National Express boss: UK economic environment ‘catalyst’ for shift to coach travel October 20, 2022 The UK’s economic woes have become a “catalyst” for the modal shift to coach and bus travel, according to National Express. Chief executive Ignacio Garat told Morning Wire that coach and bus travel has “proven to be the most efficient” way to get around the country. “It is the most cost effective mode of transport [...]
One in three UK households: Energy crisis risks dragging 26m Brits into fuel poverty October 20, 2022 The axing of the energy price guarantee from April next year could lead to almost 11m UK households falling into fuel poverty, campaigners have warned, which is about 26m people. It means more than one in three British households face the grim prospect of hardship: there are an estimated 28.1m households in the UK. The average household [...]
Shareholders launch campaign to tie Elon Musk’s salary to Tesla’s ESG October 20, 2022 Shareholders, spearheaded by activist investor Tulipshare, have launched a campaign to tie Elon Musk’s salary to Tesla’s environmental, social and governance (ESG) performance. The announcement comes months after the electric vehicle (EV) powerhouse was booted from S&P’s ESG index. According to Tulipshare, tying the chief executive’s salary to ESG would ensure the company improves its [...]
Rail workers to walk out on 3 and 5 November to coincide with TFL strikes October 19, 2022 Workers at 14 train operators will walk out on 3 and 5 November after RMT Union members rejected a new pay offer. Strikes will hit the network next month after negotiations with the Rail Delivery Group failed on salaries, jobs and working conditions. The action will take place alongside industrial action from Network Rail, London [...]
Lookahead: Demand questions will take centre stage at Tesla’s quarter report October 19, 2022 Demand issues are expected to take centre stage as Tesla unveils its third quarter report later tonight. Analysts have become increasingly sceptical about the electric vehicle (EV) giant’s ability to weather the storm of soaring inflation rates, sky-high energy bills and demand weaning in China. In a trading update published earlier this month, Tesla reported [...]
Nigerian mobility fintech Moove raises £15m to ramp up UK operations October 19, 2022 Nigerian mobility fintech Moove has raised £15m from asset manager Emso to ramp up operations in the UK. Moove said the financing will help it provide 10,000 electric vehicles to Uber’s fleet as part of its UK launch. This will enable Moove to become Uber’s largest EV provider as the ride hailing giant aims to [...]
Transport secretary Trevelyan calls for ‘wage restraint’ in rail October 19, 2022 Rail workers’ wage increases need to be realistic as the Treasury cannot cope with salaries going up according to inflation rates, transport secretary Anne-Marie Trevelyan said. “Within the rail sector we have to maintain wage restraint because we’ve already spent £16bn just keeping it going,” Trevelyan told the transport select committee earlier today. “So it [...]
Rolls-Royce enters next era as first fully-electric motor car goes on display, in gold October 18, 2022 Rolls-Royce has unveiled its first fully-electric motor car. The British manufacturer said the first customer cars of the new Spectre model will be delivered late next year. The model, displayed in gold by Rolls-Royce, fulfils a “prophecy” by the maker’s founder, Charles Stewart Rolls, who said in 1900 the electric car is “perfectly noiseless and [...]
Heathrow creates new exec position to mend fences with airlines October 18, 2022 Heathrow has created a new executive position to mend fences with its airline customers following this summer’s travel chaos. The west London hub today appointed director of operations Kathryn Leahy as director of Team Heathrow. “The new position is designed to ensure we build on the close-knit co-operation required between the 400 companies that operate [...]
Half-term boom: Stansted expects 400,000 departures October 18, 2022 Over 400,000 people are expected to fly from Stansted during the October half-term, according to forecasts released today. Stansted has predicted that more than 800,0000 passengers will pass through its gates between 21 and 30 October, with Friday 21 being the busiest day. This is up on last year’s levels as 500,000 passengers were reported [...]