Boeing plans to ramp up 737 Max production after significant delays April 26, 2023 US plane-maker Boeing today announced plans to ramp up production of its 737 Max planes after manufacturing issues led to significant delivery delays. There had been major concerns that the manufacturer would not be able to meet its annual target of making at least 400 737 planes, but the firm said today that now hopes [...]
Heathrow narrows losses, but claims hit from strikes and CAA price-cap April 26, 2023 Heathrow Airport narrowed its losses this quarter, but said results were impacted by the CAA’s price cap, as well as ongoing strike action. The airport posted adjusted pre-tax losses of £139m, down from £223m the previous year, writing that this was due to the “the revenue allowance in the CAA’s H7 settlement being set too [...]
P&O bosses confident of avoiding ‘fire and rehire’ fine and thought public anger would ‘recover’ April 25, 2023 Controversial cruise operator P&O is confident it will not pay for the ‘fire and rehire’ scandal last year, according to company filings shared with Morning Wire The accounts, which cover the 2021 calendar year, predict that the UK’s Insolvency Service will not be able to demonstrate that any subsequent action taken was in the public [...]
London Underground could face summer of strikes as Mick Lynch’s RMT re-ballots 10,000 members April 25, 2023 10,000 RMT members are set to be re-balloted for strike action today, in a continuing row over jobs and pensions which looks set to pile more misery on London commuters. The RMT, Transport for London and Sadiq Khan have been in a fierce dispute over the past year, after plans were announced to cut 600 [...]
London proves it’s easy being green: Capital clinches eco finance crown for fourth year in a row April 25, 2023 London has again been named the world’s number one centre for green finance, according to a survey. The capital scored well across think tank Z/Yen’s 11th Global Green Finance Index (GGFI), allowing it to retain the world’s top spot for the fourth year running. London outdid all other cities in terms of its talent pool, [...]
Formula 1 test firm AB Dynamics drives towards revenues of £50m April 25, 2023 AB Dynamics, which produces robots and simulators used by Alfa Romeo’s Formula 1 team, saw revenues close to £50m in the six-month period to 28 February 2023. The results, which mean AB has increased revenue by £10m on the previous year, came despite the continuing supply chain disruption and economic uncertainty at the time. The [...]
Taxi tie-up sees Bolt link with London’s black cabbies April 25, 2023 A major taxi industry tie-up will see ride-hailing service Bolt make London’s black cabs available on their apps from today. Londoners using Bolt will now be able to order London’s iconic taxis to get around the capital as the firm introduces a ‘black cab’ category on the app. London’s cabbies have teamed up with mobility [...]
Tory heavyweights endorse former Boris Johnson adviser to run for London mayor April 25, 2023 A former Downing Street adviser to Boris Johnson has emerged as the Conservative front runner for London mayor next year after earning the backing of three party heavyweights. Energy secretary Grant Shapps and Northern Ireland Office minister Steve Baker, along with former home secretary Priti Patel, announced on Monday they were endorsing Samuel Kasumu to [...]
May bank holiday traffic: 17 million car journeys in ‘busiest weekend’ since 2016 April 25, 2023 Traffic levels are set to soar, with this weekend set to be the busiest since 2016, according to research conducted by the RAC and transport analytics firm Inrix. Over 17 million journeys will take place over the long weekend, beating the 14.6 million predicted for the King’s coronation, as Brits opt to watch the event [...]
HS2 boss: We didn’t know how much Euston would cost to deliver until last year April 24, 2023 HS2’s chief executive Mike Thurston told the Public Accounts committee today that the Euston development of the project was a long way from its initial target – and that the costs of the last stretch of the line into London were poorly understood until 2022. Thurston told the committee “candidly, it was only until we [...]