Jet2 raises profit outlook despite £13m hit from air traffic control chaos September 7, 2023 Jet2 expects to exceed profit forecasts for the year ahead, despite a summer of disruption caused by last weeks’ air traffic control shutdown and rampant wildfires on the Greek Island of Rhodes. Annual pre-tax profits on a constant currency basis are expected to hit between £480m to £520m, after the months of July and August [...]
Direct Line shares soar despite losses after £520m commercial insurance sale September 7, 2023 Direct Line continued to feel the pain of cost inflation, with new boss Adam Winslow faced with a miserable balance sheet
Brexit: Dover port chief calls for transition period ahead of new EU border checks September 7, 2023 The chief executive of the Port of Dover has called for a transition period to avoid significant disruption next year when the EU’s new border control system starts.
M&G injects £31m into holographic car display firm Envisics September 7, 2023 Global investor M&G has given a $40m (£31.9m) boost to Envisics, an augmented reality firm, to help grow their holographic car displays.
Transpennine Success? Tory minister defends nationalising rail operator September 6, 2023 Rail Minister Huw Merriman has said that nationalising Transpennine Express was the right decision after cancellation rates fell dramatically.
Hapag-Lloyd chief warns of ‘rougher seas ahead’ for container shipping September 6, 2023 The Hapag-Lloyd CEO said it is a “challenging market environment” amid “weak” demand for shipping container transport over the last year.
Aviation watchdog launches inquiry into ‘1 in 15 million’ air traffic control failure September 6, 2023 The UK’s aviation regulator has launched an independent inquiry into last week's air traffic control chaos, which grounded thousands of flights.
Easyjet, Rolls-Royce and Airbus call on UK to fund hydrogen-powered flights September 5, 2023 A coalition of Easyjet, Airbus and Rolls Royce are calling for urgent investment from the UK government into hydrogen.
Easyjet boss questions whether NATs is ‘fit for purpose’ after air traffic control failure September 5, 2023 Easyjet’s chief executive has questioned whether Britain's National Air Traffic Services (NATs) is fit for purpose following the network-wide failure of the country's air traffic control systems last week.
Pump price of unleaded petrol soars to yearly high September 5, 2023 The price of petrol on UK forecourts has risen to its highest level so far this year, figures show.