Ryanair flies into first profit in years despite merciless Ukraine beating in already ‘fragile’ market July 25, 2022 Ryanair has swung to a first-quarter profit despite airport disruption and a hit from the Ukraine war, but warned that the full-year outlook is unpredictable in a “fragile” market. The Irish airline reported profits after tax of £145m for the three months to June 30 against net losses of £233m a year ago as passenger [...]
SNP under fire for £5 deal with steel tycoon Sanjeev Gupta July 25, 2022 Scottish ministers are facing transparency calls after it was revealed a metal tycoon under investigation for fraud paid just £5 towards the acquisition of a Highlands smelting plant – with taxpayers financing the rest of the £330 million deal. Entrepreneur Sanjeev Gupta, chief executive of Liberty Steel, acquired the aluminium plant and two adjacent hydro [...]
Former airport chair takes aim at Willie Walsh July 24, 2022 The war of words enveloping the entire aviation industry descended further still this weekend after a former Heathrow chair and City grandee said former British Airways (BA) boss and now trade body chief Willie Walsh had “trashed a great brand and created a company that is a byword for poor service”. Sir Nigel Rudd accused [...]
French satellite company Eutelsat poised to snap up British rival OneWeb July 24, 2022 French satellite company Eutelsat is poised to buy British rival OneWeb in a deal which will see the UK brought together with French and Chinese governments as common shareholders.
Rail union boss Mick Lynch warns strikes could ‘last for months’ July 24, 2022 Crippling strikes are likely to last for months longer if rail companies do not make improved pay offers for its workers, rail union boss Mick Lynch has said. Lynch, secretary-general of the National Union of Rail, Maritime and Transport Workers (RMT), today also warned there likely would be a “rolling campaign of trade union activity” [...]
HS2 is a ‘killer whale’ for next PM, says cabinet minister July 24, 2022 The HS2 rail project will be a “killer whale” for the next UK Prime Minister and “could “rip the arm” off their administration, according to Cabinet Office minister Kit Malthouse. Malthouse urged Rishi Sunak and Liz Truss to ensure “we’ve got the risk assessed properly” on the near £100bn high speed rail line that will [...]
Travel rebound buoying demand at Rolls-Royce, chief says July 24, 2022 The outgoing boss of Rolls-Royce Warren East said a rebound in air travel after covid was buoying demand at the jet-engine maker as he issued a bullish outlook for aviation in the face of a global recession.
Travellers warned of another ‘very busy day’ at Dover as Truss calls on France to act July 23, 2022 Dover authorities have warned travellers to expect another “very busy day” at the port, as around 10,000 cars are to be processed today. “Yesterday we processed about 8,500 cars going out,” chief executive Doug Bannister told BBC Radio 4’s Today programme. “Today we were predicted to be around 10,000 so it is going to be [...]
Long overdue: TfL reviews government funding proposal July 23, 2022 Transport for London (TfL) is currently reviewing a long-term funding proposal put on the table by the Department for Transport (DfT) yesterday. The move comes just a few days before the latest short-term extension from central government was coming to an end. “I’ve put a long-term settlement on the table to ensure services are supported [...]
French border police blames ‘unexpected’ incident for Dover bottlenecks July 22, 2022 The French border police has blamed an “unexpected technical” incident for the hour-long bottlenecks at the port of Dover. Authorities said they will work closely with the UK counterparts to handle surging traffic levels. The remarks come after the Port of Dover said the queues were caused by “inadequate French border capacity.” “Resource at the [...]
