Fossil fuel industry biggest delegation at COP26 with hundreds of sector reps flooding Glasgow November 8, 2021 The fossil fuel industry has a bigger delegation than any country, with hundreds of sector representatives accredited to the key climate talks in Glasgow. Analysis of the UN’s provisional list of named attendees suggests 503 delegates at COP26 who are either directly affiliated with fossil fuel companies or are part of country delegations but are [...]
Twitter has spoken: Tesla shares fall as Musk abides by poll November 8, 2021 Tesla’s Frankfurt-listed shares have gone down 9 per cent after Elon Musk decided to sell 10 per cent of his quota following a Twitter poll. On Saturday, the chief executive – who is in the race to become the world’s first trillionaire – launched a Twitter poll asking users whether he should sell a consistent [...]
Outrage grows over months-long Northern Line closures as TfL tells Londoners: ‘Just find another way’ November 8, 2021 Outrage is growing over TfL’s decision to shut parts of the Northern Line for nearly five months, with many Londoners taking it to social media to express their anger and disbelief. Planned works at Bank and Monument stations mean that the Northern line (Bank branch) will be closed from 15 January to mid-May 2022. As [...]
BHP pockets £1bn after offloading coal unit in COP26 push to lower emissions November 8, 2021 BHP said this morning it struck a £816m deal to sell its 80 per cent interest in BHP Mitsui Coal (BMC), an metallurgical coal joint venture in Queensland, Australia. A subsidiary of Stanmore Resources Limited will acquire 100 per cent of the shares in Dampier Coal (Queensland) from BHP Minerals, the subsidiary which holds BHP’s interest in [...]
Ryanair turns East Midlands into major hub as it launches 30 new routes from region’s airport November 8, 2021 Ryanair has said it will operate 130 weekly flights across 31 European destinations from East Midlands Airport from April next year, turning the regional airfield into one of its main UK hubs. Ryanair’s director of commercial, Jason McGuinness, said he was “delighted” to have extended the airline’s long-term partnership with East Midlands. Destinations include Alicante, [...]
BA and rivals cheer return of the $1bn transatlantic route November 7, 2021 The first British tourists and business travellers since the March 2020 Trump White House ban are set to touch down in the US today, in a boost to long-haul airlines such as BA and Virgin Atlantic. The London Heathrow to New York’s JFK airport was said to bring in around $1bn to British Airways pre-Covid, [...]
Soaring travel agent insolvencies just ‘the tip of the iceberg’ November 7, 2021 Insolvencies of UK travel agents and tour operators have leaped in the last year. Audit and tax firm Mazars said insolvencies jumped 17 per cent from 59 to 69. In July, sector insolvencies rose from one to nine. Experts have pointed to the end of furlough as something that could place additional pressure on the [...]
TfL tells City commuters ‘find another way’ as Northern line branch set to close November 5, 2021 City commuters face months of travel disruption as key London Underground stations are set to be closed next year. Planned works at Bank and Monument stations mean that the Northern line (Bank branch) will be closed from January 15 to mid-May 2022. There will be no Northern line trains at Bank, London Bridge, Borough, and [...]
British Airways shares in descent as it predicts 2021 Covid loss of €3bn November 5, 2021 The owner of British Airways and Iberia, IAG, reported a shrinking €2.6bn (£2.3bn) loss for the first nine months of 2021. However investors dumped IAG shares this morning after it indicated full year losses would still hit €3bn as passenger capacity has been slow to recover. Its lucrative UK-US travel corridor is due to finally [...]
Wizz Air on track to pre-pandemic levels as passenger numbers grow November 4, 2021 Low-cost carrier Wizz Air is on track to get back to pre-pandemic levels, as passenger numbers continue to grow after the easing of air travel restrictions. In the second quarter of FY22, the Budapest-based company registered a 92.7 per cent increase in passenger numbers, which resulted in revenue going up from €471.2m to €880.4m this [...]