London’s businesses need more affordable housing for their young staff October 31, 2022 Few of Britain’s problems could not be solved by putting shovels into the ground. Nowhere is that more true than when it comes to housing – a shortage that could, if left unchecked, become a brake on the entire country’s economic growth. On our front page today we report on a potential fall in London [...]
Airbus warns of ‘material adverse impact’ from Qatar Airways lawsuit October 30, 2022 Plane manufacturer Airbus has warned investors it faces “material adverse impact” as the result of an ongoing court battle with Qatar Airways, over the Qatari airline’s claims it was forced to ground multiple aircraft due to an underlying “design defect” in Airbus’ planes. In a financial statement, Airbus said Qatar Airways’ lawsuit could have an [...]
Octopus Energy snaps up collapsed rival Bulb October 29, 2022 Octopus Energy has struck a deal to snap up its collapsed rival Bulb today, ending the period of ‘special administration’ that has seen billions pumped into the firm by the government.
‘Quicker and easier’ journeys at Bank as TfL unveils new interchange route October 28, 2022 TfL has unveiled a new interchange route at Bank station, which is set to make journeys “quicker and easier” for thousands of commuters walking between the Northern and Central lines. The public body has added two new 100-metre moving walkways and three new escalators just two weeks after unveiling more escalators between the Northern line [...]
Airbus raises free cash flow to £3.8bn but supply chain remains ‘fragile’ October 28, 2022 Airbus has raised its free cash flow outlook to €4.5bn (£3.8bn) – up from the €3.5bn previously forecast – due to a strong dollar. In the third quarter, the EU plane maker’s revenue went up 27 per cent to €13.3bn, reaching €38.1bn for the nine months to the end of September. On the other hand, [...]
British Airways owner IAG’s profits soar as leisure demand booms October 28, 2022 British Airways owner IAG is back in the black with a profit after tax of €853m (£736m), as leisure revenue has recovered to pre-pandemic glory. The London-listed firm swung into profit in its third quarter results – ahead of market expectations – after posting a 2021 loss of €574m. IAG’s overall passenger capacity plans are [...]
Rail union calls on Mark Harper to ‘avoid the mistakes of Grant Shapps’ October 27, 2022 Rail union TSSA has called on newly-appointed transport secretary Mark Harper to “avoid the mistakes of Grant Shapps” and remove blocks to negotiations between workers and train operators. The relationship between former transport secretary Grant Shapps and union leaders has been a tense one, as unions accused him several times of blocking negotiations. Both Shapps [...]
Blindness in Ghana October 27, 2022 | City Talk Ghana, like many nations, has a clear divide between those who are wealthy and those who live in poverty. Many Ghanaians live in conditions where they do not have access to healthcare or the resources to assist them out of the cycle of poverty. The lack of accessibility to healthcare can often push those suffering [...]
Icelandair remains ‘cautiously optimistic’ about next year as it plans moderate growth October 27, 2022 Icelandic legacy carrier Icelandair remains “cautiously optimistic” about the next year, as it plans some moderate growth despite the current inflationary headwinds. “We are in a very good position,” chief executive Bogi Nils Bogason told Morning Wire today. “We can be more flexible and focused depending on how our economies are developing. “[However] people are [...]
Clear skies ahead for Lufthansa, as carrier expects strong demand to stay October 27, 2022 Lufthansa anticipates demand to remain strong in the months ahead, with capacity expected at 80 per cent of pre-Covid levels in the fourth quarter despite inflationary pressures. According to chief executive Carsten Spohr, people will continue to splash cash on tickets after two years of not being allowed to travel due to the Covid pandemic. [...]