P&O Ferries owner posts £500m profit but CEO warns of ‘uncertain’ trade outlook August 17, 2023 P&O Ferries owner DP World posted half-year profits of $651m (£509.18m) today, down 10 per cent on last year’s record performance, amid a more challenging outlook for global trade and weakened freight rates. “While the near-term trade outlook may be uncertain due to macroeconomic and geopolitical factors, the solid financial performance of the first six [...]
Gatwick strikes suspended in ‘act of good faith’ August 17, 2023 Planned strikes set to disrupt Gatwick Airport during one of the busiest periods of the year have been called off, after workers at Red Handling received an improved offer. As a result, strikes that were to begin tomorrow, Friday 18 August until Monday 21 August have been cancelled. Members of the Unite union received a [...]
Jaguar Land Rover drives up recruitment with 300 new jobs in West Midlands August 16, 2023 Jaguar Land Rover has announced plans to create hundreds of new jobs in the West Midlands after the marque swung into the black earlier in the year. The luxury carmaker said today that it will employ 300 new technicians and test engineers at its plants in Solihull, Gaydon and Whitley. It said the recruitment push [...]
‘The last thing commuters need’: London business groups slam rail fare hike August 16, 2023 London business groups have slammed a significant government hike in rail ticket fares set to hit commuters next March. The Department for Transport (DfT) has committed to ensuring any fare increase falls below the nine per cent rise in the Retail Price Index (RPI) inflation measure, announced by the ONS on Wednesday morning. Regulated rail [...]
Red lorry, yellow lorry… but why no green lorries? August 16, 2023 The mission to get the UK’s fleet of trucks to go green is failing to take off, new figures have revealed, due to ongoing concerns about the lack of available electric or hydrogen charging points throughout the country. Heavy Goods Vehicles (HGVs) currently produce nearly 20 per cent of all transport emissions in the UK, [...]
‘Disastrous’: London airports slam UK Government’s tourist tax August 16, 2023 Bosses at three leading UK airports have warned the government that its so-called ‘tourist tax’ is already making Britain a less appealing tourist destination. Senior figures at London City, Heathrow and Gatwick argued that the return of airside VAT-free shopping would be critical for the sector to finally shake-off Covid-19 and keep pace with international [...]
Tevva Motors is latest to ditch UK: Royal Mail EV lorry supplier moves to US August 16, 2023 Royal Mail’s electric lorry supplier Tevva Motors will move its headquarters to the US after announcing a merger with a New York-listed electric carmaker. Tevva Motors, whose headquarters are in Tillbury, Essex, said it would merge with Canada-based ElectraMeccanica and relocate to Delaware. The start-up firm – who manufacture a range of medium and heavy [...]
Yet more rail strikes have been announced – here’s all you need to know August 15, 2023 Commuters are to face yet more misery from rail strikes this August after the Rail, Maritime and Transport Union (RMT) announced fresh industrial action last week. 20,000 RMT members from a host of train operators nationwide will walk out, disrupting the UK’s rail network on dates that coincide with the August Bank holiday weekend. The [...]
Mamma mia! Airlines object to Italy’s flight price cap August 15, 2023 Plans to cap the cost of domestic fares in Italy have angered airlines just days after the Rome government also irked banks
Vauxhall warns UK is ‘well behind’ on EV charger roll out August 15, 2023 The UK government is facing renewed pressure to resolve ongoing delays in the roll-out of critical electric vehicle (EV) charging infrastructure, after Vauxhall warned this morning that the vast majority of local authorities have yet to install any public chargers. The carmaker, via Freedom of Information (FOI) requests, found that out of 414 councils across [...]