Nowhere to go: One in three Brits fear ending up homeless or ‘sofa surfing’ within next five years June 7, 2022 Nearly one in three Brits are concerned they may end up homeless in the next five years due to housing costs. Some 31 per cent of people polled for Amnesty International UK said they are worried about ending up sofa-surfing or in temporary accommodation. It likened navigating England’s housing system to undertaking a “gruelling obstacle [...]
Hordes of Brits left stranded as travel bloodbath deepens: EasyJet drops 35 flights and BA cancels 124 today alone June 7, 2022 The travel crisis that has gripped the UK for weeks rages on today as thousands of airline passengers face more disruption as widespread flight cancellations continue. EasyJet said this morning it has cancelled at least 35 flights, with Gatwick the worst affected airport. British Airways cancelled 124 Heathrow flights, although the airline said affected passengers [...]
US issues seizure warrant for two planes ‘owned and controlled by Roman Abramovich’ worth £320m June 7, 2022 The United States has issued a warrant for the seizure of two jets owned by Roman Abramovich worth £320m ($400m). The ex-Chelsea owner’s $350m Boeing and $60m Gulfstream are now “subject to seizure and forfeiture” owing to violations of export controls set up by Joe Biden, to put pressure on Russia. Both planes were flown [...]
National Express: Profit recovery held back by desire for low UK fares as demand recovers June 7, 2022 Coach operator National Express said its endeavour to keep price affordable for UK users will limit the pace of its margin recovery. The company made the headlines when its offer to buy rival Stagecoach was snubbed in favour of German asset manager DWS Infrastructure. National Express reiterated an expectation for an average profit margin of [...]
“Perfect storm” for new car sales as cost of living crisis and supply issues see May figures at historic low June 6, 2022 UK new car sales fell to their second weakest May in the last thirty years as a lack of consumer confidence and supply chain chokepoints took their toll on the big-ticket purchases. Just 124,000 cars were registered in May of this year, the lowest of the last thirty years except for the pandemic-induced lows of [...]
Platinum Jubilee fuel price surge could become a ‘national crisis’ and needs ‘radical’ intervention – RAC June 6, 2022 A “national crisis” is emerging as a result of surging fuel prices over the platinum Jubilee bank holiday, motoring giant the RAC has said. The driving champions warned unless there was “radical” intervention from the government, people would suffer at the pump even further. This comes after the price of petrol went up by £3.16 [...]
FTSE 100 boosted as oil majors and miners buoyed by rising crude prices June 6, 2022 London’s FTSE 100 opened higher on Monday as gains for miners and oil majors buoyed the index. The capital’s premier index was up one per cent after an extended weekend due to Platinum Jubilee celebrations. The mid-cap domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, opened 1.2 per [...]
London Metal Exchange sued by US fund manager over nickel freeze June 6, 2022 The London Metal Exchange (LME) is being sued for a sum worth £365m by a Wall Street hedge fund after the cancellation of nickel trading earlier this year. Fund manager Elliott Associates has filed a claim in the English High Court against the platform and its subsidiary LME Clear. The trading platform suspended nickel trading [...]
Post-Jubilee hangover on Monday from hell: ‘Fed up’ Londoners to work from home as tube strike brings city to standstill June 6, 2022 Travel chaos looms for millions of Londoners planning to return to work today after the long Bank Holiday break because tube stations across London are closed because of a strike. London Underground advised people not to travel, warning of severe disruption across the network from the start of service on Monday to 8am on Tuesday. [...]
Elizabeth Line: Meet TfL’s new advertising asset June 6, 2022 When the Elizabeth line opened last month, the excitement across the City was palpable. From transport enthusiasts to keen commuters, the new line brought a new lease of life for the London Underground.
