Former Aston Martin dealers file £150m lawsuit over Valkyrie underwriting September 14, 2022 A couple of ex Aston Martin dealers have launched a £150m lawsuit against the luxury car maker over the underwriting of the Valkyrie model. Switzerland-based Nebula Project AG filed a private arbitration case in London, as it argued that it was owed royalty payments worth 3 per cent, sources told the Financial Times. “We are [...]
Aviation regulator restricts flying over London ahead of Queen’s funeral September 13, 2022 The UK aviation regulator has set curtailed the country’s airspace ahead of the Queen’s funeral and mourning period. The CAA announced today it had restricted flying over central London between 9 and 19 September as well as between Balmoral Castle and Holyroodhouse from Saturday until today. The restrictions are also applicable to drones. Under the [...]
Eurowag admitted to FTSE250 following Frasers’ comeback to FTSE100 September 13, 2022 Eurowag was admitted today to the FTSE250 Index after Sports Direct’s owner Frasers made a comeback to FTSE100. “Having listed on the London Stock Exchange in October 2021, the inclusion in the FTSE 250 Index further highlights Eurowag’s credentials as a public company,”said Martin Vohanka, chief executive of the Czech tech platform, on Tuesday. “With [...]
Congestion to hit London as mourners flock in their thousands September 13, 2022 Congestion is expected to hit London as hundreds of thousands of mourners flock to the capital to pay their respects to the Queen. There are currently up to 750,000 people lining the streets of Westminster queuing to see the Queen’s coffin, in contrast with Westminster Hall’s capacity to process 350,000. Network Rail stations across London [...]
Fresh wave of strikes at Felixstowe as workers walk out at end of month September 13, 2022 A fresh wave of strikes is set to hit the port of Felixstowe later this month, with workers walking out from 27 September to 5 October. This will take place following the official mourning period for the Queen’s death. The union Unite announced today 82 per cent of staff voted in favour of rejecting the [...]
Heathrow’s passengers soar 170 per cent in August as six million people jet off September 12, 2022 Heathrow has said total terminal passengers was up 170.6 per cent to over six million in August.
EU urges Britain to cut Brexit checks at border to ‘a couple of lorries a day’ September 12, 2022 Checks on goods travelling across the Irish Sea should be cut to a “couple of lorries a day”, the EU’s chief negotiator on Brexit said today. Maros Sefcovic said the union stands ready to work in a “open and constructive way” with Britain following a statement from the new Prime Minister on the prospect of [...]
Queen’s funeral: Travel chiefs warn train network will be ‘extremely busy’ as refunds offered September 12, 2022 Travel chiefs have warned services and stations will be “extremely busy” in the next week due to the official period of mourning. Both the Rail Delivery Group and Transport For London discouraged unnecessary travel and urged planning, as hundreds of thousands are expected to visit Her Majesty the Queen lying in state. Parliamentary authorities are [...]
Production output sinks below pre-Covid levels as electricity and gas sector declines September 12, 2022 Monthly production output in the UK dropped this summer, sitting at a level below the last pre-Covid level in February 2020. Output sank 0.3 per cent between June and July 2022, coming in at 1.3 per cent below February 2020 levels, according to freshly published data from the Office for National Statistics (ONS). The fall [...]
Driverless vehicle maker Aurrigo heads for London’s AIM September 11, 2022 Driverless vehicle maker Aurrigo is set to list on the London AIM tomorrow morning.