Rail operators to lure commuters back to trains with bacon rolls January 27, 2022 Commuters are being lured back to trains via Greggs bacon rolls, as low passenger numbers spell crunch time for rail operators. A new complimentary breakfast rewards scheme has been hauled in by the Rail Delivery Group, with Omicron continuing to weigh on commuter levels. Those who sign up can also get their hands on free coffees [...]
Ola injects £100m into UK engineering and design innovation January 27, 2022 Ola Electric, India’s leading manufacturer of EVs, today announced Ola Futurefoundry, its global centre for advanced engineering and vehicle design.
Experts about record $90: Shareholders may face ‘catastrophic levels of value destruction’ if oil price drops January 27, 2022 Based on current surging prices oil giants should think twice about investing in new oil projects or they could risk wasting billions, a new report has warned. The price of Brent crude oil has increased by nearly 40 dollars (£29) per barrel in the last year, and hit 90 dollars (£66) yesterday for the first [...]
BA owner IAG lures Nicholas Cadbury away from Whitbread for CFO job January 27, 2022 Nicholas Cadbury, finance director at hotel and restaurant giant Whitbread, will join British Airways’ owner IAG as chief financial officer on 21 March. The news, confirmed this morning, was first announced in October after the current chief financial officer Steve Gunning decided to step down. “It has been a wonderful experience to be involved in [...]
EasyJet CEO confident ‘testing will become a thing of the past’ January 27, 2022 EasyJet said this morning it is seeing a boost in bookings from the move to scrap Covid travel tests, after the spread of the Omicron variant hit passenger demand last month. The low-cost airline said Omicron saw its load factor – a measure of how well it fills its planes – slump to 67% in [...]
Government to pump £100m in new nuclear power plant January 27, 2022 Plans to build a new nuclear power station have received a boost after the Government announced £100m of funding to support its continued development. Ministers said the move aimed to attract further financing from private investors for the Sizewell C project in Suffolk. Unions welcomed the development as a step forward, but Unite urged the [...]
HSBC pushes further into Saudi Arabia: Canary Wharf approves $10bn loan so mass polluter Saudi Aramco can expand January 27, 2022 HSBC is in line to finance a $10bn revolving credit facility to one of the world’s biggest polluters, the Saudi Arabian Oil Company, or Saudi Aramco, despite the bank’s commitment to ‘Net Zero emissions by 2050’. HSBC’s latest venture in the Middle Eastern kingdom, in partnership with Standard Chartered, is likely to draw scrutiny from [...]
UK car output worst since 1956 but EVs and investment brighten 2022 outlook January 27, 2022 2021 was a dismal year for the UK automotive industry, as output fell 6.7 per cent to less than 860,000 units – the lowest since 1956. Figures released today by the Society of Motor Manufacturers and Traders (SMMT) reported that production went down 34 per cent on pre-pandemic levels, especially as a result of the [...]
Tesla revenue exceeds analyst forecasts by more than $1bn January 26, 2022 Tesla enjoyed an upbeat fourth quarter, as its revenue exceeded analyst estimates by more than $1bn. The car manufacturer, which specialises in electric vehicles (EVs), secured $17.7bn in revenue, with analysts expecting a figure closer to $16.6bn. Tesla, the brainchild of billionaire entrepreneur Elon Musk, also reported adjusted earnings per share of $2.54, up from [...]
Boeing posts $4bn loss as Dreamliner delays weigh on aircraft maker January 26, 2022 Boeing has posted an eyewatering $4.2bn loss in its latest quarter, as delays of its 787-carrier weight on the aircraft maker. The company took a $3.5bn charge in the final three months of last year because of problems in addressing flaws in its 787 Dreamliner jet to meet the Federal Aviation Administration’s satisfaction.The Dreamliner costs [...]
