CMA warns taxpayers and councils face higher bills after £11bn Veolia-Suez waste management merger December 7, 2021 The £11.1bn merger between French waste and water management giants Veolia and Suez could lead to higher prices for UK councils and taxpayers, according to Britain’s competition watchdog. The Competition and Markets Authority (CMA) said the tie-up, which was announced earlier this year, could lead to a loss of competition in the supply of key [...]
TfL: Khan hits out at Shapps for refusing to meet him as funding talks go down to wire December 6, 2021 City Hall and Whitehall have continued their row over urgent Transport for London (TfL) funding talks tonight, with each side blaming the other for slow progress. With just four days to go until TfL’s latest government bailout runs out, its fourth in the past 19 months, transport secretary Grant Shapps has still not met with [...]
Airlines stocks jump as Omicron concerns are shrugged off December 6, 2021 The shares of several airlines – including British Airways’ owner IAG, Easyjet and Ryanair – jumped today, as a result of carriers shrugging off concerns about the latest Covid variant, Omicron. Evidence showing the mild effects of Omicron, which has not yet caused any deaths, has led to IAG going up to 142.26p from a [...]
$61bn push for supply chain control: Amazon builds 10,000 containers as it charters long-haul planes and private cargo ships December 6, 2021 E-commerce Amazon remains largely unaffected by the global supply chain crisis as it is increasingly taking control of the entire supply chain. The company is building its own containers, and has “quietly” been hiring long-haul planes as well as private cargo ships, according to a CNBC report this weekend. Its 53-foot containers are manufactured in [...]
HGV driver shortages showing signs of recovery, logistics group says December 6, 2021 HGV driver shortages are now showing small signs of recovery, according to British trade body Logistics UK. In a report published today, Logistics UK outlined the rate at which people are leaving the industry has slowed down, with the percentage of HGV drivers leaving the workforce going from 23.4 per cent in the second quarter [...]
Aerospace Institute unveils liquid-hydrogen aircraft concept December 6, 2021 The UK Aerospace Technology Institute (ATI) unveiled today the concept for a liquid-hydrogen aircraft able to fly non-stop from London to San Francisco. Funded by the government and led by ATI, the FlyZero project received a £15m investment, Bloomberg reported. “These designs could define the future of aerospace and aviation. By working with industry, we [...]
Minsk to retaliate against EU and UK, imposing sanctions on aviation December 6, 2021 Belarus is ready to retaliate against the EU and the UK, imposing sanctions on carriers flying into its air space and banning people from entering the country. “In response to the illegitimate restrictions on the Belarusian aviation industry, which are based on unfair competition, our country will take similar steps in relation to air carriers [...]
Most supply chain heads could not give a damn about tracking food waste despite link to climate crisis December 6, 2021 Nearly three-quarters of senior decision makers in the supply chain and in food procurement are currently not tracking the amount of food their organisation wastes, according to new research shared with City PM today. In fact, almost two-thirds (64 per cent) of respondents told food facilities management company Sodexo in survey that direction from government [...]
Israeli maritime firm Windward floats on LSE after raising £34.5m December 6, 2021 Israeli maritime intelligence firm Windward announced today its admission to trade on the LSE’s AIM market. After raising £34.5m from investors such as Hargreave Hale, the company floated with a market cap of £126.5m, placing shares at 155p. “Today marks the next step in the growth of Windward and I am grateful for all the [...]
UK car sales grow but industry warns troubles are not over December 6, 2021 After four months of consecutive decline, new car registrations showed signs of recovery, going up 1.7 per cent in November compared with the same time last year. According to data from the Society of Motor Manufacturers and Traders (SMMT), 115,706 cars were registered last month, with electric vehicles becoming the main drivers beyond the demand. [...]
