Lotus eyes up New York as favoured destination for IPO February 22, 2022 Iconic British car brand Lotus is eyeing up New York as its favoured location to go public after it was revealed the car manufacturer was looking to supercharge growth with a move onto the public markets.
InterContinental brings back dividend amid recovery of global travel industry February 22, 2022 British hotelier InterContinental has said it will reinstate its dividend, after posting “encouraging” results for the full year 2021 amid the recovery of the global travel industry. In its 2021 results, InterContinental Hotel Group (IHG), which owns Holiday Inn Express, said its revenues per room had bounced back to 70 per cent of 2019 levels, [...]
Sadiq Khan says masks on TfL network no longer compulsory following scrapping of restrictions February 21, 2022 London mayor Sadiq Khan has said masks will no longer be compulsory to wear across the whole Transport for London (TfL) network following today’s announcement that all Covid restrictions will be scrapped. “Following the government dropping all legal Covid restrictions, and in light of falling infection levels in London, it is expected that wearing a [...]
Air France becomes latest airline to scrap Ukraine flights February 21, 2022 Air France has decided to cancel tomorrow’s flights between Paris and Kiev “as a precautionary measure” following the increasing tensions between Ukraine and Russia. “In view of the local situation and as a precautionary measure, flights AF1752 and AF1753 to and from Kiev (KBP) on Tuesday 22 February 2022 are cancelled,” the carrier told Reuters. [...]
Motorists to be hit by fuel shortages as Exxon workers plan walkout February 21, 2022 Motorists could soon face fuel shortages as workers at the UK’s largest refinery have voted in favour of strike action over salaries. Around 100 workers at Exxon’s Fawley refinery will walkout starting from April after the oil giant decided offered a 2.5 per cent raise in salaries over the next two years, even though inflation [...]
Fuel surpasses last week’s record prices, reaching unprecedented 149p per litre February 21, 2022 Fuel prices have surpassed those of last week – which saw forecourts charge motorists 148p per litre – and reached record highs. According to RAC data, yesterday petrol prices reached 149.12p per litre while diesel was at 152.58p, meaning that it costs respectively £82 and £84 to fill a vehicle. “While the price of oil [...]
Bad weather problems: BA blames luggage delays on winds February 21, 2022 British Airways (BA) has blamed the UK’s current meteorological situation for luggage delays. “We apologise to customers who are facing disruption as a result of storms in the UK and across Europe. Please rest assured we’ll do everything we can to help,” the carrier was forced to tweet after receiving hundreds of messages from angry [...]
Car dealers not repaying furlough money despite rocketing expected profits February 21, 2022 Car dealers are reportedly refusing to return funding provided by the government through furlough payments and business rates relief. The sector, which is expected to collectively post profits up to £1bn, will start paying both dividends back to investors and bonuses to managers and directors, a Times investigation reported. According to the outlet, dealership groups [...]
Kuwait’s Agility locks in John Menzies takeover after upping offer to 608 pence February 21, 2022 The board of John Menzies plc has accepted an offer from Kuwaiti firm Agility, which is set to see a subsidiary of the Kuwaiti logistics company take over the Scottish aviation firm. Menzies has said it will recommend its shareholders accept an offer from Kuwaiti firm Agility Logistics, through which Agility subsidiary National Aviation Service [...]
Congestion charge returns to pre-pandemic hours from today February 21, 2022 Starting today, the congestion charge applied to those driving into central London will no longer be active on weekdays from 6pm. The price cap, instead of going back to £11.50, will remain at the current rate of £15. The decision was made by London mayor Sadiq Khan in mid-December to strike a balance between helping [...]