Energy crisis: Government sets aside £1.7bn to save ‘too-big-to-fail’ supplier Bulb November 25, 2021 Nearly £1.7bn is set aside by the government to allow Bulb to continue supplying energy to its customers as it tumbled into administration. In court on Wednesday, the company was put into special administration, which will allow it to continue to trade for the time being. The £1.69bn loan will be set aside by Government [...]
Addison Lee calls in UN to train drivers on women’s safety November 25, 2021 Private cab company Addison Lee is partnering up with UN Women UK to provide training to company staff on women’s safety issues. Part of UN Women’s Safe Spaces Now campaign, which aims to create safe spaces for women in their everyday life, the programme will help taxi and PHV drivers to recognise and act when [...]
Govia to face £73m legal claim over overcharged fees November 24, 2021 Rail giant Govia Thameslink Railway – which operates the Gatwick Express and Thameslink, as well as Great Northern and Southern services – will face up to £73m in legal claims after being sued for overcharging rail journeys. Set to be filed this week at the Competition Appeal Tribunal by consumer campaigner Justin Gutmann, the class [...]
Airline shares splutter as new EU lockdowns spook investors November 24, 2021 The share price of major airlines is on an ongoing downward trajectory as a result of the new wave of Covid-19 infections around Europe which is causing countries such as Austria and the Netherlands to impose lockdown measures. Compared with the last few days, the share price of major carriers such as IAG and Ryanair [...]
Brexit red tape: Risk of 17-mile queues at Dover due to new EU biometrics checks November 24, 2021 A new system for monitoring non-EU travellers entering the bloc’s Schengen Area is scheduled to be implemented in April next year and may lead to delays of 17 miles, an industry insider warned today. Elizabeth de Jong, director of policy at trade body Logistics UK, said it would be “very bad news” if lorry drivers [...]
Volkswagen committee still uncertain over chief executive’s future following row with unions November 24, 2021 The member of Volkswagen’s (VW) executive committee have yet to make a decision regarding the future of chief executive Herbert Diess, following clashes with union representative over his management style. “This topic is so hot, it is on a knife-edge,” a source told Reuters. “I can’t say anything further.” Diess has been at the centre [...]
Robert Courts to meet with Balpa following “completely out of touch” comments November 24, 2021 Aviation minister Robert Courts has agreed to meet with the British Airline Pilots’ Association (Balpa), after the union’s general secretary Martin Chalk criticised him for being “completely out of touch” regarding the state of British aviation “It was obvious from all the contributions on Monday’s Airlines 2021 conference that the industry is desperate for the [...]
UAE in talks with Taliban to run Kabul airport November 24, 2021 The UAE is reportedly in talks with the Taliban regime to operate Kabul airport, in a move that will put Abu Dhabi against Qatar. In an exclusive, sources told Reuters that Emirati officials are moving to assert their influence over the country, snatching it from the influence of Qatar – which alongside, Turkey, has run [...]
Musk offloads another $1.05bn crossing the halfway mark November 24, 2021 Tesla’s chief executive Elon Musk has sold another 934,091 shares for $1.05bn, crossing the halfway point in his plan to offload 10 per cent of his stake in the company US securities filings from late last night showed that Musk carried out the sale after exercising options to buy 2.15 million shares. Since 6 November [...]
Alfa Romeo Formula 1 simulator AB Dynamics booming as revenues hit £65.4m November 24, 2021 AB Dynamics, manufacturer of driving robots and simulators used by the Alfa Romeo Formula 1 team, has registered a 6 per cent increase in revenue, going up to £65.4m in the year ending 31 August. In the second half of the year, the company hit records in terms of order intake and cash generation, with [...]
