Nissan to buy 34 per cent of Mitsubishi Motors May 12, 2016 Nissan is going to buy a 34 per cent stake in Mitsubishi Motors, news that sparked Mitsubishi shares to jump. However, Nissan shares fell over one per cent. Mitsubishi is currently trying to attract capital in the wake its admission that its employees falsified data on fuel economy tests in Japan, where both companies are [...]
Sadiq Khan makes one small step in the right direction May 12, 2016 At the start of the week City A.M. asked – "will Sadiq Khan live up to his promise of being London’s most pro-business mayor?" The victorious Labour candidate may have set himself a tough target, but he has at least started on a positive note by dropping City Hall’s objection to expansion plans at City [...]
These are the strangest items Londoners have tried to take on planes in the last year, according to London City Airport May 11, 2016 Posh dog shampoo, furry handcuffs, a wooden meat hammer and snow globes: an unlikely bunch of items, but all products that passengers have tried to take onto flights as hand luggage in the past year. London City Airport has revealed its list of the 10 most unusual items confiscated at its security check-in, as well [...]
London airport expansion: Business groups rally on government again after Heathrow accepts conditions for expansion May 11, 2016 Business groups have jumped on pledges by Heathrow Airport to reduce night flights, as well as curtail noise and pollution, to urge the government to make a decision on aviation expansion after months of dithering. Heathrow Airport today promised to make the concessions if it is allowed to build a new, third runway, ahead of [...]
EU referendum: Business travellers fear Brexit due to delays at passport control May 11, 2016 Concerns over increased airfares and delays at passport control have caused business travellers to feel uncertain about the prospect of Brexit. New research from DCC Forum found growing concerns among business owners over visa applications for entering countries and increased airfares if Britain leaves the EU. Almost one in five business travellers are worried about delays [...]
Heathrow backs down on night flights to get third runway off the ground May 11, 2016 Heathrow Airport has pledged to reduce night flights, as well as curtailing noise and pollution, in a bid to get its third runway off the ground. It comes ahead of a widely-anticipated government decision on whether to expand Heathrow or rival Gatwick, due out later this summer. Read more: Exasperated business bosses want second runway at Gatwick if [...]
Emirates Airlines profits rocket as its fuel costs fall May 10, 2016 Emirates Airline reported its highest ever profit as its fuel costs sunk due to lower crude oil prices. The airline's profits rocketed 56 per cent to Dh7.1bn (£1.32bn) in 2015-2016, a new annual record, after its fuel costs fell by 31 per cent. The airline carried 51.8m passengers over the year, 7.7 per cent more passengers than [...]
13m passengers flew through London Luton Airport in the last year May 10, 2016 Some 13m passengers have flown through London Luton Airport (LLA) in the past 12 months, a milestone for the airport, as the airport confirmed a £200m rail link that will bring LLA closer to London than Gatwick and Stansted. The total was reached after passenger numbers jumped by 17 per cent year-on-year in April, with over 1.1m [...]
Sports car manufacturer Zenos Cars aims for £750,000 crowdfunding investment round May 9, 2016 High-performance car maker Zenos Cars is looking to raise £750,000 through crowdfunding site Seedrs to fuel its expansion. The campaign, which got underway at the end of last week, has already raked in over £102,000, 14 per cent of its goal. Zenos has sold 100 cars, which start at £26,995, since the company was founded three years ago. Read more: Classic [...]
This giant credit rating agency has just issued a warning about Sadiq Khan’s plans to freeze TfL fares May 9, 2016 Hmm. Looks like things aren't getting off to a great start for London's new mayor, Sadiq Khan, after one of the world's largest credit ratings agencies warned his central pledge may hurt Transport for London (TfL). That didn't take long… In a statement that was as brief as it was punchy, this morning Moody's warned [...]