Titanic wreck voyage disaster: Noises detected from search area of missing vessel with British billionaire on board June 21, 2023 Noises have been detected from the search area of the missing deep-sea vessel near the wreck site of the Titanic as those on board face a dwindling supply of oxygen. The submersible, named Titan, lost communication with tour operators on Sunday while about 435 miles south of St John’s, Newfoundland, during a voyage to the [...]
Octopus’ EV leasing business secures £150m to turbocharge electric car take up June 20, 2023 Octopus Electric Vehicles, the energy company’s electric car leasing business, has secured a £150m funding boost, taking its two-year total fundraising total to £650m. The funding will help finance Octopus’ employee benefit scheme, which gives employees at firms who opt in a chance to save around 30-40 per cent by providing the electric vehicle, charger [...]
Karshare journey ends as firm runs out of cash and calls in administrators June 20, 2023 Karshare, the car rental service which raised nearly £10m from a number of wealthy owners, has ceased trading today after running out of cash. It has appointed accountancy firm Azets as an administrator, according to Sky News’ Mark Kleinman. The firm had previously raised close to £10m from a number of wealthy investors, including former [...]
Saga profit expectations ‘well ahead’ of last year but insurance arm weighs down results June 20, 2023 Saga it expects profits to be “well ahead” of the previous year, driven by a strong performance from its ocean cruise and travel section – but its insurance arm continues to weigh it down. The over 50s specialist saw £150m in booked revenue from its travel segment as of this week, 37 per cent ahead [...]
Lookers: UK car dealership firm agrees to £465.4m buyout by Canada’s Alpha Auto June 20, 2023 British car dealership giant Lookers has agreed to be bought out by Canada’s Alpha Auto Group (AAG) after it launched a £465.4m acquisition, continuing a string of corporate deals in the sector. Global Auto Holdings Limited – the bidding vehicle for the takeover – announced the acquisition this morning, with the bid worth 120p per [...]
We need to talk more about lithium – UK risks supply shortfall to feed its electric car ambitions June 20, 2023 Lithium-ion batteries are the most widely used technology as of today, making lithium gold dust in the EV race.
Airbus wins biggest order in history of commercial aviation from Indian carrier Indigo June 19, 2023 India’s largest airline Indigo has placed the largest aircraft order in the history of commercial aviation today, ordering up to 500 of Airbus’s A320 jets. The deal for the narrow-body planes, the aerospace manufacturer’s best selling aircraft, take the total number of Airbus aircraft on order from Indigo to 1,330. The agreement was signed at [...]
Croydon tram disaster driver cleared over fatal crash June 19, 2023 A driver has been cleared over the Croydon tram disaster in which seven passengers were killed and 21 others were seriously injured. Alfred Dorris, 49, appeared visibly shaken when a jury at the Old Bailey acquitted him of failing to take “reasonable care” of the health and safety of himself and his 69 passengers on [...]
Wimbledon hit by fresh rail disruption as ASLEF announce overtime work ban June 19, 2023 Train drivers at 16 train operators will stop working overtime across six days in July, the ASLEF Union announced today, coinciding with the first week of the Wimbledon tennis tournament. ASLEF members will stop working overtime between Monday 3 July and Saturday 8 July in a long running dispute over pay. Mick Whelan, ASLEF’s general [...]
UK’s manufacturing outlook lifted as ‘extremely strong’ aerospace sector helps drive growth June 19, 2023 The UK’s manufacturing sector is set to perform better this year than previously predicted, as the country’s “extremely strong” aerospace helps to drive growth, a new report said today. The country’s manufacturing sector is only set to contract by 0.3 per cent this year rather than 3.3 per cent, according to a quarterly survey by [...]