Lookers begins £15m buyback programme as it raises year profit October 18, 2022 Lookers has begun a £15m share buyback programme as it raises profit forecasts for the full-year. The car dealership chain announced today that, encouraged by strong trading in the third quarter, it now expects profit before tax for 2022 to be ahead of previous expectations to no less than £75m. “We have built on the [...]
Jet2 orders 35 Airbus planes for £3.4bn to meet travel demand October 18, 2022 Jet2 has ordered 35 A320 neo aircraft for $3.9bn (£3.4bn) from Airbus as it remains confident demand for package holidays will continue to surge over the next decade. The deal comes on the heels of Jet2 placing an order for 36 A321 neo last year – its first purchase from Airbus after years of loyalty [...]
From new duties to volatile pricing: Brexit is making life in Europe impossible for UK firms October 17, 2022 The volatile pricing and availability of materials, accompanied by widespread disruption to global supply chains are just a few of the challenges faced by many UK businesses post-Brexit. Those trading within the European Union have suffered a massive upheaval due to the loss of access to the EU’s present free trade agreements. Following the end [...]
Police slam ‘selfish’ Just Stop Oil activists who scaled QEII bridge forcing its closure October 17, 2022 Police branded Just Stop Oil demonstrators ‘selfish’ amid an all-day standoff with activists who scaled the QEII Bridge forcing its closure. Commuters faced disruption after the campaigners climbed to the top of the Dartford Crossing over the Thames, leading to Essex Police closing it. The situation began to unfold at 4.50am, when officers were called [...]
Furious En+ chairman hits back at Bloomberg for ‘wrong article’ on US sanctions October 17, 2022 Christopher Burnham, chairman of En+ Group, generally considered the world’s leading producer of low carbon aluminium and hydropower, has hit back at media giant Bloomberg. Its news site ran an article on 12 October making a series of allegations with regards to En+ Group’s relations to Russia and sanction compliance, which City A.M. won’t repeat [...]
EU urged to ramp up EV support to fend off China’s advance October 17, 2022 The EU was urged to ramp up its economic support for the electric vehicle (EV) transition if it wants to fend off China’s advance into the market. A study published today by European NGO Transport & Environment shows that EV sales in the continent slowed down over the last few months, going down from 13 [...]
Low-cost carrier launches direct services to US following Washington approval October 17, 2022 Low-cost airline Norse Atlantic has pledged to ramp up services between the UK and US after it received the green light from the US department of transportation to operate direct flights. The low-cost carrier started operating flights from Gatwick to New York in August – offering return trips from £255 – but it was forced [...]
Moscow’s elite in shock as another close Putin ally suddenly dies: Gazprom ‘wonderkid’ and Kremlin insider Nikolay Petrunin is no more October 17, 2022 Rumours are flying in Moscow today as it has emerged that another one of Vladimir Putin’s close allies has suddenly dies. Nikolay Petrunin, a 46-year-old Russian multimillionaire and a close confidant of the Russian president, is no more. The official reason by authorities was that the Gazprom executive has died as a result of complications [...]
On the Beach promotes marketing chief to executive director October 17, 2022 On the Beach has promoted chief marketing officer Zoe Harris to executive director with immediate effect. Harris joined the beach holiday retailer in early 2021, after holding top positions at the likes of GoCo Group, which provides online comparison and information services, and newspaper powerhouse Reach. She was credited for introducing the provision of free [...]
Global Ports expects 2023 passenger volumes above pre-pandemic levels October 17, 2022 Global Ports is expecting 11 million passengers to embark on its cruises next year, well above pre-pandemic levels. The cruise port operator announced today it was expecting 4,538 cruise call reservations from January to December 2023, 26 per cent up on pre-pandemic levels. The company – which has a presence in the Mediterranean as well [...]