Shapps: Government to review £27bn roads plan after Covid-19 reshaped travel July 22, 2021 The government is set to review its £27bn roads investment plan after Covid-19 reshaped travel, the transport secretary said today. Lockdown measures like working from home and online shopping have had permanent impacts on the UK’s travel routines. “In the last eighteen months, fundamental changes have occurred in commuting, shopping, and business travel, which before [...]
Mercedes to invest €40bn in electric cars over next decade July 22, 2021 Mercedes-Benz will invest €40bn (£34.3bn) into battery electric vehicles over the next decade, owner Daimler announced today, as the race to ditch the internal combustion engine continues apace. The German marque said that by the end of the decade the majority of its sales would be of electric vehicles, but did not commit to a [...]
Croydon tram crash: Accidental death verdict a ‘total farce’ July 22, 2021 The victims of the Croydon tram crash died as a result of an accident, and were not unlawfully killed, the jury at the inquest into their deaths has concluded. Seven passengers died and a further 62 were injured when a tram derailed in south London on November 9 2016. Dane Chinnery, 19, Philip Seary, 57, [...]
Commuter rail services axed due to staff self-isolating July 22, 2021 Commuter rail operators have today said that they will reduce the number of services they run from next week as a result of staff shortages due to workers being forced to isolate. Govia Thameslink, which runs both the Thameslink and Southern franchises, confirmed that it would run a reduced weekday service from Monday. The firm [...]
Go-Ahead Group names Transdev exec as new boss July 22, 2021 Go-Ahead Group has today named Christian Schreyer as its new chief executive following the departure of long-serving boss David Brown. German national Schreyer, who is currently the chief executive for central and north Europe at public transport operator Transdev, will take over on 1 November. Prior to that, he worked for Deutsche Bahn group for [...]
Carbon capture development costs could surpass £40bn by 2035, trade body says July 22, 2021 The cost of development of clean hydrogen and greenhouse gas removals could surpass £40bn by 2035, according to a new report by the UK’s carbon capture trade body. The report by the Carbon Capture and Storage Association (CCSA), found that around 85 per cent of the lofty cost is expected to be spent on onshore [...]
Exclusive: En+ chairman Lord Barker on how the energy sector is tackling climate change July 22, 2021 With the climate conference COP26 in Glasgow fast approaching, sustainability, alternative energy and sector reforms across a range of industries are increasingly on the political agenda and therefore closely monitored by investors in the City and around the world. One company at the heart of this ecosystem is En+ Group, the largest producer of low-carbon [...]
FirstGroup hopes to win back shareholders’ good graces by handing out half a billion July 22, 2021 Rail operator FirstGroup has tried to win back the good graces of its shareholders by announcing it will give half a billion pounds to them following the unpopular sale of two US businesses. The company has proposed returning £500m to shareholders, from the sale of the school bus and transit divisions stateside. The figure is [...]
Space-tech: Billionaire Bezos’ flight to space to draw in starry-eyed investors July 21, 2021 Following Amazon boss Jeff Bezos’ 10-minute venture into space yesterday, space-tech investment may be set to rocket, space-fund boss Mark Boggett has said. Just last week Boggett’s space investment firm Seraphim Space listed on the London Stock Exchange after rallying £178.4m from starry-eyed investors in mid-July. “Branson, Musk and Bezos initially cracked open the [...]
‘Catastrophic’ backlog at driving license agency due to staff being put at risk July 21, 2021 A series of “catastrophic” decisions made at driving license agency the DVLA has led to 1.4m-long processing backlog, MPs heard today. Mark Serwotka, general secretary of the Public and Commercial Services Union (PCS), said that the decisions had also put DVLA workers at risk. He said that there had been 643 Covid cases at the [...]