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      Monzo in talks over £10bn sale to Nubank in blow to IPO hopes

      The valuation would cement Monzo's status as one of Britain's biggest tech start-ups.

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      AI and politics will never destroy the beauty of supporting clubs like Bournemouth

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      Two countries, one holiday: Turkey’s glitzy Bodrum and Greece’s unbuttoned Kos

      Woman in a straw hat and swimwear relaxing under a wooden pergola on a sandy beach in Bodrum, Turkey.

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Transport & Infrastructure

  • Omicron could cause “significant traumas” for aviation, Emirates president warns

    November 30, 2021

    Emirates’ president Tim Clark has warned that the new Covid variant, Omicron, could cause “significant traumas” for the recovery of global aviation. Clark said the next few weeks would prove fundamental for the industry, as scientists assess the variant’s risk and the effectiveness of vaccines in fighting it. “I would say probably by the end [...]

  • Omicron hits Easyjet bookings as losses swell to over £1bn

    November 30, 2021

    Easyjet said this morning that its losses have jumped to more than £1.1bn, and the airline’s bookings are currently impacted by concerns over the Omicron Covid variant. In the year ending 30 September, the carrier registered a 52 per cent decrease in revenue, going down to £1.4bn. Due to air travel restrictions and lockdowns implemented [...]

  • Griffon Hoverwork wins major hovercraft export contract in Japan

    November 30, 2021

    UK-based hovercraft giant Griffon Hoverwork confirmed it has won a major new contract in Japan, supplying three new 12000TD craft to the country. Work on the first hovercraft is set to start at the end of January next year, with the last craft to be delivered to the the Oita Prefecture government in Japan in [...]

  • Brits’ ski trips re-routed to French entry-points following fresh Swiss restrictions

    November 29, 2021

    Brits may have to skip the slopes this year, as holidays firms begin to re-route or cancel Christmas trips to the Alps amid fresh travel restrictions. The uncertainty has bloomed as a result of a new Covid-19 variant known as Omicron, which has prompted Switzerland to force Brits entering the country to quarantine for 10 [...]

  • Asda sales dip as supermarket charters cargo ship to ensure Christmas stock availability

    November 29, 2021

    Asda has reported a fall in underlying quarterly sales as it said it chartered its own cargo ship to ensure Christmas decorations and toys make it to UK shelves. The supermarket, owned by the billionaire Issa brothers and private equity firm TDR Capital, said like-for-like sales, excluding fuel, fell 0.7 per cent year-on-year in the [...]

  • George Osborne calls for Sadiq Khan to have more powers over TfL

    November 29, 2021

    Sadiq Khan should be given more powers by central government to run Transport for London (TfL), former chancellor George Osborne has said. Osborne yesterday said the government should stop “trying to micromanage how [Khan]  runs TfL” and “let him take responsibility”. Khan and the Department for Transport are currently locked in negotiations over a fresh [...]

  • Ex British Airways boss slams tougher Omicron travel rules as ‘knee-jerk decision’ as UK firms worry about Christmas

    November 29, 2021

    Former British Airways boss Willie Walsh has dubbed countries’ tighter quarantine and testing rules as a “knee-jerk decision”, after concerns over the new Omicron Covid variant.  Walsh, who used to head the airline group International Airlines Group, said the new rules imposed “a massive financial damage to the tourism and airline industry.” “It’s clear that [...]

  • Nissan bets heavily on electric cars as it pours £13.2bn into 23 new models with key role for Sunderland plant

    November 29, 2021

    Car giant Nissan said this morning it plans to spend more than £13bn on developing electric vehicles. At a news conference in Japan the car manufacturer, which has a major plant in Sunderland, revealed it will develop 23 new electric models by 2030. By that time, the firm aims for half of its global output [...]

  • Rail unions to protest outside parliament in bid for more TfL funding

    November 29, 2021

    Transport unions will next week stage protests outside parliament to warn that the capital will “grind to a halt” without long-term financial help for Transport for London (TfL). Wednesday’s protest will see members of the Rail, Maritime and Transport union (RMT) and Transport Salaried Staffs Association (TSSA) rally against the government’s refusal to offer a long-term funding [...]

  • Omicron delays historic Tel Aviv Emirates flight

    November 28, 2021

    Dubai airline Emirates has postponed the 6 December launch of flights to Tel Aviv until further notice, a company spokesperson said today, after Israel announced it would ban foreigners from entering to combat the latest coronavirus variant. “The postponement comes as a result of recent changes in entry protocols issued by the Israeli government. The [...]

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