TfL granted deadline extension as it looks at Govt proposal July 28, 2022 Transport for London (TfL) was granted a week extension of the current government funding. The public body was given until 3 August while it continues to revise a £3.6bn proposal put on the plate by transport secretary Grant Shapps last Friday. “We are considering whether the proposal from the government meets that need and if [...]
National Express ‘well-positioned’ for future as bus titan posts highest revenue increase in decade July 28, 2022 National Express said it was “well-positioned” for the future as the transport titan posted its biggest revenue increase in over a decade. “We’re well positioned to manage inflationary pressures and the potential impact of an economic downturn,” chief executive Ignacio Garat told analysts this morning. In the six months ended 30 June, National Express brought [...]
Tube money: Govt warns long-term funding proposal for Transport for London is ‘our final offer’ July 28, 2022 Transport Secretary Grant Shapps has warned that the long-term funding proposal made to Transport for London (TfL) is the Government’s “final offer”. The capital’s transport body has been reliant on money from the Government to keep services running during the coronavirus pandemic. The latest short-term funding agreement expires on Thursday. Mr Shapps wrote on Twitter: [...]
Travellers warned of two-hour queues at Dover ahead of ‘extremely busy’ weekend July 28, 2022 Travellers were warned of hour-long bottlenecks at Dover as thousands head to the port ahead of an “extremely busy” weekend. Ferry operators told customers to allow plenty of time for check-in, urging passengers to have all travel documents ready following last weekend’s “48 hours of hell.” “Please allow 120 minutes to complete Border control and [...]
Tsunami of new customers: 200,000 households flock to British Gas as competitors are wiped out but profits nearly halve July 28, 2022 British Gas welcomed more than 200,000 customers as some of the energy giant’s rivals went out of business in the first six months of the year. The business gained 158,000 new accounts when it took over the responsibility to sell gas and electricity to Together Energy’s customers. Together was one of around 30 suppliers that [...]
Car industry downgrades yearly output forecast amid semiconductor issues and Ukraine war July 28, 2022 The UK automotive industry has downgraded its production forecast for the year as global chip shortages and the war in Ukraine’s impact continue to bite. The Society of Motor Manufacturers and Traders (SMMT) told journalists today production will grow by 1 per cent. This means that 866,000 cars will be built by the end of [...]
Airbus adjusts jet delivery target as plane maker faces supply chain woes July 27, 2022 Airbus has adjusted its annual jet delivery forecast while it continues to battle supply chain woes. In its quarterly results, the EU plane maker lowered the year’s goal from 720 to 700 jets, adding it will reach its monthly production target of 65 narrow-body jets in 2024 instead of the summer of 2023. Its 2025 [...]
Labour sacks shadow transport minister who defied Starmer and joined picket line July 27, 2022 Labour has sacked shadow transport minister Sam Tarry from its front bench after he defied Sir Keir Starmer’s order not to join a picket line. The disciplinary action comes as 40,000 RMT Union members at 14 unions walked out today and tomorrow over pay and conditions. A Labour Party spokesperson said the decision “isn’t about [...]
Train drivers at nine companies announce strike on 13 August July 27, 2022 Members of the union Aslef working as train drivers at nine rail operators have announced a strike on 13 August over salaries. The industrial action will impact services on Greater Anglia, Great Western Railway, Hull Trains, London Overground, Southeastern, West Midlands, Avanti West Coast and Cross Country. Workers at the first seven operators are also [...]
Production delays and China lockdown constrain Jaguar’s profits July 27, 2022 Covid-induced production delays and the impact of China’s lockdown have constrained Jaguar Land Rover’s quarterly profits. In the three months ended 30 June, the luxury marquee posted a loss before tax of £524m, despite a record 200,000 client orders. This comes on the heels of its Indian owner, Tata Motors, suffered a loss of 50 [...]
