Felixstowe strike set to go ahead as no deal reached yesterday August 9, 2022 The strike at the port of Felixstowe is set to go ahead after no deal was reached yesterday between dock workers and port authorities. The union announced that around 1,900 staff members will walk out for eight days, from 21 to 29 August, over salaries. Felixstowe said it was disappointed by the union’s decision to [...]
Maersk warns about logistics disruption if Felixstowe strike goes ahead August 8, 2022 The strike at the Port of Felixstowe could lead to significant disruption, Maersk said. In a notice published today, the shipping giant warned customers to expect “significant operational delays,” urging them to have contingency plans ready. “Our teams continue working hard on planning appropriate contingencies and expect to share concrete details and actions we are [...]
Veolia to pocket £2bn from Suez UK waste unit as CMA forces energy giant to sell August 8, 2022 Veolia said this afternoon it plans to sell Suez’s UK waste business to Macquarie for £2bn after regulators raised competition concerns. The French utilities giant agreed to buy smaller French competitor Suez in a £10.9bn deal last year. However, it has had to sell parts of Suez’s waste operations in numerous regions amid concerns over [...]
Air taxi firm Vertical Aerospace posts loss as company builds latest prototype August 8, 2022 UK electric aviation firm Vertical Aerospace has posted a half-year loss of £39m, up from last year’s £22m, due to its pre-revenue status. Costs increased as the company completed building its aerial taxi prototype which, after a series of ground testing, is expected to begin flying this summer. “I am grateful for the efforts of [...]
Unbearable: Victoria crowned noisiest tube line after receiving most complaints August 8, 2022 The Victoria Line was crowned the noisiest on the Transport for London (TfL) network after it received the highest number of complaints from passengers, drivers and people that live nearby. Running from Brixton to Walthamstow, the line received 306 complaints since 2016, 108 of which for the section between King’s Cross and Highbury and Islington. [...]
Shipping services provider Clarksons posts buoyant profit after ‘supply shortage’ in global fleet August 8, 2022 Shipping services provider Clarkson has posted a profit boost for the first six months of the year, with underlying profit before tax sitting at £42.2m. The London-listed firm saw underlying profit before tax rise some 53.5 per cent in the period. The shipping firm posted £266.7m in revenue for the six months to 30 June, [...]
JetBlue unveils EU plans as it forecasts quarterly profits August 7, 2022 US low-cost airline JetBlue is planning to further its expansion into the “old continent” as it expects to post a profit this quarter. The carrier made the headlines last week when it reported a loss of $188m in the second quarter of the year due to fuel costs going up by around 30 per cent. [...]
Bus drivers join ‘summer of discontent’ and announce strike for 19 and 20 August August 7, 2022 London bus drivers have joined the UK’s “summer of discontent” and announced a strike for 19 and 20 August following a dispute over salaries. The union Unite said more than 1,600 of its members working for bus operator London United will join the walkout after the company’s parent, RATP Dev Transit, offered a 7.8 pay [...]
Worst is over for Lufthansa, says board member August 7, 2022 The worst is over for German airline Lufthansa after staff shortages caused flight chaos over the summer, but levels of sick leave remain challenging, board member Christina Foerster told newspapers in the Funke Media group. Airlines across Europe have struggled to cope with a strong rebound in holiday season demand after the COVID-19 pandemic stopped much [...]
Brits’ energy bills to hit £4,000 by January as gas prices spiral out of control August 7, 2022 The average energy bill is set to climb to nearly £4,000 a year from January as gas prices continue to push upwards, new analysis has shown. Energy consultancy Auxilione warned that the Government’s price cap, which sets bills for more than 20 million households in Great Britain, could be increased further than previously expected. It [...]