Toyota to leave UK if government bans hybrids July 31, 2022 Toyota has threatened to stop manufacturing in the UK if the government goes ahead with its plans to ban the sale of hybrid cars from 2030. The marquee told government officials the ban would constrain “manufacturing, retail and other business activities” as well as “future investment.” “If the government adopts an SZEC [significant zero emission [...]
Air traffic boss gets £1.2m bonus as industry battles with travel chaos July 31, 2022 Martin Rolfe, boss of government-backed air traffic control operator NATS, has received a £1.2m bonus as aviation continues to battle travel delays and disruption. The payment is part of a five-year bonus dated back to 2015, which was due to be paid in June 2020, the Sunday Telegraph reported first. But following the pandemic’s impact [...]
Network Rail chairman: Reconciliation is on the horizon between unions and rail bosses July 30, 2022 Reconciliation is on the horizon for British railways, Network Rail’s chairman has said, after disputes over pay between unions and bosses have trains at a halt. The RMT union last week rejected an eight per cent pay rise over the next two years, alongside 75 per cent off rail travel for family members, in what [...]
Aston Martin’s profits drop as supply chain disruption scuppers deliveries July 29, 2022 Luxury sports car seller Aston Martin today said its losses had more than doubled due to the impact of supply chain disruption in the first half of 2022. Aston Martin said its sales volumes dropped eight per cent from 2,901 in the first half of 2021 to 2,676 in the first half of 2022. The [...]
More than 3m UK households now live in fuel poverty as fears grow this number will double July 29, 2022 The chairwoman of the Committee on Fuel Poverty, Caroline Flint, said this morning close to 3.2m households are living in fuel poverty according to official statistics. “But those statistics were before these price increases happened and there are a number of organisations – National Energy Action and others – who are predicting it could double [...]
Back in black: Pandemic recovery of British Airways’ owner takes off in earnest as IAG pulls in £245m profit July 29, 2022 British Airways’ owner International Consolidated Airlines Group (IAG) has returned to profit for the first time since the start of the coronavirus pandemic. The group said it made an operating profit of 293 million euros (£245 million) between April and June, compared with a 967 million euro (£810 million) loss during the same period last [...]
Dock workers join industrial wave and call for strike at Felixstowe July 28, 2022 Members of the union Unite working at the port of Felixstowe have called for strike over salaries. The dock workers join the wave of industrial action which has led to what many call the “summer of discontent.” The union announced that 92 per cent of workers balloted voted in favour of walking out on an [...]
‘Extract as much as possible from North Sea oil fields’, says Jacob Rees-Mogg July 28, 2022 Jacob Rees-Mogg has said “we need to be extracting as much as we possibly can from our North Sea oil fields”. The Cabinet Office minister was asked on the BBC Radio 4’s World At One programme whether the extraordinary profits that energy companies have made should be redistributed given the pain many households are feeling [...]
Porsche IPO on track as Volkswagen maintains year outlook July 28, 2022 Porsche’s IPO remains on track, said Arno Antlitz, chief financial officer of parent company Volkswagen. According to the executive, the luxury marquee’s listing continues “with more emphasis than before” even after chief executive Herbert Diess stepped down last week. Diess, reports say, was fired over software development delays that set back the launch of new [...]
Businesses to receive boost following restoration of Night Tube services for first time since pandemic July 28, 2022 London businesses are set to receive a boost after Night Tube services have been restored in full for the first time since the pandemic. “As visitors and employees return to London, a safer and reliable mode of transport is a crucial service to help raise footfall and aid the economic recovery of our businesses,” said [...]
