Danish fund divests from Wizz Air over human and labour rights abuse concerns February 7, 2022 Danish pension fund AkademikerPension has said it will divest from low-cost airline Wizz Air over concerns of human and labour rights abuse. AkademikerPension explained that the decision to divest more than $3m was made after Wizz Air’s management failed to reassure investors about the legality of their labour and human rights practices. “The management’s behaviour [...]
British electric van maker Arrival prepares for unconventional US debut February 7, 2022 British electric van maker Arrival is preparing for its US debut, choosing Charlotte, North Carolina, as its US headquarter. The company’s new offices are set to be inaugurated next month, while production facilities – one for vans in Charlotte and one for buses in South Carolina – will open later this year. The automotive manufacturer [...]
Govia Thameslink hires more women and BAME as part of diversity push February 7, 2022 Rail operator Govia Thameslink has registered a surge in the uptake of women and Black, Asian Minority Ethnic (BAME) recruits as part of its diversity push. The group – who operates Great Northern, Southern and Thameslink – has reported that in 2021 34 per cent of new recruits were women while 27 per cent were [...]
Kindred Group lowers revenue from high-risk players ahead of government white paper February 7, 2022 Kindred Group has lowered the revenue derived from high-risk players in the UK ahead of a government’s white paper on gambling. Data showed that UK revenues from high-risk behaviours fell at a rate of 16 per cent. In the first quarter of 2021, the group’s UK earnings obtained through harmful gambling was at 5.5 per [...]
Porsche expects record sales in 2022 despite continuation of supply chain issues February 6, 2022 Not even ongoing supply chain issues will hinder Porsche’s lucky streak, as the automotive maker expects record sales in 2022 despite semiconductor shortages. “When I look at the current orders, I’m confident for 2022. Growth in sales could reach a similarly high level this year as in 2021,” said Detlev von Platen, Porsche’s board member for [...]
Trainline seeks Whitehall reassurance as rival ticketing app spooks businesses February 6, 2022 Trainline’s bosses have been fretting over a possible government-funded ticketing competitor, saying it could destroy the business. The group has reportedly sought reassurance from Whitehall that ministers’ plans to create a new ticketing app will not undermine its business, the Sunday Telegraph reported. According to Peel Hunt analyst James Lockyer, after a meeting where Trainline’s [...]
Global semiconductor shortages are not over, says Volkswagen February 6, 2022 The global automotive industry is not yet out of the woods as semiconductor shortages are expected to continue this year, according to Volkswagen. “The volatile situation will affect us at least beyond the first half of this year. We must continue to fight for every part” said Murat Aksel, Volkswagen’s board member and head of [...]
Meet WasteFuel, the company helping Maersk achieve its decarbonisation goals February 5, 2022 Shipping giant Maersk has recently made industry headlines when it announced it had decided to anticipate its net-zero deadline by a decade. Maersk, the second largest shipping operator in the world, announced in January it would become net-zero by 2040, a decade before its original target. Instead of complying with the International Chamber of Shipping’s [...]
Veggie all the way: British Airways launches plant-based menu at Heathrow February 4, 2022 British Airways (BA) announced today it will soon launch a plant-based menu at its Heathrow lounges, before rolling it out across the US. “We’re committed to ensuring we deliver a premium proposition for our customers throughout their journey with us and when we do so, we need to ensure that sustainability is at the heart [...]
