Share trading in Go-Ahead Group halted as Southeastern rail scandal widens with Deloitte scrutinising the books January 4, 2022 Shares in train firm Go-Ahead Group have been suspended to give its auditor more time to finalise delayed full-year results in the wake of the Southeastern franchise scandal. Go-Ahead said it was working with accountancy group Deloitte to get its earnings for the year to July 3 2021 published “as soon as possible”, with the [...]
Strict new Brexit transport rules make UK businesses ‘give up’ on EU imports: ‘Simply not worth the hassle’ January 4, 2022 Many British businesses may “give up importing” as a result of new strict rules that came into force on Saturday, on 1 January, a former senior civil servant in charge of Brexit planning has warned. Philip Rycroft, who was permanent secretary at the Department for Exiting the European Union (DExEU) between 2017 and 2019, said [...]
Rolls-Royce sells off Bergen Engines for €63m in bid to streamline business January 4, 2022 Rolls-Royce has cut a deal with engineering group Langley for its liquid fuel and gas engines business. The aerospace giant is set to sell Bergen Engines for €63m, following a strategic review of the business, as Rolls-Royce looks to build a “more focussed group”. The deal forms part of Rolls-Royce’s target of selling off £2bn [...]
Millions of commuters may be hit as national rail strike looms over job cuts and living costs January 4, 2022 A national rail strike looms this week as one of the leading rail workers’ unions is warning it may urge its members to pause work over job cuts. The Transport Salaried Staffs Association (TSSA) said rail workers faced losing their jobs this year just as the cost of living crisis spirals. The union is calling [...]
Higher roaming bills for millions of Brits from this week as Brexit allows EE and Vodafone to slap steep new fees on trips to Europe January 4, 2022 Two of the UK’s four biggest networks – EE and Vodafone – are reintroducing roaming charges for customers travelling to Europe from this month, with Three also set to reintroduce them in May 2022. Since Saturday, customers who joined or upgraded with EE after July 7 2021 will face a £2 daily charge for using [...]
South Africa offers the world a way out of Covid as Omicron is in full retreat: New infections down and death rate dropping January 3, 2022 As Covid infection rates are dropping rapidly and tens of thousands of South Africans recovering from Omicron without having to go to hospital, it seems the country is heading for a healthy start of the year. In fact, Covid experts are all saying the same: the Omicron wave has passed and other countries can expect [...]
SME crisis: Late payment of invoices and spiralling costs threaten survival of more than 400,000 small businesses January 3, 2022 Paying invoices too late is threating the survival of hundreds of thousands of small firms, a businesses group warned this morning. The Federation of Small Businesses (FSB) fears that late payments, high inflation and mounting administration for firms that trade internationally could see numbers shrink if something is not done about these issues. Of the [...]
4,000 people held on cruise ship outside Lisbon after Covid outbreak despite none of the passengers testing positive January 3, 2022 More than 4,000 people are being held aboard a cruise ship in the Portuguese capital Lisbon after a Covid-19 outbreak infected crew members, according to multiple media reports in the Spain and Portugal. Portuguese media reported that 52 members of the crew of more than 1,000 workers tested positive. However, none of the nearly 3,000 [...]
From today: Many trains services slashed following staff shortages as strikes and Covid cripple rail networks January 1, 2022 Several train operators – including ScotRail and South Western Railway – said they have no choice but to slash services as a result of Covid-induced staff shortages. From today until 17 January, when the new timetable will be introduced, Southwestern Railway trains will be subject to short notice cancellations. “The onset of the Omicron variant [...]
Brexit passporting: Little appetite among EU finance firms to stay in London as FCA applications disappoint January 1, 2022 It appears that many European financial services firms are not interested in continuing to be authorised in the City, as only half of EU firms that were given a temporary license to operate in the UK – immediately after Brexit – have applied for full authorisation, a Freedom of Information request has revealed. The City [...]