch and his twitter-friendly pals at the top of the unions, and it is true that much of it does indeed lie there. But on one particular line the operator should take their fair share [...]
Tube strike brings London to a standstill as Uber raises prices due to increased demand August 19, 2022 London has been paralysed by a strike from workers on the Underground, Overground and bus service, as private hire taxi services like Uber and Bolt raise prices due to increased demand. All London Underground lines are closed on Friday 19 August following a walk-out called by around 10,000 members of the RMT Union on the [...]
Electric vehicle charging points lag behind rapid car uptake in UK August 18, 2022 Just 107 local authorities across the UK have successfully applied for on-street charging points in the UK, despite claims that the government is trying to drive forward electric vehicle growth.
Unions slam P&O Ferries owner after it announces record £600m profits August 18, 2022 Unions have slammed the “corporate gangster” owners of P&O Ferries, who sacked 786 British workers this year, after the company announced record first half profits today. DP World recorded a first-half profit of $721m (£598m) – a 51.8 per cent year-on-year increase. Frances O’Grady, general secretary at the Trades Union Congress (TUC), told City PM [...]
