More strikes coming? Rail union RMT rejects ‘dreadful’ new offer from Network Rail and train firms February 10, 2023 The biggest rail workers’ union has rejected the latest offers from Network Rail and the train operating companies aimed at resolving the long-running disputes over pay, jobs and conditions. The Rail, Maritime and Transport union (RMT) said that following a wide-ranging consultation with every level of the union involved in the national rail dispute, its [...]
Lyft loses ground on Uber: Share price falls 30 per cent after profit down £100m on forecast February 10, 2023 Lyft is trailing behind competitor Uber as disappointing forecasts have caused investors to lose confidence. Shares in the ride-hailing company dropped more than 30 per cent this week after it reported lower than expected first quarter profit forecasts of $975m (£805m). Initially, analysts forecasted it would be at $1.09bn (£900m), according to Refinitiv data. Lyft [...]
SWR’s two-year extension to run London Waterloo services follows ‘milestone agreement’ with union TSSA February 10, 2023 South Western Railway has been awarded another two years’ contract to run services between London Waterloo and the south-west, parent company Firstgroup said. “We welcome the contract extension for South Western Railway (SWR), which enables us to build on the achievements of the first two years of the contract and continue improving the customer offering,” [...]
Half-term holiday bonanza: Britons flock abroad with departures soaring 44 per cent February 9, 2023 Britons are capitalising on the first restriction-free February half-term in two years to flock abroad, according to new data. Figures released today by aviation analytics firm Cirium showed that departures during the coming half term are up 44 per cent on last year’s levels, as 15,455 flights are scheduled to take off from UK airports [...]
Airbus struggles to appoint finance chief ahead of CFO Assam’s departure in three weeks February 9, 2023 Airbus is drawing up a stop-gap succession for the role of chief financial officer after struggling to appoint a permanent successor to Dominik Asam, who joins German software group SAP in under three weeks, industry sources said. Barring a rapid breakthrough, the world’s largest plane maker may appoint an interim CFO after Asam steps down at the end of [...]
Investigation finds rail union TSSA tolerated bullying, harassment and sexual assault February 9, 2023 An independent inquiry has found instances of bullying, discrimination and sexual harassment at the rail union TSSA. Launched in the summer and led by Baroness Helena Kennedy, the investigation uncovered a series of “appalling accidents.” These ranged from coercive behaviour and humiliation to inappropriate and sexual touching as well as sexual assault. Baroness Kennedy wrote [...]
Rail: Inquiry launched into anti-strike bill amid concerns about minimum service level proposal February 9, 2023 The Commons’ transport select committee has launched an inquiry into how the controversial anti-strike bill will apply to the railway sector – with a focus on the demand for minimum service levels. The legislation – which is having its second reading in the Lords on 21 February – will guarantee minimum service levels during strike [...]
Nissan profits soar to £832.2m as carmaker takes advantage of weaker yen and cuts sales estimates February 9, 2023 Nissan said its profits had risen by 60 per cent due to a combination of weaker yen and what it called “cost optimisation”. The Japanese car maker has reported a ¥133.1bn (£838.2m) in the three months ended, up from last year’s ¥52.2bn. Revenue also soared by 28.5 per cent to ¥2.2tn, while net income at [...]
How decoupling cost of electricity from gas can benefit EV uptake, according to motoring groups February 9, 2023 Motoring groups have called on the government to decouple the wholesale price of electricity from gas in a bid to bring down the costs associated with running an electric vehicle (EV). The RAC and EV campaign group Faircharge today urged ministers to publish the results of their Review of Electricity Market Arrangements, which closed in [...]
‘Unmitigated disaster’: Unions and Sadiq Khan slam transport sec Mark Harper’s rail reform plan February 8, 2023 Unions and Sadiq Khan have slammed the government’s plans to enhance the private sector’s role in railways, calling it “an unmitigated disaster.” It comes after transport secretary Mark Harper announced last night the creation of Great British Railways (GBR), saying the new public body will take “politics out of the railways.” According to Harper yesterday, [...]