Car sales will mostly be online by 2030 in a blow to vehicle dealerships November 30, 2021 UK motoring executives think cars will be mostly sold online by 2030, with electric vehicles (EVs) making between 70 and 100 per cent of new vehicle sales in western Europe. Data from KPMG’s automotive executive survey has revealed that 59 per cent of 1118 executives interviewed believe online sales will become the norm by the [...]
Volvo predicts chip shortages to continue as profits go down November 30, 2021 Swedish car maker Volvo has predicted the ongoing semiconductor chip shortages will extend into the new year, impacting the supply chain. Since its listing in the Stockholm stock exchange at the end of October, the group has reported a slump in profit and revenue, going down from 4.6bn Swedish crowns (£380.8m) to 3.3bn (£273.2m) year [...]
Long queues at Heathrow as passengers come to terms with stricter Covid rules November 30, 2021 Passengers travelling through Heathrow are experiencing huge queues following the introduction of stricter Covid rules, with bottlenecks forming as a result of people opting to take a PCR test straight after landing. To stop the spread of the new Omicron variant, from 4am this morning all travellers to the UK need to take a PCR [...]
Omicron could cause “significant traumas” for aviation, Emirates president warns November 30, 2021 Emirates’ president Tim Clark has warned that the new Covid variant, Omicron, could cause “significant traumas” for the recovery of global aviation. Clark said the next few weeks would prove fundamental for the industry, as scientists assess the variant’s risk and the effectiveness of vaccines in fighting it. “I would say probably by the end [...]
Omicron hits Easyjet bookings as losses swell to over £1bn November 30, 2021 Easyjet said this morning that its losses have jumped to more than £1.1bn, and the airline’s bookings are currently impacted by concerns over the Omicron Covid variant. In the year ending 30 September, the carrier registered a 52 per cent decrease in revenue, going down to £1.4bn. Due to air travel restrictions and lockdowns implemented [...]
Griffon Hoverwork wins major hovercraft export contract in Japan November 30, 2021 UK-based hovercraft giant Griffon Hoverwork confirmed it has won a major new contract in Japan, supplying three new 12000TD craft to the country. Work on the first hovercraft is set to start at the end of January next year, with the last craft to be delivered to the the Oita Prefecture government in Japan in [...]
Brits’ ski trips re-routed to French entry-points following fresh Swiss restrictions November 29, 2021 Brits may have to skip the slopes this year, as holidays firms begin to re-route or cancel Christmas trips to the Alps amid fresh travel restrictions. The uncertainty has bloomed as a result of a new Covid-19 variant known as Omicron, which has prompted Switzerland to force Brits entering the country to quarantine for 10 [...]
Asda sales dip as supermarket charters cargo ship to ensure Christmas stock availability November 29, 2021 Asda has reported a fall in underlying quarterly sales as it said it chartered its own cargo ship to ensure Christmas decorations and toys make it to UK shelves. The supermarket, owned by the billionaire Issa brothers and private equity firm TDR Capital, said like-for-like sales, excluding fuel, fell 0.7 per cent year-on-year in the [...]
George Osborne calls for Sadiq Khan to have more powers over TfL November 29, 2021 Sadiq Khan should be given more powers by central government to run Transport for London (TfL), former chancellor George Osborne has said. Osborne yesterday said the government should stop “trying to micromanage how [Khan] runs TfL” and “let him take responsibility”. Khan and the Department for Transport are currently locked in negotiations over a fresh [...]
Ex British Airways boss slams tougher Omicron travel rules as ‘knee-jerk decision’ as UK firms worry about Christmas November 29, 2021 Former British Airways boss Willie Walsh has dubbed countries’ tighter quarantine and testing rules as a “knee-jerk decision”, after concerns over the new Omicron Covid variant. Walsh, who used to head the airline group International Airlines Group, said the new rules imposed “a massive financial damage to the tourism and airline industry.” “It’s clear that [...]
