Royal welcome: Queen attends official opening of long awaited Elizabeth Line May 17, 2022 The Queen amazed everyone when she attended the official opening of the Elizabeth Line on Tuesday morning. The monarch was pictured at Paddington station, where she was welcomed by Prime Minister Boris Johnson, London mayor Sadiq Khan and Transport for London (TfL) commissioner Andy Byford. The Queen, 96, met with Crossrail workers and was presented [...]
Rail could cost £6bn per year without government reform May 17, 2022 Maintaining the railway sector without government reform could cost up to £6bn of taxpayers’ money a year, warned a report published today. An analysis by UK think tank Centre for Policy Studies (CPS) argued that without a complete makeover, the network will fall into a decline and underinvestment scenario that could force the government to [...]
Cazoo’s boss Chesterman buys $1m worth of shares following price slump May 16, 2022 Cazoo’s chief executive Alex Chesterman bought $1m worth of company shares last week after the online automotive retailer’s price slumped. Following the purchase, Chesterman’s stake in the company has gone up to over 23 per cent to more than $250m, Sky News first reported. “Whilst the current macroeconomic climate has driven heightened fear in the [...]
Uber brings subscription service Uber One to the UK later this month May 16, 2022 Uber has announced it will bring its subscription service Uber One to the UK later this month. Established to rival the likes of Deliveroo Plus and Amazon Prime’s food delivery services, Uber One will give customers free delivery on Uber Eats as well as discounts on rides. “We know users across our platform have been [...]
Railway industry sets up contingency plans ahead of potential RMT strike May 16, 2022 The UK railway industry has set several contingency plans ahead of a potential strike by the union RMT, which could involve up to 40,000 workers. Network Rail said it had measures in place to “better understand the disruption it may cause to passengers and freight services.” The government-owned railway operator said it was working with [...]
Ryanair to revert to second-hand market if Boeing doesn’t step up, warns O’Leary May 16, 2022 Ryanair could revert to buying aircraft from the second-hand leasing market if Boeing were not to step up, according to the airline’s boss Michael O’Leary. O’Leary told analysts today the airline was willing to remain with Boeing but said the plane manufacturer’s management needed to “bloody well improve,” as they were “running around like headless [...]
Israeli transport tech firm gears up for London growth with $100m funding injection May 16, 2022 An Israeli transport tech firm is poised for a growth push in London after unveiling a $100m funding injection today, taking its valuation to $1.3bn.
Grand opening: Sadiq Khan cuts the ribbon of Northern line’s Bank branch May 16, 2022 London mayor Sadiq Khan has reopened the Northern line’s Bank following a 17-week closure. The line was closed between Moorgate and Kennington on 15 January to allow for upgrades including a new system of tunnels and a more spacious southbound platform at Bank station. “Today marks the first in a series of transport milestones for [...]
Summer holidays plans? Expect higher ticket prices and endless airport queues, warns Ryanair’s boss May 16, 2022 Ryanair chief executive Michael O’Leary warned this morning that flight prices will be higher this summer due to the high demand for European holiday destinations. He told BBC Radio 4’s Today Programme earlier today: ”I think capacity, generally, across the summer will be down 10 per cent, 15 per cent.” “Prices will be up by, [...]
Ryanair narrows losses to £300m and expects to fly back into profitability this financial year May 16, 2022 Budget airline Ryanair said this morning it has narrowed annual losses of £302m and hopes to return to “reasonable profitability” in its current financial year. However, chief executive Michael O’Leary said it was “impractical, if not impossible” to give guidance for 2022-23 due to the risk to holiday bookings from Covid and the Ukraine war. The [...]