Aston Martin in £182m partnership with start-up to make ‘ultra-luxury’ EVs as it reworks Mercedes deal June 26, 2023 Aston Martin has announced a deal with US EV manufacturer Lucid Group to build ‘ultra-luxury’ electric vehicles, as it ditches elements of a previous 2020 agreement with Mercedez Benz. The Gaydon-headquartered firm said that it would issue £182m worth of shares and cash payments, in exchange for electric batteries and powertrain components, with US-start up Lucid [...]
Fast-growing logistics outfit Shift to pick up pieces of Tuffnells June 25, 2023 An up and coming logistics firm is understood to have snapped up pieces of delivery giant Tuffnells Parcel Express, following its collapse earlier this month placing 2,000 jobs at risk. Shift, which was launched five years ago by 29 year old Jacob Corlett has acquired the brand and intellectual property of the British delivery service, [...]
London Heathrow workers call off 31 days of strike this summer as pay deal reached June 23, 2023 31 days of strike action at Heathrow have been averted following a last-ditch deal with Unite members, meaning Brits can once again go on their summer holidays without disruption. A new pay deal was reached between Britain’s biggest airport, and the UK’s biggest union, with 2,000 security officers at terminals 3 and 5, scheduled to [...]
St Paul’s revamp to create new public square June 22, 2023 St Paul’s gyratory is set to undergo a redesign as part of a drive to create bigger and better public spaces in London. Canada Corporation has approved project proposals to “partially remove” the gyratory, built in the 1970s, and create the largest public square in the Square Mile. The area between the [...]
20,000 rail workers to strike in July in fresh RMT industrial action June 22, 2023 20,000 rail workers will strike on three days in July, the RMT Union announced today, in a continuation of a long-running pay dispute. RMT members at 14 train companies will take action on 20, 22 and 29 July, dates which coincide with two Ashes tests and the golf Open, after train operators failed to make [...]
Uber to slash 200 jobs in layoff resurgence June 22, 2023 Uber is preparing to cut 200 employees from its recruiting team in its ongoing drive to improve efficiency. The ride-sharing app is slashing over a third of its recruitment division, less than one per cent of its total global workforce, according to sources cited by the Wall Street Journal. It comes as Uber is trying [...]
DS Smith: Inflation can’t keep profits boxed up for Amazon cardboard provider June 22, 2023 DS Smith reported soaring profits and trading in line with expectations in its full year results this morning, as the package specialist continued to show strong resistance to high inflation and rising paper costs. The London-listed group – which delivers boxes and paper products to companies including Amazon and Brewdog – saw pre-tax profits up [...]
Planned Aslef strike by Avanti train drivers in early July is suspended June 22, 2023 A planned strike by train drivers on Avanti West Coast has been suspended. Members of Aslef were due to walk out on July 2 in a dispute over sick notes. The union said the company has confirmed it will remove the sick note policy which was in dispute. Aslef general secretary Mick Whelan said: “As [...]
Volkswagen plans audit of Xinjiang plant after human rights complaint June 21, 2023 Volkswagen is planning an external audit of its factory in Xinjiang after a group filed a human rights compliant with regulators in relation to its operations in the Chinese state. Oliver Blume, Volkswagen’s chief executive, said on Wednesday that the German car manufacturer would commission the audit “as soon as possible,” according to a report [...]
Network Rail must be held to account for poor performance, says minister June 21, 2023 The performance of Network Rail has “not been good enough,” rail minister Huw Merriman said today, stating that the body must be properly held to account to ensure it improves the UK’s rail infrastructure. Speaking at a transport committee hearing, Merriman told MPs that a major challenge for train operators “is the performance of Network [...]