Market Buzz
Tuesday newspaper round-up: Electric cars, Manchester, Mountain Warehouse
Campaigners have called on the chancellor to introduce a controversial pay-per-mile road charging scheme on electric cars, warning of a £5bn “black hole” in tax revenues from motoring. In a letter to Rachel Reeves, the Campaign for Better Transport (CBT) urged her to reform vehicle taxes, with fuel duty poised to dwindle in the coming decade as petrol and diesel cars are phased out. – Guardian.
Monday newspaper round-up: Ride-hailing apps, ticket prices, Abercrombie & Kent
Uber and other ride-hailing apps should be forced to publish data on drivers’ workloads so that regulators can tackle exploitation and cut carbon emissions, campaigners argue. Analysis by the pressure group Worker Info Exchange suggests drivers for Uber and its smaller rivals may have missed out on more than £1. 2bn in wages and costs last year because of the way they are compensated. – Guardian.
Sunday newspaper round-up: Abercrombie & Kent, Bunzl, John Lewis
Abercrombie & Kent, based in Cheltenham, has started talks with bankers regarding an initial public offering in 18 to 24 months' time. The luxury travel agency's boss, Cristina Levis, thinks the flotation will help the outfit become the LVMH of luxury experiential travel. The company, however, is looking at pursuing a possible listing in New York instead of London. Luxury travel has continued to increase since the pandemic with dramatic growth in demand for destinations such as the Nordics or Japan.