City Hall warns failure to fund TfL will leave £2.1bn hole in Treasury’s finances December 14, 2021 A failure to strike a long-term funding deal for TfL would result in a £12bn hit to the capital’s economy, according to new City Hall analysis.
Virgin Atlantic boosted by £400m in funding from Branson’s Virgin Group and Delta Air Lines December 13, 2021 British Airways rival Virgin Atlantic is hoping to leave the turbulence behind after sealing a funding deal with Virgin Group and Delta Airline to inject £400m in fresh cash to steer it out of the pandemic. Virgin Atlantic, like many other airlines, has been battered by the Covid tracvel restrictions and the clisure of many [...]
UK airlines ask PM to remove travel restrictions as Omicron pushes shares down December 13, 2021 Bosses of major UK airlines have sent Prime Minister Boris Johnson a letter asking the government to remove travel restrictions , as stocks today continued to plummet. Easyjet, as well as British Airways’ (BA) owner IAG and Ryanair, saw their stocks go down 4.72, 5.29 and 3.46 per cent respectively because of fears of further [...]
Lorry licenses surge easing driver shortages December 13, 2021 The number of lorry licenses issued this year has increased in recent months to ease HGV shortages. Figures obtained by the Telegraph have shown that between January and October around 230,000 licenses were handed out, of which 40,169 only in October. Compared with the 100,000 driver shortage which plagued the good part of this year, [...]
Investors bet on EV despite Omicron concerns, Freetrade reveals December 13, 2021 Despite Omicron concerns startling the markets, investors are increasingly betting on electric vehicles (EVs), as according to online stockbroker Freetrade, four out of the 10 most popular stocks in November were from EV companies. Newly listed Rivian and EV charging point Pod Point as well as consolidated firms such as Tesla feature among those most [...]
Homeserve to sell Piedmont policy book for $22m December 13, 2021 Home repairs international firm Homeserve announced this morning its intention to sell to gas company Piedmont its policy book, as shares went down 3.67 per cent. Homeserve cited PiedmonHomeserve cited Piedmont’s acquisition by US energy giant Duke as the main reason for selling the policy books built during the two companies’ partnership, set to expire [...]
UK airlines set to ask Treasury for extension to Covid loans December 12, 2021 Bosses from British Airways, Virgin Atlantic and easyJet are set to ask the Treasury to extend their Covid-19 loans and provide further economic help in light of new restrictions imposed by Boris Johnson last week. Chief executives from the three airlines will meet with civil servants at the Treasury today to discuss the proposals, after [...]
Superyacht orders hit record as industry glides through the pandemic December 12, 2021 Over 1,200 superyachts have been ordered, marking a jump of 25 per cent compared to last year as demand for luxury cruisers has surfed over the pandemic, according to reports. The orders for superyachts hit a new record according to data in the latest edition of Boat International’s Global Order Book, and as reported in [...]
UK bolsters free HGV driving course capacity by 11,000 spots in bid to plug shortage December 10, 2021 The UK has boosted the capacity for its intensive HGV driving courses, as the government looks to plug the gaps in the UK’s driver shortage. The trickling supply of lorry drivers has deepened the supply chain disruption the country has been facing over the past 18 months. The scheme has been widened to allow a [...]
Heathrow to employ ‘thousands’ ahead of next summer once Plan B eases December 10, 2021 The newly imposed Covid-19 Plan B have dampened Heathrow’s hopes of securing confidence in travel, as the restrictions weigh on already faltering demand. Demand remains 60 per cent below pre-pandemic levels, despite the US reopening its coveted travel corridor in November. “High level of cancellations by business travellers concerned about being trapped overseas because of [...]