Some car firms losing 30 per cent of staff due to ‘pingdemic’ July 29, 2021 Some UK car makers are seeing up to 30 per cent of their staff having to isolate due to the ‘pingdemic’, trade body the Society of Motor Manufacturers and Traders (SMMT) has warned. Speaking at the association’s half-year production briefing, SMMT boss Mike Hawes said that the problem, which has affected many industries, was threatening [...]
Lookers shares drive higher as car dealer upgrades profit guidance July 29, 2021 Shares in car dealership chain Lookers jumped eight per cent this morning after the company told investors it was expecting a higher full year profit. Lookers said in a first half trading update that underlying profit before tax in six months to 30 June is now expected to be approximately £50m, compared to a £36.1m [...]
National Express back in black as savings take effect July 29, 2021 Transport operator National Express said that cost reductions had helped it return to the black in the first half of 2021 despite continuing Covid-19 restrictions. Although revenue was slightly down on last year, the FTSE 250 firm said that underlying operating profit came in at £22.9m for the period, up from a £30.6m loss in [...]
Nissan: Strong US demand and weak yean result in surprise profit July 28, 2021 Nissan posted a surprise profit in its latest quarter, helped by a weaker yen and stronger U.S. demand. Watch the full report.
Boeing posts first profit in two years as 737 MAX jets deliveries take off July 28, 2021 Boeing posted its first profit in almost two years, as deliveries of its best-selling 737 MAX jets to airlines gained traction amid a sharp rebound in travel bookings following an increase in global Covid-19 vaccinations. Watch the full report.
Congestion charge to be rolled back to 18:00 on weekdays July 28, 2021 The London congestion charge will stop at 18:00 on weekdays under new proposals from Transport for London (TfL) to encourage punters to return to the capital’s hospitality hotspots in the evenings. However, on weekends it will become operational between 12:00 and 18:00, in order to reduce congestion in central London and get people back on [...]
Aston Martin triples car sales but still slides to £90m loss July 28, 2021 Aston Martin plunged to yet another loss this morning despite selling more than three times the number of cars it did in the first half last year. The classic British brand posted a £90.7m pre-tax loss, a markedly improved effort after losing £227.4m in the same period in 2020. Revenue also increased 242 per cent [...]
Wizz Air bullish on summer recovery despite €114m loss July 28, 2021 Low-cost carrier Wizz Air reiterated that it would return to pre-pandemic levels of flying over the summer months after falling to a €114m loss in the first quarter. The Hungarian airline, which flew at just 33 per cent capacity in the first period due to continued travel restrictions across Europe, said it expected to hit [...]
MPs join call to end electric vehicle charging ‘postcode lottery’ July 28, 2021 MPs have added their voice to calls for the government to lay out a clear plan for how it will deliver sufficient charging infrastructure for electric vehicles across the UK by 2030. A new report from the transport select committee said that it was vital for ministers to work with the National Grid to identify [...]
Wizz Air’s controversial £100m bonus plan for CEO voted through by shareholders July 27, 2021 A £100m bonus is one step closer for Wizz Air boss Jozsef Varadi, after more than 60 per cent of shareholders gave the airline’s remuneration strategy the green light at its AGM today. Investors in the budget airline voted 68 per cent to 32 per cent in favour of its “Value Creation Plan”, a strategy [...]
