Easyjet’s boss receives £3m package as airline remains in the red December 13, 2022 Easyjet’s boss Johan Lundgren has received a £3m remuneration even though the airline has posted a loss for the third consecutive year. The chief executive received a £1.2m bonus in addition to his £833,000 annual salary as well as shares worth £925,000. A company spokesperson said Lundgren – who has been at the carrier’s helm [...]
RMT’s Mick Lynch accuses government of ‘deliberately obstructing’ strike resolution December 13, 2022 RMT union boss Mick Lynch has accused the government of “deliberately obstructing” a resolution with workers. The railway union general secretary said a latest pay offer from ministers was “entirely unacceptable” as it came in “way below” inflation. Today marks the first day of four days of walk-outs by railway workers this week, with strike [...]
Airports slammed by regulator for being ‘unacceptable’ for disabled travellers – and London Luton is the worst offender December 13, 2022 Airports in the UK are no where near accessible enough for disabled people and passengers with reduced mobility, according to the aviation watchdog. The Civil Aviation Authority (CAA) said that despite signs of improvements in recent months, a number of airports in the country have been providing travellers with “unacceptable” levels of service. London Luton [...]
City darling Hg Capital pockets £1.6bn as LSE-listed fund sells cloud business to German rival December 13, 2022 City investor Hg confirmed to Morning Wire this morning the sale of Transporeon, a cloud-based transportation management software platform, to rival Trimble in a transaction valuing the business at around €1.88bn, or £1.62bn. Transporeon provides cloud-based logistics and transport management platform, enabling automation, real-time insights and collaboration on €48bn of annual freight. The sale marks the [...]
Energy bosses laughing all the way to the bank as Brits face record energy bills amid cold weather December 13, 2022 Millions of British households are expected to rake up record energy bills as have been warned their energy bills may skyrocket over the next few days as the cold weather continues to dominate the UK. It comes as the Met Office and UK Health Security Agency (UKHSA) issued a severe cold weather alert for England [...]
Rail strikes: More competition could see unrest become a thing of the past December 12, 2022 Government cannot continue to abdicate responsibility - it is time to bang some heads together to end the rail strikes
Maersk appoints logistics boss Vincent Clerc to top job December 12, 2022 Maersk has appointed shipping veteran Vincent Clerc to the top job as outgoing boss Soren Skou stepped down after over six years at the company’s helm. Chairman Robert M. Uggla said Clerc – who has led Maersk’s ocean and logistics branch since 2019 and will take over from Skou on 1 January – was the [...]
Snow chaos: Disruption across London continues with severe delays on tube lines December 12, 2022 Disruption across London’s transport network continued throughout the day following last night’s heavy snow. Services across the wider tube network were affected by severe delays, especially on the Central, Jubilee and Piccadilly lines. Minor delays were reported on the District, Hammersmith & City, Victoria and Northern lines as well as on the Overground between Euston [...]
Network Rail Christmas strike to go on as workers reject pay offer December 12, 2022 The strikes planned on Network Rail over the Christmas period are set to go on as members of the union RMT have rejected the company’s latest pay offer. Thousands of rail workers will walk out between 6pm on Christmas Eve and 6am on 27 December, disrupting planned engineering works. This will be in addition to [...]
Rivian puts EV venture with Mercedes on hold to focus on US operations December 12, 2022 Rivian has put its plans to create an electric van joint venture with Mercedes on hold to focus on its US operations. The electric van maker announced today it was pressing the pause button on the project to instead focus on its existing US business – which include a contract to supply Amazon 100,000 delivery [...]