Shares in shipping services giant Clarkson soar after reporting profits of no less than £42m July 13, 2022 Shares in FTSE 250 shipping services company Clarkson soared by 11 per cent today after the business said it had a “strong” opening to the year, and promised shareholders it would beat expectations in 2022. The company expects to report underlying pre-tax profit of no less than £42m in the six months to the end [...]
RMT announces ANOTHER rail strike on 27 July July 13, 2022 RMT union members have announced they will strike on 27 July after they rejected a “paltry” offer from Network Rail. The 24 hour walk out affects both the government-owned operator and 13 other firms. Network Rail workers will strike from 2am while those employed at the other companies – including Govia Thameslink – will walk [...]
Network Rail deems agency workers’ proposal will have ‘limited if no effect’ on strikes short term July 13, 2022 Network Rail has deemed that the government’s proposal to replace striking staff with agency workers will have “limited if no effect in the short term.” “I think we’ve been clear that [changing the legislation] is likely to have limited if no effect in the short-term and it’s likely to have a limited effect in the [...]
Last-minute funding deal for TfL but still no sign of long-term agreement July 13, 2022 Transport for London (TfL) has received yet another short-term extension to its funding deal from central government just hours before an existing bailout was set to expire. “We have today agreed with the government that our existing funding agreement will be extended until 28 July 2022 so these discussions can be continued,” the public body said today. It [...]
Heatwave travel disruption: Train speed limits amid track buckling and increase in car breakdowns July 13, 2022 Network Rail has announced it will set a speed limit on trains amid the possibility of tracks buckling due to soaring soaring temperatures. The government-owned train operator explained that steel tracks are usually 20 degrees hotter compared with atmospheric temperatures. When air temperatures reach 30 degrees tracks could go up to 50 degrees, causing them [...]
Heat warning to passengers after London train track bursts into flames July 12, 2022 Traintracks on a London line near Battersea burst into flames as the UK-wide heatwave continue. Fire services were called and a London train service was paused after flames engulfed the wooden beams on a track in South London on Monday. Managing Director of Southeastern Railway, Steve White, took to social media to share a picture [...]
AerCap sues AIG for $3.5bn over aircraft lost in Russia July 12, 2022 AerCap, the world’s largest aircraft lessor, has recently sued AIG and other insurers following a $3.5bn all-risk claim filed in March over aircraft lost in Russia. The company argued in the UK’s High Court that insurers owed AerCap the amount as part of the “all risk” insurance policy it adopted. According to the Dublin-based company, [...]
Plan to replace striking workers with agency staff branded ‘unethical and morally reprehensible’ by RMT July 12, 2022 The RMT trade union has condemned plans backed by MPs which would allow striking workers to be replaced with agency staff. The measure was voted in Commons on Monday night by a majority of 87 votes, 289 to 202, with the union’s general secretary Mick Lynch calling it “unethical and morally reprehensible”. According to the [...]
Airlines to stop selling tickets as Heathrow puts 100,000 daily passenger cap July 12, 2022 Heathrow has asked airlines to stop selling summer tickets, as it was forced to cap the number of daily passengers to deal with travel mayhem. The airport’s cap – introduced from today until 11 September – will amount to 100,000 departing passengers per day. Commenting on the decision, aviation analyst Sally Gethin told City PM: [...]
TfL to open first new Overground stop since 2015 July 12, 2022 Transport for London (TfL) will open its first new Overground stop since 2015 on Monday. The 4.5km Barking Riverside extension will connect the area’s new developments to Barking city centre in seven minutes, drastically improving commuting times. A total of four trains per hour will operate along the line, connecting the riverside to the District [...]
