Macquarie eyes £1bn bid for owner of Felixstowe and Teesport ports September 19, 2022 Aussie investment giant Macquarie is considering a £1bn bid for PD Ports, owner of Felixstowe and Teesport ports. PD Ports’ owner, private equity firm Brookfield, shut down an auction of the company last year while a legal row with the owner of land near Teesport raged on. According to The Times, should Macquarie submit a [...]
Going strong: EV truck maker Tevva expands into EU September 19, 2022 Electric and hydrogen truck maker Tevva has expanded operations beside the UK borders, announcing on Monday its strategy for mainland Europe. It also unveiled its newest 19tn model. The Essex-based “scale up” will start exporting its electric HGVs – which unlike competitors also have a reserve of hydrogen to boost range extension – to main [...]
Northern joins Avanti and TransPennine and reduces services September 19, 2022 State-owned rail operator Northern has followed the likes of Avanti West Coast and TransPennine and reduced services, after it admitted it was struggling to operate a full schedule. The rail operator runs services in Northern England, connecting major cities such as Liverpool and Manchester. It has been under the Department for Transport’s ownership since 1 [...]
Thousands miss Queen’s funeral as rail disruption at Paddington persists September 19, 2022 Thousands of mourners are missing the Queen’s funeral, resorting to watching the proceedings on their phones due to the ongoing rail disruption at Paddington station. Services between Paddington and Reading have stopped running since earlier this morning as a result of issues to overhead electric wires. Heathrow Express and Elizabeth line services are also affected. [...]
Empty Waterloo train left on platform as ‘waiting room’ for Queen mourners September 17, 2022 A train will be left on the platform of Waterloo station as a “waiting room” for anyone needing rest after queuing to see the Queen lying in state. Southwestern Trains announced the gesture on Twitter, as the miles-long queue from Westminster snakes the Southbank of the Thames, towards Southwark. Tens-of-thousands of people are in the [...]
Rail strikes set to resume on 1 and 5 October September 16, 2022 Train drivers at 12 companies are set to resume their strike on 1 and 5 October in a long-standing dispute over pay. Initially announced at the end of last month, the walkout was postponed following Her Majesty the Queen’s death last week. The train drivers’ union Aslef will not make any public comments until after [...]
Queen’s funeral: Westminster, St James’s Park and Hyde Park Corner tube stations closed on Monday September 16, 2022 Three key London tube stations will be closed on Monday to prevent overcrowding ahead of the Queen’s state funeral. Westminster, St James’s Park and Hyde Park Corner tube stations will remain shut for most of Monday morning up to one million people are expected to flock into central London for the unprecedented event. Transport for [...]
Octopus grows wind portfolio with UK and German investments September 16, 2022 Octopus has expanded its onshore and offshore wind portfolio with two investments in the UK and Germany. The asset manager today announced it has acquired an additional 7.75 per cent stake in the Lincs offshore wind farm, while also buying the Leeskow facility in Brandenburg, north-east Germany. Lincs, which following the transaction represents almost 16 [...]
London airports cancel flights to avoid noise on Queen’s funeral September 15, 2022 London airports such as Heathrow and London City are cancelling flights to avoid noise on Monday, the day of the Queen’s funeral. Heathrow has announced it will cut 15 per cent of its daily schedule, i.e. more than 100 flights, while London City will not fly over Westminster. The west London hub – jointly with [...]
Lufthansa in talks with investors over sale of aircraft maintenance business September 15, 2022 Lufthansa is reportedly in talks to sell a stake in its aircraft maintenance business, Lufthansa Technik. According to Reuters sources, the airline is to offload between 20 and 30 per cent of its stake and was attracting more interest from financial investors than rival firms. The airline is also expected to commence talks with private [...]