TfL tells union financial recovery at risk if Tube strikes go ahead August 3, 2022 Transport for London (TfL) has called on the union RMT to cancel the Tube strike on 19 August as walking out will only increase the public body’s financial risks. “I need to be really clear with you, that taking further industrial action at this time will do nothing but undermine our negotiations with government and [...]
London Southend appoints former No1 Lounges boss John Upton to top position August 3, 2022 London Southend airport has appointed John Upton, former boss of international lounge company No1 Lounges, as chief executive. Upton – whose tenure will begin in September – will replace Glyn Jones, who has been at the airport’s helm for the last seven years. Jones – who has stepped down following the airport’s reopening to passengers [...]
TfL long-term funding discussions drag on August 3, 2022 Discussions over the long-term funding of Transport for London (TfL) have dragged on, as the latest round of government funding was set to expire today. TfL’s commissioner Andy Byford said the public body was still “in active discussion” with government officials to ensure that the funding proposal made was “fair and deliverable.” “We hope these [...]
Hosepipe ban introduced in Kent and Sussex as UK faces drought fears August 3, 2022 Residents in Kent and Sussex have been hit with a hosepipe and sprinklers ban, with South East Water introducing the measure to tackle dry weather. The water company is the second firm to launch such a ban, with the measure taking effect from Friday 12 August. England saw its driest July since 1935 last month, [...]
City giant under fire: BP’s £6.9bn profit labelled ‘obscene’ as energy bills and living costs skyrocket August 2, 2022 After oil giant BP said this morning that it made almost £7bn in profit, the result has been labbeled as “obscene”. Earlier today the company announced underlying replacement cost profits – its preferred measure – jumped to a far better-than-expected $8.5bn (£6.9bn) for the three months to June 30. But the announcement has caused anger [...]
Confirmed: Tube and Overground strike to go ahead on 19 August August 2, 2022 The union RMT representing Tube and Overground workers announced the strike planned for 19 August, which was called last week, will go ahead. The announcement comes a day before the latest government funding deadline extension expires. The union confirmed that more than 10,000 workers will walk out as part of two different disputes, with Tube [...]
BA extends ticket sale suspension for short-haul flights from Heathrow to 15 August August 2, 2022 British Airways (BA) has extended its ticket sale suspension for short-haul flights from Heathrow until 15 August. “We took pre-emptive action to reduce our schedule this summer to give customers certainty about their travel plans and to build more resilience into our operation given the ongoing challenges facing the entire aviation industry,” the airline said [...]
Cazoo CFO steps down as company reports £243m half-year loss August 2, 2022 Cazoo has announced its chief financial officer Stephen Morana will step down at the end of the year as the company reported a half-year loss of £243m. Morana will be replaced in the fourth quarter of this year by Graphcore finance boss Paul Woolf. “I would like to thank Stephen for his notable contributions, including [...]
Uber rides out inflation storm as it posts first positive quarterly cash flow ever August 2, 2022 Uber appeared to defy inflationary woes as the ride-hailing posted a positive quarterly cash flow for the first time.
Tesco joins petrol pump war with 6.5p cut to unleaded after Asda’s 9p drop August 2, 2022 Tesco has slashed its prices for petrol to help customers manage with the cost of living crisis. The supermarket giant said the price of unleaded is set to fall by 6.5p and diesel by 4.5p, as many consumers and businesses continue to struggle with rising energy costs. “We know how tough rising fuel bills have [...]
