BA South African franchisee Comair forced to make dramatic emergency landing February 23, 2022 A British Airways (BA) flight – operated by Comair – was forced to make a dramatic emergency landing in South Africa following issues with a faulty landing gear. The flight had left the eastern Cape city of East London on Sunday and was headed 476 miles north to Johannesburg, carrying aboard 111 passengers. Not long [...]
City workers jump on micromobility train as Lime rides increase in Square Mile following Bank branch closure February 23, 2022 City workers are jumping on the micromobility train using more and more e-scooters and e-bikes, according to Lime data. Following the closure of the Bank branch of the Northern Line, Lime has registered a 113 per cent increase in e-bike rides and, while e-scooter uptake has gone up 49 per cent. In stations close to [...]
UPS loses $2bn lawsuit against EU for veto on TNT offer February 23, 2022 Logistics giant UPS has lost a $2bn lawsuit against EU regulator after the bloc rejected its takeover proposal of Dutch rival TNT. The EU Commission had in 2013 stopped the $5.9bn acquisition on the grounds that UPS didn’t offer enough reassurances to claims that the merger would hinder consumer’s choice. The group then decided to [...]
More than 14,000 ghost flights departed from UK airports during Covid February 23, 2022 New figures have revealed that more than 14,000 ghost flights have departed from UK airports throughout the whole Covid pandemic. With 4,910 flights, Heathrow was crowned the airport with most ghost flights, while Manchester and Gatwick came in second and third place, with 1,548 and 1,044 flights respectively. The figures, which include cargo flights and [...]
Mandatory face masks on TfL scrapped from tomorrow February 23, 2022 Transport for London (TfL) has confirmed that from tomorrow face masks will no longer be mandatory across the network. After considering several factors – including the government’s ‘Living with Covid’ plan and London’s downward rate of infections – the public body decided to scrap the requirement, still encouraging the use as a courtesy to fellow [...]
Rail cleaners take the streets in biggest strike ever February 23, 2022 Hundreds of railway cleaners today are taking the streets in what campaigners consider their biggest strike ever over wages. The cleaners, the majority of whom is employed by professional cleaning company Churchill, work across the UK’s railway network – including on Thameslink, Southeastern, Eurostar and HS1 services. “The rail industry make a lot of noise [...]
Brexit Multiverse of Madness: ‘Jacob Rees-Mogg is hoping for the reality-bending powers of Marvel’s Dr Strange’ February 23, 2022 The new Brexit Opportunities Minister, Jacob Rees-Mogg, has said that Brexit is ‘already a success’ and ‘the evidence that Brexit has caused trade drops is few and far between’. City A.M. spoke to one of the UK’s biggest international delivery firms and their response was “He said that? Well, not in our universe.” In fact, [...]
‘Rule of Origin’ Brexit rule starts to bite: UK customs duties jump 64 per cent in a year to record £4.5bn February 23, 2022 Customs duties paid by UK businesses have jumped 64 per cent to a record £4.5bn in the year to 31 January 2022, up from £2.9bn in the previous 12 months, according to new research shared with City A.M. this afternoon. The rise comes as post-Brexit increases in customs duties begin to bite for UK businesses [...]
Covent Garden leasing demand drives Capital & Counties rental growth February 23, 2022 Capital & Counties Properties has revealed strong demand levels for leasing in Covent Garden was one of the main drivers behind the company’s valuation uplift in the second half of 2021. In the year ended 31 December, the property investment giant reported a total equity of £1.8bn, while underlying net rental income increased from £43.6m [...]
£3.8bn stall but still flying: UK’s biggest airport looks ahead after ‘worst year in Heathrow’s history’ February 23, 2022 Heathrow has revealed 2021 was the worst year in its history, as passenger numbers fell to 19.4 million – the lowest since 1972 – while cargo went down 12 per cent as a result of the pandemic’s impact on aviation. In the year ended 31 December, the London hub reported that, despite its efforts to [...]