Aerospace Institute unveils liquid-hydrogen aircraft concept December 6, 2021 The UK Aerospace Technology Institute (ATI) unveiled today the concept for a liquid-hydrogen aircraft able to fly non-stop from London to San Francisco. Funded by the government and led by ATI, the FlyZero project received a £15m investment, Bloomberg reported. “These designs could define the future of aerospace and aviation. By working with industry, we [...]
Minsk to retaliate against EU and UK, imposing sanctions on aviation December 6, 2021 Belarus is ready to retaliate against the EU and the UK, imposing sanctions on carriers flying into its air space and banning people from entering the country. “In response to the illegitimate restrictions on the Belarusian aviation industry, which are based on unfair competition, our country will take similar steps in relation to air carriers [...]
Most supply chain heads could not give a damn about tracking food waste despite link to climate crisis December 6, 2021 Nearly three-quarters of senior decision makers in the supply chain and in food procurement are currently not tracking the amount of food their organisation wastes, according to new research shared with City A.M. today. In fact, almost two-thirds (64 per cent) of respondents told food facilities management company Sodexo in survey that direction from government [...]
Israeli maritime firm Windward floats on LSE after raising £34.5m December 6, 2021 Israeli maritime intelligence firm Windward announced today its admission to trade on the LSE’s AIM market. After raising £34.5m from investors such as Hargreave Hale, the company floated with a market cap of £126.5m, placing shares at 155p. “Today marks the next step in the growth of Windward and I am grateful for all the [...]
UK car sales grow but industry warns troubles are not over December 6, 2021 After four months of consecutive decline, new car registrations showed signs of recovery, going up 1.7 per cent in November compared with the same time last year. According to data from the Society of Motor Manufacturers and Traders (SMMT), 115,706 cars were registered last month, with electric vehicles becoming the main drivers beyond the demand. [...]
EV patents rise as net zero deadline drives fossil fuels down December 6, 2021 The number of electric vehicle (EV) patents has gone up all across the world, while fossil fuel ones have registered a rapid decrease in the last five years – a sign that manufacturers are taking seriously the decision made by governments to phase out the sale of new fossil fuel cars from 2030. Data from [...]
End of 100-year family ownership: £325m offer from WeBuyAnyCar owner accepted by Marshall board December 6, 2021 The board of Marshall Motor has said it will accept a £325 million takeover offer from the private-equity backed company behind WeBuyAnyCar. Marshall said that it thought the terms offered by Constellation Automotive were “fair and reasonable”. “Following careful consideration of both the financial terms of the offer and Constellation’s stated intentions regarding the conduct [...]
Eurostar to launch contactless fast-track service from St Pancras December 6, 2021 Eurostar announced this morning the launch of a contactless fast-track service operating from London St Pancras station. Developed alongside biometric technology manufacturer iProov, the service allows business travellers and loyalty card holders to complete ticket verification and UK exit checks on their phone before departure. Using iProov’s biometric technology, passengers can pass through smart gates, [...]
Exclusive: London MPs warn of DLR decline without new TfL funding deal December 5, 2021 The capital’s Docklands Light Railway (DLR) will be under serious threat of long-term decline without a sustainable funding deal for Transport for London (TfL), a group of London MPs have warned. The six MPs, all Labour members in East or South East London constituencies, wrote to transport secretary Grant Shapps today to say “some of [...]
A hammer blow to the industry: Business travel body slams new restrictions December 5, 2021 The travel industry has reacted with fury following the re-introduction of pre-departure mandatory tests for those travelling to England. Clive Wratten, chief executive of the UK Business Travel Association (BTA), has slammed the government’s decision, calling it a “hammer blow to the business travel industry.” “Public safety is a priority, but businesses will fail, travellers [...]