Volvo beats analysts’ expectations due to strong demand April 28, 2022 Volvo has beaten analysts’ predictions as a result of strong demand and supply chain issues improving, the automotive maker announced today. In the first quarter of 2022, Volvo’s profits slumped by 40 per cent, going down to 6bn Swedish crowns (£488.9m) from 8.4bn a year earlier. Nevertheless, earnings beat the 4.13bn expected by analysts polled [...]
Coastguard clears P&O vessel two days after Irish Sea accident April 28, 2022 The Maritime and Coastguard Agency (MCA) announced today it has cleared a P&O vessel two days after it ran out of power off the coast of Northern Ireland. “Our surveyors have carried out a full inspection of the European Causeway and are satisfied that it is safe to sail again,” said an MCA spokesperson. Running [...]
Revealed: Russia pockets £53bn in oil and gas cash since start of Ukraine war with £7.6bn from Germany April 28, 2022 It has been revealed that Germany was the biggest buyer of Russian energy during the first two months of the war in Ukraine A study published by the Centre for Research on Energy and Clean Air (CREA) calculated that Russia has earned £53bn from fossil fuel exports since February 24, the date Russian troops attacked [...]
Disruption on M25 as Just Stop Oil protesters block service stations April 28, 2022 Motorists need to brace for disruption on the M25 as Just Stop Oil protesters have blocked services and graffiti sprayed on the pumps. The action has taken place since 7am this morning at two service stations, Surrey’s Cobham Services and Clacket Lane Services in Kent. Climate activists, who blocked the entrance by staging a sit-in, [...]
Almost 100,000 Londoners carry TfL’s disability badge as Priority Seating Week ends tomorrow April 28, 2022 Almost 100,000 Londoners received a disability badge from Transport for London (TfL) over the last five years. The data was revealed by the body during this week’s Priority Seating Week to encourage Londoners to be more mindful of other people and give their seat up if they see someone who needs it more. “It is [...]
UK automotive output down by 100,000 cars as supply chain issues continue to bite April 28, 2022 The UK automotive production was down by 100,000 cars in the first quarter of 2022 as a combination of pandemic-induced supply chain issues and the war in Ukraine continued to bite. According to data by the Society of Motor Manufacturers and Traders (SMMT), output declined by 32.4 per cent on 2021 levels, going from 306,558 [...]
Railway cleaners begin 11-day strike over salaries April 27, 2022 Railway cleaners began today an 11-day strike to increase their salary to £15 per hour. The union RMT said its members working for contractor Churchill aboard the GTR, Southeastern and HS1 networks will go on strike until 7 May. As part of the campaign, RMT is calling for cleaning staff to be treated like other [...]
MOT could be relaxed under new government plans April 27, 2022 The annual MOT checks could be relaxed under government plans to help Brits navigate the cost of living crisis. Transport secretary Grant Shapps today told the Commons’ Transport Select Committee he didn’t exclude out relaxing the rules, but any changes would need to meet a “very rigorous safety standard.” “If you look at things like [...]
Addison Lee returns to profitability for first time since 2020 takeover April 27, 2022 Addison Lee announced today it has returned to profitability for the first time since its March 2020 takeover. In the financial year ending 31 August, the London-based private taxi provider achieved an adjusted EBITDA of £7.9m on a £164m turnover. Following the end of travel restrictions in the UK, the firm reported a 47 per [...]
Boom in demand boosts Mercedes allowing to offset costs April 27, 2022 A boom in demand has boosted Mercedes-Benz’s financial performance allowing it to offset rising material and transport costs, the car giant announced today. “In terms of the desire of wealthy people to spend the money for exceptional products, I would say there is no barrier, there is no limit,” said chief financial officer Harald Wilhelm. In [...]
